Charles Widder
Jersey City,NJ
Summary
Results-driven finance professional specializing in repo trading and collateral optimization. Expertise in automating workflows and enhancing funding efficiency through advanced Excel and VBA. Skilled in managing institutional relationships and executing strategic initiatives that reduce costs and improve asset utilization.
Overview
4
4
years of professional experience
Work History
Senior Associate, Repo Trader
BNY Mellon | Pershing
05.2024 - Current
- Manage $13B+ in daily tri-party funding across 50+ schedules, coordinating collateral allocation, funding execution, and liquidity requirements across institutional financing activities.
- Execute $2B+ in daily borrowing activity across securities and CUSIPs; manage 500M–2.5B in daily Treasury funding, sourcing and negotiating term and overnight financing through broker relationships.
- Maintained daily market coverage of 50+ counterparties, securities lenders, brokers, and institutional clients across corporate bond book; sourced borrows for client short positions and identified lending opportunities using internally held securities to improve inventory utilization and financing economics.
- Developed a cross-business collateral and funding optimizer, creating the allocation matrix and decision logic to optimize funding across 50+ tri-party schedules, Non-Purpose Loans (NPL), Customer Margin Loans (CML), the internal Bank, and concentrated clients. Reduced manual collateral movements by 75% and funding costs by 25%, while increasing lendable asset availability for the stock loan business.
- Led migration from legacy repo platform to new trading system as product owner, defining business requirements, designing workflows, and implementing solutions to enhance transparency, controls, and desk efficiency.
- Automated trading workflows and reporting with advanced Excel, VBA, and Bloomberg tools, reducing manual processing by over 50%; oversaw corporate bond automated borrowing program through EquiLend NGT and managed Euroclear bond sourcing and financing for clients with short positions.
- Collaborated with Treasury on daily liquidity management and regulatory reserve needs.
Advisor Development Program Analyst
Bank of America – Merrill Lynch
07.2023 - 12.2023
- Completed Advisor Development Program, obtaining FINRA Series 7 and Securities Industry Essentials (SIE) licenses to enhance knowledge and skills in financial services.
- Reviewed client portfolios and recommended suitable Bank of America products.
Summer Analyst, Advisor Development Program
Bank of America – Merrill Lynch
06.2022 - 08.2022
- Developed and presented hypothetical $1 million investment portfolio analyzing inflation and market implications for branch leadership.
Education
Bachelor of Science - Business, Finance
Indiana University, Kelley School of Business
Bloomington, IN05-2023
Skills
- Repo & Tri-Party Financing
- Fixed-Income Trading
- Collateral Optimization
- Securities Borrowing & Lending
- Treasury Funding & Liquidity Management
- Institutional Counterparty Relationship Management
- Bloomberg Terminal & BQL
- Advanced Excel & VBA Automation
- Funding Cost Analysis & Optimization
- Trading Systems Implementation & AI Automation
- Licenses: FINRA Series 7 Securities Industry Essentials (SIE)
Timeline
Senior Associate, Repo Trader
BNY Mellon | Pershing
05.2024 - Current
Advisor Development Program Analyst
Bank of America – Merrill Lynch
07.2023 - 12.2023
Summer Analyst, Advisor Development Program
Bank of America – Merrill Lynch
06.2022 - 08.2022
Bachelor of Science - Business, Finance
Indiana University, Kelley School of Business