Tim Murphy Email & Phone Number

Chicago, IL, US

New York, New York, US

New York, NY, US

• Coordinated transition of over 200 clients and 500 accounts due to acquisition of FIS Execution Services (Fox River) from FIS.
• Monitor clients buying power usage on daily basis and perform quarterly review.

• Improved and streamlined the equity clearing procedures for US and Canadian equity trading.
• Updated Risk Management monitoring which increased accuracy and efficiency.
• Performed projects for CEO upon request

• Founding partner of proprietary trading group that traded futures contracts on US and European exchanges via an automated trading system.
• Managed trading and risk of equity index and fixed income derivatives at CME, Eurex and CFE.
• Negotiated clearing rates and credit limits with FCM.
• Exposed to all aspects of managing a firm including Trading, Risk Management, Credit, IT, Compliance, Co-location facilities and Human Resources.

Chicago, Illinois, US

• Developed firm’s middle and back office from inception for high frequency proprietary broker/dealer, including real-time position monitoring and real-time profit and loss for all traded products which included.
• Coordinated initiative to obtain broker/dealer status for firm. Passed Series 24 exam.
• Represented firm during membership application to global future and equity exchanges.
• Led onboarding of over 50 new exchanges/dark pools and 10 clearing firms.
• Negotiated clearing rates which resulted in an annual savings of over $2 million.
• Designed risk based haircut system to monitor intraday net capital usage.

• Monitored proprietary statistical arbitrage trading models.
• Developed Excel spreadsheets to aid in reconciliation of positions and profit and loss for equity, equity options and commodity futures trading.
• Executed equity trades when necessary.
• Developed expiration procedures through creation of Access database, VBA macros and Perl scripts for equity options which improved accuracy and decreased processing time.

• Designed, developed and implemented all middle office procedures for Ritchie Fixed Income Arbitrage Trading Fund which included: daily P&L reporting and position reconciliation, cash payment reports, collateral.
• Generated risk profile of trading book.
• Constructed end of day swap curve used to mark-to-market OTC positions.
• Compiled monthly metrics report for review by Chief Operating Officer.

Charlotte, NC, US

• Participated in system search and selection to accommodate new power derivative business.
• Prepared evaluation of final two systems, Caminus and OpenLink, for review by senior management to assist in decision making process.
• Authored accounting document used by OpenLink to comprehend Bank of America’s account structure and accounting expectations.
• Oversaw development and implementation of Commodity Settlements database. The Commodity Settlements database combined data from multiple systems to generate an appropriate invoice for a given counterpart.

Charlotte, NC, US

• Implemented Murex Accounting Module in coordination with the Finance department. This allowed for daily profit and loss reconciliation to the General Ledger thereby minimizing discrepancies between trader estimates and.
• Reconciled Income, Balance Sheet and Cash accounts through profit and loss analysis process for all commodity trading in New York and London.
• Reconciled NYMEX, IPE, and LME positions between trading system and in-house clearing firm.

• Communicated trading activity of Japanese Yen and Swiss Franc option contracts at the Chicago Mercantile Exchange to floor traders at the Philadelphia Stock Exchange and OTC traders in Chicago and London.
• Confirmed trades with executing brokers.
• Executed future and option trades through brokers.

• Calculated daily profit and loss of trading activity.
• Automated daily operational functions to verify accuracy of reports used by traders in making market decisions through various Excel spreadsheet developments.

Rolling Meadows, Illinois, US

• Administrated client Defined Contribution accounts.
• Performed unit value and appreciation factor calculations.