Michael Pennington
New York,NY
Summary
Experienced global hedge fund operations analyst with diverse product knowledge. Highly motivated and inspired by new challenges with in depth understanding of middle and front office dynamics.
Overview
3
3
years of professional experience
1
1
Certification
Work History
Operations Analyst
BlueCrest Capital Management
New York, NY
09.2022 - Current
- Provide critical operational support for Fixed Income, OTC, & Listed products
- Support listed derivatives flow on CME/CBOT/LME/ICE and other world exchanges
- Support desk by booking trades on T/T+1 where fix messages have failed
- Process listed option/future expiries for FO as needed
- Reconcile trade bookings for OTC equity derivative products (volatility swaps, variance swaps, dividend swaps, and OTC equity options)
- Monitor, match, and resolve any mismatched trades over CTM
- Monitor fund's repo position and liaise with broker to reconcile any discrepancies
- Resolve trader & PM queries and provide ad hoc reports when needed
- Collaborate with front office support to ensure correct trade deal bookings and make corrections when necessary
- Look after trade capture & enrichment, affirmation, settlement, life cycle management and data maintenance
- Ensure timely and accurate settlement statement reconciliations with counterparties, exchanges and brokers
- Identify operational & system issues and work closely with tech teams to improve processes where possible
Corporate Actions Analyst
SEI Investments
Collegeville, PA
03.2021 - 09.2022
- Analyzed and reported on corporate actions, including mergers and acquisitions, stock splits, dividends, rights offerings and spinoffs
- Reconciled, monitored and posted entitlements to client accounts
- Performed daily reconciliations for cash, security and suspense transactions as well as adhering to established quality control measures and procedures
- Researched and responded to inquiries from internal business groups, depositories, agents, brokers, clients, investment managers, sub custodians and/or custodians
- Worked with trading desks and operations to ensure all trade activity was accurate
- Confirmed accurate tax treatment of corporate action events utilizing third party vendor resources (CCH & ICE) assessing the material impact for cost basis tracking and reporting
- Lead process improvements efforts, completed comprehensive analysis, and recommended solutions
Education
Bachelor of Arts - Economics
The Pennsylvania State University
University Park, PA06.2020
Skills
Industry Knowledge: MBS/CDS, Fixed Income, Commodities/Futures, FX, OTC, Inventory Management, Profit & Loss
Technical Skills: Microsoft Excel, Bloomberg, Neovest, Trayport, WebICE, CME Direct, MarkitServ, DTCC, Omgeo CTM, Calypso
Soft Skills: Problem-Solving, Communication, Attention to Detail, Time Management, Critical Thinking, Multi-Tasking
Certification
University of California, Davis
SQL for Data Science
Timeline
Operations Analyst
BlueCrest Capital Management
09.2022 - Current
Corporate Actions Analyst
SEI Investments
03.2021 - 09.2022
Bachelor of Arts - Economics
The Pennsylvania State University
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