Summary
Overview
Work History
Education
Skills
Timeline
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SOPHIE CHEN

Teaneck,NJ

Summary

Dynamic leader with a proven track record at Blackstone Credit & Insurance, enhancing operational efficiency and scalability through strategic team expansion and the integration of settlement processes. Expertise in operations management and fostering strategic partnerships is complemented by strong organizational development and customer support skills.

Overview

24
24
years of professional experience

Work History

SENIOR VICE PRESIDENT

Blackstone Credit & Insurance
New York, NY
10.2010 - Current
  • Oversee daily processes, i.e., trade capture, trade confirmation, allocation, and settlement breaks.
  • Products traded: bonds (via DTC/Euroclear), term loans, credit default swaps (via ICELink/DTCC), equities, total return swaps, contracts for differences, and options.
  • Facilitated regular interactions with traders and portfolio managers to manage ongoing trade support demands.
  • Built a team in India to help manage the daily volume while managing a team in New York and Dublin offices for immediate front-office support.
  • Incorporated DTCC ALERT and CTM (Central Trade Matching) into the settlement process for scalability, and reducing the number of daily fails.
  • Partnered with technology to prepare for the T+1 settlement cycle change in the U.S., as well as the upcoming T+1 change in Europe.
  • Streamlined the flow of trade execution to manage the increasing volume, and continue to build scalability for the growing business.
  • Review cash balances across active funds to ensure liquidity needs are met prior to the closing and settlement of deals.
  • Ensure proper documentation is in place for the execution of various products tailored to each fund's specific strategy, such as ISDA's, futures accounts, and repo agreements.
  • Work closely with the BX legal and compliance teams on a company-wide initiative to ensure that all trade execution adheres to evolving regulatory requirements.
  • Maintain consistent dialogue with the technology team on all proprietary systems, improving efficiencies for all users as enhancements are implemented.
  • Organize group events to promote Diversity and Inclusion within each department as well as across business units

Senior Associate

Acuity Capital Management LLC
Greenwich, CT
04.2008 - 06.2010
  • Involved in operational responsibilities and trader support, such as fixed income, convertible bonds, equities, options, OTC options, TRS, and CDS.
  • Preparation of daily cash, positions, P&L reports, and reconciliations for portfolio managers and trader review.
  • Resolved breaks between broker-dealers and prime brokers, as well as internal bookings.
  • Worked with the CFO on monthly, quarterly, and year-end financials, and audit confirmations.

Senior Associate

Parabolic Capital Management, LLC
Summit, NJ
07.2005 - 12.2007
  • Formulated the operational process for the start of the convertible hedge fund startup.
  • Created operational processes post-trade execution, from trade capture to a 3-way reconciliation, to month-end, quarter-end, and year-end reporting.

Vice President

Banc of America Securities, LLC
New York, NY
03.2001 - 05.2005
  • Prepared P&L reports for traders specific to their industry coverage for all product types, i.e., fixed income, convertibles, CDS, equities, and various OTC products.
  • Managed all incoming inquiries from traders, institutional clients, and back office, related to trade activities and transactions.
  • Created the P&L workflow for the proprietary desk when spun out of the sell-side desk.

Education

Bachelor of Arts - Psychology, Business Administration

UNIVERSITY AT ALBANY - SUNY

Skills

  • Business and organizational development for scalability
  • Operations management
  • Strategic Goal Alignment
  • Trade support

Timeline

SENIOR VICE PRESIDENT

Blackstone Credit & Insurance
10.2010 - Current

Senior Associate

Acuity Capital Management LLC
04.2008 - 06.2010

Senior Associate

Parabolic Capital Management, LLC
07.2005 - 12.2007

Vice President

Banc of America Securities, LLC
03.2001 - 05.2005

Bachelor of Arts - Psychology, Business Administration

UNIVERSITY AT ALBANY - SUNY

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