1. Erica Jacoby
Erica.W.Jacoby@gmail.com (978) 618-0047
288Athens St. #3 South Boston, MA 02127
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Professional Development
License: Series 7: General Securities Registered Representative
Designation: Completed level 1 in the CFA program
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Experience
Fidelity Capital Markets Boston, MA
Senior Associate January 2015- Present
 Securities Finance point person and subject matter expert for the trading team, hedge fund account managers, prime brokerage
operations, securities finance operations and product development teams for all middle office functions.
 Advise the Securities Finance product and technology teams in the design, test, and implementation of new automation projects.
 Train and oversee the on-shore and off-shore Securities Lending Middle office team members.
 Manage Fully Paid, a product offered to clients to earn incremental income on their long positions through the stock loan market, from
a middle office perspective.
 Responsible for appropriately posting the following fees and rebates to our hedge fund client accounts.
o Access fees paid to Fidelity for clients that reserve located shares to short at a future date.
o Short sale fees and rebates that depend upon the rate associated with the short position.
o Credit interest and margin interest that depend upon the cash balance of the account.
o Fully paid interest credited to client accounts that loaned shares to Fidelity.
Associate July 2011- December 2014
 Liaise with custodians, third party agent lenders and brokers to agree and settle monthly charges for all stock loan positions – often
exercising analytical and problem solving skills to resolve complicated securities finance differences.
 Manage and adjust borrow and loan rates – some that fluctuate with benchmarks such as the federal funds open rate.
 Monitor corporate action items for any positions loaned to hedge funds through Arranged Financing or borrowed from Fully Paid
clients over record date. For example, this can include stock splits, dividends, name changes and other events.
 Support Arranged Finance, a Prime Brokerage product used to enhance leverage while reducing capital usage.
 Help to identify our settlement date position by analyzing our current position, unsettled trades, shares on loan, shares on recall as well
as internal supply. This helps foresee and prevent potential settlement issues.
Goldman Sachs Boston, MA
Securities Lending Trading Intern June 2010 –December 2010
 Managed eight term accounts with balances exceeding $3.5B, and insured broker dealers maintained their required balance.
 Reviewed and analyzed daily trading activity to create a summary distributed to clients.
 Adjusted rates of easy to borrow securities based on variations in the federal funds open rate.
 Identified profitable trading opportunities through simultaneous use of Excel and Bloomberg.
 Forecasted international net cash movements on a daily basis and delivered to client’s cash management teams.
 Minimized sell-fail cost exposure by notifying borrowers of all international recalls and ensuring settlement.
 Facilitated borrowing and lending of securities by releasing loan instructions to custodial banks after confirming pre-trade compliance
of loan parameters.
State Street Corporation Boston, MA
Global Treasury Finance Intern July 2009 – May 2010
 Managed detailed report tracking the gains and losses of the Treasury investment portfolio reinvestment plan; recorded actual
purchases and sales of securities versus the reinvestment plan guidelines suggested by consultants, along with the associated gain or
loss of interest revenue.
 Worked with a finance coworker to design an improved account manager code process that will reduce its manual element through the
use of a web based application, eventually eliminating the need to actively manage an e-mail box and greatly decrease process time.
Bank of New York Mellon (Standish) Boston, MA
Portfolio Accounting Intern July 2008 - December 2008
 Completed daily reconciliations between cash notifications and actual cash entries researching and correcting variances.
 Researched corporate action items, revised reports, and sent to clients weekly.
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Education
Northeastern University Boston, MA
Bachelor of Science Degree in Business Administration May 2011
Dual Concentration: Finance and Insurance, Accounting
Grade Point Average: 3.4
Activities: Finance and Investment Club
ESIC Business and Marketing School Seville, Spain
Northeastern University: College of Business Administration Summer Semester in Spain. Madrid, Spain
Coursework: International Finance, Advanced Spanish Language June 2009