Peter Russo Email & Phone Number

West Des Moines, Iowa, United States

• Collaborate with Portfolio Management, Derivative Trading, Risk, IT, and Investment Accounting to anticipate and provide solutions arising from a dynamic business environment for diverse operational efficiencies.
• Develop product oversight and stories for various new and existing projects, programs, and initiatives.
• Utilize PAM, Markitwire, Acadia, and FIS-Apex software solutions in daily responsibilities
• Worked closely with Scrum Master, BSA, and IT professionals to complete production issues for more effective Derivative Operations.
• Improved operation processes by applying system knowledge, leading to reduced risk.
• Present policies and controls to senior management to avoid effects on risk and reputation.

Greater Salt Lake City Area

• Assign to the Undergraduate and Graduate School of Business for a competency-based institution. Review assessment submissions in an objective manner to determine if competency has been demonstrated.
• Grade submissions via guidelines set for competency, while writing comments with recommendations for submission improvements.
• Evaluate submission in Business Leadership, and Financial Analysis

Greater Boston Area

• Develop policies and procedures for Global Treasury Operations. Responsibilities include developing operational procedures for new products and documentation.
• Wrote the operational policies and controls for derivative trading, Brazilian office operations, and FDIC Broker Deposit program with successful implementation.
• Develop controls and procedures for the LIBOR to SOFR transition.
• Monitored the fixed income and reconciliation operations for the Brazilian office resulting in an error decrease.
• Managed the cash operations for the $9B FDIC Broker Deposit program for LCR.
• Educated middle office staff on the trading and operational process for investment instruments.

Providence, Rhode Island Area

• Oversaw a ten-person team overseeing the collateral operations and settlement. Responsibilities include collateral risk, cash and security management, regulatory reporting, derivative valuations, and accounting..
• Updated the computerized accounting systems for efficient control of collateral movements.
• Wrote the policies and procedures for daily monitoring of derivative collateral for Citizens Financial Group.
• Managed the trade authorization (Markit), input, and compliance.
• Educated staff on accounting for FIN39 reporting and hedge accounting for accurate result reporting.
• Developed a more effective and efficient time frame for finalizing the daily collateral process using Pivot tables.

Greater Detroit Area

• Initiate and develop the operational and accounting process for derivative instruments, include writing a white paper on the policies and procedures. Oversee the process for trading, settling and reporting of.
• Developed policies and procedures for trading, settling and reporting derivative instruments
• Wrote trading policy for pricing, foreign exchange, risk management and collateral management of derivative instruments
• Wrote the procedures for reporting P/L results under GAAP, tax and regulatory guidelines.
• Oversee the daily and monthly performance reporting to senior management and PMs.
• Manage a staff of three senior and junior analysts handling settlement and accounting reporting.

Greater New York City Area

• Fund startup company, an emerging markets, fixed income, and equity hedge fund firm trading OTC derivatives, sovereign and corporate bonds, FX, credit default swaps, and equities and options.
• Directed a staff of five analysts.
• Oversaw trading, compliance, and risk management areas for a domestic and international fund.
• Created computerized profit and loss, risk, and portfolio analysis reports successfully reconciled to the administrator, investor, and prime broker reports.
• Confirmed that trades were booked and properly placed into a computerized profit and loss system (Bloomberg Order Management system).
• Develop client stewardship for daily interaction with counterparties and prime broker.

Master Of Business Administration - Mba, Finance, General

Bachelor Of Science - Bs, Business Economics