Philip Green
001.312.731.0965 (Chicago)
+44
7941915991 (London)
e-mail: derivativestradingdesk@gmail.com
Project Manager and Senior
Business Analyst
Expertise: 12 years senior project manager, senior
business analyst, functional architect, implementations, requirements
gathering, software development, on several global energy trading risk
management, derivatives and regulatory reporting, data migration projects
Domains: Capital Markets, Derivatives, Foreign
Exchange, Treasury, Front Office, Global Equity Finance, Oil and Gas,
Commodities, Energy Trading Risk Management, Futures and Options, Securities,
Wealth Management, Investment Management, Trading, Risk, Compliance, Cash &
Liquidity, straight-through-processing (STP), Collateral Management, Data
Migration, Run the Bank, Change the Bank
Products
and Asset Classes: Exchange-traded and OTC derivatives, Interest
Rate Swaps, Credit Default Swaps, Repos,
Barrier Options, Warrants, Cleared OTC IRS, repos, fixed income, bonds,
futures, options, FX, NDFs, CFD, Structured products, equity, Interest rate derivatives, equity
derivatives, credit derivatives, Brent and Platts benchmark crude, oil and gas
contracts, gasoil futures, futures, options, commodities
Regulatory: Dodd-Frank, FATCA, EMIR, SOX, Volcker Rules,
Tax, FAS 133, FINRA, CFTC, CDR, MiFid, Regulatory
Reporting, ERCOT, Basel II, Basel III, Capital Requirements Directive (CRD),
Financial Services Authority (FSA) and International Financial Reporting
Standards (IFRS).
Systems: Global One, Openlink
Endur v8, v9, v11, Calypso v.14, Murex 3.1, Sungard,
GMI, Charles River, Wall Street Systems, Openlink Findur, Smartsoft, SAP Oil &
Gas Upstream, SAP Oil and Gas Downstream,, Summit, Commodity XL, Allegro, SolArc Right Angle, Fidessa,
Latent Zero, Portia, Bloomberg TOMS, Bloomberg POMS, Simcorp
Dimension, Lombard Risk Colline Collateral
Management, ThinkFolio, Blackrock Aladdin, SAP Treasury, SAP Liquidity,Cash
Management, Fimatrix,
Technology: SQL, TOAD, HP Quality Centre, FixML, FIX, FpML, Squirrel, JIRA,
Kanban
Sr. Project
Manager, Capital Markets Finance
and Operations Technology Responsibile for Finance
& Treasury reporting, risk and Target Operating Model delivering a Cost of
Carry 2010 project of $USD 16mm to give the bank global reports on funding
costs of Positions and trades. To build a centralized system on a nTier Architecture that calculates funding on all
positions of the firm. The new Cost of
Carry platform for trade capture, pricing and risk encompasses the regulatory
initiatives:
Dodd-Frank Title 7 (Swaps and OTC Derivatives)
Basel II and Basel III Capital adequacy and stress testing
Foreign Accounts Tax Compliance Act (FATCA)
Fund Transfer Pricing
Volcker Rule capital investments requirements
Liquidity Asset Buffer -- will be such
that it can handle any trade types across all product types. Project managed the Daiwa Capital Markets Europe Limited and global institutional custody clients
adaptation of the Pillar 1 standardized approach to credit risk and operational
risk and disclosures on capital and risk management.
The
new funding database will calculate funding on a daily basis and Structured
products financial instruments workflow for nested and interdependent payoffs
or features. Responsible for hands-on
project planning, reporting, authoring business requirements, operational risk,
business analysis, functional specifications, development and implementation of
the new Cost of Carry compliance file extracts, compliance import/export
process, compliance batch process and compliance End of Day/End of Month
security prices.
Managing
a team of business analysts and Developers, JIRA issue
tracking product, bug
tracking, issue tracking and project
management this
role also required close liaison with Business personnel to Division Head level
in Product Control, Front Office, Compliance, Treasury, Derivative Middle
Office, Global Equity Finance and Settlements.
