Andrew Hay

Test analyst and subject matter expert OTC Derivatives.

The middle Office operations is a team of 2 responsible for the oversight of outsourced back office processes and facilitating the reporting of data for front office utilisation.

The transition of Credit Suisse' Middle Office Operation to State Street Management. Responsible for transitioning CSAM's middle Office Swaps. Detailing CSAM's Operations from front to back, before adapting the processes for The State Street Enterprise platform, which was yet to be tested or implemented by any other business at State Street. Responsibilities and Requirements: Thorough understanding of OTC Swaps functionality and settlement process involving a wide portfolio of exotic swaps, A full test plan for the application of swaps business to Enterprise software (RKS) which had never before been tested. A successful testing regime within deadlines provided by management and delivered within budget. Working within a strict budget to maintain costs to a minimum. Developing Standard Operating procedures for the Middle Office Swaps Operations, Interaction with Fund managers and Custodian services to develop Service Level Agreements mitigating risk Expert in the Enterprise platform and provided test results and recommendations for future business projects. Understanding of securities pricing calculations Management of handover process to new start State Street Operations team Comprehensive training provided to inexperienced operations analysts Autonomous business as Usual achieved within 2 months of go live

OTC Derivatives

Confirming and actioning coupon payments (100-400 cashflows per day). These are mixed between Credit Derivative Swaps, Overnight Index Swaps, FRA's, Total return swaps and standard Interest Rate Swaps and Options Investigating discrepancies and following up until completion. Nostro reconciliation Daily rate fixings for any current trades. Alerting Funding Department of trading balances. Daily provision of support to Singapore Derivatives traders i.e. static data, new accounts and systems support. Monthly Sox testing

Confirming and actioning coupon payments when and where they arise. These are mixed between Credit Derivative Swaps, Overnight Index Swaps, FRA's, EMTN and standard Interest Rate Swaps. Investigating discrepancies and following up until completion. Liaising with Nostro's department to ensure Nostro accounts maintained and balanced. Daily rate fixings for any current trades. Alerting Funding Department of trading balances. Daily reporting to Traders. Daily provision of support to London Derivatives traders i.e. static data, new accounts and systems support. Validation of trades. End of day process involving payment checks, rate updates and reporting.

Settlements Investigations reconciliations rate sets funding position reporting sox

Constructing a portfolio of Finance brokers throughout the state of Victoria Promoting of the companies products through close liaison with brokers Assisting business meetings with broker groups Meeting weekly sales requirements Liaising with National manager in regards to marketing of product Liaising with Credit department in regards to retail clients credit risk

Providing customer service and advice to a portfolio of 60 financial Market Participants in regards to the Exigo Securities Depository system, which is the projected replacement of the current Austraclear system. Functional knowledge of the systems (former and latter versions) and some technical knowledge in regard to connectivity and system configuration.

trade input and settlement (Austraclear) Client Services - solving resolutions with settlement/payments Revaluation of daily rates SWIFT payments and receipts Reconciliations Trade confirmation; Responsibilities Investigations of all discrepancies regarding Corporate FX (CFX) trades Position keeping Dealer liaison Problem solving Nostro reconciliation

Responsibilities All Money Market and FX settlements Swaps Options Support Nostro Reconciliation Austraclear and SWIFT payments and receipts Confirmations Trade input Dealer liaison * Left the bank between Feb 1997 and July 1997 see below