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MAYER N. WEINSTEIN16 Bond Street * Passaic, New Jersey
07055973.778.8665 * [email protected] MANAGERHedge Fund /
Banking / Trading Operations/ Project CoordinationSenior manager
offering more than 20 years of achievement in securities
tradingoperations.* Track record designing back office
infrastructure, policies, and procedures tomanage the trading of
futures, interest rate options, foreign exchange, and credit
default swaps (CDS).* Expert understanding of investment and
finance industry regulations and controls with expertise in sell
side trading, banking, hedge funds, and other buy
sideinstitutions.* Legacy of success as an administrator, manager,
and executive at AIG, known for implementing process improvements
and leading edge IT systems.Core CompetenciesOperational Planning
& Execution * Team Management * Internal / External
CollaborationProcess Mapping & Reengineering * Legal /
Regulatory Compliance * Internal ControlsTrading / Banking / Hedge
Fund IT Systems * Back Office Operations * Accounting/
ReconciliationVendor Evaluation & Selection * Systems Design
& Implementation * Policy Development
PROFESSIONAL EXPERIENCECareer Note: Independent equity and fixed
income trader (2008-Present).BASSO CAPITAL MANAGEMENT, Stamford,
Connecticut * 2005-2008Managed large hedge fund of up to $5 Billion
in assets.Contract Administrator / ManagerEstablished operational
processes and administered the fund's credit default swap (CDS)
trading business. Designed operational controls that compare trade
execution against recorded entries, thus ensuring trade accuracy.
Created and maintained automated trade execution and settlement
histories, allowing for simplifieddata retrieval and confirmation.
Monitored processing and settlement of outstanding CDS trades.
Built new functions within system, facilitating trade tracking and
confirmation through the DTCC system.Key Achievements:
* Devised a plan to set up automated information flows between
the trading team,the operations platform, and the DTCC.* Instituted
a payment processing system that streamlined execution and
minimized errors through management screening and validation.*
Collaborated with the programming team in creating a sophisticated
platform with built-in controls to record and maintain data on the
firm's trades.* Accelerated the identification of trade errors by
automating validation between the internal system and prime broker
statements. ResumeMAYER N. WEINSTEIN * Page 2 *
[email protected] CAPITAL, Stamford, Connecticut *
2004-2005Asset management company investing in hedge funds,
derivatives, equities, and fixed income.Contract Administrator /
Manager
Orchestrated the processing, validation, and settlement of CDS,
interest rate swaps, and futures trades. Instilled accuracy and
efficiency to the operations department by replacing legacy
paper-based systems with advanced, automated programs. Processed
counterparty reconciliations, prime broker submissions, and
entriesto the Geneva system.Key Achievements:* Restored the
company's reputation as a preferred trading partner with key
counterparties.* Cut inefficiencies and errors in the submission of
payments to prime brokers and the Geneva system by assembling all
entries into a single, centralized submis
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sion to one prime broker.* Loaded historical interest rate swap
trade data into the Geneva system.AIG TRADING, Greenwich,
Connecticut * 1990-2004Subsidiary of AIG Insurance, trading metals,
derivatives, foreign exchange, andprime brokerage.Vice President /
Operations Manager / Assistant Vice PresidentProgressed from an
administrator's role to an executive management level, overseeing
operations for FX, interest rate products, and futures. Guided
processing,settlement, and bank reconciliation on trades within the
various trading businesses. Ensured timely and thorough
investigation and resolution of payment discrepancies. Evaluated
internal systems, policies, procedures, and controls for process
improvement opportunities.Key Achievements:* Worked with outside
vendor and internal programmers on the development of a document
processing application, which streamlined and controlled the flow
of trade confirmations.* Implemented procedures that ensured timely
and accurate processing of FX options invoices.* Resolved and
corrected a $2 million under-accrual.* Established and maintained
Excel databases for tracking positions and financial performance on
the forward trading desk.* Performed extensive research into
alternative trade clearing system providers,selecting UBS based on
superior function and trading expertise.* Served as project leader
during a company-wide, in-house IT system development
project.* Earned a promotion to Assistant Vice President and
ultimately to Operations Manager and Vice President for substantial
contributions to the firm's operationsdepartment.EDUCATIONMaster of
Business Administration in FinanceBachelor of Arts in Accounting
& ManagementNew York University, New York, New York
