Michael Clemente Email & Phone Number

Freehold Township, NJ, US

• Oversight responsibilities for firm’s SEG deficit regulatory requirements and manage daily through Broadridge Ascendis application.
• Assess daily REG SHO 204 liability and prepare end of day CNS drop reports. Liase with stock loan desk to secure necessary borrows to avoid buyins.
• Submit CNS/Non-CNS intents in DTC SmartTrack. Review FTR/FTD/COR on daily basis and inform clients of any potential buyin threats.
• Confirm real time positions with local agent/custodian, process net downs, partials and full cash swaps.
• Process round robin netdowns with HBEU affiliates on daily basis, this process reduces open fails and tightens funding projections by settling failing transfers with stock loan desk.
• Monitor incoming stock loan returns on RAD, liase with desk for any discrepancies.

New York, New York, US

• Assisted in all aspects of onboarding client UBS onto Broadridge Wealth Management Platform through Project Unicorn initiative.
• Responsibilities include developing and maintaining an accurate forward-to-back blotter bridge mapping from UBS Legacy platform to Broadridge BPS.
• Frequent testing and evidence gathering for blotters across all products to ensure expected results.
• Simulated COAC events in testing environment, processed BK2 entries, and validated batch/entry and trailer codes.
• SME in BPS margin, responsible for nearly all trade entry in testing environment.
• Maintained an ongoing spreadsheet of all B1 coding edits/updates and distributed daily in order to quickly identify any impact to P&S.

London, GB

• Responds to approximately 75-100 queries daily including settlement status (DTC/FED), trade rejects, DTC mismatches, coupon/dividend claims, DRS/DWAC requests, dematerialization, and voluntary/mandatory corporate.
• Facilitates manual third party deliveries in DTC for free of payment/cross-border transfers to international depots including Canada, Germany, and Crest (UK) on a daily basis.
• Maintains daily metrics for aging fails while ensuring commentary for all unsettled trades is current, and follow up with clients for updates.
• Works with Broadridge on security setup and proper maintenance of security data within HSBC database.
• Knowledge of SWIFT format and instruction (MT54X/MT566/MT599)

New York, NY, US

-Provide operational trade support for nearly 100 prime clients. Handle all trade related matters in equity, fixed income, and prime custody including but not limited to prematching, settlements, manual bookings, ETFs, internal/external rebalance, asset transfers, trade file matters, repo terminations and rolls, GSCC breaks, TBAs, stock loan, options.

New York, New York, US

Dedicated client coverage responsible for ensuring timely settlement on trades amongst domestic and all international exchangesDaily responsibilities included constant email/phone communication with both client and trade counterparties to confirm settlement instructions and trade details in effort to prematch trades in the local markets prior to.

Provided dedicated coverage to approximately 10 prime brokerage accounts and assisted those clients on all inquiries pertaining to areas of asset servicing including but not limited to corporate actions and event elections, dividend accruals, foreign tax withholding, proxy, and physical transfer.Responsible for proxy related inquiries for all client.

New York, NY, US

New York, NY, US

Internal client service to all Merrill Lynch branch offices by phone and email on various types of corporate actions such as rights offerings, tenders, redemptions, mergers, full and partial calls, voluntary and mandatory exchanges, and stock splits.

New York, New York, US

In addition to all transfer responsibilities below, handle physical stock transfers for Citigroup's equity prime broker accounts, domestic and foreign (Canada). Work directly hand in hand with Equity Prime Broker Client Services desk to facilitate trades in a timely manner. Experience with warrants (sales and exercising rights), bonds and notes, process.

New York, New York, US

Collaborate with Executive Financial Services, branch, communicate all restricted legal stock transfer requirements to clear trades in a timely and efficient manner to avoid buy-ins. Several processing responsibilities including issuing DWAC requests, receiving certificates into pending, moving certificates to safekeeping, sending to transfer agent.

St. Louis, MO, US

B.A, Business Administration; Management

Education record