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Senior Executive Leader with extensive expertise in markets, trading, risk management, and operational oversight. Proven track record in leading global financial initiatives, enhancing governance frameworks, and delivering stakeholder-focused solutions. Skilled in driving innovation, aligning cross-functional teams, and developing talent with a strong commitment to diversity, equity, and inclusion. Known for steering high-impact projects that result in regulatory compliance, operational efficiency, and profitability.PROFESSIONAL OVERVIEW: I’ve been promoted through the ranks, based on a strong history of being first-to-market with new products and services, solid relationships, both in-house and external, and serving as a trusted subject matter expert. Earlier in my career, I worked as an analyst at Fannie Mae in the derivatives/volatility desk, then developed expertise in OTC clearing at Credit Suisse and transitioned to leadership roles with progressively greater responsibilities and challenges. Key contributions include: ▪ Planning, deploying, and managing development of client clearing services across global clearinghouses, including CME, Eurex, ICE, and LCH; and across asset classes, for global business that drove over $80 million in revenue per year in 2018-2020.▪ Leading the strategic design and implementation of a client cross-margin platform, including margin relief, dynamic margin, and auto collateral sweeps.▪ Building a wide array of products in PDS, including interest rate derivatives, credit default swaps, non-deliverable FX, and cleared repo.▪ Leading the implementation of ISDA 2021 definitions across business and functions.▪ Driving the strategic design and implementation of a client cross-margin platform, including margin relief, dynamic margin, and auto collateral sweeps.▪ Collaborating with developers to enhance derivatives clearing application functionality and robustness. COMMITMENT TO DIVERSITY: As co-chair of our firm’s Black Professional Employee Network and member of the firm-wide Black Talent Advancement Committee, I’m working to support diverse leadership pipelines on Wall Street. Our efforts have resulted in 40 events per year at CS. I also make a point to show up for my teams in other ways, from one-on-one mentorship to providing timely resources. I enjoy connecting people who might not otherwise meet, in person, Zoom, or on LinkedIn. LET’S CONNECT: I’m always looking to connect with other professionals, in banking and other industries.
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Managing Director - Ib Head Of Counterparty And Ccp Risk ManagementCredit Suisse May 2022 - Oct 2024Zurich, ChPromoted to lead new office focused on establishing counterparty management of front office functions. The multi-year effort will require envisioning new approaches, collaborating with and hiring vendors, advising senior leadership and the U.S. Board of Directors, all with a focus on revenue generation and risk management.▪ Lead team of 6 vice presidents, directors and subject matter experts in the US, Singapore, and UK. ▪ Oversee the development planning and implementation of a clearinghouse management function.▪ Drive implementation of the strategic redesign of the futures business. -
Managing Director | Global Head Of Otc Client ClearingCredit Suisse Jan 2021 - May 2022Zurich, ChPlanned, deployed, and managed development of client clearing services across global clearinghouses, including CME, Eurex, ICE, and LCH; and across asset classes, for global business that drove over $80 million in revenue per year in 2018-2020. ▪ Coordinated with IT, operations, risk, and legal teams to design, troubleshoot and implement solutions.▪ Transitioned Delta 1 client margin platform to the Dynamic margin platform, resulting in 250 hedge fund accounts converting over $50B of notional (legal, operational, and technology changed). Work also included swaptions at ICE and margin relief for prime clients. ▪ Led the implementation of ISDA 2021 definitions across business and functions.▪ Led and implemented Black talent strategy “Pivot Program” to help diverse professionals transition to the finance industry. -
Director | Us Head Of Otc Client Clearing BusinessCredit Suisse Jan 2017 - Dec 2020Zurich, ChPlanned, deployed, and developed client clearing services across global clearinghouses including CME, Eurex, ICE, LCH across asset classes including IRS, CDS, and FX.▪Industry thought leader with strong history of driving product delivery and being first to market with new products and services.▪ Built a wide array of products in PDS, including interest rate derivatives, credit default swaps, non-deliverable FX, and cleared repo.▪ Launched joint venture with repo trading desk to offer sponsored repo at FICC to hedge funds and money funds in the U.S.▪ Led the strategic design and implementation of a client cross-margin platform, including margin relief, dynamic margin, and auto collateral sweeps. -
