Derivatives · Commodities · Calypso · Murex · Capital Markets and Energy

PHILLIP GREEN S E N I O R B U S I N E S S A N A LY S T

D E R I V A T I V E S T R A D I N G D E S K @ G M A I L . C O M +001 513 257-

8465

Phillip is a versatile and focussed business process consultant and senior business
analyst with over 15 years experience in commodities trading processes and IT
specialising in:
 Asset Management, Derivatives, Equities, Bonds and Fixed Income and
Structured Products, Energy Trading and Risk Management systems: OpenLink
Endur, Calypso, Triple Point, Sungard, Sophis, Wall Street, Trema, Bloomberg,
Murex MX.3, Charles River and Latent Zero
 Derivatives trades processing and risk controls across Equity, Interest Rate,
Credit Derivatives, Physical & Financial Forwards, Futures, Options, Swaps,
OTC, Exchange Traded, Structured and Exotic trading activity
 Multi-product businesses mixing Power, Energy, Metals, Oil, CO2, Green
Certificates, European Emissions, FX, Rates, CDS, and Treasury products.
 Understanding and integrating front, middle and back-office requirements
Phillip focuses on ensuring IT components integrate into a workable solution the
business can use and defining system changes to support users’ activities.

He enjoys analysing complex processes to determine appropriate solutions and

works either as a senior business analyst or functional architect to define and
implement technical and process change.

He has played a key role in successfully delivering projects with a variety of clients
(Fortis Bank and Fortis Investments, Bank of New York, BP , Chicago Mercantile
Exchange, Fifth Third Bank, Fuji Bank, JPMorgan-Chase, Shell Trading, Wachovia
Bank) covering a wide range of cash and derivative products.
His experience encompasses the full front-to-back trade-flow: trade event capture,
client reporting, settlements, risk management, regulatory reporting, compliance,
reconciliations, product control, finance & accounting and management information
processes – and has managed solution implementations in and around a variety of
vendor technologies as well as several in-house and proprietary client systems.
Phillip has experienced the commodities markets from the diverse viewpoints of
exchanges, brokers, traders, generators and suppliers. He is formally trained and
qualified in project management (PMI), business analysis (BSD), process
improvement (Six Sigma Green Belt), commodities trading (NASD Series 3). He is an
expert in MS Office tools (Visio, Word, Access, SQL, Excel & VBA …) to support
detailed analyses, documentation and prototyping.
EDUCATION
B.A., Communications Studies University of Detroit-Mercy,
Computer Science Certificate Program, Roosevelt University
Certtificate Financial Markets & Trading, Futures and Options, De Paul University
College of Commerce
Series 3 Commodities Brokers Futures Exam, National Association of Securities
Dealers (NASD)

Six Sigma - Green Belt, Fifth Third Bank

Project Management Institute (PMI), Dayton OH Chapter

Case Study – Fortis Investmenst and Fortis Bank, Brussels, Belgium Calypso and
Murex OTC Derivatives platform implementation and Conversion Project

Issue: Trade processing revaluation and post cash flow to Fortis position-keeping systems for
Inflation Swaps, Volume Swaps, Loans CDX, Interest Rate Swaps, Credit Default Swaps,
Swaptions, Cross-Currency Swaps and gather historical market data for end-of-day positions,
vaR calculations and out of the box Calypso reporting (delta buckets, Vega buckets….).
Connecting Calypso to all Fortis upstream and downstream systems, designing, implementing
interfaces from a business analysis requirements perspective, to include ThinkFolio for swaps
(CDS, IRS, CCS and Total Return Swaps, Minerva (Latent Zero) for bonds, equities and FX.
Define risk management: mainly Market Risk functionality for initial phase, then Credit Risk
as currently company wide credit risk done in a separate database aggregating various
systems output.

Define workflow for all products for daily trading in Calypso and Decalog (Portfolio
Management System), ThinkFolio (OMS) and DTCC (matching). Integrate Calypso and Murex
to T-Zero and SwapsWire to be used for trade pre-matching. Define specifications for
Calypso/Murex slice of Fortis production database for demo and “proof of concept” at the
operational view. Ensure that work with counterparty and novational fail process remains
intact with integration with Calypso and Murex and that the original trade remains, that new
deals, and unwinds have operational transparency.

First implement highest volume (in descending order): IRS, CDS, Inflation swaps, swaptions,
then volume Swaps, Loans CDX, and CDO tranches.

Approach: Detailed gap analysis undertaken to determine where Calypso and Murex vendor
“implementation templates” failed to meet the growing needs of Fortis Investments for TRS,
IRS, CDS, and CCX front, middle and back office specific. Vetted out some issues with TRS on
equity futures, modelised as futures for Risk purpose and TRS on commodities that were
(modelised for Risk, and not yet used in trade processing.
Developed some bank loan support in an earlier version (should be better supported now in
the product current version): pricer & GUI. Develioped specifications for Calypso and Murex
for Fortis Investments integration with Market Data, Fund Accounting, payments and pricing
publications for true STP of all derivatives and all trades.

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Result: Recommended much care should be given to workflow definition prior to true
implementation of Calypso or Murex, making sure that it will not be too expensive to maintain
afterwards, as standard Calypso workflow “out of the box” is simplistic and not usable
directly. Calypso task station: was not allowing to capture all exceptions. In-house Fortis
application may have to be developed with Fortis tools and team tools to monitor Calypso
exceptions.

Recommended stricter discipline to regression testing before new Calypso release/patch or

change of configuration for Fortis Investments Asset Management, which is very crucial and
important, particularly during the first phase of the project.

E - M A I L D e r i v a t i v e s Tr a d i n g D e s k @ g m a i l . c o m
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