Business Analysis and Project management and Change Management
for projects in the Equity Finance, Algo Trading and
Derivatives middle office. Migrating 2.11 to MX3 for FX options. Migrating
all FX products into Murex for model validation, pricing and hedging of complex
FX and exotic financial products and Charles River (CRD) for our compliance
rules (Money Markets and Fixed Income) and portal out to algorithmic
brokers. Authored RFP and RFI for the
SunGard Clearvision Tokyo-hosted solution and interfacing Blackrock Aladdin for the Daiwa India Fund. TIBCO middleware for messaging bus and
checking against securities traded and value date.
Produce and analyze daily VaR and EOD reports
on the output of the VaR model for London, Hong Kong and Tokyo as needed;
develop and maintain a limit reporting system, initiating action in the case of
breaches; develop and maintain a Value at Risk measurement model and (if
required) an Incremental Risk Charge model; obtain independent validation of
the VaR and IRC models.
Documentation
and testing of equity and equity derivative processing - such as Credit
Derivatives, FX Swaps, Spots and Forward FX, NDFs, CCy, CDS, Structured MTNs,
Options (FX, Bonds, equities), Money Markets (including CD, CP), Deal Payments,
Loan Origination, ETF's, CFD's Warrants, Futures, Options, Callable Bull Bear
Certificates (CBBCs). Extensive implementation and
requirements, functional specifications of front office Horizon and Murex
systems for Global Equity Finance.
Process
Re-engineering for Calypso FO (Front Office) Configuration Documentation;
Calypso Catalog and Products and Asset Classes and the Calypso to NPB (Nostro
Posititie Beheer) and P&L Attribution. Colline collateral
management and ALGO for OTC Derivatives and Listed ETD Derivatives Project
using a Derivatives platform Implementation of vendor solutions, short-listed
to Murex and Calypso.
Write
upstream and downstream interface documentation, SQL data modelling
for all Sophis products, Sophis, Swapswires, T-Zero,
Murex MxML, Murex Balance Sheet Management, Decalog and FIBIS (Structured
products (primarily Equity options).
Collateral management of OTC and Exchange-traded products), COLLINE
and ALGO,
Project experience (Coll Mgmt system
replacement and data migration, Colline (Lombard
Risk) process specifications, interfaces, workflows, design ,
specification and testing of reporting solutions, Data model and testing.
Create
custom "end of day" calculations in the simulation framework, and
modified canned calculations in Endur for M-T-M, Cash Month, P&L
granularity, and compliance required by trading and risk control analysts. FED, CHIPS, SWIFT,
Foreign Currency payments procedures documentation.
Global
Portfolio Accounting System's RSL reports and instrument coverage including
cliquets, CFD's and first to default for Fortis Bank, SWIFT, Swapswire, FpML, DTCC DerivServ for OTC Derivatives, and ISDA.
Configured
trade capture and risk management system Calypso WebICE and (Openlink Endur) as
the system of record for Natural Gas financial and physical trading.
Authored
business requirements for LDI liabilities replication framework consisting of
Risk Reporting matrix, matching LDI NPV of liabilities through Zero-Coupon
Swaps, Credit Spread, Duration Matching and Return Portfolio and Swaps in
combination with bonds and pooled funds solutions.
Performed
assessment of current Findur Treasury and Openlink Endur v.5 to implementation
of Endur v.8 and directed integration with AcuRisk, Nucleus, Triple Point, Commodity
XL, Advanced Analytics, performance evaluation for remote locations. JIRA issue tracking product, bug tracking, issue tracking and project management. Conduct training on Endur
modules Front Office, Middle Office, Back Office & Operations for
commodities trading, risk, supply & distribuiton
and Treasury Management.
Prepared Cash Month Position Management, tactical trade book,
SENA, TPORT, Endure center of excellence workflow requirements.
Led
integration of Openlink Endur
v. 8.x business requirements.
Exposed
to the following commodities: Crude oil, Natural Gas, LNG, heating oil, Naptha,
Distillates, Natural gas liquids: including ethane, propane, butane and
condensate.
Gathered
business requirements and assessed of current OTC derivatives instruction trade
management processes, reference data, data attributes and security master
database.
