Phillip Cooley Email & Phone Number

Chicago, Il

See description under MFGlobal, below.

Chicago, Il

Prepare and submit various daily regulatory reports for SEC, CFTC, FINRA and Exchanges. Assist in preparing 15c3.3 Computation. Assist in maintaining GMI accounting bridge. Balance and make required month end entries for various balance sheet accounts, including exchange, cash margin, carrying broker, customer/non-customer payable. Work with various departments to insure regulatory compliance. Work with internal and external auditors during examinations. Act as backup for LB Consulting fixed income and equity haircut systems.

Assisted firm's Regulatory and Accounting departments in integrating and balancing REFCO business during merger phase.

Performed all CBOT/CME clearing functions for N.Y. based clearing firm, including, but not limited to; Give-in/Give-out, Trade entry, MOS, EFP trades (both as originator and claim) and deliveries. Acted as clients’ Chicago representative to the exchanges. Developed, serviced and maintained outside commercial clients, both domestic and foreign. Provided expert support and service to commercial and institutional accounts. Maintained relationships with large institutional clients’ operations, compliance and banking departments, CTA’s and fund managers. Acted as Commerz Futures registered member at the CBOT.

Chicago, Il

Responsible for all day-to-day clearing, sales management and customer services of bank owned FCM-B/D. Duties included negotiating, establishing and maintaining global relationships with carrying brokers and exchanges, customer account margining, collateral movement, wire transfers, internal and external audits, and hiring, training and motivating a competent workforce. Responsible for monitoring and controlling customer and firm market & F/X exposure. Monitored account and salesman profitability and responsible for preparing departmental budget and control of expenses. Intra-day exchange variation forecasting for control of cash needs. Intermittently responsible for all non-sales functions, other than MIS, including compliance, H/R, Global Trading desk, commission calculations, execution billing (including both receivables and payables), general accounts payable, exchange fees and floor operations. Acting CFO and head of accounting for approximately 1 to 1-½ years. In this capacity, responsible for establishing and maintaining banking relationships, monitoring and controlling banking fees, investment of margin and excess funds, maintaining foreign currency positions and limiting firm’s exposure to market movement. Balance Sheet and Income Statement preparation and review. Salesman and Introducing Broker monthly commission calculations and payroll. Regulatory financial reporting including the 1FR and FOCUS. Acted as point person during audits, including those performed by the CFTC, SEC, NASD, Federal Reserve, NFA, CBOT & CME, external and internal, wire transfers and other fund movements. Oversaw the preparation of daily segregation statements and monthly 1-FR or FOCUS reports. Worked with C.E.O. to improve overall firm profitability, and helped to develop long-term business plans. Assisted in negotiating salesmen employment contracts. Acted as firm’s Registered Option Principle (ROP) for its B/D activities.

Responsible for overall Chicago, New York, Kansas City and London Commodity operations. Acted as GMI Systems supervisor.Special AccomplishmentsGMI Systems Specialist – Responsible for the overall operation, maintenance and upgrade/enhancement of the GMI commodities bookkeeping system. This included commission, fee, address and general table generation and maintenance, exchange and regulatory reporting and maintenance, trade entry, exchange data transmissions, tax reporting and 1099 generation, daily and monthly customer statement and CAS design and generation, statement and other report transmissions, report generation for various internal uses, IBM Query generation and data table generation and downloads, daily, monthly, quarter and year end processing, system patches and semi annual GMI system upgrades

Chicao, Il

Managed Commodity accounting department. Responsible for daily point balance, monthly commodity department entries for the FOCUS, daily and month-end accounting entries, Accounts receivables and payables, regulatory audits both internal and external, balance sheet reconciliation, Salesmen commissions and profitability analysis.

Responsible for daily back office, floor, operational and accounting needs for FCM, including month-end closing entries and 1-FR preparation and audits.

Mba, Finance & Marketing

B.S., Finance