Nick Brewer Email & Phone Number

Charlotte, North Carolina, United States

Counterparty Credit Capital

Charlotte Metro

Market Risk Capital

Charlotte, North Carolina, United States

Counterparty Credit CCAR

Monitor mortgage subservicers to ensure compliance with contract terms, industry servicing standards and federal and state guidelines. Implement the appropriate internal controls to mitigate risks related to vendor relationships with Third Party Servicers. Performed risk assessments on Third Party Servicers to validate compliance with the National Mortgage Settlement (NMS). Documented risk findings and presented to senior management. Managed quarterly Risk and Control Self-Assessment process and presented findings to senior level management.

Responsible for daily P&L and Risk validation for the Corporate Investments proprietary trading portfolio and hedging portfolio for mortgage servicing rights. Created P&L and Risk reports for a wide variety of financial instruments including: interest rate derivatives, fixed income, credit products, mortgage products, and equities. Produced a daily P&L explain for the proprietary trading portfolio to management and business partners. Presented and prepared monthly P&L and Risk summary to senior management. Team lead in assisting accounting & control group reconcile between reported P&L vs. general ledger P&L. Assisted business partners within the front and back office as well as finance and technology for process enhancement.

Responsible for providing support services to the front office including trade capture for a wide variety of financial instruments. Performed daily transaction and position reconciliations between front office and middle office sub-systems. Liaison between the trading desk, middle office and back office teams. Resolved trader, finance, payments and counterparty queries. Continued to develop and improve the existing infrastructure through system testing and project management.

Responsible for supporting derivatives trading desk for the finance organization. Ensured trading strategies for interest rate swaps, swaptions, caps/floors, and Eurodollar futures were in compliance with FAS 133. Involved detailed regression analysis to prove hedge effectiveness. Developed accounting and reporting framework around new products used to mitigate risk on the bank’s balance sheet. Quantified, explained, and conveyed hedge activity MTD and YTD. Tracked derivative P&L by product and explained results based on yield curve and FX moves over reporting period.

Mba

Education record