BizAnalyst Network: 10/01/2009

Jobs: Calypso QA Analyst (San Franciso, CA)

#1830 – Calypso QA Analyst

Location: San Francisco, CA
Salary: $70,000 – $100,000 + Bonus
Contact: Kendal Ridgeway

This role will oversee regression of the Calypso Integration, build out regression for v10 Calypso testing, execute test scripts provided for functional testing, release validation, performance testing and process improvement for the Calypso Rates instance. Products include US/European interest rate swaps and options, StructuredExotics, inflation swaps/options, counterparty credit products, credit default swaps and municipal products. All tests must be meticulously tracked and changes understood by the business.

A strong understanding of the Calypso configuration, architecture, messaging and pricing is essential. The candidate must be extremely detail oriented and have strong organizational skills. Candidate must be able to address time sensitive demands on a continuous basis. Candidate must also work well under pressure.

Support is required at off-hours sometimes for release validation and meeting deadlines, but remote connectivity is provided. Most of the time is spent collaborating with Developers, BA's and Operations to ensure issues are tested thoroughly.

Requirements:
- Minimum 5 years experience QA, Production Support, Operations or Investment Banking
- Bachelor Degree in MIS, Finance, or related discipline
- Experience testing Interest Rates derivatives using the Calypso application (v10 preferred)
- Ability to track and report defects, issues and overall results to peers and management
Proficient in Microsoft Excel
- Excellent communication skills and judgment, ability to manage multiple tasks, and work towards a deadline in a fast paced, aggressive development schedule (must have proven experience)
- Working knowledge of SQL.

Warmest Regards.

Kendal Ridgeway
Recruiter

646-461-3270
Postings@CareersOnTheMove.com

Legacy Capital: The Driving Force of the American Dream

Get your copy: Amazon.com, Barnes & Noble, Audio Series, e-Book

Feds Wiretap Wall Street Rouge

Feds Wiretap Wall Street Rouge (since 2007)

The Galleon rules
The message for Wall Street coming out of the Galleon Management insider-trading prosecution is this: It's no longer enough to watch what you write, but now you've got to watch what you say.

One of the more notable things about the insider trading case against Raj Rajaratnam, the co-founder of Galleon, is the heavy reliance by federal prosecutors on evidence gathered through taps placed on his cellphone.

- full article

Galleon's Traders Seek Legal Advice
Galleon Group's analysts, portfolio managers and traders in New York are seeking legal advice and updating their resumes after the arrest of Raj Rajaratnam, the hedge-fund firm's founder, led to a flood of redemption requests.

At least 10 more people in the securities industry may be charged as early as this week in a federal investigation of insider trading that has been two years in the making, according to people familiar with the matter. Some of those may be connected to the case against Rajaratnam, the people said.

The pending crackdown may yield charges against hedge-fund managers and their associates, the people said, declining to be identified because the cases aren't public.
- full article

Bear Manager "Sold Out" Hedge Fund Before Collapse

Bear Manager Cioffi Redeemed $2 Million From His Fund

Bear Stearns Cos.'s Ralph Cioffi moved $2 million out of a hedge fund he managed into another one that was performing well in March 2007, less than four months before his funds failed, a former employee testified.

Ken Mak, a former Bear Stearns Asset Management product manager, told a federal jury in Brooklyn, New York, today about an e-mail he received. Cioffi asked him to transfer $2 million, a third of the money he held in the Enhanced Fund, or EHGS Fund, to another called the Bear Stearns Structured Risk Partners Fund, or SRP Fund.

- full article

Legacy Capital: The Driving Force of the American Dream

Get your copy: Amazon.com, Barnes & Noble, Audio Series, e-Book

Enjoying the country morning. Fresh snow melts away. Inspiration for the new book: Win the 401k Game http://ping.fm/kGEEw

Securitization market evolves to new world

Securitization market evolves to adapt to crisis

The securitization market has started to thaw, but many industry participants agreed that some of the more complex instruments, such as collateralized debt obligation squareds, might never return. Asset-backed securities from Lloyds Banking Group and Volkswagen were heralded as helping to reopen the market, but they were also considered to be "plain vanilla" deals. "We've gone from a time where everyone bought ABS and fought for every extra basis point through a knee-jerk period where you couldn't sell these deals at all. Now the debate about the future is becoming more reasoned and forward-looking," said Gareth Davies, JPMorgan Chase's head of European ABS research.

