Nick Steidel
San Antonio,TX
Summary
Experienced financial services professional with over 10 years of expertise in trading, compliance, and brokerage operations. Proven track record of delivering exceptional results, including achieving a 48% return on equities and options trading as an independent trader. Highly skilled in anti-money laundering investigations, regulatory compliance, and fixed income sales, with a strong analytical mindset and excellent communication abilities.
Holds a J.D. from the Illinois Institute of Technology and an M.A. in Global Commerce and Policy, bringing a versatile perspective to roles in policy analysis, regulatory compliance, or investment strategy. Adept at fostering collaboration, managing complex projects, and driving meaningful outcomes in fast-paced environments. Actively seeking new opportunities to leverage skills in compliance, trading, or policy analysis to contribute to organizational growth and success.
Overview
25
25
years of professional experience
Work History
Independent Trader
Self-Employed
01.2019 - Current
- Trading equities and options with approximately 48% return
- Self-taught and self-administered trading strategy and deployed plan over more than three years with outsized returns
- Track record and account balances available upon request
Brokerage Operations and AML Compliance Associate
JP Morgan Chase
01.2013 - 12.2014
- Managed brokerage representative queries on personal and trust accounts to ensure completeness of documentation
- Addressed investment positions with customers and tried to resolve any discrepancies and trade errors in accounts
- Maintained performance requirement that was above average for three straight months
- Consistently rated as one of the top five call responders in a heavy volume call center environment
- Performed anti-money laundering investigations on retail bank accounts with the objective of completing as many investigations as possible
- Served as a subject matter expert on compliance-related topics, providing guidance to colleagues and stakeholders as needed.
Fixed Income Sales Executive
Woodstock Fixed Income, LLC
01.2011 - 12.2012
- Increased and expanded brokerage firm's coverage of European and local government institutional accounts including counties in California and Texas, and investment banks in Scandinavia
- Brokered bankruptcy claims in major bankruptcy cases including Lehman Bros., Madoff, and WaMu to active and visible institutional investors
- Led discussions of market color for distressed and high yield assets for the firm on a daily basis to enhance firm performance
Equity Day Trader
Madison Proprietary Trading
01.2010 - 12.2011
- Traded equities for personal account using firm capital in order to enhance firm and individual returns
- Developed a thorough knowledge of the equities market and learned to scale up positions when necessary to increase reward potential
- Coordinated activities with the trading desk to ensure all traders were aware of market conditions and to respond in kind
Brokerage Representative
Citi
01.2007 - 12.2008
- Passed the Series 7 and 63 exams; completed trade orders for accounts capped at $150 million daily to ensure client satisfaction
- Completed trainings on regulatory issues including AML, BSA, and KYC to ensure I was fully compliant with the current regulatory landscape
- Collaborated with colleagues across various departments to develop comprehensive solutions for complex client scenarios, resulting in increased trust and loyalty among clientele.
- Delivered exceptional customer service by promptly addressing any discrepancies or errors found on client statements, ensuring swift resolution of outstanding issues.
- Improved client retention rates by proactively addressing concerns and resolving issues related to trading activities and account management.
- Increased client satisfaction by providing prompt and accurate responses to inquiries regarding account information, transaction processes, and investment options.
Legal Intern
Illinois Legal Aid Online
01.2015 - 12.2015
- Created website content on legal aid issues for a pro se audience in order to drive more traffic to the site
- Addressed pro se clients' questions regarding legal issues in a web chat designed to address general questions about divorce, child custody, and family law issues
- Reviewed and tested programs for pro se clients to ensure accuracy and completeness of legal information contained in the programs
Policy Research Specialist
Texas Comptroller of Public Accounts
01.2008 - 12.2010
- Researched national and international programs supporting community colleges and workforce development for a major study presented by the Comptroller's Office to the Texas Legislature
- Analyzed transportation policy and financing of public-private partnerships for a conference on these issues in Fort Worth, TX in 2009 and represented the agency at the conference
- Drafted an analysis of socio-economic issues facing sectors of the Texas economy that were published quarterly for the Comptroller's Office.
Policy Research Analyst
National Conference of State Legislatures
01.2002 - 12.2005
- Represented state legislators and legislative staff before federal government officials, members of Congress and national associations regarding international trade, interstate commerce, and tax law
- Researched state and federal legislation of interest to members and senior staff for the organization on a timely basis
- Educated legislators and members of the media on implementation of the Streamlined Sales and Use Tax Agreement and lease-back agreements for various public utilities
- Empowered decision-makers by providing them with clear, concise, and timely research findings.
Legislation Analyst
Texas House of Representatives (Office of House Bill Analysis)
01.2000 - 12.2001
- Produced over 400 legislative analyses for several House committees including Ways & Means, Transportation, and Health & Human Services
- Drafted research and background material on state issues and wrote nonpartisan summaries of legislation for the Office
- Collaborated with cross-functional teams to identify opportunities for process improvement and increased efficiency.
Education
J.D. - Law
Illinois Institute of Technology
Chicago, IL05-2017
Master of Arts - Global Commerce And Policy
George Mason University
Arlington, VA01.2007
Bachelor of Arts - Social Work
University of Texas At Austin
Austin, TX05.2000
Skills
- Options trading
- Fundamental analysis
- Trading strategies
- Portfolio management
- Derivatives trading
- Problem-solving
- Time management
- Critical thinking
- Detail-oriented
- Equity trading
- Self motivation
- Analytical thinking
- Written communication
Timeline
Independent Trader
Self-Employed
01.2019 - Current
Legal Intern
Illinois Legal Aid Online
01.2015 - 12.2015
Brokerage Operations and AML Compliance Associate
JP Morgan Chase
01.2013 - 12.2014
Fixed Income Sales Executive
Woodstock Fixed Income, LLC
01.2011 - 12.2012
Equity Day Trader
Madison Proprietary Trading
01.2010 - 12.2011
Policy Research Specialist
Texas Comptroller of Public Accounts
01.2008 - 12.2010
Brokerage Representative
Citi
01.2007 - 12.2008
Policy Research Analyst
National Conference of State Legislatures
01.2002 - 12.2005
Legislation Analyst
Texas House of Representatives (Office of House Bill Analysis)
01.2000 - 12.2001
Master of Arts - Global Commerce And Policy
George Mason University
Bachelor of Arts - Social Work
University of Texas At Austin
J.D. - Law
Illinois Institute of Technology
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