James Connolly
Garden City,NY
Overview
25
25
years of professional experience
1
1
Certification
Work History
Trade Life Cycle Associate
JP Morgan Chase
11.2021 - Current
- Support trade processing platforms through the monitoring and resolution of complex issues
- Interact daily with clients, internal stakeholders, counterparties, traders, custodian banks and senior management
- Identified and implemented process controls to streamline service efficiencies
- Identify trade discrepancies to mitigate risks to the trade life cycle
- International securities
- Local market settlements, derivatives, repos, Treasuries, ADR and Corp Bonds
Middle Office Consultant
Newberger & Berman
09.2021 - 11.2021
- Responsible for all phases of middle office functions with the primary objective to resolve current issues with the consolidation of multiple OMS systems
- Reconciling discrepancies between trading systems and accounting systems
- Accountable for monitoring and resolution of all Equity, Fixed Income and mutual fund breaks
Senior Settlements Officer
SOCIETE GENERALE USA
02.2017 - 04.2019
- Assigned task to reduce fail rate for Societe Generale's US Broker dealer services
- Networked with Worldwide SG departments such as FO/MO/BO, Risk, Legal, Compliance and Audit
- Analyzed and reported to Management, Root Causes pertaining to all failing trades
- Successful in reducing the overall fail rate from 34% to 11% in the first 6 months then to 5% in 12 by utilizing OMGEO CTM to pre match prior to S/D
- Worked directly with DTCC to successfully bring the US Broker Dealer's affirmation rate up to industry standards, which reduced clearing charges in excess of 250k annually
- Adjusted Fixed income and Repo departments workflow to utilize Omgeo CTM which increased successful settlements by 23%
- Streamlined communication and escalation process with outsourced clearing services improving settlement processes
- Systemized Oversight team to review and take action on SLA agreements with outsourced clearing services
- Revamped sources and data necessary to accurately report KPI information to monitor specific lines of services and reduce Risk and Exposure
Property Management Director
Wrights Property Management LLC
11.2016 - 02.2017
- Forge and sustain relationships with key decision-makers within residential and commercial properties
- Developed reports, administer budgets, allocate resources, and initiate operational compliance to conform and comply with industry standards
- Managed property improvement projects, partnering with contractors, building owners, and stakeholders to secure on-time deliverables
- Successfully coordinated execution of multiple high-value property build-outs and upgrades to enhance marketability and position of assets
- Successfully turned around high delinquency rate by effectively communicating with tenants and improving process for collecting and tracking revenue
Middle Office Manager
EXANE INC.
04.2013 - 11.2016
- Streamlined all Foreign and US middle office functions, settlements and day to day workflow
- Created, implemented and monitored risk controls for all markets
- Communicated and coordinated risk control reports to home office for review and analysis to continually minimize risk exposures and potential losses focusing on options desk
- Collaborating with Legal & Compliance on issues and regulatory requests
- Implemented real time EOD surveillance reporting for trading activity
- Responsible for daily OATS review, taking corrective action on all OATS breaks and rejections
- Worked with DTCC to resolve discrepancies with counterparties not pre matching on OMGEO OASYS
- Increased settlement rate by increasing frequency of Omgeo Alert updates
- Updated risk control limits related to Market Access Rule (SEC Rule 15c3-5) as well as controls surrounding the error account
- Risk Reduction, Establish Procedures, Monitoring Controls, Compliance, Mortgage-Backed Securities (MBS), Researched, coordinated and negotiated contracts for outside OMS vendors to implement systems necessary to automate workflow
- Created the infrastructure and systems needed to effectively track and bill CMTA option trades
- Managed NY staff for all Front, Middle and Back Office responsibilities
- Served as project manager for multiple projects, including development and implementation of risk controls necessary to limit/eliminate the possibility of loss by preventing the event from occurring
Operations Director
DAHLMAN ROSE & COMPANY
01.2010 - 04.2013
- Supervised employees for middle office and options desk to provide support and assistance for Customers, Sales, Trading, Syndicate, Finance, Compliance, Technology and Research Departments
- Worked directly with key vendors to establish annual goals/objectives and monitored progress throughout the year, including providing course-correction guidance as warranted to guarantee agreed services
- Efficiently performed various administrative duties on syndicate desk for Fixed Income Division
- Reported all middle office functions directly to COO and CFO such as evaluation of staff, as well as trading and sales commissions, P&L's, errors and other relevant information
- Monitored all Firm trading accounts at Pershing and Goldman Sachs to ensure accurate P&
- Worked directly with CCO to implement account opening and client onboarding procedures to ensure that the firm was compliant with the most current rules
- Assisted CCO in all trading compliance functions for strict process control analysis including determine, accessing and managing the risk associated with AML, KYC, US Patriot Act
- Explored, researched and onboarded new business opportunities to expand revenue for the firm
- Coordinated, Negotiated and Implemented OMS systems to increase allocation automation by over 30% to minimize staff and reduce human error vulnerability
- Interacted directly with CFO to reconcile month end financial reporting
- Responsible for reconciling, executing and reporting all FX (foreign currency) transactions and firm balances
International Operations Manager
NORTHEAST SECURITIES INC.
