JOHN SIMMONS
Charlotte,NC
Summary
Results-driven finance professional with expertise in collateral management and margin operations. Enhanced reconciliation controls and led audit responses. Managed settlement processing while fostering team collaboration to optimize operations in high-pressure environments.
Overview
1
1
Certification
36
36
years of professional experience
Work History
Vice President, Collateral Management Group
Wells Fargo Securities
Charlotte, NC
01.2022 - Current
- Supervised team of Margin Analysts, ensuring efficient daily operations and adherence to compliance standards.
- Verify and approve all Collateral movements, including securities, cash, stocks, and dividends.
- Reconciled and managed the Letter of Credit Vault process, safeguarding asset integrity and availability.
- Reviewed and enhanced operational procedures and controls, optimizing workflow and reducing risk.
- Lead responses to internal and external audit requests.
- Guided new employees and interns in their training and integration into the team.
Vice President, Associate Manager, Client Relations Group
Wells Fargo Securities
Charlotte, NC
06.2013 - 09.2021
- Led Client Relations Group as a key liaison between internal teams and clients, fostering collaboration and communication.
- Directed Derivative Access setup and client onboarding.
- Resolved client issues and inquiries related to cash, collateral, and trade discrepancies, enhancing client satisfaction.
- Executed client tasks including FX rebalancing and SSL instructions via Salesforce, ensuring accurate and timely processing.
- Documented and maintained standard operating procedures for the Client Relations Group.
- Ensured timely daily settlements with the Minneapolis Approval Team.
- Managed internal and external audit requests.
- Bloomberg, OM GEO Alert, Salesforce, GMI.
Director of Execution Services
Pia Capital Management
Greenwich, CT
08.2009 - 02.2013
- Managed counterparty risk and position exposure while developing financing strategies to optimize capital allocation.
- Oversaw trade capture, settlements, reconciliation, and valuation to ensure accurate transaction processing and compliance.
- Structured financing solutions for foreign exchange and fixed-income positions to enhance liquidity and support trading activities.
- Executed trades across asset classes: fixed income, repo, FX, futures, cash metals (LME & precious), and equity.
- Reconciled discrepancies between funds, prime brokers, and external counterparties.
- Proficient with TT, and Bloomberg.
Manager of Operations
Assiduous Strategic Investments
Charlotte, NC
11.2005 - 02.2009
- Oversaw updates for ADV filings, disaster recovery, pricing policies, and compliance protocols to enhance operational integrity.
- Managed repo margins and FX exposures to optimize portfolio risk.
- Registered ASI with SEC and maintained regulatory documentation to ensure compliance.
- Performed daily and monthly portfolio pricing.
- Financed $3B in U.S. and foreign bond positions daily.
Head of Moore FIF Trading Desk
Moore Capital Management
New York, NY
10.1990 - 12.2004
- Directed trading operations for a $4B global macro hedge fund.
- Executed multi-asset trades across FX (developed/emerging/NDF), global rates (cash/futures/swaps), commodities (LME/cash/futures), stocks (cash/stock indices/ETFs), and corporates, enhancing portfolio diversification.
- Oversaw risk monitoring and ensured accurate trade order execution, flow dissemination, working order tracking, and position maintenance to mitigate trading risks.
- Monitored and reviewed all risk and trading limits for all portfolio managers.
- Effectively received and administered all requests from 10 Portfolio Managers.
- Spearheaded development of proprietary web-based blotter and risk system, streamlining operations and improving visibility for principal at Moore Capital Management.
Education
Bachelor of Arts - Economics
University of Rhode Island
Kingston, RISkills
- Collateral management
- Margin management
- Counterparty risk management
- Reconciliation controls
- Audit response
- Settlement processing
- Trade operations
Certification
- Series 99 and Series 3
Timeline
Vice President, Collateral Management Group
Wells Fargo Securities
01.2022 - Current
Vice President, Associate Manager, Client Relations Group
Wells Fargo Securities
06.2013 - 09.2021
Director of Execution Services
Pia Capital Management
08.2009 - 02.2013
Manager of Operations
Assiduous Strategic Investments
11.2005 - 02.2009
Head of Moore FIF Trading Desk
Moore Capital Management
10.1990 - 12.2004
Bachelor of Arts - Economics
University of Rhode Island