DAVID McCUE
Swedesboro,USA
Summary
Dynamic leader with a proven track record at Citigroup Global Markets Inc., specializing in operations management and team collaboration. Expert in enhancing operational efficiency and driving growth, evidenced by increasing interest accrual settlements to 98%. Skilled in financial planning and fostering vendor relationships, consistently exceeding corporate goals through strategic planning and innovation.
Overview
21
21
years of professional experience
1
1
Certification
Work History
Director, Global Head of Fixed Income Margin Operations
Citigroup Global Markets Inc.
New York, NY
11.2017 - Current
- Manage global team responsible for margin call issuance and the exchange of collateral to mitigate exposure to institutional clients
- Products span across repo & reverse repos, TBA mortgages, equity prime brokerage, and OTC derivatives
- Develop and implement operational strategies that drive growth and improve efficiency
- Collaborate with cross-functional teams to enhance product delivery and customer satisfaction
- Monitor key performance indicators and analyze data to inform decision making
- Identify areas for improvement and implement best practices
- Foster a culture of continuous improvement and operational excellence
- Manage budget and resource allocation effectively
- Build and maintain relationships with key stakeholders both internally and externally
- Established margin dispute roles & responsibilities document encompassing all functions globally including senior representatives from numerous departments across Citi [e.g., legal, credit risk, sales & trading, compliance, etc.]
Senior Vice President, Financial Planning & Analysis – Markets Operations & Technology
Citigroup Global Markets Inc.
New York, NY
08.2016 - 11.2017
- Lead role in all financial reporting, planning, forecasting/outlooks, and monthly results analytics for Markets O&T businesses
- Analyze all financials for senior management review – monthly close process, outlooks, forecasts, and quarterly estimates
- Coordinate monthly collection and consolidation of flash estimates; communicate results to senior management partners
- Develop strong working relationships within O&T businesses; daily interaction including in depth financial reviews
Vice President, Global Markets Treasury – Liquidity Risk Management
Citigroup Global Markets Inc.
New York, NY
06.2014 - 08.2016
- Primarily focus on liquidity risk management of derivatives, while determining appropriate liquidity reserve levels
- Functions include stress test modeling, derivatives downgrade provisions, collateral stress testing and collateral optimization
- Project lead for the automation of allocating OTC derivatives funding costs to desks via transfer pricing mechanisms
- Project lead for automation of Liquidity Coverage Ratio & 5G stress scenarios into the Firm’s regulatory reporting system
Vice President, Collateral Management – OTC Derivatives
Citigroup Global Markets Inc.
New York, NY
08.2006 - 06.2014
- Managed a team of 15 analysts charged with tracking movements in MTM valuations on derivatives positions
- Major responsibilities of the team include monitoring MTM & independent amount exposures & issuance of daily margin calls
- Well-versed in ISDA & credit support annex (CSA) documentation
- Regularly attend client meetings to ensure the team are exceeding client expectations
- Member of the following ISDA working groups: margin survey, best practices, electronic messaging, & UMR
- Accomplishments include:
- Increased interest accrual settlements from 72% to 98% through effective implementation of various metrics and controls
- Improved control environment by developing exposure tracking module; ensuring staff is accountable & productive
- Executed robust controls and structured procedures to meet both internal and external audit requests and requirements
Team Lead, Contractual Settlements – OTC Derivatives
Citigroup Global Markets Inc.
New York, NY
06.2005 - 08.2006
- Responsible for resolving accounting breaks in the highest range in support of derivatives products
- Ensure that expected payment and receipt of funds agree to the accounting system, investigate all discrepancies
- Lead position in successful three-month project with focus on aged credits; resulted in $300 million recovered for the Firm
Sales Assistant
Institutional Research Services, Inc.
New York, NY
01.2004 - 06.2005
- Responsible for tracking company revenue on weekly, monthly, and annual basis
- Daily contact with CEO to assess company balance sheet
- Marketed fixed income and equity research to investment managers across the US; consistently exceeded sales goals
Sales & Trading Assistant
Raymond James Financial, Inc.
New York, NY
08.2003 - 01.2004
- Prospect high net worth individual leads through cold calling (700 calls daily)
- Obtain stock quotes for clients, assisted in managing client portfolios
Education
Bachelor of Arts -
LaSalle University
Philadelphia, PA08.2003
Skills
- Financial planning
- Business planning
- Business administration
- Project coordination
- Budget control
- Team building
- Vendor relationship management
- Regulatory compliance
- Performance management
- Goal setting
- Business development
- Hiring and retention
- Financial analysis
- Operations management
- Coaching and mentoring
- Team collaboration
- Problem-solving
- Risk management
- Financial management
- Process improvement
Certification
- FINRA Series 99 license holder
Timeline
Director, Global Head of Fixed Income Margin Operations
Citigroup Global Markets Inc.
11.2017 - Current
Senior Vice President, Financial Planning & Analysis – Markets Operations & Technology
Citigroup Global Markets Inc.
08.2016 - 11.2017
Vice President, Global Markets Treasury – Liquidity Risk Management
Citigroup Global Markets Inc.
06.2014 - 08.2016
Vice President, Collateral Management – OTC Derivatives
Citigroup Global Markets Inc.
08.2006 - 06.2014
Team Lead, Contractual Settlements – OTC Derivatives
Citigroup Global Markets Inc.
06.2005 - 08.2006
Sales Assistant
Institutional Research Services, Inc.
01.2004 - 06.2005
Sales & Trading Assistant
Raymond James Financial, Inc.
08.2003 - 01.2004
Bachelor of Arts -
LaSalle University
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