Michael Steen Email & Phone Number

Minneapolis, MN, US

Maple Grove, Minnesota, United States

United States

• Managed and reported to executive management the status of Balance Sheet foreign exchange risk management programs (exposure to hedge levels, total exposure, forecasted data, hedge performance, cost)
• Performed Value at Risk, efficient frontier, and quarterly forward point cost analysis to optimize hedging cost and coverage
• Served as the liaison between the FX Team and relationship banking facility providing quarterly report cards and annual performance reviews for all hedging programs
• Contributed and facilitated internal/external discussions on status, effectiveness, and result of hedging programs

Fridley, Minnesota

• Manage core foreign currency risk management programs
• Managed the foreign currency exposure collection process (collect, challenge, compile, process, research)
• Analyzed hedge levels, consolidated exposure, collected forecast data, hedge cost, etc
• Proposed (and/or review the proposal of) hedging solutions to meet corporate objectives
• Executed (and/or review the execution of) foreign currency spot, forward, swap, and option trades
• Continually monitored foreign currency markets through internal/external relationships and systemsReporting and Analysis

Fridley, Minnesota

• Assisted Treasury FX Team in foreign currency exposure management processes:
• Collected exposures from global finance business partners
• Analyzed hedge levels, estimated exposures, hedging costs and research potential issues
• Proposed hedging solutions to senior team members
• Executed trades with internal/external partners (under the direction of senior team members)
• Monitored hedge portfolio for upcoming settlements

Processed mutual fund trades (equities, fixed income, derivatives)Calculated timely and accurate NAV’sPerformed timely and accurate resolution of reconciliation issuesEnsured security pricing on a daily basisResearched internal and external audit discrepanciesWorked in a Lead role in the department processing, reconciling, and pricing complex.

Minneapolis, Minnesota

Prepared timely and accurate Net Assets Values, yields, distributions, and other fund accounting output for subsequent reviewRecorded accurately, and in accordance with the Department policies and procedures, such accounting records as securities positions, corporate actions related, and journal entriesReconciled various accounts and reviewed.

Minneapolis, Minnesota

Provided work direction for the statement specialist team.Organized approximately 1.2 billion dollars in weekly monetary ACH transfers.Specialized experience in: Stop payments, ACH transfers, Tax Payments, Outgoing/Incoming wires, cancellation of pending trades through SEI, asset pricing, and abandoned property.Served as a committee member for the “Goal.

Bachelor’S Degree, Accounting And Finance

Master Of Business Administration - Mba