Rick White Email & Phone Number

Tampa, Fl, Us

Zurich, Ch

• Currently serves at the first level of escalation on all client-related issues involving settlements, booking complaints and overall workflow processing issues. • Ensure legal, regulatory, and statutory requirements regarding internal policies and contracts are in compliance and followed by the team.• Continuous understanding of the F2B operational risks and responsibility for proactively identifying and addressing operational control gaps.• Manages all services provided to clients in accordance with contracts and service level agreements ensuring key performance indicators are met and exceeded. • Oversight and accountability of the day-to-day processing activities for ETD option settlements including trade booking, cash and collateral postings and break controls.• Engage with Business and Credit Risk to facilitate exchange funding and client margin calls, pledging activities, dispute management to meet tight market deadlines.• Performed front-to-back controls to ensure collateral positions and margin requirements are promptly reconciled.• Liaison with Middle and Front office trading to ensure trade information reflects accurate trade positions and amendments.• Mentoring junior analyst through day-to-day activities to mitigate BAU processes and managing report review in lieu of exceptions processing

Jacksonville, Fl, Us

London, England, Gb

• Assigned to manage PIMCO OTC collateral portfolio with a net worth in excess of 500mm dollars.• Daily utilization of CSA’s and GMRA agreements in commission of client’s collateral calls.• Accurate posting of all USD & CAD cash and collateral movement to high volume PIMCO sub accounts.• Issue and review daily margin calls under strict FINRA and Reg T regulations from PIMCO.• Utilized proprietary systems to generate EMIR and MiFiD reporting for all financial and non-financial counterparties, including following up with trading desk for missing contact information relative to the task. • Ensured settlement of USD & FX Corporate Bonds and Bills & Asset and Mortgage Backs through DTCC and US Treasuries (Notes, Bills, Bonds & TIPS) through FED wire posted and pledged as collateral.• Monitored posted and pledged securities within BONY GSCS, FED wire and DTCC until settled.• Employed Tri-resolve to quickly reconcile full and partial dispute of MTM differences and daily breaks while working with clients and internal stakeholders to provide resolution.• Managed high-volume customer transactions in dual Acadia & Algo collateral systems • Administered monthly collateral interest process including reconciliation of differences derived from USD balance discrepancies.• Confirm and approve all incoming and outgoing SWIFT payments instructions and notices from client's banks and apply to accounts accordingly.• Liaison with Middle and Front office trading to ensure trade information reflected accurate trade positions and amendments.• On-boarded new and established existing PIMCO Repo accounts under tight Dodd-Frank protocols.

New York, Ny, Us

Thorough review of ISDA Master Agreements and Credit Support Annexes, Futures,Tri-Party (ACA), Collateral Account Control and Global Master Repurchase Agreements.Collect, analyze and document requirements and business processes in relations to implementation of the above client contracts into Algo 5.1 collateral system in compliance with Dodd-Frank protocols.Thorough review of new and existing Interest Rate, Credit Default, and FX trades to track valuations and trade capture breaks effecting processing flows. Interface with IT and Algo developers to establish, configure and test SSI protocols for collateral movements (corporates, treasuries, mbs, abs).Creating and compiling matrix reports outlining business specifications and expectations.

Mitigated banks risk through utilization of ISDA defined Master Agreements, Credit Support Annexes, confirmations and legal documentation. Issued margin calls through Algo against various banks, insurance, mortgage and energy companies based on MTM prices and yield curves.Liaised with front office to resolve trade discrepancies causing breaks.Reviewed incoming margin calls including verification of various types of posted collateral such as L/C's, Guaranteed Certificates, ABS, MBS, CMBS, Corporate Bonds, Treasuries (Notes, Bills, Bonds, TIPS) & cash.Managed securities holding portfolio by reconciling posted collateral by counterparties and facilitated issues purchased by desk to meet margin calls and substitutions. Preformed counterparty trade file reconciliations through TriOptima and manual Excel spreadsheets upon partial and full disagreements of all margin calls to ensure critical time frames achieved.Scrutinized Credit Default, FX, NDF, Interest Rates, Equity and Energy swap confirmations to certify agreed upon terms.

