Erick Carr Email & Phone Number

Charlotte, North Carolina, Us

•Assisted with the buildout of the Investments Operations middle office platform from the ground up. Inclusive of the on-boarding of third-party asset and collateral partners, custodians, as well as data and technology integrations required to support the derivative trading desk. •Manage trade life cycle events for all OTC and cleared derivative trades. Inclusive of credit default swaps, total return swaps, cross currency swaps, equity options, bond forwards, swaptions and vanilla swaps. •Serve as a mentor to junior staff by leading cross-training initiatives inclusive of procedure guidelines. •Develop strategic data and technology integrations to assist with the onboarding of new partners.•Act as primary point of contact regarding all collateral related matters inclusive of OTC, FHLB, State deposits, reinsurance and FCM. •Promptly manage partner requests in a fast-paced deadline driven environment.•Develop key risk indicators and month end metrics for use in Senior management reporting.

San Francisco, California, Us

•Resolve margin disputes by reconciling trade breaks, initial margin and MTM differences by analyzing underlying trade positions and pricing methodologies used across broad range of OTC derivative products including IR swaps, CDS, equity options, cross currency swaps, and FX forwards. •Manage daily margin process through the execution of margin calls and settlement of cash and eligible securities. •Assisted with the testing and implementation of Colline collateral management system which improved controls and management reporting metrics.•Monitor client agreements by reconciling collateral positions, returning excess collateral, and updating client details inclusive of contact demographics and settlement instructions.•Work with internal teams including risk, front office, operations, settlements, and various OTC middle office teams to resolve collateral call disputes and settlement fails.•Act as central point of contact for all clearing related tasks inclusive of processing intraday calls and position reconciliations between the firm and LCH, CME, and ICE.

Zurich, Ch

•Provide guidance, training, and motivation to a diverse four member product control team responsible for producing daily PnL analysis and month end price testing impacts.•Responsible for establishing staff performance goals that are consistent with company and department objectives.•Review and evaluate staff performance, provide constructive feedback, and implement disciplinary actions when necessary.•Responsible for driving results through the evaluation, planning, and execution of department specific processes and initiatives. •Oversaw the in-sourcing and outsourcing of several functions during a complex reorganization period which reduced costs and increased productivity.•Ensure the timely and transparent communication of daily PnL drivers including attributions, market changes and new trading activity.•Report daily and weekly PnL performance along with detailed Greek analysis for multiple products including convertible bonds, ETF’s, futures, options, equities, and swaps.•Develop processes, procedures, and workflows to improve operational effectiveness.

New York, New York, Us

•Assisted with the improvement of client service ranking by becoming the single point of contact for several high priority clients.•Liaised with brokers and custodians to resolve trade breaks, following through to completion and escalating to front office when necessary.•Successfully managed both paper and electronic trade confirmation process. •Proactively identified opportunities to improve inefficiencies and minimize risks. •Actively participated in the testing of new systems via UAT environments.•Resolved MarkitWire discrepancies with clients which ensured the confirmation of trade economic details within Dodd Frank guidelines. •Acted as support for several OTC derivative trading and sales desks resolving confirmation disputes, trade economic discrepancies, client on-boarding requests and system functionality issues.•Awarded February 2015 Middle Office Employee of the month for outstanding team work.

New York, New York, Us

•Served as a client liaison to escalate and resolve disputes through reconciling trade breaks, initial margin, and MTM differences.•Worked closely with front office, technology and risk to resolve client inquiries and reconciliation exceptions.•Ensured daily margin settlements were processed and met in a timely manner.•Generated various reports including client collateral position valuations and margin breaks.•Created reports and provided data to counter-parties regarding margin calls, pair offs, TBA settlement periods, exposure and risk limits. •Researched client inquiries involving unknown trades and escalated to repo sales desk where applicable.•Initiated process improvements and cost saving initiatives that contributed to the improvement of the departments overall performance

New York, New York, Us

•Provided support to four member trading team, including booking trades and preparing profit and loss analysis. •Implemented internal monitoring system to track TRACE violations which resulted in the reduction of total violations reported to FINRA.•Resolved aged fails by interacting with trading desk, back office and international settlements team. •Coordinated buy-in intents and executions between back office and various counter-parties as needed. •Researched and resolved unmatched trade discrepancies between Emerging Market desk and various contra brokers prior to settlement which greatly reduced fails and settlement errors. •Investigated and resolved sales credit discrepancies relating to private bank trading activity.

Raleigh, Nc, Us

•Assisted with conversion of Banks asset portfolio from Paragon to Intrader system which greatly improved the production of management reports.•Resolved trade discrepancies with various brokers.•Researched and resolved principal and interest discrepancies relating to banks $7.1 billion fixed income portfolio.•Monitored banks repurchase agreements by substituting collateral, processing interest payments and meeting margin calls. •Managed collateral positions for banks municipal and public depositors.•Verified Moody’s and S&P ratings on fixed income portfolio versus Bloomberg data.•Reconciled custodial accounts on a monthly basis, including positions held at the Fed and the FHLB of Atlanta.•Responded to client requests regarding trade settlement details, cash wires, DTC confirmations and delivery instructions.•Organized the setup of new accounts by obtaining client financials, legal information and settlement instructions. •Received 2010 and 2011 RBC Bank (USA) Performance Gold Award nomination.•Awarded 2009 RBC Bank (USA) Performance Leo’s Pride teamwork award.

London, Gb

•Assisted with month end close and financial reporting in accordance with U.S. GAAP. •Maintained integrity of general ledger system by reconciling out of balances and preparing journal entries.•Filed various regulatory reports with the Federal Reserve Bank of New York including weekly FR2900 and monthly TIC report.

M.B.A, Finance

B.S, Accounting