-Financial Times

Securitization market evolves to adapt to crisis

Securitization market evolves to adapt to crisis

The securitization market has started to thaw, but many industry participants agreed that some of the more complex instruments, such as collateralized debt obligation squareds, might never return. Asset-backed securities from Lloyds Banking Group and Volkswagen were heralded as helping to reopen the market, but they were also considered to be "plain vanilla" deals. "We've gone from a time where everyone bought ABS and fought for every extra basis point through a knee-jerk period where you couldn't sell these deals at all. Now the debate about the future is becoming more reasoned and forward-looking," said Gareth Davies, JPMorgan Chase's head of European ABS research.

-Financial Times

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All the Best

Victor Lloyd Smith

Millennium Lyon Asset Management

Phone: 917-653-4406

Fax: 888-802-8170

Email: vsmith@mlgcap.com

Web: www.mlgcap.com

Legacy Capital Book :: Get your copy

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Threats to economic recovery remain

Summers says threats to economic recovery remain

Lawrence Summers, economic adviser to the White House, said weak demand and other issues could hinder economic recovery, although it appears the economy is returning to normal. A "lack of demand will be the major constraint on output and employment in the American economy for the foreseeable future," Summers said. "The combination of low-capacity utilization and substantial leveraging of household balance sheets raises questions about the sustainability of demand growth going forward."

- The Wall Street Journal

Flight to Quality in Corporate Bond Market

Rally in corporate-bond market faces challenge

The rally in the corporate-bond market in Europe, the U.K. and the U.S. indicates investors' risk appetite has increased this year, but disappointing economic figures from the U.S. hit the market hard. While it might have been only a temporary blip, there are other signs that investors are beginning to pull back.

-The Wall Street Journal

Congress May Force OTC Derivatives to Go Electronic

Rep. Frank's derivatives bill would exempt manufacturers

Rep. Barney Frank, chairman of the House Financial Services Committee, released draft legislation that would require most over-the-counter derivatives contracts to be traded on exchanges or through regulated trading platforms. However, the bill would exempt Caterpillar, Apple and other manufacturers from posting extra collateral to hedge their derivatives transactions.

-Bloomberg

The BULL is Back! Merrill Lynch back on the street

BofA to begin promoting Merrill Lynch brand

Bank of America plans to spend $20 million for promotion to relaunch the Merrill Lynch brand in the fourth quarter. The Merrill logo of "the bull is back," said BofA Global Wealth & Investment Management President Sallie Krawcheck. "We recognize that the bull is a sense of pride for the financial advisers, and this is just as much about motivating them as it is the consumers," said Karen Kaplan, president of Hill Holiday, which is partnering with BofA on the campaign.

-The Wall Street Journal

US Economy Is Back From the Brink

USA was on verge of depression

Christina Romer, head of President Barack Obama's Council of Economic Advisers, said the country came extremely close to a second Great Depression. Columnist Robert J. Samuelson explains the difference between the past couple of years and 1929 that made it possible for the economy to avoid depression. He writes that the government's range of economic stimulus helped stem the panic, but that has yet to evolve into optimism.

-The Washington Post

Big Firms Exempt From New Derivatives Rules

Bill would exempt some big firms from derivatives rules

Under a draft bill aimed at regulating over-the-counter derivatives trading, some large companies such as oil and airline groups would hold an exemption. The Treasury wants all standardized derivatives to be processed through clearinghouses, a move seen as reducing risk, but some large companies said the change would oblige them to produce large amounts of cash. The exemption would allow their derivatives trading to continue as is.

-Financial Times

JOBS: ToigoPRO MID-CAREER TALENT CONNECTION (@ Morgan Stanley NYC)

Please share this information with your professional network.

Here is an opportunity to connect with Toigo PRO: Mid Career Employment Opportunities. It's designed for experienced mid-career professionals and MBAs, MA/MS grads (focusing on the Financial Services industry). Morgan Stanley will host the event. Tell a friend.

All the Best

-Victor


ToigoPRO™ MID-CAREER TALENT CONNECTION

	The ToigoPRO™ MID-CAREER TALENT CONNECTION brings together diverse finance professionals (MBAs with 5+ years industry experience) and firms that are actively hiring. The setting will be focused and results-driven, allowing both candidates and employers to start meaningful conversations and make strong connections. Sponsored by the Robert Toigo Foundation(with the generosity of Morgan Stanley - major underwriter and location host), the ToigoPRO MID-CAREER TALENT CONNECTION is a must-attend for top candidates and top industry firms.

When

Tuesday, October 20, 2009 4:00 PM - 8:00 PM

Career Fair 4:00 pm - 6:30 pm

Networking Reception 6:00 pm - 8:00 pm

Eastern Time Zone

Where

Morgan Stanley

1585 Broadway, New York, NY 10036

Professionals with 5+ years finance industry experience
Identify "real" job opportunities
Register by Monday, October 12, 2009to submit your resume in advance
Unlimited access to the ToigoPRO™ Job Bank

Candidate Registration Fee is $35

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