Russell Jackson
Analyst @Fidelity Investments
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WORK HISTORY
Analyst @Fidelity Investments
Boston, MA, US
Buyin Analyst in Stock Loan May 2025 - Present• Match borrow recalls in Loanet via Arms. Research the borrow recall when the instructions do not match and dk items which were instructed incorrectly by counter party.• When instructed by the desk, process loan and borrow recalls and kill of loan and borrow recalls in Loanet.• Process loan recalls for Loan Ladder items and 204 items via Loanet when instructed by the desk• Research aged deficit to determine if we have loan coverage. If we do have coverage, we will send an email to recall the loan.• Process buyins on aged 7th day deficits on loan recalls which are not return.• When instructed by the desk, notify Contra broker via email on outstanding loan recalls which are due for buy in• Notify the desk on open borrow recalls when the contra broker advise us they might be brought in.• Process buyins on loan and borrows recalls when instructed by the desk or the contra party.
EDUCATION
INACTIVE-1703030558-LIU Brooklyn
M.B.A., Finance
Pace University - Lubin School of Business
B.B.A., Management
SKILLS
ABOUT RUSSELL JACKSON
Results driven MBA Professional in the financial services industry with expertise in Operations and Middle Office balancing and researching the firm’s books and records. In depth knowledge of stock record and its related debits and credits. Excellent problem solver and researcher of potential exposure items. Significant accomplishments reducing cost and providing service improvements. Detail oriented supervisor in Transfer, Reorganization, and Settlements Departments and supported the finance and agency desks. Significant Accomplishments• Maintained a trace violation rate of 1% on the agency desk for all trades which were trace eligible and was the leader among its peers in this statistic.•Reduced borrow cost for Euroclear and DTC items by 25 Million Dollars.•Reduced the Overborrow figure for Euroclear and DTC from 800 items at 2 Billion dollars to 125 items at 250 Million dollars.•Reduced aged equity DTC fails by 80% and related capital charges by 75%.•Prevented any controllable Stock Record, Intercompany, Agent or Cash Break from aging more than two days. •Succeeded in not allowing any DVP physical fail to age more than 10 days.•Reduced total number of unconfirmed client and firm transfers from 122 transfer to 0, and reorganization transfers from 289 to 190, and the capital charges associated with these transfers from to 0 and to respectively. •Reduced total number of unconfirmed positions for certificate replacement from 30 to 2, and the capital charges relating from these positions from to and helped implement a new process for the branch network at Citigroup to send DTC eligible securities directly to DTC instead of Citigroup back office and developed a branch deposit reject report for these securities.
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