Kelvin Salone
Brooklyn,New York
Summary
Comprehensive knowledge and practical experience in Custody and Global Securities Settlements, Fixed Income, Equity Securities, FX, Voluntary & Mandatory Corporate Actions, and Asset Servicing. Well developed interpersonal skills complimented by proven abilities to consistently produce high quality solutions in Client Management sphere. Promotes and develops highest level of client experience to ensure unitified organizational branding.
Overview
18
18
years of professional experience
Work History
Client Management Associate
HSBC
New York
05.2017 - Current
- Responsible for client coverage supporting HSBC Global Custodians (HBEU, HBAP, & HTDE) and direct client coverage under newly implemented direct cash model
- Oversees daily cash monitoring and movement for approximately 180 USD cash accounts for Top Tier client
- Liase with various functioning supporting areas such as Risk, Legal, Controls and Compliance to ensure we are operating within anticipated parameters
- Cognizant of operational risks and deficiencies which could restrict highest optimal functioning abilities for HSS US operating units
- Accountable for adapting best business practices and determing efficiencies which result in greater operational executions
- Serves as escalation point of contact for all HSS US cash, trades, and corporate actions queries
- Tasked with document verification for cash account openings, closings, and static data changes for direct cash model
- Investigates settlement disrcepancieis and Nostro cash breaks to ensure Reg W violations are prevented
- Reviews STP data with operation groups to ensure maximal possible efficieny for MT202 swift messages
- Executes montly reconciliations for cash accounts to ensure credit interest, tax withholdings, and fees are aligned according to agreements
- Ensures monthly performance reporting is dispatched timely to key stakeholders
- Charged with developing, reviewing, and amending key operating procedures, service improvements, and DIMs to ensure complicance is fully observed
- Coordinates with respecetive DCC/AOAM, or supporting teams, to ensure raised queries have been acknowledged, addressed, and resolved timely and effectively
- Promotes and fosters internal and external relationships of trust for Client Management and all HSBC colleageues
Voluntary Corporate Actions Analyst
JPMorgan Chase
Brooklyn
08.2016 - Current
- Company Overview: Asset Servicing
- Responsible for analyzing and interpreting Voluntary Corporate Action elections
- Liaised with Middle Office personnel to ensure client’s elections were confirmed and valid
- Upon expiration, final follow-up calls were made to Portfolio Managers to solicite instructions for uninstructed balances
- Interacted with Portfolio Management to ensure elections were received via Swift, Fax, or JPM’s online system for Premium & Non-Premium Clients
- Confirmed authenticity of instructions by verifying signatures, events, sequences, custody account number and essential details for processing
- Coordinated with Agent Instruction team to ensure client’s elections, paperwork, and tax documents were in good order for final submission to Agent
- Performed and Investigated daily reconciliation of processed instructions to ensure all directives have been actioned and all discrepancies have been correctly resolved
- Escalated all risk items and service issues to team Leadership, Middle Office, and Client Service Representatives
- Asset Servicing
Sr. Client Service Analyst
JPMorgan Chase
Brooklyn
05.2015 - 08.2016
- Company Overview: Custody Middle Office
- Responsible for ensuring custodial services relating to global securities settlement, global cash movements, various types of fx executions, and corporate action instructions were received and processed timely based on Investment Managers directions
- Examined securities movements and cash flows associated with daily market transactions, to include emerging markets
- Reviewed trade and cash instructions for highly sensitive and buy-in markets to guarantee timely market settlements
- Supported corporate action queries relating to voluntary and mandatory event offers, including trade transformations
- Discussed risk minimization and exposure to Investment Managers when irregular settlement conflicts arose
- Coached and Trained newly hired associates on fundamentals relating to the roles of a custodian and system navigations
- Served as primary escalation personnel for new colleagues when irregular or ad-hoc queries emerged to minimize further escalations
- Custody Middle Office
Client Service Analyst
JPMorgan Chase
Dallas, Texas
03.2012 - 05.2015
- Company Overview: Custody Middle Office
- Tasked with monitoring global and domestic cash, trades, and foreign exchange instructions and blotters to ensure accounts were balanced and reconciled properly for State Treasury, Pension, and Corporate clients
- Responsible for ensuring received instructions from clients, agents, or internal partners were sufficient for processing
- Verified & processed client directives relating to Memorandums, Securities Lending, Tri-Party Repos, and Cash transactions while ensuring fund movements and transfers occurred between Custody, General Ledgers, DDA, and TDA accounts
- Processed asset maturities for securities which expired in the Security Lending program through client directed lending
- Executed repair functions for trade instructions to ensure valid details for clearing were populated before settlement date
- Monitored Global & Domestic Cash movements including interfund transfers, Margins, Futures, Options, FX’s and Repatriations
- Confirmed Netting of Federal Wire movements to designated Counterparties while ensuring transfers were made in prescribed time parameters
- Custody Middle Office
Administration Specialist/Logistics Coordinator
LEAR SIEGLER SERVICES, INC.
Iraq
05.2007 - 08.2009
- Distributed critical operational and maintenance-related data to the relevant team members
- Coordinated travel arrangements, status changes, and couring of sensitive documents by inbound/outbound site personnel
- Guided productivity levels to 60% or better of weekly requirements as established by the company’s Project Management Office (PMO)
- Established and maintained highly efficient, sequential filing system for storing and retrieving work order packets
- Reduced payroll delays by thoroughly examinating and correcting nearly $200,000 of weekly timesheets prior to final submission
- Served as custodian of classified and sensitive documents as well as performed timely disposition of documents upon expiration
- Maintained accountability of approximately 200 personnel for travel requests while ensuring full compliance of security measures
Education
MBA - Finance
ASHFORD UNIVERSITY
Clinton, IA01.2011
BA - Communication Studies
UNIVERSITY OF NORTH TEXAS
Denton, TX01.2007
Skills
- DelTek
- PeopleSoft
- Excel
- Word
- PowerPoint
- Access
- Outlook
- Lotus Notes
Militaryexperience
UNITED STATES ARMY, Various Locations, 01/01/99, 12/31/07
Timeline
Client Management Associate
HSBC
05.2017 - Current
Voluntary Corporate Actions Analyst
JPMorgan Chase
08.2016 - Current
Sr. Client Service Analyst
JPMorgan Chase
05.2015 - 08.2016
Client Service Analyst
JPMorgan Chase
03.2012 - 05.2015
Administration Specialist/Logistics Coordinator
LEAR SIEGLER SERVICES, INC.
05.2007 - 08.2009
MBA - Finance
ASHFORD UNIVERSITY
BA - Communication Studies
UNIVERSITY OF NORTH TEXAS