Associate, Corporate Actions Representative I - BNY Pershing - Jersey City, NJ (2023-04 - 2026-03) - Processed Principal, Interest and Dividend claims for Euroclear securities for USD.
- Created payments / wire transfers to pay claims.
- Responded to inquiries.
- Provided proof of payment / IMAD when required to clients and counterparties.
- Reconciled.
- Experienced with SWIFT Corporate Actions (MT56x) messages.
- Experienced with SWIFT Settlement reports (MT54x) messages.
- Understanding of SWIFT messages MT103 and MT202.
- Processed DTC SPO charges.
- Checked daily Open Cash Transactions Report.
- Updated Access Aged claims database report with latest update/comment.
- By being curious, found Euroclear Participants numbers & account name on Euroclear's EasyWay.
- Fulfilled firm principle of "Stay Curious" by finding a pending settlement report (SWIFT MT137) to locate the settlement (ECLR or DTC) of pending claims so it can be assigned to the correct processor sooner.
- Fulfilled firm principle of "Sparking Progress" by building VBA macros to create and send claims via email with the PDF attachment automatically added that took one minute to complete so it became more efficient and improved performance as it saved significant time from the previous way of manually adding each field that took at least several minutes for each claim.
- Fulfilled firm principle of "Run Our Company Better" by creating a monthly Excel file to identify, process, & track each claim using formulas, including complex ones & functions like INDEX/MATCH, SUMIF, & VLOOKUP, and conditional formatting that showed when the next follow-up claim was required to be sent.
- Created a template that made a manual process to adjust past dividend payments due to trade corrections much easier and less time consuming by using formulas to calculate the amounts & comment information.
- Improved the Access Aged claims database file to include a new column for our claims reporting that was appreciated by my manager and created conditional formulas to shade cells when the criteria was met.
- Created an Open Claims report for all outstanding claims for that month's Pay Dates that were not received.
- Created an efficient email tracking system by using a notes/comments field that I learned.
- Created Powerpoint Training Guide for the new monthly Excel file that I built.
- Very brief experience with DTC Corporate Action Web. Consultant - BNY Pershing - Jersey City, NJ (2022-01 - 2023-12) - Checked daily Euroclear balances file for USD Payments.
- Processed Dividend, Interest, and Principal payments.
- Built an Excel file that was used daily that copied data from Euroclear MT564 and MT566 Excel files, paste, and organized the Principal/Interest and Dividend events using formulas, formatting, conditional formatting, and VBA macros that made the process more efficient, less manual, and less time consuming than looking at each individual SWIFT message to resolve the open USD cash credit balances.
- Checked daily Suspense items email.
- Checked daily Open Cash Transactions Report.
- Reconciled cash balance breaks.
- Created Powerpoint Training Guide. Consultant - JP Morgan Asset Management - New York, NY (2019-01 - 2019-12) - Assisted with a transition in moving Collateral from an outside vendor to an inhouse system.
- Setup Agreements on Collateral system.
- Created several VBA macros that simplified getting trade data to exclude from margining on the old system.
- Took initiative and created a VBA macro and a new Agreement Report that compared data within the accounts and resolved any incorrect or missing data.
Contingent
Worker / Consultant for Genpact - Genpact @ Goldman Sachs - Jersey City, NJ (2018-01 - 2018-12) - Processed Incoming & Outgoing Margin Calls.
- Worked with Goldman Sachs' Margin client representatives and clients on margin call issues.
- Monitored and assigned emails in shared mailbox to respective owner.
- Built a VBA macro for an EOD file that reduced the time from 10+ minutes to about one minute.
- Took initiative and built a VBA macro file that matched Open Calls with emails responses received so margin call chasers were not sent out incorrectly to clients who have responded and were awaiting to be processed.
Collateral Management
Analyst - Standard Chartered Bank - Newark, NJ & New York, NY (2016-08 - 2017-06) - Understand ISDA, CSA, and GMRA documents.
- Processed Margin Calls for Demand and Antic Demand events and approve Collateral moves.
- Chased counterparties for non-response and non-receipt of collateral.
- Setup Daily Valuation statements to comply with Dodd-Frank regulation.
- Worked with Credit and Legal departments to resolve client issues.
- Processed monthly interest.
- Responded to client inquiries.
- Worked with Settlements on Collateral moves.
- Created Daily Dispute File and sent Dispute Escalation emails to Credit.
- Improved Dispute process by making it less manual using Excel VBA Macros and formulas and combined 2 Excel files into 1 Excel file which saved significant time towards / at the end of day.
- Added Control Checks to the Dispute report to ensure all disputes were recorded and reported.
- Built a Tracker to easily see a list of accounts disputed each day & if it was disputed for more than a day.
- Built an Excel spreadsheet to verify a counterparties Mark-to-Market equals their Agreed Amount to our call.
- Built an Excel VBA macro to quickly attach Exposure portfolio file to an email and added other benefits such as formatting and a field that shows the net Total Exposure Amount for clients to see upon opening the file.
- Took initiative & built an Excel file to Track Non-Receipts using a VBA macro & added a column for comments.
- Took initiative & built a Zero Haircut Excel Collateral Report (Ineligible collateral) for NY Accounts using VBA.
- Took initiative & found the problem on incorrect collateral balances which caused incorrect interest calculations.
- Recognized by Manager for creating a Powerpoint Step-by-Step Process Guide to train new user.
- Built a reconciliation file to identify collateral moves that didn't settle due to system issues.
- Processed Audit Statement requests. Consultant - Standard Chartered Bank - Newark, NJ & New York, NY (2015-09 - 2016-07)
