Vice President
TradeStation Securities, Inc
Total years of experience :20 years, 1 Months
Head of Security Lending team responsible for $10 million in annual revenue - keywords: Security Lending, Revenue
•Head of Clearing Operations - Lead 35 professionals who support Cash Equities & Options, Foreign Exchange, Treasury, Account Opening and all FCM activities - keywords: Cash, equities, Futures, FCM, Options
•Support and manage budgets, forecasts, expense management, MIS, dashboards, periodic tracking of variance and course corrections - keywords: budget, forecast, Expense,
•Partner with application development team to deliver technology enhancements that will reduce and eliminate operational risk - keywords: Technology, Reduce, Operational, Risk
Deutsche Bank Ag, December 2011 - April 2015, Regional Head of Collateral, Margin & Valuation
•Senior Manager responsible for 73 Operation professionals providing client margin, new business, settlement and reconciliation support to the Cleared, Un-Cleared OTC, Listed Derivatives and Repo & TBA businesses - keywords: Client, New Business, Settlement, Reconciliation, Derivatives, Collateral Management
•Reengineered disputes process, interest on cash collateral, SBLC, indicative data, repo, TBA and MNA processes - keywords: Reengineer, Disputes, Cash, Collateral, Data,
•Off-shored various processes while maintaining governance and oversight of key processes without compromising the integrity of the operations or control environment - keywords: Offshore, Governance, Oversight, Control
•Work closely with regional and global audit team in the identification and remediation of emerging control gaps - Keywords: Regional, Global, Audit, Remediation, Control
•Drive Operational changes based on business and regulatory changes, coupled with mitigating operational risk - Keywords: Operational, Changes, Regulatory
JPMorgan, November 2010 - December 2011, Executive Director - Operations & Client Services
•Senior operations leader responsible for 75 Operations and Corporate Action Client Service professionals supporting Corporate Pension plans, Custodians, Investment Managers, Sovereign Wealth Funds - Keywords: Corporate Actions, Client Service, Investment Advisor, Custodian
•Collaborate with Executive Management team and other division heads to develop and implement enhancements for operational systems, processes, and staffing designed to provide world class service to JPMorgan customers - Keywords: Collaborate, Team, Develop, Implement, Enhance
•Develop, motivate and lead a high-performance management team within Operations. Attract, recruit and retain staff capable of meeting established goals of providing world-class service with available resources - Keywords: Develop, Motivate, Lead, Team
•Spear-headed several automation initiatives that improved operational efficiencies and reduced operational risk - OFAC, Fax elimination using OCR technology, standardized check float tables, reduced unprocessed transaction rate by 70% - Keywords: Automation, Improve, efficiencies
Senior leader responsible for 25 Trading, Operational, Portfolio Engineering and Client Service professionals supporting a $41 billion Hedge Fund whose specialty was Global Assets Allocation, Global Macro, Long Short Equity, Essential Beta, Tactical Currency Allocation and Volatility Arbitrage Options strategy - Keywords: Trading, Operations, Client Service, Equity, Currency, Options
•Responsible for identifying and improving the Operations infrastructure through process control improvements and system enhancements. Support the process to identify, report and analyze errors, losses and near misses - Keywords: Identifying, Enhancement, Report, Analyze
•Implemented procedures and controls supporting CSA management to ensure client exposure is adequately collateralized with eligible assets - Keywords: Procedures, Controls, Client
Michael Cavanaugh - page 3
responsible for all pre-trade and post trade processing and settlements of all Fixed Income related products, Exchange Traded Futures and Options, Foreign Exchange, Emerging Markets and Equities - Keywords: Leader, trade, Operations, Settlements, Fixed Income, Exchange, Futures
•Reviewed trade process workflow, identified emerging risks and implemented new controls and procedures - Keywords: Process, Workflow, Risk, Implemented, Controls
Various Positions within the Financial Service Industry June 1983 - July 1998
General studies and part of the cooperative program for gifted kids.