05.2000 - 12.2009
- Managed all phases of operations of Domestic, International and Physical trade clearance issues
- Extensive communications with compliance in overseeing all regulatory rules and regulations
- International interaction with local market settlements in Latin America, UK, France, Germany, Belgium, India, Japan and many others
- Daily interactions with accounting to ensure a smooth flow for the firm and the Brokers revenues
- Responsible for the monitoring and reconciliation of all the firm's trading accounts
- Managed a staff of 6-8 employees at any given time
- Ensured the quality needed to successfully support approximately 200 independent brokers
- Responsible for all documentation and paperwork to onboard and maintain customers' accounts
- Interacted daily with Marketing to generate new business and profit centers for the firm
- Responsible for all Forex trades to ensure customer satisfaction for multiple currency accounts
- Supervised extending leverage to exotic issues for expanding investments utilizing non-purpose loans
- Support and assistance with Private Placements
- Onboarded and maintained multiple Tri Party relationships for existing BD's that were not eligible for clearing directly with Pershing
- Monitoring Controls, Compliance, Risk, Risk Management
- Worked directly with the CEO to review and focus on goals and direction of the firm
- Coordinated and negotiated the expansion of the direct relationships with multiple clearinghouses
Education
Nassau Community College
Garden City, NYSkills
- Fidessa
- DTCC
- NETX 360
- Bloomberg
- OASYS
- OMGEO CTM
- Trace Reporting
- Exel
- Word
- Powerpoint
- Sales
- Marketing
- Data Entry
- Business Development
- Oversight
- Risk
- Compliance
- Regulatory Audits
- Leadership qualities
- Customer interaction
- Decision-making
- Complex Problem-solving
- Time management
- Attention to detail
Certification
- Series 99
- Management/Supervisory Certificate
- AML Certification
Timeline
Trade Life Cycle Associate
JP Morgan Chase
11.2021 - Current
Middle Office Consultant
Newberger & Berman
09.2021 - 11.2021
Senior Settlements Officer
SOCIETE GENERALE USA
02.2017 - 04.2019
Property Management Director
Wrights Property Management LLC
11.2016 - 02.2017
Middle Office Manager
EXANE INC.
04.2013 - 11.2016
Operations Director
DAHLMAN ROSE & COMPANY
01.2010 - 04.2013
International Operations Manager
NORTHEAST SECURITIES INC.
05.2000 - 12.2009
Nassau Community College
Similar Profiles
Lisa Olivia GrenviczLisa Olivia Grenvicz
Private Client Banker at JP Morgan Chase & Company (Chase Bank)Private Client Banker at JP Morgan Chase & Company (Chase Bank)
Taylor SimsTaylor Sims
Client Services Specialist & Associate Banker at JP Morgan Chase & Chase BankClient Services Specialist & Associate Banker at JP Morgan Chase & Chase Bank
Miranda GuerreroMiranda Guerrero
Associate Banker Market Expansion at Jp Morgan Chase ChaseAssociate Banker Market Expansion at Jp Morgan Chase Chase
Mahesh TelgadiMahesh Telgadi
Team Leader at JP Morgan Chase pvt LtdTeam Leader at JP Morgan Chase pvt Ltd
Sandra JametSandra Jamet
Director of Development & Grants Administration at Council of State Governments Justice CenterDirector of Development & Grants Administration at Council of State Governments Justice Center