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Michael C. Holmes 718.978.4372 | [email protected] | St. Albans, NY 11412
TRADE SUPPORT SPECIALIST
Apply analytical skills and a best-practice approach to provide insight on risks/impacts, determine direction/action across brokerage and trade operations. Proven ability to assess and solve problems quickly based on deep industry experience; works seamlessly across diverse internal and external groups. Excel in monitoring, reporting, strategy development and planning. Areas of Expertise:
Relationship Management | Vendor Management | Troubleshooting/Resolution | Outstanding Communication | Reporting | Team Player Complex Problem Solving | Process Improvements | Research | Client Relationships | Customer Service
PROFESSIONAL EXPERIENCE
ASSOCIATE, FAIL CONTROL, US BROKERAGE OPERATIONS RBC Capital Markets | New York, NY | 2008-2014
Built and distributed reports from fail runs to various sales desks.
Created and reconciled reports for sales representatives on the T+ 5 report and the ICI versus ADP vendor accounts.
Reduced the number of trade breaks resulting in improved efficiencies within the department.
Confirmed trades with counterparties for delivery instructions; resolved same day trades which counterparties did not recognize in Depository Trust & Clearing (DTC) or Euro clear.
Liaised between branches, correspondents and financial advisors to resolve trades three days or older.
Distributed sellout notices to clients to avoid financial risk for the firm.
US BROKERAGE OPERATIONS-SETTLEMENTS | 2008-2009
Participated in the conversion to clean up fails in DTC settlements; solely monitored and consolidated up to 1,000 fails per day working in a team of 5.
Acquired additional work when co-worker took leave of absence; implemented procedures to streamline and reduce redundancies in workload resulting in a 50% reduction in outgoing trade calls.
Utilized Bloomberg, ICI, DTC and Broadridge Cage III for resolving trade issues.
Liaised with correspondents and trading desk to book trades.
WEALTH MANAGEMENT – TRADE SUPPORT UBS AG International | New York New York | 2006-2008
Booked UBSI trade tickets into the FIPS system.
Liaised with counterparties to ensure settlement.
Assisted in clearing trades with Euro clear and DTC.
Calculated trades on Bloomberg to determine correct proceeds.
Produced and distributed firm wide spreadsheet to management on daily trace report.
Communicated with branches on trades missing instructions or with financial discrepancies.
TRADE SUPPORT JP Morgan Chase | New York New York | 2003-2005
Updated the corporate bond marks for economic revisions.
Monitored the internal match screen to compare Government Treasury desk trades against corporate desk trades.
Saved $1,000s using Bloomberg and Integrated Security Trading/Processing systems to ensure comparable pricing.
PRODUCT MAINTENANCE ADMINISTRATOR -Institutional Infrastructure Division M organ Stanley | Brooklyn, NY | 2003
Managed product setup of treasuries, investment grade and high yield corporate, municipal securities and CMOs.
Ensured timely and accurate settlement of mortgage and asset-backed trades by confirming accurate trade calculations prior to settlement date.
Adjusted product attributes such as day delays, factors, interest rates and accrual periods.
TRADE SUPPORT ANALYST- Fixed Income Division UBS AG/PaineWebber, Inc. | New York, NY | 1990-2002
Saved $50K+ after discovering an error in mortgage P&L.
Managed corporate bonds, common stocks, agencies, Government bonds and mortgage backed securities.
Monitored trades for corrections and adjustments.
Assisted the MBS trading desk with nightly P&L.
Supported traders to ensure the accuracy of trades processed on the fixed income pricing system.
EDUCATION & TECHNICAL
Associates Degree, Money & Banking -The Borough Of Manhattan Community College
Bloomberg | Microsoft Suite | DTC | Euroclear | ICI Impact | Reconciliation | LoanNet | Bony | Broadridge Cage III