James Trait Email & Phone Number

Nashua, Nh, Us

Greater Boston Area

Recruited to provide accounting oversight for Putnam retail products and critical lead corporate action operations escalation for investment team.

Boston, Massachusetts, United States

Recruited to provide corporate action event processing within strong growth, fixed income organization of $400B FI assets. Selected to provide lead escalation expertise to Legal, Compliance and Portfolio Management teams.

Boston, Massachusetts, United States

Selected by State Street Bank via acquisition of Putnum Custody Group to lead and manage corporate action event processing team of nine professionals responsible for the oversight of corporate action activity for client holding of $165B in assets under management spanning 290 portfolios.

Boston, Massachusetts, United States

Gained broad leadership and management experience through repeated promotional recognition in the management of corporation action oversight teams responsible for processing of actions within retail, trust and institutional portfolios.

-Co-managed a staff of 8 full-time Corporate Actions Analysts and ensure team members are cross-trained. -Communicated employee standards through training, performance appraisals and on-going feedback sessions.-Managed timely processing of all mandatory & voluntary actions occurring within Retail, Trust and Institutional portfolios.-Coordinated with Investment Team to obtain desired investment decisions and distribute elections to custodians.-Facilitated timely resolution of all Pricing/Trading/Accounting issues related to daily corporate actions processing.-Worked closely with ISD with writing business specifications for building an automated Corporate Actions Repository.-Addressed relevant service issues with sub-custodian banks in monthly operations meetings.

-Supervised efforts of 6 full-time Reconcilement Specialists and ensured all members are cross-trained.-Managed daily Trading System reconcilement process that ensures the accuracy of Accounting and Trading positions.-Served as a departmental representative for Trading systems conversion.-Developed and implemented operational procedures to streamline processes and ensure workflow integrity.-Managed weekly position and income reconcilement process for all Putnam Retail funds and Trusts.-Ensured completion of monthly Custody fund audits, 17F2 audits and internal SAS 70 audit.

-Acted as liaison between Portfolio Accounting and Custodian Bank to resolve variances.-Completed monthly custody audit packages for respective auditing firms and fielded all follow up questions. -Coordinated communication between Trading, Legal & broker’s to settle private placement transactions.-Ensured all income, position and trade records were consistent with custodian bank records.

-Worked with brokers and custodians daily on the confirmation and settlement of all domestic trade.