The Marketplace for Regulatory and Compliance Jobs

My Resume Resume Details

<< Back to list of resumes

First Name: Hidden
Middle Name: Hidden
Last Name: Hidden
Company: -
Address: Hidden
Region/Country: -
States/Counties: -
City: -
Postal Code: -
Primary Email: Hidden
Alternative Email: Hidden
Home Phone: Hidden
Office Phone: Hidden
Fax: Hidden
Mobile Phone: Hidden
Preferred Contact Method: -
Resume Name: My Resume
Current Job Title: none
Summary/Headline: 
Bulge Bracket Mkt Risk Mgr for insured-deposit banks and treas. MBS, ABS, prime & sub-prime resi mortgages, IR, FX & credit derivatives.  Report to the Bank's Board of Directors.   Manage regulatory relations.  Previously MRM for Equity Derivatives, Alternative Investments, Managed Futures Accounts.
Employment Objective: A senior Market Risk Management role closely partnered with the business line.
Employment Type: -
Sector: -
Sub Sector: -
Risk Type: -
Expertise: -
Degree: -
Salary: -
Resume Text: 
SUMMARY:	
Market Risk Manager for ML&Co. Global Treasury and for deposit-taking banks with >$100bn in combined assets, including MBS and ABS securities, prime and sub-prime residential mortgages, interest rate, FX and credit derivative products.  Created the market risk teams and processes for these banks. Responsible to their Boards of Directors for all market risk issues, including managing regulatory relations (FDIC, OTS, UDFI).  
	Previously risk-managed Equity Derivatives, Interest Rate Derivatives, Alternative Investments (and Commodities) and built derivative counterparty credit risk pricing tools.

2000 - present	MERRILL LYNCH, Managing Director (previously Director)
	Market Risk Manager – ML&Co. Global Treasury (since 2007)
	Market Risk Manager -- ML Bank USA, ML Bank & Trust-FSB (since 2000)
-	Created the banks’ market risk functions, which resulted in the banks being awarded the highest CAMELS “S” ratings by the FDIC every year. 
-	Won the first FDIC approval for a bank to use VaR for calculating regulatory capital.
-	Converted market risk controls / processes for a NJ state-chartered bank to OTS standards for a Federal Savings Bank, and expanded risk coverage to two acquisitions ($15bn+ in assets), all within fifteen months.
-	Established market risk policies, limits and monitoring for ABS, CMBS, MBS securities, whole loan mortgages, derivatives.
-	Validated newly-built front-office risk systems, yield curve and volatility surface construction, pricing models for derivatives and mortgage products.

1993 – 2000	DEUTSCHE BANK, Principal
	Credit Pricing Methodology - Group Market Risk Management 
-	Developed / implemented arbitrage-free methodology to price credit risk of a derivatives portfolio.  Convinced management to use this calculation to set credit reserves for the global interest rate derivatives portfolio.

	BANKERS TRUST, Principal (previously Associate, VP)
Market Risk Manager – Corporate Risk Management
- 	Managed teams evaluating risks; setting and enforcing limits; approving new businesses and pricing models for
➢	Synthetic wraps for Alternative Investments and Stable Value Funds. 
➢	Equity Derivatives, Convertibles, Cash Equity. 
➢	Interest Rate Derivatives.
- 	Led implementation of system to calculate credit reserve for derivatives.  Managed a team that developed new methodologies / infrastructure to calculate credit risk capital.
- 	Led special task force to evaluate Latin American derivatives -- identified fundamental modeling errors and significant risks, resulting in complete model re-writes.
Equity Analyst - Principal Investment Group (1992 - 1993)
- 	Valued investments in private equities, convertible bonds and warrants.

1988 - 1990	COMMODITIES CORPORATION (GOLDMAN SACHS), Associate
Trading Analyst – Commodities Trading Administration 
- 	Evaluated CTA trading strategies.
-	Designed, developed capital allocation evaluation software.

1985 - 1988	NATIONAL SECURITY AGENCY
Mathematician Cryptanalyst – Designed, developed cryptanalytic computer algorithms.


EDUCATION:	
	CORNELL UNIVERSITY - JOHNSON GRADUATE SCHOOL OF MANAGEMENT 
1992	MBA Finance and Japanese Management; with distinction

	HARVARD COLLEGE 
1985	BA Biology
Availability Status: Available after notice time to current employer
Availability Date: -
Relocation Preference: -
Certifications: -
Personal: -
References: -
Application File: Hidden
Post Date: 03/02/2008