Michael Parker Email & Phone Number

New York, NY, US

• I am currently responsible for all aspects of International Settlements (Euroclear, CEDEL, etc…), via BNP and Shadow. I Manage all Cash Reconciliations for the various Depositories and Clearing Bank (FICC, DTC, CNS &.
• Reconciling Cash and Position breaks for the UK office. Working directly with the team in London reconciling various currencies to the UK’s books and records. Resolving all cash and position breaks, with their Clearing.
• Working with Management to test a new automated reconciliation system before going live.

London, GB

• Responsible for Fixed Income Triparty allocations (Treasuries, Mortgages and Corporates), utilizing the Bank of New York Access Edge system and Impact.
• Assisted the Settlements team, when necessary, in the clearance of all Fixed Income products, utilizing the Bank of New York BDC clearance system and Impact.
• Monitored the netting of Treasury and Mortgage Backed Security GCF trades via FICC.
• Posted and monitored Initial Margins in the various Depositories and Custodians (Euroclear, Clearstream, the Bank of New York and JPMorgan Chase. Ensured all postings were matched by the counterparty and reported any.
• Responsible for managing the intra-day and end of day cash funding for all of Fixed Income Settlements.

Jersey City, NJ, US

• Responsible for processing Mortgage backed and Treasury securities via the Bank of New York BDC and JP Morgan Chase BDAS clearance systems.
• Oversaw the settlement of Repo obligations - including Repo Substitutions, GCF Repos, blind broker fails and bilateral repo settlement.
• Teamed up with selected colleagues in a project to begin clearing start leg Repos in FICC.
• Responsible for updating and maintaining static data, such as security master file and entity master files
• Handled new client activations, terminations and various account updates - including the Electronic Pool Notification system.
• Monitored daily cash activity including start of day and end of day cash reconciliation reporting, start of day and end of day Funds Only Settlement and Cash Obligation Instruction activity and the submission of the.

• Responsible for the reconciliation of outstanding settlement differences.

• Responsible for the settlement and reconciliation of Government and Mortgage-backed securities.

• Directed four Securities Operations staff members in performing the timely, accurate settlement and reconciliation of all products.
• Performed the Mortgage Backed Securities allocation and settlement process.
• Monitored EPN, MQ traffic, RTTM activity, and stayed apprised of SIFMA “Good Delivery Guidelines”.
• Responsible for monthly invoicing and receivable collection, clearing agent billing allocation, volume statistics reporting, and revenue analysis.
• Managed new prime broker business.
• Processed and reconciled stock borrows and loans through Sungard’s Loanet system.

• Supervised a staff of five in settling and reconciling fixed income products, using Sungard’s Phase 3 System to support the process.
• Prepared stock borrow lists for aged fails over three days.
• Held responsibility for the firm’s cash funding requirements.
• Prepared semi-annual and annual performance evaluations.
• Hired new staff members;

• Managed six fixed income staff members, experienced in all aspects of Fixed Income securities settlements.
• Administered the triparty allocation process.
• Oversaw the payout and receipt of the MBS Repo P & I.
• Reconciled the firm’s cash and assets on a daily basis.
• Communicated extensively with the repo desk regarding the firm’s daily funding requirements.