Rick Donovan, CFP®

Experience

• 

  Bear Stearns & Co.

  Jun 2007 - May 2008

  Fixed Income Analyst (ABS)

  • Analyst in the Financial Analytics & Structured Transactions Group (FAST), specializing in Asset Backed Securities. • Maintained and ensured the integrity of deal models for asset-and mortgage-backed securities using Bear Stearns' proprietary modeling platform. • Assisted the trading desk, sales teams, the Federal Reserve and clients with requests, including month end pricing, deal analytics, collateral performance reports, and monthly remittance reports.

• 

  JPMorgan Chase & Co.

  May 2008 - Apr 2009

  Fixed Income Analyst (ABS)

  • Analyst in the Structured Products Group (SPG), specializing in Asset Backed Securities. • Maintained and ensured the integrity of deal models for asset-and mortgage-backed securities using JP Morgan / Bear Stearns' proprietary modeling platform. • Assisted the trading desk, sales teams, the Federal Reserve and clients with requests, including month end pricing, deal analytics, collateral performance reports, and monthly remittance reports.

• 

  Geneva Energy Markets, LLC

  Apr 2009 - Feb 2014

  Assistant Trader

  • Assistant Trader/Analyst at a leading, high frequency commodity firm in futures and OTC energy derivatives.• Calculated P&L, daily margin, VaR, futures equivalent exposures (converting OTC swaps positions into futures).• Provided EOD analysis & explanation of anticipated vs. actual P&L for Managing Partner daily.• Generated and executed margin optimization trading strategies, interfaced with CME & ICE to increase spread credits.• Worked extensively with Exchanges, our Clearing House, and traders to reconcile trades & settlements.• Developed and maintained Excel based tools to ensure trades had been entered for accuracy. Show less

• 

  AIG

  Feb 2014 - Apr 2021

  • Manage the outstanding debt of AIG & predecessor companies; approx. $25bn outstanding across 50+ securities. Provide AIG’s Chief Financial Officer and Treasurer with new issue analysis, repurchase scenarios and regulatory reporting. • Issued $8bn+ in new debt since 2017, including AIG’s first subordinated and preferred issuances since the Financial Crisis and AIG’s lowest coupons ever in 5Y, 10Y and 30Y Senior Unsecured debt in our May 2020 $4.1bn issuance.• Development and ongoing management of the Interest Rate Overlay hedging program for Fortitude Re, an AIG legacy unit spun off to Carlyle Group in 2020. Carlyle has publicly cited Fortitude's robust risk management as one of its most attractive components.• Developed and executed AIG’s first ever commodities hedging program to address reinsurance liabilities tied to US Dairy Prices by purchasing “long tail” put options on Class III & IV Milk Futures.• Following the $5.5bn acquisition of the Validus Group in 2018, led AIG’s wind down of Validus’ $1bn derivatives portfolio and the integration and repurchase of $750mm in Senior and Subordinated debt and $400mm in preferred equity shares• Monitor and manage AIG’s overall exposure to Berkshire Hathaway, including quarterly assessment of the volatilities & correlations of Berkshire’s $15bn equity collateral portfolio Show less • Team Leader of the Counterparty Operations Group, managing day to day operations and activities of the team as well as guidance on corporate risk hierarchies, reviews of newly purchased security assignments and key risk attribute designations such as sector and country of risk.• Lead and active contributor in the team’s strategic projects; including onboarding of new asset portfolios, rollout of a new legal entity platform and development of new reporting packages for AIG's Chief Credit Officer and the FRG. • Monitor internal ratings and credit risk limits for limit breaches and expirations, and liaise with ERM Credit Executives to resolve issues as they arise.• Research current & potential counterparties of AIG, create and maintain all comprehensive records including industry, hierarchy structures, geographic breakdowns, credit risk attributes and ratings.• Author and review all team processes, procedures and risk controls for internal and external audit reviews. Show less

  • Sr. Associate, Derivatives Structuring, AIG Global Capital Markets

    Feb 2018 - Apr 2021

  • Counterparty Risk & Operations Team Lead, AIG Investments+

    Feb 2014 - Feb 2018
• 

  Morgan Stanley Wealth Management

  Apr 2021 - now

  First Vice President, Financial Advisor, Financial Planning Specialist

  My goal is to understand your financial needs and then align the resources to help you meet or exceed them. As an advocate for comprehensive financial planning, I will help you evaluate near-term concerns and plan for long-term goals, be a sounding board for investment ideas, assist you in developing and executing a strategy that is precisely your own and helps you meet your needs. As a financial risk management professional by training, we will focus on risk adjusted returns in your investments and look to identify and address your exposure to adverse events in your life.©2024 Morgan Stanley Smith Barney LLC (‘MSSB’), Member SIPC (www.sipc.org), reserves the right, to the extent permitted under applicable law, to retain and monitor all electronic communications. MSSB will not accept purchase or sale orders via LinkedIn or its messaging systems. MSSB is not responsible for content posted by third-parties. MSSB does not provide tax or legal service – please consult a tax advisor. Statements and messages are for US residents only and subject to the following terms: http://www.morganstanley.com/disclaimers/mswm-email.htmlAsset allocation does not guarantee a profit or protect against a loss in a declining financial market.Morgan Stanley Smith Barney LLC is a registered Broker/Dealer, Member SIPC, and not a bank. Where appropriate, Morgan Stanley Smith Barney LLC has entered into arrangements with banks and other third parties to assist in offering certain banking related products and services.Life insurance, disability income insurance, and long-term care insurance are offered through Morgan Stanley Smith Barney LLC's licensed insurance agency affiliates.For more information on the designation(s), go to:https://advisor.morganstanley.com/rick.donovanNMLS#: 2170784 Show less