SUMMARYExtensive experience and leadership-driving performance and profitability through trading and risk management precision. Proven multi commodity asset risk management driven by a diversified derivative and physical commodity background. Consistent record of exceeding corporate objectives and personal goals.KEY ACCOMPLISHMENTS• Directed all trading and risk management activities of a fully-integrated;• Financial market-making desk in agricultural and energy commodities• Power assets desk covering PJM, NYISO, and Cinergy and correlated fuel commodities• OTC and exchange-traded structured products origination desk• Created dairy and pork feed hedges marketed through international broker INTL Hencorp, Inc. and used by the Mexican Government• Developed commodity hedging programs for clients including the Mexican Government, Tyson Foods, Watson Fuels, etc. • Consistently profitable independent trading in energy, agriculture, and fixed income products and derivatives (as measured in terms of multiples of Value at Risk).• Strategically designed, deployed, and managed successful risk and trading models:• Arbitrage of crude and by products• Risk management design for large producer, consumer, and government commodity exposure• Low-latency algorithmic arbitrage systems for energy, agriculture, and fixed income products• Senior Risk Manager for Household International• Managed $900 MM foreign exchange risk using currency cash, futures, swaps, and options• Asset manager of $200 MM “Held-For-Sale” portfolio• Hedging of mortgage pipeline• Instrumental in the founding and development of Kingstree Trading, LLC energy trading division which grew from startup to;• $12 MM in annual profits by third year and 5-10% of daily NYMEX natural gas volume• Corporate pension fund management experience including strategic management of pooled employee pension fund exceeding $200 MM in AUM.• Commerce Bank Economist for Trust Investment Division
Site Pro Llc
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Site SupervisorSite Pro Llc Aug 2020 - PresentNashville Metropolitan AreaResidential and Commercial Land Development Turn key operation from Raw land to final delivery of building sitesEncompassing all aspects of development Heavy Equipment, Utilities, Grading etc
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Senior Risk ManagerPowerline Petroleum Llc-Cherokee Bay Management, Llc Sep 2010 - Aug 2020* Extensive financial and physical hedging and marketing of agri commodities (Corn, Rice, Soy, Wheat) • Development and trading of algorithmic models in equities, fixed income, energy, and agri commodities* Risk Management consulting and implementation for large agricultural, trucking, and fuel distributors• Management of cross-commodity risk production in agriculture and energies(diesel fuel, natural gas, propane)
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Director/Trading And Risk ManagementKingstree Trading, Llc 2003 - 2011Greater Chicago Area2003-2007, 2010-2011• Created natural gas arbitrage group which transacted 10-15% of daily NYMEX and ICE prompt volume• Extensive trading of equities, agricultural products, crude and by products• Design and trade volatility-based and yield curve arbitrage models in domestic fixed income markets
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Managing Director/Trading And Risk ManagementNorthwind Resources, Llc/ Rj Obrien 2007 - 2009Greater Chicago Area• Managed all proprietary energy, agriculture, and fixed income trading teams in Chicago, Kansas City, and Ann Arbor• Designed and presented commodity hedging solutions to the firm’s government and corporate clients• Development and sales of Agricultural and energy risk solutions for key corporate commercial customers• Developed business initiatives, new strategy, and new trader development and training
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Senior Asset Manager-Mid-Continent And Eastern United StatesReliant Energy, Inc. 2002 - 2003Houston, Texas Area• Set, refined and directed all strategy to optimize the firm’s Mid-Continent and East region power assets• Traded, hedged, and risk-managed PJM, NYSO, and Cinergy assets, associated fuel (gas & oil) requirements, basis, and derivatives.• Developed portfolio/volatility management models critical to asset origination
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Senior Trader Asset ManagerWilliams Energy Marketing And Trading, Inc 2000 - 2002Tulsa, Oklahoma Area• Management and trading of Mid-Continent regional market assets and strategic trading of Cinergy and PJM power hubs, heat rates, natural gas, and correlated options• Directly executed risk management protocols set by Senior Risk Management Committee
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Senior Trader/Risk ManagementBear Stearns/Nationsbanc-Crt/Household International/First National Bank Of Chicago 1987 - 2000Greater Chicago Area• Directed budgeting, P & L objectives, strategy execution, and employee performance evaluations• Strategically positioned company assets in markets with superior risk/reward characteristics using $500,000 daily average Value at Risk• Managed $1.1 billion portfolio of foreign exchange exposure using cash futures, swaps, and options• Chosen to manage bank’s $200,000,000 “Held-For-Sale” Portfolio• Designed long-term foreign exchange risk management and statistical arbitrage strategies in foreign and domestic fixed income markets• Active hedging of mortgage pipeline through use of derivative structures* Commerce Bank Of Kansas City Trust Division Economist
Michael Irelan Skills
Michael Irelan Education Details
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Texas Christian UniversityFinanace -
University Of Missouri-St. LouisFinance, General
Frequently Asked Questions about Michael Irelan
What company does Michael Irelan work for?
Michael Irelan works for Site Pro Llc
What is Michael Irelan's role at the current company?
Michael Irelan's current role is Trader Risk Management - Commodities and Financial Risk.
What schools did Michael Irelan attend?
Michael Irelan attended Texas Christian University, University Of Missouri-St. Louis.
What skills is Michael Irelan known for?
Michael Irelan has skills like Derivatives, Options, Portfolio Management, Financial Analysis, Trading, Financial Modeling, Capital Markets, Fixed Income, Equities, Risk Management, Bloomberg, Investment Banking.
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