Clearing Manager/specialist Resumes in US-Illinois-Chicago: Doreen

Clearing Manager/specialist Resume

Contact Candidate

Name:

Doreen

Location:

US-Illinois-Chicago

Experience:

10+ yrs

Willing to Relocate:

Willing to Travel:

Most Recent Job Title:

Clearing Manager/specialist

Personal Website:

Objective:

As you will see in the enclosed resume I have been in the Equity, Futures and Options Industry for the past 30 years with a wide range of hands on back office and Operations experience.

This experience gives me a unique perspective on the many aspects of this rather complex industry. I understand the necessity to meet time frames that can often put an entire team under a tremendous amount of stress. Analyzing, problem solving, accuracy, communication and quick thinking are critical skills I offer to help work an entire team through the daily, 24 hour process to save a company time and money.
I am currently seeking a position where I can have hands on contact and manage or supervise the daily duties of a back office operation

Resume Text:

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· Primarily responsible for the timely and accurate reconciliation of all positions and money for all global Exchanges. Reconciled positions and funds of five North American Exchanges and Carrying Brokers prior to daily market open and on weekends and holidays prior to Euro and Far East market openings in different time zones to reduce risk at 99 % for fifteen years.
· Supervised reconciliations of European and Far East Exchanges. Processed and balanced European and Far East Exchanges the same day in Chicago allowing a reduction in the clearing staff, saving $80,000 per year.
· Primarily responsible for communication with Customers and Proprietary Trading Staff. Notified fifty trading accounts of all balancing, and out trade corrections, exercise and assignment, and last trading dates prior to market opening to insure correct positions and reducing risk.
· Researched and resolved trading accounts position, commission, fee, and regulatory issues. Accurately and in a timely manner.
· Supervised out Trade Clerk, Data Entry, Balancing and CTR monitoring staff. Cross-trained, hired, prepared and conducted performance evaluations of ten employees.
· Reconciled margin requirements with clearing Broker. Advised the accounting department of any large discrepancies for investment purposes.
· Reconciled IEF funds carried at the CME. Verified Clearing Broker was inline with the CME.
· Responsible for all Give Ups/Claims. Assured accuracy and timeliness for positions and risk management.
· Reconciled Trader P&L to internal general ledger. Input adjustment and cash items into general ledger system to assist accounting department in reducing staff.
· Developed and fostered relationships with Accounting, Treasury, Risk Management, IT, Traders, Customers, Clearing Brokers and Carrying Broker to facilitate work flows.
· Maintained UBITRADE/ SUNGARD/GMI clearing systems. Maintained new accounts, fees, commissions, new business/markets, reports, data entry. Assured clearing system could handle new contracts, exchanges. Set up new accounts, contracts, exchanges and fee structures. Managed internal clearing system upgrades between development and production. Authored or requested special reports to facilitate time saving plans. Including trade, money line, P&L, open position and prelim reports and to be able to sort as needed.
· Member of the Systems Conversion team. Developed or created all necessary reconciliation and clearing reports for three separate mission critical system conversions.
· Functioned as primary operations contact for regulatory agencies. Assured firm compliance.

· Member of Disaster recovery Team. Developed and documented operational procedures and internal controls for all clearing functions and flow charted clearing process to be utilized as a training and disaster recovery manual. Including the provision of my home as part of the DR plan.
· Managed Exchange delivery process. Taking delivery of foreign currencies as desired and ensuring commodity products did not go to delivery.
· Managed Exchange Exercise/Assignment process. Accurate allocation to Customers and proprietary Traders of corresponding positions and premiums. Had UBI create special program to automatically allocate to Customers and traders by percentage of positions.
· Special Projects for Upper Management, traders and Customers. Including daily, weekly, monthly and yearly volume, P&L commissions, and fee reports as needed .Hired to find an outstanding reconciling item of $100,000.00. Researched and resolved in one day.

C.S.A./GERALD COMMODITIES 1983 – 1990
Clearing Manager/Head Balancer
· Duties as indicated above including Customer Segregation reconciliation.

SINCLAIR GLOBAL 1980 – 1983
Head Balancer/Out Trade Clerk

SHATKIN INVESTMENTS 1978 – 1980
Out Trade/Back Office clerk

SCOTT SECURITIES 1974 – 1978
Balancer/out trade clerk/data entry/runner

SKILLS

Management/Supervision Position/Equity Reconciliations Customer Service
Problem SolvingWork flow assessmentOutside source contactCost analysis Staff TrainingClearing System ConversionsAccount notificationDisaster recovery team Risk ReductionResolve Customer issuesTime analysisProcedure Development
Research Liaison between departments Procedure documentation
Out Trades Data Entry Backoffice/floor operation
Exchange Systems:Clearing 21,TESS, GUS CME PortalMERC3270 Clearing Systems:Advanced in UBITRADE GMI/Sungard MicrosoftExcel, Word, Outlook

EDUCATION
Exchange classes and Seminars 1974 – 2005
Wright JR. College 1974 - 1975
Steinmetz High School 1970 - 1974

References available at interview

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