Julia F. Cornwell
Brooklyn,NY
Summary
Securities lending trader with experience across U.S. equities, specializing in hard-to-borrow securities, event-driven and merger arbitrage flow, and ADR lending. Leverages a strong foundation in buy-ins, Reg SHO, settlement risk, and post-trade mechanics to proactively manage availability, recalls, and fail exposure in high-demand and special-situation names. Known for translating operational and regulatory insight into effective trading decisions, partnering closely with prime brokerage, equity trading, Funding, and operations teams to support desk revenue while maintaining market and compliance discipline.
Overview
5
5
years of professional experience
1
1
Certification
Work History
Vice President – Securities Lending Trader
Citigroup Inc
03.2025 - Current
- Assist in managing the U.S. hard-to-borrow book, overseeing availability, locates, recalls and risk across high-demand and special situations.
- Trades and supported event-driven and merger arbitrage lending flow, adjusting strategy around deal announcements, corporate actions and settlement risk
- Collaborate with Funding and Treasury teams to optimize RWA and GSIB exposure through stock loan trades
- Acts as primary escalation point for HTB and recall-driven exposure, balancing regulatory constraints with desk revenue objectives
- Coordinated with operations and risk teams to ensure compliance with Reg SHO, FINRA buy-in rules, and internal risk frameworks
Assistant Vice President - Global Buy-ins
Citigroup Inc
07.2023 - 03.2025
- Internally spearheaded industry-wide migration to T1 for Cash Securities Settlements, Stock Loan, and NAM, enhancing operational efficiency across regions including CAD, LATAM, APAC, Euroclear, DTC, and FED.
- Developed and implemented standardized buy-in procedures across multiple regions, improving firm-wide understanding and compliance.
- Championed industry collaboration on the roadmap for treating asset transfers as affirmed transactions, contributing to SEC and SIFMA discussions on buy-ins.
- Played a key role in fostering cross-functional relationships (front, middle, back office) to reduce trade fails and address MTP/SSIs mapping issues.
Analyst - Buy-in Department
Citigroup Inc
07.2021 - 07.2023
- Mitigated internal and external risk associated with failing to deliver and failing to receive through the enforcement of FINRA Rule 11810, Regulation SHO SEC Rule 204, MSRB Rule G-12 and Stock Loan Buy-ins Works closely and collaboratively with middle office, front office, compliance, settlements, international departments, external counterparts and clients on a global scale
- Directly responsible for the regulatory oversight and process of broker to broker buy-ins as well as the operational requirements for the buy-in process
- Drove cross-training initiatives on the team to ensure optimal efficiency and knowledge of employees
Education
Bachelor of Science - Finance
Canisius University
Buffalo, NY05.2021
Certification
- Series 7: General Securities Representative, Financial Industry Regulatory Authority (FINRA)
- Securities Industry Essentials (SIE), Financial Industry Regulatory Authority (FINRA)
- Series 99 – Operations Professional, Financial Industry Regulatory Authority (FINRA)
- Series 63 – Uniform Securities Agent State Law Exam
Timeline
Vice President – Securities Lending Trader
Citigroup Inc
03.2025 - Current
Assistant Vice President - Global Buy-ins
Citigroup Inc
07.2023 - 03.2025
Analyst - Buy-in Department
Citigroup Inc
07.2021 - 07.2023
Bachelor of Science - Finance
Canisius University