Edwin Donald Email & Phone Number

London, Gb

Boston, Massachusetts, Us

Newark, Nj

New York, Ny, Us

 Responsible for compilation and analysis of expenses and usage of financial information services i.e. Bloomberg, Reuters, NYSE, NSDAQ, and others (300 vendors).  Prepared reports for portfolio managers to provide detailed information on market data usage, budgets, variances, charge-back issues and inventory concerns.  Led a diverse team of five finance personnel to support the vendor services utilized globally by the firm.  Managed an annual budget of $164 million in global spend. Generated ad-hoc reports for internal clients that highlighted specific expenses.  Created monthly exchange reports for vendors that detailed usage which was used for billing purposes. Supported colleagues with responsibility for vendor contracts and SLA’s and service addendums.Accomplishments: Reduced exchange usage expenses by up to $20,000 per month by utilizing net exchange across various platforms (MISU). Lowered expenses by using soft dollar commissions to pay for market data services. Improved the efficiency in delivery of market data cost reports by making it available on the dashboard which resided on the company intranet.  Reconciled and processed up to 600 invoices per month in an accurate, timely and efficient manner.

New York, New York, Us

 Managed more than 20 relationships with vendors impacting more than 600 accounts with an annual global spend of $100 million. Implemented strategic business analytics and financial oversight of market data into business processes.  Communicated effectively with market data analysts, business analysts and senior managers.  Collaborated with financial controllers and business clients to explain variances and report monthly accruals and journal entries. Administered and reconciled monthly market data chargebacks. Analyzed price impacts based on inventory changes. Reviewed vendor contracts to ensure adherence with compliance requirement. Prepared MDS budgets for U.S. business groups. Accomplishments: Reduced expenses by identifying billing errors during review process.

Zurich, Ch

 Accountable for productivity, career development, and evaluation of five staff members. Ensured practices adhered to Market Data Policies. Prepared financial expense reports for senior management; identified areas for savings. Reviewed charge back statistics of Market Data services prepared by staff for business units. Prepared market data budget for business units. Developed and maintained relationships with vendors to ensure efficient delivery of service. Implemented new FITs inventory system. Attended meetings as required, with Trade Floor Analysts and Business Unit Administrators, to discuss their group costs and determine ways to establish cost savings. Negotiated Market Data Contracts with vendors in conjunction with a global team. Ordered new services and cancellations.

Managed and developed a staff of five. Responsible for accuracy of monthly Market Data Communications expense allocations and billing reconciliation (avg. $6M per month). Designed and implemented expense allocations. Maintained monthly financial reports, which included balance sheet and P/L trend analyses. Performed vendor analysis and audits to reduce firm’s financial exposure by identifying potential cost savings/avoidance initiatives. Extensive interaction with vendor account managers. Developed departmental training/ procedures manuals. Reviewed, analyzed and reconciled monthly invoices from various vendors (Bloomberg, Reuters, New York Stock Exchange, American Stock Exchange, Nasdaq, Bridge, etc.). Assisted in the development and implementation of new inventory tracking methodology in the MONIES system for $1M account.