1. ROBERT D. CORBETT
6 Old Lane Green Pond, Newfoundland N.J. 07435
BOBCANITA@A0L.COM
(973) 697- 5796
SUMMARY: Experienced Operations Vice-President.
Areas Include, Corporate Actions, Euroclear, PTC, Federal Reserve, DTCC,
JP Morgan Chase and the Bank of New York. Developed systems and
procedures for clearance of Corporate Bonds, Equities, Options, Foreign
Exchange / Nostro Accounts, Treasury and Mortgage Backed Securities,
Asset backed Securities, Repurchase agreements, Tri - Party Agreements,
Mutual/ Hedge Funds, Arbitrage Securities and Principal and Interest
payments. Reconciliation of Securities and Cash at all Depositories.
Initiated trade date balancing, to ensure trade date plus one settlement.
BK OF NY (2014)
(Consultant)
Tested and assisited in the delvelomenet of the
Bank of New York's new securities processing
system.
BARCLAYS CAPITAL CORP (2005- 2013)
Clearance of all Mtg Backed and US Treasuries securities thru the Bk Of
NY, GSCX system. Involved in the development of there internal operation
system (IMPACT).
Reconciliation of aged monies and security positions.
Training of personnel in the aspects of us treasuries and mortgage related
securities processing.
NOMURA SECURITIES INTL 2004- 2005
Consultant:
Clearance of US Treasuries, Agency’s and Mtg Backed securities thru the
Bank of NY via there GSCX System. Assigned securities to triparities via
There Repo-edge system and settled transactions thru the DTC System.
SAFRA NATIONAL BANK OF NEW YORK
(Vice President Securities Operations) 2000 to
2003
Responsibilities include cash and position reconciliation’s for DTC, PTC, Federal
Reserve and Euroclear. Systems development using Phase 3. Manager of 20
personnel, Engaged in clearance, balancing, stock record and ADR conversions.
2. Re-org/Corporate Actions, Domestic and off shore mutual/ hedge funds.
Foreign Exchange / Nostros Accounts. Roll Out of Broker Dealer.
Interaction with sales personnel, traders to develop procedures to balance on a
trade date basis. (For STP).
NOMURA SECURITIES INTERNATIONAL
(Fixed Income Operations) 1995
-2000
Developed, C.P.U. to C.P.U, link to Bank of New York for more efficient
clearance of U.S. Government and Mortgage Backed Securities. Reduced day
light overdraft approximately five thousand dollars daily. Implemented G.S.C.C.,
Blind Broker Business. Coordinated processing of London and Tokyo trades to
U.S. broker/dealer to improve settlement process and clear trades more
efficiently.
DAIWA SECURITIES AMERICA (Fixed Income Operations) 1991 -
1995
Responsibilities included clearance of U.S. Government Securities, Mortgage
Backed, Equities and Corporate Bonds. Completed implementations of Phase 3
Interface System with our clearing agents for Government and Mortgage Backed
Securities. Coordinated with traders and sales force to create and clear New
Issues, IPO’s, Corporate Debt Securities, either physical or DTC eligible, while
providing general problem solving capability to traders.
SHEARSON LEHMAN BROTHERS (Fixed Income Operations) 1988-1991
Completed development of C.P.U. to C.P.U. link to our clearing bank (VIA
RADAR) to improve clearing operation. Reduced clearing fees approximately
500K by renegotiating fee structure with clearing bank. Reduced financing costs,
in the Stock Loan Dept., approximately 100K annually by eliminating fails and
resolving aged fails. System Development for control of Stock Loan, Stock
Borrow Business. Revamped entire area to control fails, turnarounds, ACATS
and all mortgage related issues. Developed and implemented one account
concept for the ACAT’S Dept. which saved $200K annually by reducing the
number of security movements with the Bank Of N.Y. by two-thirds while
improving the control of segregated securities and complied with S.E.C. rule
15c-3-3.
SALOMON BROTHERS INC. (Euro-Bond Operations) 1976-1988
Managed all functions of instruction, settlements, finance, stock record, bond
borrows, reconciliation, new issues, conversions of securities and system
enhancements. Coordinated the development of the interface for Eurobond
Operations for both London and Frankfurt offices. Administered budgeting,
staffing, training for staff of three Assistant Supervisors and 25 support
personnel.
(International Fixed Income Operations) Assigned to London to develop
3. procedures and systems for the clearing of United Kingdom Gilts. Reorganized
Eurobond Settlements Area. Trained personnel in U.S. Government and
Mortgage Backed Securities. Developed systems and procedures to handle
Mortgage Backed Securities.
(Fixed Income Operations) Responsibilities included salary and bonus reviews,
interviews, and fail control, repurchase agreements and system development.
Involved in the development of Mortgage Backed Securities Clearing Corporation
Depository System for clearance of GNMA securities by means of a book entry
system. (P.T.C.) Provided significant problem solving capability for traders,
Salomon Branches and our customers. Presented lectures for Operations
Information Lecture Series. Assisted in the implementation of a C.P.U. to C.P.U.
Government Securities Clearance System. Involved in creating test scripts,
parallel testing and user acceptance testing. VIA Chase Manhattan Bank)
EDUCATION
Morris County Community College, New Jersey
Attended for Business Administration
US ARMY (1971-1973)
COMPUTER SKILLS
MSWORD, MSEXCEL, BLOOMBERG, EUROCLEAR, CEDEL CHASE AND
BANK OF NEW YORK