HAROLD B.

NEMBHARD
SKILLS
Proficient in Trading System, Harvard Graphics, Viewstar, Filetech, Recon-Plus,
MultiMate, Paradox, Lotus, Access, Excel
PROFESSIONAL EXPERIENCE
FHLMC 01/07
Financial Statements
1 Prepared Monthly and Quarterly Financial statements to record the amortization
of debt associated with issuance of Mortgage Backed Securities.
2 Prepared Monthly and Quarterly Financial Statements to Record the amortization
of remaining balance on securities issued and retained in FHLMC'S portfolio. Th
is
required special attention to current maturities and outstanding rates as a rel
ation to
current trends in Interest Rates.
3 Prepared Income and Loss statements on Securities issued as Hedges against for
ecasted
amortization of securities versus projected rate fluctuation.
DEUTSCHE BANK 04/02 - 01/07
Income Collections
1 Reconciled Debit balance of $10,000,000 in the MBS suspense account for P&I pa
yments.
2 Resolved breaks in client account caused by misallocation of P&I payments.
3 Processed claims to clients and received over 7 million of unclaimed P&I.
4 Iniated events for clients, contacted and arranged for payments on margin call
s
5 on various instruments, including swaps,swaptions and Government Securities.
6 Reconciled daily activity and security balances on in-house system vs BONY.
7 Reported to Management on a weekly and Monthly basis on collateral position
8 and valuuation .
MELLON SECURITIES, RIDGEFIELD PARK, NJ 09/01 - 02/02
Fixed Income Trading
1 Implemented trade support monitoring and reporting procedures for Corporate an
d Treasury Bond trades.
2 Set up a database of accounts with relevant clearing instructions in complianc
e of SEC regulations.
3 Created reports for monitoring daily trading activity and day end balances to
be reported to the Traders on a daily basis.
4 Performed a daily reconciliation of the daily Trading activity on both the Blo
omberg and Pershing systems.
DEUTSCHE BANK, NEW YORK, NEW YORK 04/01 - 09/01
Controlling Department
1 Performed Inter branch and Inter company reconciliation of deals done in vario
us currencies and metals worldwide.
2 Reported monthly to management on differences between the New York branch and
other branches around the world.
3 Interfaced with traders and BackOffice support to resolve differences uncovere
d during the reconciliation process.
YAMAICHI INTERNATIONAL, BANK OF AMERICA, INTERPAYMENT INC. (BARCLAYS, NEW YORK),
CHASE MANHATTAN, FLEET MORTGAGE COMPANY, NATWEST NEW SECURITIES, 5TH 3RD BANK,
CMSS 8/91 - 03
Project Manager
1 Hired, trained and supervised a team of eight individuals to research and reco
ncile differences in the New York, Connecticut and New Jersey Certified Check Ac
counts.
2 Reviewed the monthly reconciliation of the above mentioned accounts and instit
uted an Excel spreadsheet to record the outstanding items.
3 Prepared weekly reports for the Department Manager on the status of aged items
, and set strategy for resolving the remaining outstanding items.
1 Researched DTC balances and clearance, stock records, principal and interest,
traders profit and loss, general ledger Mortgage Backed Securities, clearance, b
ank reconciliation and Institutional Asset Management.
2 Reconciling daily activity in the Certified Check account (CT, NY) in systems.
3 Reconciled differences in ReOrg department. Saw to proper allocation of shares
and monies on various deals.
4 Responded to customer requests for transfer of stock or delivery of proceeds.
5 Handled customer inquires as to status of pending corporate actions and report
ed to the Department Manager on the status of all ongoing inquiries.
6 Reconciled Monthly Statements for Major corporations for which the Bank was cu
stodian for their Pension Plans. A review of activity to ensure timely and accur
ate appropriations were made to the appropriate funds, pertaining to share value
on the date of receipt of deposit by the client. A reconciliation of timely and
accurate allocation of dividends from the applicable funds to the appropriate a
ccounts was also conducted.
SHEARSON LEHMAN BROTHERS, NEW YORK, NEW YORK 09/83-5/91
Supervisor - Accounts Receivable
1 Reconciled a 300 million-dollar backlog related to intra company transaction.
2 Reconciled differences between various inter company accounts.
3 Reconciled differences between trading and back office accounts involving tran
sfer of inventory between traders and traders accounts/ as well as for inter com
pany transaction.
4 Balanced general ledger accounts against bank statements on a daily basis.
5 Developed, tested and implemented a local area network application to accommod
ate ledger transfer procession.
6 Supervised a force of twelve employees responsible for researching and reconci
ling trade related differences.
7 Prepared timely and accurate management informational reports.
8 Prepared P&L receivables, claims and allocation of funds.
Traders Assistant
1 Assisted seven traders in timely and accurate processing of fixed income trade
s.
2 Verified traders P&I.
3 Allocated all processing through DTC and FED
4 Allocation of mortgage back trades (FHLMC, GNMA, FNMA).
5 Verified daily GSCC balances.
6 MIS reporting - Provide timely reports on the processing of all Mortgage Backe
d trades.
PRUDENTIAL BACHE, NEW YORK, NEW YORK 12/82 - 9/83
Traders Assistant - Mortgage Backed Securities /Corporate Bonds
1 Assisted fifteen traders in processing P&I trades related to Mortgage Backed S
ecurity and Corporate Bonds (GNMA, FNMA, FHLMC)
2 MIS - Proved timely reports on the processing of all Mortgage Backed trades an
d Corporate Bonds.
KEARNS, MELLOY AND ASSOCIATES (KMA), NEW YORK, NEW YORK 06/82 - 12/82
Consultant
1 Researched and resolved Stock Record, Principal and Interest and trade related
differences for Security Pacific in California.
MERRILL LYNCH NEW YORK, NEW YORK 06/69 - 02/80
Treasurers Assistant 5/79 - 2/80
2 Processed Repo trades.
3 Prepared a detailed analysis of Repo and Reverse Repo Transaction to treasurer
.
4 Paid closed attention to market fluctuations of securities involved in these t
ransactions.
5 Maintained spreads on matched book positions.
6 Made margin calls whenever necessary.
Puerto Rico Liaison 5/77 - 4/79
1 Maintained and reported on parallel activity which occurred in a satellite off
ice in Puerto Rico.
R/D Clerk - Mortgage Backed Securities 2/75 - 5/77
1 Performed clearance functions to receive or deliver physical and wireable secu
rities.
2 Balanced clearance activities to ensure accountability for Fails DK's and clea
red trades.
Bank Reconciliation 4/72 - 2/75
1 Balanced general ledger accounts against bank statements.
2 Balanced band to book activity for clearance operation.
3 Finance the firm's position at the bank via bank loans or collateral.
4 Account for all check disbursement for daily financing and balancing.
Internal Audit Department 6/69 - 4/72
1 Verified inventory balances in various operational departments.
2 Balanced general ledger accounts against bank statements on a daily basis.
3 Confirmed balances at banks or depositories when applicable.
EDUCATION
Queens College
Brooklyn College