Michael Kenner Email & Phone Number

New York, Ny, Us

New York, New York, Us

● Initiate and execute daily buy-ins based on regulatory requirements.● Monitor aged fail to deliver and receives, working to resolve DK’d trades.● Ensure proper coverage aligned on all trades, avoiding execution from contras.● Confirming instructions on unmatched/pending international market trades.● Monitor and action on REG SHO 204 trades.

New York, New York, Us

Perform daily Settlement, Contract Comparison, Mark to Market, OCC, Corporate Action (spin-off, name change, full call, dividend, etc. adjustments) and SLRM functions.● Monitor and book all unmatched new borrow exceptions, advising the Sales team of any large discrepancy.● Ensure all borrow returns are called into contras before cut-off.● Return all open borrow contract with excess reducing daily exposure.● Monitor all financed need back trades advising sales team of non receipt. Rate changing all fail to receive need backs.● Review incoming and outgoing RAD screen to ensure trades are approved or cancelled accordingly.● Ensure all DTC activity is completed and balanced versus Loanet (End of Day balancing).

Zurich, Ch

· Monitored all Non-Cash and Letter of Credit trades to ensure proper exposure was maintained.· Reviewed, updated and post of Mark to Markets in Loanet, and ensured all marks transmitted to contras via DTC.· Ensured Call and Hold returns from Sales desk actioned in timely manner.· Received incoming return phone calls from contras before cutoff.· Monitored and conformed incoming marks and reclaimed any erroneous marks before cut-off. · Performed end of day Loanet, DTC and ADP reconciliation ensuring overall balance.· Submitted daily exposure (Fully Paid and Letter of Credit) report to Sales team and Management.· Monitored DRAD screen in DTC.· Submitted EOD Fed Fund payment to Government Clearance group to settle U.S.Treasury activity.· Collected interest payment on U.S.Treasury positions held past record date.· Researched and resolved cash and security breaks in a timely matter.· Point of contact for Sales, Repo desk and contra-parties regarding trade issues or problem resolutions.· Reconciled all aged (Loanet, ADP) suspense account differences.· Wrote procedural documents for functions within the group.· Provided support and training for offshore team.