Joseph A. Barrett
Lynbrook
Summary
Dynamic finance professional with extensive experience at Mizuho Securities USA Inc, excelling in risk management and trade reconciliation. Proven track record of enhancing workflows and achieving a 95% accuracy rate in trade bookings. Adept at client relationship management and fostering team collaboration to drive operational excellence.
Overview
24
24
years of professional experience
1
1
Certification
Work History
VP of Fixed Income Division / Cash Treasury, IG & HY Corporates
Mizuho Securities USA Inc
New York
12.2007 - 10.2023
- Responsible for calculating trading books total Dollar Value of an .01 (Dv01) in ION and BBG to keep risk in check.
- Monitored TRACE to ensure Mizuho was in the top percentile for on time submission of TSYs and Corp trades.
- Primary point of contact for all issues related to trading desks, trade booking, confirmation and all discrepancy resolutions.
- Executed end-of-day Position and P&L Reconciliation reports to identify discrepancies between front-office and back-office systems.
- Investigated trade breaks by tracing specific securities and diagnosing root causes, typically resolving in-house technical issues.
- Monitored and resolved urgent overnight trade breaks flagged by GSCC for trades executed the previous day.
- Reviewed counterparty confirmations to validate internal booking accuracy; in 95% of cases, internal records were accurate.
- Liaised directly with counterparties to correct GSCC-facing issues and ensured timely resolution.
- In cases of internal error, notified traders of trade booking issues, communicated P&L impact, and corrected trade entries.
- Collaborated with back-office teams to analyze and prevent missed trade breaks in real-time GSCC processing.
- Ensured trade lifecycle integrity and compliance through proactive reconciliation and cross-functional coordination.
- Assist trading with position liquidations in ION and BBG.
- Liaise with sales and settlement teams to reconcile and resolve trade breaks.
- Participate and manage all auction and FEDTrade operations.
- Assist in cross training new and existing employees.
- Collaborate with IT and trading teams to identify and improve workflows between ION/MMI and BBG to create more efficient and streamed line processes.
Supervisor, Cash Treasury and Agency Desk
Nomura Securities International
New York
08.2004 - 12.2007
- Responsible for booking and monitoring trades from origination to settlement.
- Limited and resolved trade and cash breaks by liaising with back-office operations.
- Quoted markets and facilitated trades of our agency inventory for the sales team.
- Liquidated shorted and long positions to clean up trader’s portfolio.
- Calculated traders EOD P&L. Reconciled any differences.
- Directly involved in communicating to management our performance in monthly meetings.
Client Representative for Global Clearing Division
The Bank of New York
New York
11.2002 - 08.2004
- Managed and maintained client relationships to ensure future business.
- Managed special US derivatives account (US TSY, GSE) Achieved 92% settlement rate.
- Discussed intently with clients regarding services provided and specific client needs.
- Sat in on monthly meetings to discuss client issues and ideas for increasing services.
Trader Assistant/Operations manager, Securities Lending
The Bank of New York
New York
10.1999 - 11.2002
- Maintained relationship with brokers for re-pricing of international equities.
- Reconciled failed trades from previous day.
- Utilized DTC to clear incoming and outgoing trades.
- Assisted in writing procedure documents for department procedures.
- Worked with traders on cash allocation and settlement of fixed income products.
Education
Bachelor of Science - Business Administration, Finance and Marketing
High Point University
High Point, NC05.1998
Skills
- MS Office
- Bloomberg (TOMS,FIT,ALLQ)
- ION/MMI
- ADP
- TradeWeb
- Brokertec
- MarketAxess
- Risk management
- Trade reconciliation
- Trading book calculations
- Position monitoring
- Client relationship management
- Compliance monitoring
- Workflow optimization
- Problem solving
- Effective communication
- Attention to detail
- Team collaboration
- Decision-making
- Performance data analysis
- Complex Problem-solving
- Results-driven
- Operations management
- Verbal and written communication
- Relationship building
Certification
- Series 7
- Series 63
- Series 99
Affiliations
- Interest in financial markets
- Physical fitness
- Officiating ice hockey and lacrosse games
- Golf
Accomplishments
- Millis Scholar Athlete Award (Holding a 3.0 GPA while playing baseball)
Timeline
VP of Fixed Income Division / Cash Treasury, IG & HY Corporates
Mizuho Securities USA Inc
12.2007 - 10.2023
Supervisor, Cash Treasury and Agency Desk
Nomura Securities International
08.2004 - 12.2007
Client Representative for Global Clearing Division
The Bank of New York
11.2002 - 08.2004
Trader Assistant/Operations manager, Securities Lending
The Bank of New York
10.1999 - 11.2002
Bachelor of Science - Business Administration, Finance and Marketing
High Point University