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Zia Siddiqi, Operations, Risk Management and Technology, Managing Director

Zia Siddiqi

Operations, Risk Management and Technology, Managing Director·Stochastic Capital LLC

United States

Diploma, Risk Management

Work experience

Total years of experience: 15 years, 0 months

Operations, Risk Management and Technology, Managing Director

October 2012 - August 2014

Stochastic Capital LLC

October 2012 - August 2014

Stochastic Capital LLC October 2012 - Present
Operations, Risk Management and Technology, Managing Director

* Instrumental in setting up of this small equities long and short hedge fund from inception to operations
* Responsible for strategic planning, budgeting, implementation of operational controls, processes and procedures
* Calculation and reporting of daily P&L and performance
* Normalizing and scrubbing of market and pricing data received from various sources
* Automation of trading algorithms and execution processes with the help of APIs.
Job role:
Other

Data Services, Operations and Technology, Managing Director

March 2012 - October 2012

Private Client Resources

United States

March 2012 - October 2012

Private Client Resources, Wilton, Connecticut March 2012 - October 2012
Data Services, Operations and Technology, Managing Director

As the head of Data Services and Technology, I managed employees across three separate departments of Operations, Quality Control and Data Management. I was responsible strategic planning, budgeting, implementation of controls, process improvement and overhaul of procedures
* Reduced the error rates from 28 per 1, 000 manual transactions entered to 2 per 1, 000 transactions entered in a span of 6 months.
* Reduced the client onboarding time by 50%
* Setup a new Quality Control department from scratch; trained staff and assigned responsibilities along with monitoring mechanism to track daily work
Job role:
Other

Model Control, Director

April 2011 - March 2012

UBS

United States

April 2011 - March 2012

UBS, Stamford, Connecticut April 2011 - March 2012
Model Control, Director

* Report in to the Global head of Model Control Quants, managing a team of IT professionals and a very high profile project for Securities Model Monitoring and Control, involving valuation model testing and reconciliation of expected P&L and actual P&L and resolution of differences.
* Managing Risk IT team across department lines and working as a conduit between programmers and Quantitative Analysts, responsible for data models and their reconciliation with the Risk Systems.
* Designed a P&L and Risk aggregation tool by using data cubes
* Validate models usage, parameterization and calibration by context for each of the approved products
* Design and implementation of product taxonomy for OTC derivatives
* Designed the Model Risk Database in Oracle using two and three dimensional data types including, Vectors and Matrices and cross tables.
* Manage the project list for Production Risk Quants and act as a project manager for process improvements, enhancements and new initiatives.
Company industry:
Banking
Job role:
Beauty and Fashion

Risk Management Group - Vice President

October 2006 - March 2011

AIG Financial Product

United States

October 2006 - March 2011

AIG Financial Product, Wilton, CT October 2006 - March 2011
Risk Management Group - Vice President

• Develop, track, and forecast financial metrics including Liquidity, P&L, Balance-Sheet and Market Risk indicators;
• Work closely with AIG management and steering committee to device individual and collective business unwind strategies;
• Track actual progress and revise estimates based on market conditions and liquidity constraints;
• Classification of deals in to Risk Books and generate financial reporting for each book with various frequencies
With responsibilities in market, credit and operational risk
• Report in to the Head of Risk; managing daily risk reporting, mark to market valuation, monitoring of Greeks and other key market risk indicators
• Facilitate the booking of complex trades, prepare booking notes, and ensure that the trade representation is accurate in the risk systems and in accordance with the legal confirmation
• Logging and investigating incidents related to trading, risk and other departments of the organization, making recommendation for remediation and process improvement
• Maintain and prioritize the project list, document specification for new projects and project management, ensure efficiency and consistency across all systems in the firm
• Documenting and enforcing policy and procedure documents for various aspects of Risk
Job role:
Other

Head of Transaction Management Group

January 2005 - January 2006

Structured CDOs

January 2005 - January 2006

Head of Transaction Management Group, 2005-2006
* Structured CDOs, assisted in negotiation of contracts and allocation of assets
* Defined the trade capture and allocation strategy and infrastructure for the newly formed hedge fund.
* Assisted in the Launch of the Hedge Fund with accountability for the trade flow, creation of the internal positions database, selection of Prime Brokers, definition of transactions flow and funding, and selection of HFA.
* Opened new accounts with clearing brokers, defined their roles and responsibilities, provided reconciliations, generated policy and procedures documentation.
* Selected vendors, provided allocations policy and procedures, defined back-to-back Intermediation process for CDS.
* Developed training curriculum; and implemented training of traders and operations staff.
Job role:
Other

January 1999 - January 2006

UBS

United States

January 1999 - January 2006

UBS, Stamford, Connecticut 1999 - 2006
Company industry:
Banking
Job role:
Other

Risk Manager - Associate Director

January 2003 - January 2005

DTC Clearance, International Settlements, Stock Loan, Reorg, Corporate Actions

January 2003 - January 2005

Risk Manager - Associate Director, 2003-2005
* Managed staff of 24 including three teams of controllers and reconcilers.
* Placed Key Controls across P&S (Purchase & Sales), DTC Clearance, International Settlements, Stock Loan, Reorg, Corporate Actions, Prime Brokerage Ops and Fails Management.
* Ensured the effective enforcement of all regulatory requirements including SEC regulations, NASD Regulation SHO Threshold Security List, Sarbanes Oxley Act, NYSE extensions and buy-in procedures.
* Collaborated with the Business Unit Control and the Financial Control Department to resolve regulatory, compliance, and P&L issues.
- Forecasted future requirements; analyzed risks, costs and benefits; and become the change agent for process improvement and innovation.
- Interacted with internal and external auditors and regulatory bodies including tabulation of required reports, responding to queries and implementing auditor recommendations.
* Established possession or control requirements ensuring appropriate segregation of customer positions in domestic and international markets.
* Mitigated overall compliance risk by generating more than 50 control reports.
Job role:
Other

Reconciliations Manager

January 2001 - January 2003

DTC Clearance, International Settlements, Stock Loan, Reorg, Corporate Actions

January 2001 - January 2003

Reconciliations Manager, 2001-2003 Client Services Analyst, 2000-2001
Job role:
Accounting and Auditing

International Settlements Analyst

January 1999 - December 2000

Aim Technology Ltd

January 1999 - December 2000

International Settlements Analyst, 1999-2000 Aim Technology Ltd, 1994-1997
Job role:
Other

Education

Columbia University

June 2010

June 2010

Diploma, Risk Management

United States

UNIVERSITY OF CONNECTICUT

January 2005

January 2005

Master's degree, Finance and Accounting

United States

UNIVERSITY OF RHODE ISLAND

January 1998

January 1998

Bachelor's degree, Finance

United States

Skills

CREDIT
Expert
CREDIT
Expert
DOCUMENTING
Expert
DOCUMENTING
Expert
FINANCIAL REPORTING
Expert
FINANCIAL REPORTING
Expert
LOGGING
Expert
LOGGING
Expert
METRICS
Expert
METRICS
Expert
PROCESS IMPROVEMENT
PROCESS IMPROVEMENT
PROGRESS
Expert
PROGRESS
Expert
REMEDIATION
Expert
REMEDIATION
Expert
RISK MANAGEMENT
RISK MANAGEMENT
TRADING
TRADING

Languages

English
Expert
Urdu
Expert