1. JOSEPH BALLAERA
45 Beatrice Street, Allendale, NJ 07401
Mobile; 201-417-8740; joeballaera@gmail.com
OPERATIONS MANAGEMENT LEADERSHIP
~ Trade Support – Foreign Exchange, Equities, Fixed Income ~
High-performing leadership and managerial skills in Foreign Exchange, Domestic/International Equity, Liquidity and
Fixed Income operations. Extensive experience in change management and conflict resolution with consistent
accomplishments in developing and executing strategic and tactical initiatives across teams.
HIGHLIGHTS
 Spearheaded initiatives which reduced costs, streamlined operations, and created new, efficient solutions
on a global basis.
 Successfully recruited, supervised and motivated teams which increased productivity and accountability.
 Consistently recruited to lead special operations projects such as Dodd Frank and Sarbanes Oxley initiatives.
PROFESSIONAL EXPERIENCE
BANK OF MONTREAL April 2013-December 2013
Project Delivery Team Leader/Management Consultant/Dodd Frank Initiative
Recruited to assess and re-engineer FX operations at the bank’s Montreal office on special consulting assignment.
Led project delivery team of 12 interfacing between FX operations and technology to streamline functions.
Achievements
• Advised and orchestrated transition to automating processes, staffing improvements, and outsourcing solutions.
• Developed new operational enhancements for FX products in Toronto, NY, Montreal and Chicago. Collaborated
closely with trading and sales teams.
• Appointed as FX lead for project delivery subgroup for Dodd Frank. Partnered with legal and compliance
departments and attended Dodd Frank conferences.
• Successfully managed project to reduce the number of outstanding NOSTRO banks to ultimately reduce costs.
MORGAN STANLEY INVESTMENT MANAGEMENT, New York, NY April 2008-April 2013
Vice President
• Managed staff of 15 overseeing trade processing and settlement across FX and domestic/international equity areas
for New York managed accounts. Partnered with IT, database services group, corporation action team, portfolio
manager support team, reconciliation, and trading teams.
Achievements
• Reorganized trade operations by hiring highly qualified operational personnel to team which provided optimal
support to trading and minimized operational errors. Improved productivity via staff motivation, training and
accountability.
• Successfully managed and cultivated all major broker and custodian bank relationships.
• Instituted system enhancements and implementations. Executed pre-matching T+1 process for domestic and
international equity trades. Executed exception reporting and metrics.
• Point person for migration of all Equity, Fixed Income and FX related trade issues to State Street Investment
Services in 2008.
• Improved functionality of confirmation matching engines. Liaison with 3rd
party vendors to minimize costs;
organized strategic plan to migrate selected settlement functions to Mumbai.
• Reduced risk incidents through ongoing documentation and corrective measures.
• Managed the relationship between Morgan Stanley Investment Management and State Street-Investment Manager
Services across FX, equity, liquidity and fixed income.
• Selected to manage Fixed Income for Aladdin Project (fixed income trading system).

2. • Collaborated with the Operational Risk team to ensure accurate KRI and KPI reporting for FX, Fixed Income and
Equity products and ensured that all SOP’s were consistently reviewed and updated

3. JOSEPH BALLAERA - 2
JP MORGAN CHASE, New York, NY June 2004-Jan. 2008
Vice President-FX Trade Support Manager
• Directed a staff of 35 supporting 120 traders and salespersons accountable for producing $850 million in annual
revenue. Managed a group of four teams and operational budget.
• Bottom line responsibility for Chicago Middle Office personnel and Toronto sales desk.
• Oversaw Sarbanes Oxley initiative; ensured operational compliance with audit and internal Sox committees.
• Managed new initiative for surveillance and monitoring of suspicious trading activity (FX Watch reporting).
Achievements
• Slashed $500,000 in employee costs by relocating Middle Office functions to Mumbai with no loss in functionality.
• Improved productivity by revamping 100% of staff over a three year period.
• Re-engineered FX support staff by cross-training, hiring new staff and re-assigning employees to increasingly
challenging tasks.
• Identified potential gaps in operational procedures and determined leveraging possibilities through regular travels to
London, Bournemouth, England and Delaware, U.S.
SOCIETE GENERAL, New York, NY April 1998-June 2004
Vice President-Manager, Foreign Exchange Support
• Oversaw staff of 25 in support of a desk of 43 dealers producing approximately $100 million annually.
Achievements:
• Spearheaded continual re-engineering of FX operations in transformation as a cost-effective and
productive operation.
• Led entire CLS (Continuous Linked Settlement) netting project.
• Successfully reduced costs while minimizing operational risks. Implemented straight through processing systems,
reduced redundant processes; incorporated middle and back office functions to maintain budget.
• Managed FX Global project with extensive travels to determine optimal center of FX operations.
• Appointed Controller of Foreign Exchange Operations Team with accountability for devising and executing
exchange of ideas and best practices with colleagues to improve efficiencies.
DEUTSCHE BANK , New York, NY April 1996-April 1998
Associate-Manager Treasury Operations and Investigations
• Investigated non-receipt and late receipt of all FX; SWAPS and money market transactions.
MOORE CAPITAL MANAGEMENT, INVESTMENT MANAGEMENT November 1993-April 1996
SERVICES, New York, NY
Assistant Project Manager-FX Operations Department
• Oversaw staff of four to support maintenance of FX positions of all major and exotic currencies for
2 hedge fund managers.
REPUBLIC NATIONAL BANK OF NEW YORK, New York, NY March 1990-Oct. 1993
Assistant Treasurer Foreign Operations Specialist
GOLDMAN SACHS & CO., New York, NY Dec. 1986-March 1990
Foreign Exchange Specialist
EDUCATION
B.B.A., International Management, Pace University, New York, NY, 1986
Fluent in Italian; working knowledge of Spanish