Asset
classes covered include Interest Rate Derivatives, OPUS derivatives pricing,
Equity Swaps, Interest Rate Swaps, Credit Default
Swaps, Foreign Exchange Swaps, and Equity options, Swaptions, Foreign Exchange
Options and Equity/Index Derivatives.
Recommend
strategic initiatives and analyze OTC derivatives protocols and practices
around DTCC, SWIFT, Swapswire, Wall Street Systems for treasury and asset
management documentation; FpML, Advent Geneva Global Portfolio Accounting
System, DerivServ, and ISDA.
Wrote business requirements and interviewed
portfolio managers and traders to implement a new International Small Cap
Long/Short Hedge Fund. The hedge fund seeks to take long positions in
undervalued and under-followed international equities. BA responsibility is to
map and test data requirements for futures, options and other derivative
instruments into existing trade order management system and back-office
accounting. Documented pricing methodologies for the funds unitization
including fixed unit allocation, fluctuating unit allocation, cost
distribution and daily balance method with back-office accounting for NAV, Pnl
and reporting.
Created
cash flow models for Credit Default Swaps, Interest Rate Swaps, Total Return
Swaps, Currency Forwards, Cross-Currency Interest Rate Swaps, Equity options,
Structured products, Currency Futures, Options, Exchange Traded Funds (ETFs),
and indexes on commodity futures, i.e., the Goldman Sachs Commodity Index
(GSCI) and the Dow Jones Commodity Index (DJ-AIGCI) and non-dollar Bond
transactions on SimCorp Dimension's investment management software; diagram
swap accruals, payment cash flows, and settlement scenarios to show gains and
losses of hedge.
Documented
how the following applications will be used in the hedge fund initiative:
Fact
Set, Derivative Solutions, Thomson PORTIA, Macgregor Fixed Income Order
Management and DTCC (Depository Trust Clearing Corporation).
Tasked
with documentation deliverables for the Latent Zero and Openlink Findur
interfaces to Bancware for Treasury, Cash Instrument Transaction and Fund
Transfer pricing, ALM and asset management front office trade order management
system. Integration documentation for JP Morgan and Salerio
stock trading algorithm tools for both asset and funding desk, and Asset
Liability Management (ALM). Created test cases, test
plans for Charles River compliance rules for the algorithm tools.
Documenting all asset classes and instruments that portfolio managers and trade
desks will be trading. Reconciliation from trade order management system to
portfolio accounting system, and calculating NAV and pricing of assets on
Advent Geneva. Implementing interfacing to DSTi's HiPortfolio and Check Free
Trade Flow to clients, SWIFT and Accounting systems. Defined requirements for the Eagle
Investments systems Eagle PACE data warehouse data mapping.
Latent
Zero Capstone suite consisted of Sentinel, Minerva and Tesseract. This application
was complemented by Yield Book, CMS Bond Edge and Salerio and CheckFree Trade
Flow.
Documented
trade order lifecycle for all instruments: equities, equity options, structured
products, equity derivatives, Fixed Income, treasury bonds, Auction Rate
securities including corporate and municipal bond debt instruments, Variable
rate Demand and Preferred, Dutch Auction Securities, OTC derivatives, energy
derivatives, Structured products, Money Market instruments, FX, mortgage-backed
securities, Asset-backed securities, alternatives investments, Collateralized
Debt Obligations and the agencies (e.g., FNMA, GNMA, and FHLMC).
Requirements
gathering with trade control analysts and traders to consolidate data
repository for reporting BPs crude oil and products Futures & Options,
hedges, swaps and Volumetric Exposure on the New York Mercantile Exchange up to
regulatory bodies (NYMEX trade regulators and FERC (Federal Energy Regulatory
Commission) regulators. Reconciling positions in IST Trade Control for APR
(Automated Positions Reporting) for market and supply crude (WTI, Brent,
others), heating oil (HO) and unleaded gasoline (UNL). Data, futures, options
positions, position limits, EFP and Swap deals.
Responsible
for business user review sessions, requirements gathering, UAT test scripts,
gap analysis, data consolidation, benchmarks, metrics and attributes for
Automated Positions Reporting.
