Cecile Ayalde

· Monitor Aged fails and research root cause of fails.

· Oversea multiple reports such as Seg deficit, Aged fails, COD/COR extensions, Nostro breaks, FED trades breaks, Stock loan breaks and International breaks

· Determine the cause of the short and covering communicating to the brokers, Stock loan and the client

· Monitored CNS buy-ins and retransmitting to the street

· Handled Nostro accounts,research and distribute breaks to the appropriate team

· Assisted other departments in researching breaks for Stock Loan, International, Domestic and FED

· Initiate partial settlement to the street and pair offs to avoid a buy-in.

· Track High Value unapproved on RAD and informed the client.

• Overseeing our operation in Lisbon, India, and New York.

• Monitor high exposure settlement of FX trades and confirm all details before payments to be sent out

• Responsible for approving high value settlements, SPO, Wire transfer, Swift payments, pair off, and partials.

Reviewed all unmatched high value trades in FED, DTC, International (Calypso) to operations, front office and stock loan to ensure settlements.

• Monitor Transaction Journal - daily activities for both International and Domestic.

• Review results of all cash settlements, ensure it matched BPS/Lynx and bookkeeping.

• Monitor and approve all adjusted out-of-balances and purge on of open securities in BPS Cage.

• Reviewed trade report to ensure settlement made the necessary changes to adjust for the cxl and rebill of an affirmed trade.

• Reconcile all aged breaks and provide detailed research to operations if necessary.

• Resolved the final escalation for International, FED, domestic settlement issues and assisted in escalation of the clients

• Work closely with IT department to improve internal processes and mitigate risks.

• Reconcile internal reports and manage audit trails.

• Responsible for deliveries and receives for Prime broker, Omnibus, Broker to Broker, and CNS

• Monitored the availability of securities, and coordinated borrows or close short positions on stock record to satisfy delivery needs.

• Identified outstanding deliveries and determined the cause of failure.

• Performed all daily duties of recognizing operational errors in the daily reconciliation process.

• Assisted clients with order entry, partials, trade unmatched and correction needs.

• Prepared inventory of all documents for record retention and auditing purposes.

• Proactively reconciled suspense accounts.

· Ensure the accurate and timely completion of trade confirmations and settlements across multiple markets and asset classes. This includes verifying trade details and coordinating with internal teams and external counterparties to resolve

· Perform reconciliations of trade records and generate reports to monitor settlement status, addressing any discrepancies that arise.

· Maintain daily communication with brokers, custodians, and third-party vendors to expedite the timely settlement of trades. This includes managing settlement instructions and confirming trade details.

· Monitor settlement instructions and oversee payment processing to minimize operational risks and ensure compliance with regulatory standards.

• Manage a high volume, fast-paced environment with strict deadlines
• Responsible for the entire post trade process, including transmission of trades to counterparties,matching/confirmation of trades and resolution of exceptions
• Communicate daily with Middle office, counter parties to expedite trade settlements
• Maintain day to day relationship with a wide range of brokers and custodians.
• Participate in technology development efforts as needed.
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• Ensure all sales are swapped or recalled daily with sales monitored to completion.

• Monitor all open client sales for buy ins – working to minimize risk to the client.

• Ensure that all cash or share differences are resolved daily.

• Transfer of collateral related to foreign loan activity and mark to market via DTC SPO system.

• Maintained loan detail, loan accrual and loan accrual adjustment file, and the daily reconciliation of outstanding loans with client.

• Processed monthly income fund payments and posted to client cash projection report.

• Confirmed cash collateral balance with Agent for end of day reconciliation.

• Coordinated and reported domestic partial trades to client.

· Handled the end to end settlement of diverse financial instrument (FOREX, Money Market, Bonds, Derivatives)

· Matched trade details with counterparties, investigated mismatched and confirming confirmations

· Ensured funds are transferred correctly and on time across different currencies and jurisdictions.

· Resolved settlement breaks or payment issues

· Monitored Nostro balances for accurate cash positioning

· Participated in UAT and workflow reviews for settlement system

• Collected and/or paid out dividend/interest via formal claim letters, DSS charges, or manual DTC adjustments.

• Verified dividend rates via DTC and Bloomberg.

• Researched and resolved aged outstanding items such as trade settlement issues, dividend/ interest collection, compensation charges, etc., of

foreign/domestic/ governmental securities, processed through Euroclear, DTC, Merrill Lynch, JP Morgan.

• Responsible for distributing all foreign cash dividends, Ordinaries and ADR's to a large volume of customer accounts accurately on payable date.

• Responsible to elect on all foreign withholding taxes and refund from treaty countries, including France, Germany, Finland, Netherlands, Canada for a wide variety of customer accounts using DTC, Globe Tax, BONY, etc. via Split letters, EDS and/or submitting required form to foreign government in highly time sensitive environment.