Stephen Webster
Education:
HARVARD UNIVERSITY Extension
Capital Markets and Finance
DENISON UNIVERSITY, Granville, OH
B.A. Economics
Professional Experience
* Up to $300 million/day in daily transactions.
* Strong ability to successfully work with cross-functional teams and perform
Project Management within the Capital Markets and Treasury areas.
GABELLI ASSET MANAGEMENT, Denver, CO 2/2006 - Present
Vice-President
Special Projects to perform daily operation through collaborating with internal
departments/external vendors as a team player and performing daily portfolio
valuations, foreign exchange and derivative trades up to $300 million/day.
Helped design and develop new strategies for improving company trading
platform.
Engaged in implementing their cash management platform/hedging and risk
management systems.
Coordinate risk management activities with accounting and financial activities,
such that FAS 133 accounting can be maintained, where required by the Company.
Research and develop new trading tools, new measurement methodologies and evolve
best practice standards in support of the company's various transacting
activities.
Define investment approaches using analytical tools/reports while gathered
industry and economic information and competitor's footprint.
Participant/assist in the development of policies and procedures including
authorization, monitoring and reporting.
Maintained daily, monthly and quarterly internal and external reporting/pricing
valuations for firm and clients. Formatted through Adobe Acrobat, Excel and
Crystal Reports.
Provide heightened analysis of profit and loss reports.
Executed daily derivative trades and foreign exchange for company's clients and
relayed important market information.
Recommended to Senior Management on how to best manage or mitigate these
exposures within company Risk Management Policy limits.
JANCO PARTNERS, Denver, CO 2004-2006
Institutional Manager
A full-service investment banking firm, focusing primarily on institutional
research and arranging financing from $3 to $50 million for profitable
companies.
Expertise in the cable, media and telecommunications sectors in a capital
markets environment.
Worked with outside groups/vendors to compile data and increase revenue/decrease
overhead.
Helped with hedge fund accounting while being liaison for auditors, tax
consultants and prime broker.
Reconciled as well as posted trades from Order Management System into accounting
system while communicating with global banks/ internal trading desk and
performing journal entries.
Strong team/liaison player that helped bolster firms overall annual revenue by
30% to over $8 million.
Maintenance of complex financial and statistical models that quantify exposure
to specific financial risks while strengthening quantitative skills.
Review 8-k's and 10-Q's for due diligence and channel checking reviews for
equities followed.
Establish and revise risk limits as needed.
Quantify and analyze the company's on-going exposure to movements in
equity/derivative price exposures by analyzing these exposures and devising
strategies and recommendations for Senior Management on how to best manage or
mitigate these exposures within Risk Management Policy limits.
GABELLI ASSET MANAGEMENT, Rye, NY/Denver, CO 2002-2004
Vice President/Financial Analyst
Diversified $30 billion asset manager and financial services company.
The company's investment Services Manages separate accounts for institutions and
qualified and pension plans thru family of mutual funds.
Developed new business strategies to sales people by cultivating relationships
and cross selling firm products to institutions such as University Endowments,
Foundations, Pension Plans, Small Business Owners and Family Offices.
Established procedures for financial models and provided analysis on business
development and assisted in responsibility of proper activities of the Company's
global cash management systems.
Reconciled accounts and their cash balances on a daily, weekly and monthly basis
to define credit risk.
Researched, coordinated and led special projects related to company's cash
management by determining equity and derivative risk that could benefit future
capital needs.
WACHOVIA BANK, Denver, CO 1995 to 2001
Sr. Vice President
Fourth largest bank holding company with 13 million households and businesses
and over $400 billion in deposits.
Marketed Banks products to a High Net clientele and Small Business Owners where
I grossed over $2.5 million in revenue.
Ranked #5 nationally and achieved 200%+ of my goals for 2 years.
Recruited, hired, trained and supervised 9 brokers in a brokerage branch with $9
million in sales.
Awarded Company's Chairman Club/Platinum Club for outstanding Production.
Developed, established and maintained operational procedures while monitoring
business performance
by unit and/or division.
THE BOSTON COMPANY, Boston, MA 1989-1994
Cash Manager
A $72 billion commercial bank that offers money management services to high net
individuals, institutions and pension plans. Recently purchased by Mellon Asset
Management with $5.5 trillion in assets.
Responsible for identifying and forecasting commodity and foreign exchange risk
for Global Bank's Treasury Department while assisting in daily global operations
of Company's cash management systems in the capital markets arena.
Executed, verified and reviewed security trades, expenses, cash projections and
income to determine risk assessments.
Contributed to preparing semi-annual and annual reports while maintaining
general ledger accounts on a monthly basis.
Managed and reported hedging strategies along with team to reduce Commodity,
Interest rate and foreign exchange risk to senior management.
Assist in acquisitions by identifying risk exposures and measures to mitigate
those risks.
Assist with audit engagements when necessary.
Assure compliance with credit/derivative risk policies that are consistent with
supporting the overall business unit and corporate strategies.
MERRILL LYNCH CAPITAL MARKETS, Boston, MA 1985 to 1988
Assistant
A leading investment bank with $1.3 trillion in assets that offers a broad range
of financial services to private clients, small businesses and institutions.
Bookkeeper/ Margin Clerk for Mutual Fund trading desk. Reconciled trades for
some of the company's mutual funds.
Researched errors and talked to custodial banks so trades would be settled in a
timely fashion.
Relayed to traders why trades not settling.
Helped calculate cash projections for funds and redemptions by shareholders on a
daily basis while maintaining all information on a monthly general ledger.
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