Scott Glendening
Kansas City,MO
Summary
Proactive leader with a significant role in developing new initiatives, procedures, and processes to help increase efficiencies. Outstanding interpersonal, analytical, technical, and problem-solving skills.
Overview
21
21
years of professional experience
Work History
Vice President Derivative
Bank of New York Mellon
10.2022 - 06.2023
- Daily oversight of communication with Investment Managers regarding the capture of derivative transactions
- Managed a team of 7 analysts who were responsible for a variety of derivative trade capture
- Educated team on how complex derivative transactions worked and how they flowed into the firm’s programs and systems
- Tested new technology solutions and improvements for new and existing business needs and acted as a subject matter expert
- Recruited, directed and motivated staff in order to develop and maximize their professional growth and ability to function as a team
Manager of Derivatives
Waddell & Reed
01.2011 - 06.2022
- Managed and developed team responsible for all derivative transactions
- Liaised with the Director of Structured and Derivative Investments and Derivative Lawyer on current and upcoming regulations and developed processes and controls to meet industry standards
- Oversaw the securities lending program for all mutual funds
- Maintained eight sub-advisor back office relationships
- Reviewed all processed listed and OTC derivative setups and transactions
- Reviewed the close end funds’ issued debt and monitored all collateral associated with the loan
- Monitored multiple compliance tests related to derivative and leveraged positions
Unit Manager
Waddell & Reed
01.2007 - 01.2011
- Reviewed all collateral activity related to listed and OTC derivatives
- Worked directly with Investment Management to accurately record and timely settle trades
- Primary escalation contact for multiple custodian banks regarding derivative settlements
- Regular reporting to Senior Management on sub-advisor relationships
- Department liaison with IT for implementing enhancements and troubleshooting on accounting system
Derivative Staff Accountant
Waddell & Reed
04.2006 - 01.2007
- Carved out all of the derivative operations and accounting from the portfolio administration group
- Accurately setup and processed derivative trades into the accounting system
- Trade types were futures, options, forward currency contracts and swaps
- Prepared monthly and quarterly reports for the reporting group and management
- Managed collateral related to derivatives
- Confirm derivative transactions with brokers and oversaw settlements through the custodian bank
Staff Accountant
Waddell & Reed
05.2002 - 04.2006
- Prepared daily cash reconciliations for the funds
- Calculate and record daily expense accruals and payments
- Prepared and communicated cash forecast reports for Portfolio Management
- Analysis of day over day accrual/amortization changes
Education
Master of Business Administration - Finance and Marketing
Rockhurst University
Kansas City, MO12.2006
Bachelor of Science - Finance
Missouri State University
Springfield, MO12.2001
Skills
- Strong Derivative Product Knowledge
- Internal Controls
- Pricing and Valuations
- Audit Preparation
- InvestOne Enterprise
- InvestOne OLE
- Microsoft Office Suite
- GTSS
- DTCC
- MarkitSERV
- Markitwire
- Finastra
- Charles River
Timeline
Vice President Derivative
Bank of New York Mellon
10.2022 - 06.2023
Manager of Derivatives
Waddell & Reed
01.2011 - 06.2022
Unit Manager
Waddell & Reed
01.2007 - 01.2011
Derivative Staff Accountant
Waddell & Reed
04.2006 - 01.2007
Staff Accountant
Waddell & Reed
05.2002 - 04.2006
Master of Business Administration - Finance and Marketing
Rockhurst University
Bachelor of Science - Finance
Missouri State University
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