Ali Zaman
Middletown,NJ
Overview
14
14
years of professional experience
Work History
CITADEL
Vice President (MO Repo/Fixed Income)
New York, USA
10.2020 - Current
- Led firm wide initiative to automate the reconciliation of non-cleared Repo bilateral activity
- Ensured the entire Global book is reconciled on trade date and throughout its lifecycle
- Successfully onboarded multiple counterparties onto each platform through deployment of external vendors.
- Redesigned Repo roll mechanism for USTs and MBS, achieving $1M in annual savings and reducing daily failure rate by 25%.
- Cut $200k in transactional expenses annually using third-party matching vendors.
- Provided escalation support to PMs, Traders, RMs, and custodians for Fixed Income inquiries.
- Forecasted cash needs across 20+ entities to ensure timely liquidity for operations.
- Collaborated with PF and Treasury teams to maintain compliance of smaller capitalized entities.
- Crafted detailed reports highlighting improved liquidity strategies that reduce exposure.
- Collaborated with Treasury and PF teams to optimize balance sheet resources through strategic fund distribution.
- Worked with Technology, Compliance, Accounting, and Operations teams to create Sponsored Repo aligned with regulatory requirements.
- This initiative saves approximately $10mm per annum and finished months ahead of schedule
- Facilitated industry-wide compliance by setting up Same Day Settlement as a precursor to 2025/2026 fedwire clearing mandate.
- Helped enable cross boarder and cross currency trade flow for USTs and Euroclear/GBP currency which helped reduce balance sheet activity and save the desk $1mm annually
- Automated process by setting up customer settlement and cash instructions directly in our in house system
- Lead regulatory Audits with third party vendors (Fixed Income, USTs, MBS, Canada, etc)
- Maintained adherence to 15c3-3 possession and control requirements.
- Maintain accurate books and records, reconcile cash and stock record on trade date to mitigate risk and eliminate cash/position breaks
STANDARD CHARTERED BANK
Vice President (MO Repo)
New York, USA
09.2017 - 10.2020
- Coordinated with Senior Management to integrate SCB among the inaugural Sponsored Repo Members at FICC.
- Supported Management in integrating US Treasury/MBS flow into the bank.
- This initiative was part of a $5.5 million cost reduction per year project
- Boosted overall financing capacity of the Repo desk by $500mm each day.
- Separated non-rehypothecated assets and coordinated directly with custodian for seamless account linkage.
- Collaborated with multiple departments to implement onboarding processes for Domestic Triparty and GCF.
- Streamlined processes from front end to bank end while focusing on allocation efficiency and limited cash usage to ensure less DoD breaches
- Reduced BONY Triparty maintenance expenses by 40%.
- Identified inactive and duplicate Triparty accounts, leading to significant savings on maintenance fees.
- This exercise earned Global recognition and was presented to all Senior Managers
- Reduced failed settlements by coordinating with Global teams in all domestic and international markets (FED/DTC/Euroclear/Clearstream/Austraclear)
BLACKROCK
Middle Office Repo
Wilmington, USA
11.2016 - 09.2020
- Manage transactions with counterparts across product sectors (USTs, MBS, corporate bonds, muni's, and other Fixed Income, Equity, DTC securities), routing trade details and portfolio allocations from written or electronic trade confirmation while prioritizing on same day settlement trades
- Manage projects and control daily trade support functions on Repos, Equity and Fixed Income trading platforms for internal clients and external counterparties
- Instrumental role in consolidating headcount and obtained greater efficiency through automated improvements (Broker Trade Matching, SSI defaults, Counterparty Maintenance etc.)
- Maintain awareness of industry changes and their impact on the confirmation process
BARCLAYS
Tri Party Analyst
Newark, USA
06.2013 - 11.2016
- Helped decrease overall cash usage from external clearing agent BONY, reducing operating costs by $5 million annually by simplifying processes for intra-day and end-of-day Fixed Income (UST / MBS) allocations
- Improved Middle Office procedural efficiencies in allocations and daily processes by 40% using more effective controls in optimizing and allocating different Fixed Income and Equity instruments
- Researched trade economics for allocations on Tri-Party platforms, leveraging expertise on the Bloomberg terminal, maximizing allocation efficiency, and ensuring trade balance internally with BONY
- Addressed and remediated unmatched trades with several offices and sales teams to ensure that all Tri-party trades were properly booked in Barclays' systems
JP MORGAN
Financial Analyst (International Settlements)
Newark, USA
06.2011 - 03.2013
- Selected by senior management to exclusively train in New York City to learn and reassign position to Delaware
- Monitored and amended 1000's of Equity and Fixed Income trades in live markets (Canada, Mexico, Brazil) and closed markets (Indonesia, Japan, Peru, etc.) on a daily basis under heavy time constraints
- Organized settlements of superior trades, specifically Fixed Income trades and cash reconciliations, ensuring cash availability in accounts and portfolios according to correct currency for timely trade settlements
Education
Masters of Business Administration - Finance
SAINT JOSEPHS UNIVERSITY
Philadelphia, PA01.2011
Licenses Certificates
- Series 99
- SIE (Securities Industry Essentials) Certificate
Timeline
CITADEL
Vice President (MO Repo/Fixed Income)
10.2020 - Current
STANDARD CHARTERED BANK
Vice President (MO Repo)
09.2017 - 10.2020
BLACKROCK
Middle Office Repo
11.2016 - 09.2020
BARCLAYS
Tri Party Analyst
06.2013 - 11.2016
JP MORGAN
Financial Analyst (International Settlements)
06.2011 - 03.2013
Masters of Business Administration - Finance
SAINT JOSEPHS UNIVERSITY