Responsible
for writing specifications to build data store, data assumptions, Dimensions,
data fields specific to entity (hedge group), deal information fields (Market
vs. Supply, Deal type: Wet, Paper, EFP, Swap); future specific and Option
specific data (NYMEX open interest, IPE, OTC, option delta), and EFP specific,
Swap, Market, Supply Crude (crude grade, WTI, Brent, Dubai, EOR, WOR crude
categories) and product specific requirements.
Requirements
gathering and project lead on initiatives to implement Straight-through
processing (STP) for the Asset and Funding Trading Desks integrating Bloomberg
Gateway and Bloomberg Portfolio Order Management System for data mapping trade
tickets on securities and derivatives on the asset and funding desk to SunGard
Middle Office Manager and SunGard InTrader and Wall Street Systems treasury
application. Authored Charles River (CRD) gap analysis review
sessions for order management selection. Charles River
compliance module for Money Market fund and Rule 2a-7, eligible securities,
ratings and alerts, warnings and exceptions documentation.
Managed project from initiation to close. SME for
bank-traded Fixed Income products including Mortgage-backed securities,
Asset-backed Securities, Equity options, Interest-rate and Credit swaps,
structured products, TBAs, new issues, CMOs, agencies (FNMA, GNMA and FHLMC),
Foreign Exchange and Interest-rate Swaps.
Developed
applications to track risk exposure, trading positions, algorithmic models
designed to capture best execution; and Monte Carlo simulations, arbitrage, and
spreads and due diligence for traders on the Foreign Exchange trading desk. Utilized Excel spreadsheets and real-time trading floor
applications such as Devon, Sun-Gard, DTN, Bloomberg and Reuters to manage risk
exposure for the foreign currency trading room. Client/server
transactional platforms utilized.
Responsible
for analysis of derivatives, futures & options, foreign exchange and
securities risk management.
Communicated
with trading partners through e-mail and spreadsheet reports for position
limits and trade
Reconciliation. Remitted S.W.I.F.T. data for trade balancing.
Authored requirements where an FX conversion is
required in respect of US-booked trades, the FX deal is executed directly with
the US FX execution desk and all intercompany/backtoback trades with Japan are
executed in the appropriate base reporting currency (USD).
Developed reports and Excel queries of Fixed Income
securities trading and processing with emphasis on US Government securities
(both outright and Repo) for bank management. Responsible for P&L reporting, confirmation with trading
partners, and end-of-day reporting of positions.
Successfully
led and managed Clearing for Listed and OTC Derivative and Equity Options,
extensive report creation of out-trades, trading and security violations.
Responsible for investigative reporting, Position Limits, trading floor access
and security, creation of passwords and security profiles. Analyst
responsible for client/server and transactional processing. Led team of enforcement and risk personnel.
Created
applications to link databases and trading floor clearing of Futures, options
derivatives, transactions and margining applications through Reuters, Devon,
Dow- Jones Telerate, GMI, DTCC, NSCC and GSCC for real-time trade matching,
Bloomberg and SunGard for real-time views of ETD's, FX, commodities, futures
& options, precious metals (gold, silver, platinum, palladium physical and
cash settled), Eurodollar, Interest rate, S&P 500 Index and Commodity Index
futures and options; Treasury Bonds futures, Treasury Bill futures, Federal
Reserve Fed Funds Rates, Grains and Agricultural commodities, foreign exchange
and derivatives for trading floor enforcement and operations. BRD specs for
Globex 24-hour Asian and European markets electronic trading system and spot
quote prices.
Developed applications to track risk exposure,
trading positions, arbitrage, and spreads and due diligence for traders on the
FX trading desk.
UML,
(Unified Modeling Language) and RUP (Rational) Development Object-oriented
development 2005
QRM
Quantitative Risk Management training, Chicago, IL 2005
Charles
River Development, Charles River Investment Management System compliance
certification, Burlington, MA 2005
Project
Management Institute (PMI), Dayton, OH chapter, 2005
Available: 13 January 2014
Citizenship: American
Limited
Company: Green Derivatives Trading Desk,
Limited (registered England, & Wales), United States