Wayne Thelen Email & Phone Number

Consultant Located At The Bank Of New York Mellon In New York, Ny

Worked directly with Traders, Sales, Finance, and various Back Office teams to provide daily support for reporting and understanding P/L, risk, and trade capture.• Performed daily P/L reconciliations between estimates and actual P/L runs, also investigated and resolved any differences above the defined thresholds.• Monitored trading activity on execution platforms and ensure that trades STP into source system. Performed any OTC or listed trade capture as needed.• Updated or re-wrote multiple operating procedures for processes performed by the Middle Office.• Participated in UAT testing for system upgrades.• Performed P&L investigations on trade activity where there were discrepancies in Cash Flows, Trade Capture, and Market Data in which analysis was provided to internal or external clients.• Ran through various Quant models to produce risk and P&L for Trading.• Assisted in any projects which will impact processes and workflows, and prepare analysis of findings to Management. Also assisted with rebooking of trades due to transition from IBOR to RFR.

New York, Ny

Advanced to senior team member of PRDS “golden source” of products, resolving federal regulatory and model risk control (MRC) requirements. Served as lead contact for all audit, trader mandate and MRC inquiries.• Made processes more efficient by working cross-functionally with different groups, creating flow charts and automation of product hierarchy assignments. • Maintained product hierarchies by working with ISDA and DB Internal ISDA working groups.• Created derivative products for numerous asset classes (Rates, Credit, FX, Commodities, Equities, and Securitized products), businesses, and trade capture systems, linking to new risk models and regulatory reporting, keeping trader in compliance.• Served as subject matter expert for products and feature values across all DB Global Market Asset Classes.• Ensured data quality standards by reviewing and approving team member product and feature value creations.• Streamlined and automated trade tagging with products through numerous trade capture system releases and enhancements for product auto-tagging logic within Summit, TSAR, RMS, MCTE, and STS trade capture systems.• Improved tracking of new product requests and systems accuracy by creating various reconciliation tools within Excel for NPA tracker and numerous trade capture systems versus PRDS application.

New York, Ny

Managed staff of 10 trading assistants supporting credit derivatives and securitized products including CDS, Swaptions, IR Swaps, Cross Currency FX Swaps, CLNs, CLDs, and ABS, ABX, TABX, CMBX, CDO pay-as-you-go trades, along with TRX, IOS, POS, and MBX total return trades.• Managed the day-to-day activities and end of day (EoD) close and reconciliation process for group, including verifying all blottered trades booked or reported as outstanding risk, ensuring completion of reports and reconciliations, posting of floating payments and cashflows, investigating trade breaks, managed Trioptima and bilateral trade reductions, and informing traders and senior management of all outstanding risk and P/L impacts.• SME for Credit MO for Summit trade capture upgrade project to expand uses and functionality.• Selected for role to establish better controls around the business.• Reduced number of cashflow breaks by 60% and improved DB reputational risk by creating various reports and reconciliations, identifying trade and cash breaks.• Represented DB on numerous industry market initiatives and new product releases, including ABS, CMBS, and ABX payments settling via DTCC CLS, and new Markit products TRX, IOS, PO, and MBX.• Initiated numerous projects, enhancing and automating process for client support.• Reduced workload and eliminated dual-booking requirements by working with projects team, writing and reviewing specs, enabling front to back office feeds for interest rate swaps, CDS Swaptions, CLNs and CLDs, and trade capture control improvements.• Assisted senior management on projects, including internal audits, and Fed investigations, identifying and drilling down on accurate information needed.

New York, Ny

• Supported New York, London, and Tokyo traders for OTC Fixed Income Derivatives trading.• Booked trades into Summit Valuation System.• Performed NPB verifications, trade reconciliations, and investigated trade discrepancies.• Supported products including, Vanilla and Cross Currency Swaps, Swaptions, Unwinds, and MMD Swaps.