Front Office General Ledger

Joseph Esposito

*** ******** ****** *** *******, New Jersey 07646 Phone: 201-***-**** E-mail: **********@***.***

EXPERIENCE

SAFRA NATIONAL BANK OF NEW YORK – New York, NY 03/01-12/23

Cash Reconciliation’s Analyst / Investigator – Accounting / Operations

Daily cash and custody reconciliation USD and Eurocurrency accounts in both the banks general ledger (AS400) and front office systems (Sun Gard Phase 3, Focus32 for FX) including Federal Reserve account, currency accounts (37), options.

Quarterly reconciliation Mutual, Hedge funds positions, totaling over 1,000 funds, market value over 3.7 billion USD.

Research and resolve all cash, custody differences as necessary along with the daily reporting of discrepancies to department heads (securities operations, trading, middle office, loan and DDA) as well as account officers.

Proper allocation of funds to various accounts, banks required as necessary.

Assisted in establishing procedures for the daily workflow of operations processing. Reporting to executive management.

In the process of reconciling the bank with custodial banks and counter parties, accounted for and allocated in excess of $ 500,000 USD value of Foreign Currency balances to their appropriate clients accounts.

Managed all Abandoned Property processes since 2010. Reporting, Escheating property to multiple states when necessary. Returning property to former clients directly with bank held funds and thru recalling property from states on client behalf.

System Applications: EUCLID – Euroclear, Prime Meridian, In Sight On Line – State Street Bank, DB direct - Deutsche Bank, NetExchange Pro – Pershing, and Bulltick, all cash and or custody management applications. Also used is the Federal Reserve Banks Fed Line Advantage Cash, Securities Transfer System (New).

SANWA FINANCIAL PRODUCTS LLC COMPANY - New York, NY 02/00-02/01

Futures Analyst, Cash Reconciliation’s Analyst / Investigator - Operations

Responsible for the daily Futures/Options processing and reconciliation.

Recovered in excess of $ 50,000/USD by auditing all broker commission rate schedules.

Responsible for reconciliation of system generated transaction reports to external bank statements.

Investigation and resolution of cash transaction discrepancies relating to Money Market and Foreign Exchange trading.

Processed USD and currency cash transactions and generated payment, swap reset and notification statements daily.

System Applications: Infinity Montage, Citibank Cash Management, and various internal systems.

MORGAN GUARANTY TRUST COMPANY OF NEW YORK – New York, NY 12/98-11/99

Foreign Exchange Investigator / Consultant – Operations

Investigate all transfer of funds discrepancies relating to Foreign Exchange trading.

Responsible for all necessary procedures ensuring proper delivery of payments to and from counterparts. I.E. recalling funds, value adjustments, funds transfer compensation for all currencies, and reporting error responsibility to management.

Daily communication with counterparts, clearing banks and branch offices to assist in proper transaction settlement.

System Applications: PegaAce v3.51, NAM (Midas), Fierworks, Global Message Input and various internal systems.

SAN PAOLO IMI BANK – New York, NY 11/80-07/98

Assistant Treasurer – Operations

Responsible for monitoring and reconciling the daily USD cash position with all relevant departments.

Updated daily price changes for all rate risk exposure, monitored swap resets and settlements.

Processed Commercial Paper, Tri-Party Repurchase Agreements, USD and Currency Futures and Options trades.

Reconciled Daily P/L on Futures and Options positions.

Issued and maintained CD’s and Commercial Paper portfolios.

Traded Eurodollar futures, Fra’s and short-term fixed rate swaps.

Assisted both Money Market and Foreign Exchange traders in all areas of daily trading activity.

Heavy customer and broker dealer contact used in all areas of funding.

System Applications: Login Trading, Midas AS400, Gaitor, Bloomberg Financial System and various internal systems.

EDUCATION

FRANKLIN DELANO ROOSEVELT HIGH SCHOOL – Diploma 06/77

AMERICAN INSTITUTE OF BANKING - Certificate in Money Market / Foreign Exchange Theory and Practice

References furnished upon request.

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