Securities Lending

Stock Loan- Prime ServicesOversee the daily functions of the International Stock Loan Operations group New trades, returns, compare, calling in returns, fails and mark to markets, stock record breaksPerform daily and monthly regulatory reportsSupervise our London US business to ensure all client receives and deliveries are actioned daily and ensure they are posted correctly in Global OneEnsure open positions are fully collateralized and all issues are followed up and resolvedCreated written daily procedures and checklist to ensure that all functions are performed dailyMonitor London's US receives and deliveries to make sure stock is borrowed for themOversee the daily operations of Domestic Securities Lending including mark to markets, recall, rate changes, returns and balancingEnsure the firm is balanced at the end of the dayPrepare daily profit and loss reports for the traders Assist head traders with trade problems and follow up with the counterpartiesCoordinate with the cage to make sure important issues are borrowed forPerform various write offs for the businessManage an Offshore Team to ensure all processes are accurately completedMoved our London business off of Loanet onto Global OneSignoff on our SOX requirements and provide documentation for our FINRA audits

Confirmed new trades and settlements and mark to markets with counterpartiesTracked the firm's treasury and pledge positions' monetary exposureChanged trade prices, rates and instructions.Contacted counterparties concerning monetary, pending and failed tradesCreated and distributed daily prepay and pending borrow return report to monitor the firm's cash flowBalanced debits, credit, prepays and settlements

Assisted in monitoring the firms daily cash positionsContacted counterparties about various discrepancies including monetary, pending and failed tradesExecuted daily marks to market with counterparties and release them through DTCConfirmed daily prepays and settlements with brokers

Input traders' daily tickets into Global One systemInvestigated and reconciled various discrepancies with counterparties such as monetary, pending and failed tradesPrepared returns that were called in and those to be called in

Managed $2 billion overnight Eurodollar and Fed Fund position, in addition to short date and term trading for the bank and its branchesTrained on Interest Rate Swaps, Eurodollar Futures desksExecuted trades on Reuters Dealing 2000 SystemBuilt customer balance of $1.5 billion by aggressively contacting Fortune 500 companiesCalled corporate customers to give them daily investment rates and answer any questions they may havePrepared daily profit and loss reports for the traders and customer accountsParticipated in creation of new Profit Loss Position programs on Excel that contributed to desk profit of $3 millionInterfaced with various departments quoting CD, BA, loan and time deposit ratesKept track of the bank's liquidity position going forward out to one year