Vice President | Otc Client ClearingCredit Suisse Apr 2011 - Dec 2016Zurich, ChContributed to the development of the Client Clearing business, from pre-Dodd-Frank state to leading FCM. Served as front-office, OTC Client Clearing subject matter expert, with experience across multiple OTC Clearinghouses and asset classes covering workflow, membership implementation, operational processes, technology, collateral and risk management. Integral to the development of the Client Clearing business from pre-Dodd-Frank state to the current status of top Clearing FCM per a recent Risk Magazine.▪ Collaborated with developers to enhance derivatives clearing application functionality and robustness. ▪ Composed and presented market color to trading desks and senior management.▪ Researched derivative market trading patterns and conventions across global markets.▪ Planned and coordinated bank resources in the deployment of CCP workflows within the bank.▪ Implemented OTC products across asset class CCP, affirmation, and settlements platforms.▪ Analyzed and reported derivative trade activity, notional amount, and market share across trading entities covering OTC derivative clearing market. -
Board MemberFia, Inc. Jun 2021 - Mar 2024Washington, Dc, Us -
Board MemberIsda Jun 2021 - Dec 2023New York, Ny, Us -
Executive Committee MemberGeorgetown University Mcdonough School Of Business Jan 2014 - Jul 2018Washington, Dc, Us -
Chair, Mba Advisory CommitteeGeorgetown University Mcdonough School Of Business Oct 2015 - Oct 2017Washington, Dc, Us -
Vice President | Rates Produce ManagementMarkit Dec 2009 - Oct 2010London, GbEngaged in marketing of platform initiatives and designed user reports to provide better value for client. Served as subject matter expert and trained clients on interoperability of databases. Led monthly interdivisional corporate presentations with Managing Directors. ▪ Led development of an industry standard clearing statistics report to meet industry Fed Letter commitments.▪ Designed and implemented a portfolio compression model for proof-of-concept in new business development.▪ Designed and implemented trade analysis matrix across G15 and 50 additional dealers.▪ Trained clients on trade construction, workflow, and database interface through trade lifecycle. ▪ Led industry working group to established market usage standard for Zero Coupon Inflation Swap. ▪ Managed conversion of 1 trillion SKK trades to EURO across over 1,000 trades for 12 major banks. -
Product Management Group AssociateMarkit Sep 2008 - Dec 2009London, Gb -
Implementation Group AssociateMarkit Jun 2008 - Sep 2008London, Gb -
Financial AnalystFannie Mae Jan 2005 - Feb 2008Washington, District Of Columbia, UsManaged daily pricing of American and European swaptions across volatility surface and interest rate caps across maturities.▪ Created optimization report used to evaluate Fannie Mae’s $1.04 trillion notional swap book for interest rate curve risk used in internal compression process. ▪ Designed and built report to analyze the impact of derivative activity on short-term liability issuance, resulting in forecasting savings of up to $250K in funding costs quarterly for the short-term funding desk.▪ Managed customer orders and execution of short-term interest rate bond for Fannie Mae’s Short Term/Discount Note desk.▪ Published and improved design and framework of reports used to analyze cross-market trends in derivative and mortgage markets, improving strategic execution (implied vs. realized, MBS duration vs. convexity). -
Associate Financial Analyst Derivative Trading DeskFannie Mae Jan 2000 - Jan 2005Washington, District Of Columbia, UsReviewed trends, pinpointed data, and created dynamic grids to add value, save time, and create cost savings. ▪ Identified trading partners. Coordinated trading initiatives with Trading Desk, Middle Office, and IT. ▪ Amplified strategy-consistent trading opportunities by developing pricing frameworks for currency swaps. ▪ Directed team in automation of trade confirmation process. ▪ Formulated and installed financial reporting controls to moderate fraud risk exposure. Improved internal and external audit results. ▪ Optimized interest rate curve risk through notional swap quality control analysis. ▪ Increased reliability and speed of executives on 144 derivative structures through Price Quote Analysis. ▪ Generated $250K quarterly cost savings through analysis of derivative activity on short term liability insurance ▪ Improved strategic executions by analyzing cross market trends in derivative and mortgage markets.
William Black Skills
William Black Education Details
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Georgetown University Mcdonough School Of BusinessMba -
George Mason UniversityFinance -
Mount St. Mary'S University -
Sidwell Friends
Frequently Asked Questions about William Black
What is William Black's role at the current company?
William Black's current role is Managing Director – IB Head of Counterparty and CCP Risk Management ➤ Process Design | Controls Oversight | People Leadership.
What is William Black's email address?
William Black's email address is wi****@****sse.com
What is William Black's direct phone number?
William Black's direct phone number is +160920*****
What schools did William Black attend?
William Black attended Georgetown University Mcdonough School Of Business, George Mason University, Mount St. Mary's University, Sidwell Friends.
What skills is William Black known for?
William Black has skills like Derivatives, Capital Markets, Fixed Income, Interest Rate Derivatives, Middle Office, Equities, Financial Markets, Bloomberg, Options, Hedge Funds, Vba, Risk Management.
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