James Hart

Experience

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  Arthur Anderson

  Aug 1997 - Sept 2001

  Corporate Tax Accountant

  Qualified as Chartered AccountantSpecialised in corporate tax

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  Dresdner Kleinwort Wasserstein

  Feb 2001 - Aug 2002

  Exotics Middle Office Analyst

  Prepared daily P&L accounts for individual traders.Detailed investigations of daily P&L to determine cause.Extensive daily discussions with traders to identify and solve problems.Produced weekly analysis for Front Office Exotics Desk.Analyzed volatilities to assess accuracy compared to market.Liaised with Risk department to establish suitable reserves for new exotics products.Completed six month project to overhaul existing Exotics P&L process – reducing production time by half.Attended meetings with Front Office to develop this process and eliminate initial problems.Extensive testing of new Exotics attribution system.Ran daily and weekly client valuations using Exotics spreadsheets.Products encountered: Vanilla equity derivates, fund baskets, mountain range options, digitals, cliquets. Show less

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  JPMorganChase

  Sept 2002 - Mar 2004

  Exotics Middle Office Team Leader

  Day to day management of exotics product control team of five.Oversaw production of daily P&L and risk analysis for the desk.Ensured team performed all daily reconciliations and controls.Resolved issues caused by mis-bookings/failing instruments.Resolved ad hoc trader/market queries.Presented head of desk with weekly P&L reports and risk explanations.Point of contact for middle office teams in both equities and credit.End of day manager for entirety of middle office equities business, co-ordination of P&L revaluation and sign off.Team “on the job” development and mentoring, defined performance objectives.Wrote and presented firm wide training on OTC derivatives for junior staff.Products encountered: Vanilla equity derivates, CPPI trades, barriers, rainbows, baskets.Six month secondment to front office - Exotics Trader AssistantBooked and expired trades.Managed trade events (eg forward starts, sampling points).Acted as liaison between traders and marketing teams.Reviewed new trade structures.Model migrations. Show less

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  Solent Capital

  Mar 2004 - Nov 2009

  Middle Office Manager

  Report direct to CIO and COO since inception of fund – responsible for team of five.Assisted with creation and was responsible for subsequent running of integrated risk/P&L/attribution/balance sheet system.Ensured team performed all daily reconciliations and controls (docs/cash/collateral).Resolved daily trader queries regarding P&L drivers/risk reportsResponsible for month end reporting (reconciling positions/evaluating 3rd party marks/estimating performance).Reviewed administrator’s fund accounts to ensure accuracy.Implemented T-Zero for the fund.Ran investment bank credit department meetings.Demonstrated capabilities of risk system to potential investors.Liaised with credit departments during periods of significant redemptions, to establish whether triggers had been hit and provide reassurance regarding future growth and ability to meet collateral calls.Tested new product models as and when required.Initiated and attended meetings with potential prime brokers, to assess their suitability to run new funds.Initiated and attended meetings with potential intermediators, and introduced intermediation process when satisfied.Supervised trade bookings both in administrator’s system, as well as the in house risk system (Rums).Ran end of day and produced daily flash P&L.Encountered a very broad product range - CDS, CDO tranches, zero coupon tranches, CDS index, equity options, variance swaps, dispersion trades, futures, interest rate swaps, and bonds Show less

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  Aladdin Capital Management

  Dec 2009 - Nov 2010

  Director

  Assisted with fund migration from Rums to MurexBuilt P&L and Balance Sheet system using Murex for traders to use

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  RISK PROFILES LIMITED

  Nov 2010 - Jan 2016

  Chief Operating Officer

  Ran middle office for execution of structured tax trades and credit derivatives investment strategiesRan P&L/Risk/Balance sheet for structured tax trades using basket options, fx barrier options, forwards and spread bets.Oversaw full trade life cycle - inception, confirmation, booking, pricing, expiry, settlements (gilts, cash, gold) and statements.Designed client money system and ran it on daily basis to satisfy FCA requirements.Managed, developed and integrated three junior staff membersRegulatory responsibility - designed and ran solutions for reporting for EMIR, MIFID, FACTA and FCA.Provided input for trade design in terms of regulatory, process and betting duty, as well as discussions around credit risk for clients.Active part in creating and implementing financing solutions where needed whether by re-strike mechanism or offshore loans.Key role in designing bespoke trade docs and ISDAs.Main point of contact for company audit and client money audit.Led discussions with investment banks regarding custody, trading lines and clearing.Sourced and led meetings with accountants to create a trustee company to mitigate credit risk for clients.Recently worked with trading team to design new operations process for fx options trade idea in a 12 month project. Stress tested new trade in terms of booking/risk/regulatory/client money/confirmations. This trade was successfully executed ‘live’ with clients in late 2015.Supported sales team in development of a smart beta credit trading idea, in terms of market research, discussions over proposed fees, profit projections and sample investor reports.Developed contacts in both Ireland and London to put firm in a position to implement a UCITs fund structure and understand the costs of doing so. Show less

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  Santander Corporate & Investment Banking

  Sept 2016 - now

  Middle Office Cross Business

  Middle Office cross business support primarily working on MIFID II and Banking Reform implementation