Jacob Bakst Email & Phone Number

Washington D.C. Metro Area

Washington D.C. Metro Area

• Manage relations on behalf of Trade Credit Insurance Division of the Small Business Group with U.S. exporters through analysis of their multi-buyer policy transactions and recommendation of actions regarding ExIm Bank.
• Evaluate exporter's ability to perform under the terms of the contract through credit and financial analyses (both US and foreign financials) which further determine credit limits, policy pricing, reasonable assurance.
• Ensure compliance with Bank and divisional case procedures though cash flow and sensitivity analysis, assessment of mitigants and security structure, legal and intercreditor issues, and government support packages
• Underwrite all transactions associated with export credit insurance policies, including policy quotes, amendments and renewals, buyer approvals, amendments and renewals
• Actively monitor industry and country developments as they relate to an individual borrowers' operating environment, such as currency movements, political and sector developments, and privatization and deregulation.

San Francisco Bay Area

• Communicated with central banks and correspondent banks such as Central Bank of Chile and Central Bank of Turkey in regards to pricing and execution of currency deposits ranging between USD 1 million and 2 billion and.
• Maintained and managed a profitable book at over 107% of budget by taking positions in the FX market through technical analysis
• Minimized FX exposure risk of team members and customers by handling and executing orders via order book and phone
• Quoted currency prices to over 100 sales team members as well as other traders
• Funded 7 currency accounts through contact with nostro banks in order to keep proper balances

San Francisco Bay Area

• Managed multiple currency accounts to ensure items will clear within a timely manner to minimize all risks
• Liaised between advisors and corresponding banks in order to properly handle inquiries to both incoming and outgoing payments and instances of payment delays or non-execution

Greater New York City Area

• Managed and maintained 3 U.S. and Foreign trading systems across various platforms for the Trading Team Strategic Planning Section
• Responsibility for organizing daily customer orders and assist with the executions of those orders through communicating with intermediaries in London, Tokyo and Sydney
• Prepared in average over 150 trade tickets, checked positions and performance reports daily in support of 8 traders
• Provided support for management on special projects such as creating and maintain various databases
• Compiled and organized data for reporting and researching purposes using subscribed market information systems such as Bloomberg and Telerate Plus
• Cooperated with Operations and Treasury Administration Departments, to research and resolve any problems that may arise with daily trading activities.

Mba In Global Management, Finance And Risk Management

Activities and Societies: Member of the Thunderbird Finance Association Member of the Thunderbird Soccer Team Member of the Thunderbird.

B.S., Marketing

Activities and Societies: Member of Delta Tau Delta Fraternity