Michael Burg

Michael Burg Email and Phone Number

Vice President- Derivative Product Management at State Street @ ISITC
Pittsburgh, PA, US
Michael Burg's Location
Pittsburgh, Pennsylvania, United States, United States
About Michael Burg

I am currently a Derivative Product Manager in State Streets Asset Servicing Global Product Division. I joined State Street in December of 2014. As a Product Manager I am responsible for driving the definition and build of a robust technology and service offering for end-to-end derivative process across the State Street enterprise. I am also responsible for regulatory and industry awareness in derivatives. Prior to joining State Street I was a Vice President with Bank of New York Mellon’s Derivative 360 (D360) Business Unit. I worked as a Senior Derivative Product Specialist with responsibilities for the sales support and new business implementation of various D360 clients to the BNY Mellon service model. I was also responsible for product expansion and industry awareness with regards to derivatives for BNY Mellon. I am currently an Executive Board Member at ISITC and executive sponsor for the Derivatives and Marketing Groups. He is also a member of ISDA Symbology Governance Committee, ISDA CDM Executive Committee, and the ANNA DSB Product Committee.I began my career at Mellon in the Derivative Operations Group in 1997. I spent a year and a half with Citigroup’s WWSS (World Wide Securities Services) group in their global fund accounting group, before returning back to Mellon’s Derivative Services Group where I held various senior management roles. I received my Bachelor’s degree in accounting and finance from St. Vincent College, Latrobe in 1997 and his MBA from the University of Phoenix in 2001.Specialties: OTC and Exchange traded derivatives

Michael Burg's Current Company Details
ISITC

Isitc

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Vice President- Derivative Product Management at State Street
Pittsburgh, PA, US
Website:
isitc.org
Employees:
15
Michael Burg Work Experience Details
  • Isitc
    Isitc
    Pittsburgh, Pa, Us
  • Isitc
    2Nd Vice Chair
    Isitc Jan 2024 - Present
    Bridgewater Township, New Jersey, Us
  • State Street
    Vice President- Derivative Product Management
    State Street Dec 2014 - Present
    Boston, Massachusetts, Us
  • Bny Mellon
    Vice President- Derivatives 360 Senior Product Specialist
    Bny Mellon Apr 2011 - Nov 2014
    New York, Ny, Us
    I am currently a Vice President and Derivative Product manager at State Street Bank effective December 2014.Prior to that I was a Vice President with Bank of New York Mellon’s Derivative 360 (D360) Business Unit. I worked as a Senior Derivative Product Specialist with current responsibilities for the sales support and new business implementation of various D360 clients to the BNY Mellon service model for Collateral Management, Derivative Middle Office Support, OTC Confirmation/Affirmation, and reconciliation service offerings. I am also responsible for product expansion and industry awareness with regards to derivatives for BNY Mellon. I am the current co-chair for the ISITC Working Group and a member of the SWIFTNet FpML CUG, SIFMA Collateral Management group, ISDA FpML IM/Custodian Forum, and SIFMA Derivative Operations group.
  • Bny Mellon
    Vice President, Derivative Middle Office
    Bny Mellon May 2009 - Apr 2011
    New York, Ny, Us
    Manager of US Middle Office Servcies responsible for OTC portfolio recon, confirm/affirm, collateral management, and life cycle mgt. Start up department responsible for client facing staff for large outsourcing collateral management and portfolio reconciliation clientResponsible for all aspects of internal and external workflows for derivative servicesDesigned all workflows and worked directly with client on operating guidelines and service level description for day-to-day activitiesWorked with senior operation managers and Global Product to help design overall operational and technology model design for Derivative360 outsourcing Represent BNY Mellon by speaking at various industry conferences about Derivatives (ISITC, SOFOURM, SIFMA, Financial Technologies Forum)
  • Bny Mellon
    Assistant Vice President, Derivative Project Manager
    Bny Mellon Jan 2007 - May 2009
    New York, Ny, Us
    Scope, design, test, and implement various derivative projects across Securities ProcessingProject lead for the SWIFT FpML/CUG for Securities ProcessingAssisted with the design and vendor search for the Mellon GSS OTC valuation productCoordinated testing, issue escalation, and system enhancements for various work streams associated with the implementation of Hedge Fund Administration business into the Mellon systems model (System enhancements for derivatives, trade capture, reporting enhancements)Operations leader and SME for all Global Product Derivative Initiatives (ETD and OTC core system design, reporting enhancements, and the scope/design of new .NET application for futures reconcilement and trade processing)Represent BNY Mellon by speaking at various industry conferences about Derivatives (ISITC, SOFURM, SIFMA, Financial Technologies Forum)
  • Bny Mellon
    Assistant Officer And Officer
    Bny Mellon Jan 2005 - Jan 2006
    New York, Ny, Us
    Test all derivative functionality on the Eagle Star platformLog all derivative issues with the GSS Eagle Help DeskProvide detailed analysis and suggest system enhancements for the Eagle platformAssist with RFP's and new client presentationsWorked as part of a team to develop a means for Mellon to independently value and manage collateral holdings and requirements for OTC derivatives of existing clients and new Mellon GSS clientsRun and review daily ad-hoc control reports in order to improve and educate staffConduct internal spot audits, report findings, and make recommendationsComplete custom reconciliation's as neededAssist in the training and managing of the staff and make organizational suggestions as needed
  • Citibank, 3800 Citibank Center
    Trust Accountant
    Citibank, 3800 Citibank Center Oct 1998 - Dec 1999
    Prepare and render monthly Net Asset Valuation of Global Custody reportsCompleted daily, weekly, and monthly audits of client portfolio valuations inclusive of cash and asset verification, interest accruals, corporate actions, and dividends for XXX billions of dollars in assetsResearch and resolution of all variances and inquiries from investment advisors and/or clients including dividends and corporate actionsAdhere to accounting regulations and procedures to ensure accuracy

Michael Burg Skills

Derivatives Middle Office Securities Fixed Income Financial Services Equities Corporate Actions Collateral Management Back Office Asset Management Fund Accounting Portfolio Management Global Custody Mutual Funds Swift Payments Account Reconciliation Sdlc Isda Valuation Settlement Fund Administration Risk Management Interest Rate Derivatives Hedge Funds Back Office Operations Swift Management Bloomberg Custody Reconciliation Alternative Investments Investments

Michael Burg Education Details

  • University Of Phoenix
    University Of Phoenix
    Accounting
  • Saint Vincent College
    Saint Vincent College
    Accounting Finance
  • Baldwin High
    Baldwin High

Frequently Asked Questions about Michael Burg

What company does Michael Burg work for?

Michael Burg works for Isitc

What is Michael Burg's role at the current company?

Michael Burg's current role is Vice President- Derivative Product Management at State Street.

What is Michael Burg's email address?

Michael Burg's email address is bu****@****ail.com

What schools did Michael Burg attend?

Michael Burg attended University Of Phoenix, Saint Vincent College, Baldwin High.

What skills is Michael Burg known for?

Michael Burg has skills like Derivatives, Middle Office, Securities, Fixed Income, Financial Services, Equities, Corporate Actions, Collateral Management, Back Office, Asset Management, Fund Accounting, Portfolio Management.

Who are Michael Burg's colleagues?

Michael Burg's colleagues are Steven Gale, Aundrea Jarvis, Charles Mottinger, Alec Habicht.

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