Bruce Townsend

Experience

Core Competencies:  Operations Management, Vendor Management, Process Reengineering, Project Management, Trading Desk Support, Staff Management and Leadership, Metrics Reporting, SEC/ACA Reports, Voice and Electronic Trading Management, Policy and Procedure Development

  • Managed the Trading Operations for large Global Macro Hedge Fund.  Oversee trade processing, confirmation, settlements, reconciliation, and client/ fund on-boarding.  Asset coverage includes Equities, FX, Rates, Futures, Fixed Income, CDS, Commodities and Exotics.
  • Led the initiation and implementation of back office outsourcing model to third party vendor, featuring trade affirmation, reconciliation, OTC Confirmation, and settlements
  • Instituted a project management based approach for successful launch of multiple funds.  Included development of standardized templates and project plan for tracking tasks. 
  • Implemented top day reporting to display real time statistics for trade affirmation of FX, cash and OTC Equities, Rates, and OTC Trading.  Provided multi-layer supervisory review and sign-off.
  • Developed and on-boarded online Trade Error Reporting system to replace paper review of Trade related errors at large global macro hedge fund.
  • Led onboarding of Electronic Trading Platforms, standardizing the process and acting as liason between trading, technology, and vendor stakeholders.
  • Implemented an automated review and sign-off process for all reconciliations (including outsourced).  Established SLA to ensure tasks were defined, and reconcilations delivered within specified timeframes.
  • Implement strategy and solutions to meet requirements requirements for trade surveillance, regulatory reporting, and trade transaction reporting.
  • Develop and execute remediation plans and ensure timeliness, accuracy, and completeness to meet new and existing regulation requirements.