Supervised & trained staff on trade processes related to ISDA defined Credit & Debt Derivatives confirmations such as Credit Default, Caps, Floors, Swaptions. Reviewed, co-prepared & co-negotiated ISDA Master Agreements & CSA's for new counterparties while maintaining KYC and OFAC protocols.Drafted manual confirmations & templates for all derivative products such as FX & Cross Currency Swaps and Novations. Managed counterparty relationships with banks & brokerage firms. Created and administered manual confirmations tracking database utilizing Excel. Maintained proper controls of the OTC business through accurate bookings of derivative transactions into Murex. Undertook daily system reconciliation including resolution of cash breaks. Governed settlement of Fixed Income bonds through EuroClear and domestic securities though BONY Inform including signature authorization of all SWIFT payments. Implementation of Murex system generated confirmations in compliance with ISDA standards.

Monitored TA's and Sales desk bookings of Interest Rate Swap transactions within various trading systems and reconciliation of discrepancies aimed at maintaining S.T.P processing procedures. Reviewed ISDA swap confirmations for option expiration discrepancies to amend system bookings. Managed discrepancies and loss prevention through prompt escalation of trading issues to desk. Setting and resetting new and existing interest rate swaps trades across entire trading desk and dummy rates to depict market exposure. Analyzed and effected amendments of cash flows and system breaks for options and interest rate swaps trades mainly derived from documentation and settlement queries.

Consultant/Fixed Income Derivative DocumentationActively chased outstanding derivative confirmations. Serve as liaison for domestic and overseas trading desks as well as marketers and trade capture personnel to head off discrepancies on street trades ultimately reducing the bank's overall risk. Accurately followed up on discrepancies and maintained the manual tracking system to guarantee quality reporting to head office.

Manually generated confirmations for CDO's, CLN's, Total Returns, Novations, unwinds & partial unwinds for Credit Default business. Monitored confirmations from inception to affirmation, including chasing for signatures and following up on payment discrepancies. Accurate maintenance of the confirmation tracking system to ensure quality reporting. Worked closely with trading desk to ensure all economic discrepancies elevated accordingly to diminish bank's risk.

Manual and automated preparation of confirmations for various types of fixed income derivative products. Arranged client visits to quickly resolve high number of outstanding confirmations. Monitored private client confirmations prepared by independent counsel.

Generated swap confirmations for forward rate agreements, swaptions, straddles, caps, floors, interest rates, cross-currency, convertible bond options, foreign exchange and assignment transactions in compliance with ISDA definition standards. Analyzed counterparty confirmations for inaccuracies, including mark-ups sent back for clarification. Consult with Legal counsel for review and approval of credit language and provisions. Liaised with derivative desk marketers and traders to resolve documentation discrepancies between counterparties. Product KnowledgeNon-Deliverable Forwards, Credit Default, Interest Rates, Variance, Equity, Cross-Currency, Asset Swaps & Options, Foreign Exchange Currencies and Bullion (XAU/XAG), Treasury Notes, Bills, Bonds & TIPS, Sovereign and domestic corporate Notes and Bonds, Repos, Convertible Bond Options, Asset Back & Mortgage Back Securities, Certificate of Deposits (Yankee CD's & Time Deposits), Foreign Currency Notes and Bonds, Government Debt Bonds (Sovereigns), Guaranteed Investment Contracts, Letters of Credit.Systems & ClearancesDTCC, BONY Laser, Class, Participants Trust Company, BONY Government Securities Clearance System, DerivServ, Summit, Geneva, SWIFT, CHIPS, Fed Funds, RTGS, Cedel Bank, Scrittura, EuroClear, Rolf & Nolan, Bloomberg, Reuters, Business Objects, OASYS, Calypso, Swapswire, STS, ICI, ETicket, Murex, BONY, Clearstream,TriOptima, BONY Inform, ALGO, Intellimatch, Microsoft, Word, Excel & PowerPoint.

Associate'S Degree, Accounting

Creative Writing