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Karen Costagliola's Resume

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Karen Costagliola is a highly experienced securities lending professional with over 30 years of experience. She has held vice president roles at several major financial institutions, including Wachovia Bank, Cantor Fitzgerald, and The Bank of New York. She leverages her leadership skills and extensive experience in securities lending to help organizations achieve their goals. Her background includes managing client relationships, operations, and compliance.

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KAREN COSTAGLIOLA 168 Jefferson Boulevard, Staten Island, NY 10312 Home (718) 356-4026 Cell (917) 837-0631 Karen.costagliola@verizon.net LEADERSHIP TEAM COMMITMENT EXPERIENCED Highly articulate, analytical Vice President, Securities Lending who leverages her skill set to help the organization and its clients achieve its short term and long-term goals. PROFESSIONAL EXPERIENCE Prudential, (Temporary Position through Adecco Financial, Iselin, NJ Present Investment Operations Associate Take incoming trade calls and instructions from customers, financial professionals (agents), and field management. Place orders in a timely manner and answer calls with minimal delay. Perform quality control review of trades processed and other trade support functions. Arlia & Associates, CPAS LLP, Staten Island, NY Office Manager (Part-time, Seasonal) March 2011 to November 2011 Responsible for providing financial and administrative support to internal clients. Reviewed procedures, manuals, and system enhancements making revisions to improve operating efficiency. Researched and collected on accounts as many as 3 years in arrears, collecting $75,000 in funds deemed uncollectible. Verify bank deposits and bank payments and reconcile with bank records and statements. Coding, preparing, and entering corporate, and individual tax returns for firms strategic clients. Global Coffee, New York, NY Office Manager June 2004 to December 2010 Assign and monitor clerical, administrative and secretarial responsibilities and tasks among office staff. Developed procedural and policy changes to improve operational efficiency. Maintain and process weekly payroll, documented new hires, and resignations; tracked attendance. Wachovia Bank, (Metropolitan West Securities), Short Hills, NJ Vice President - Securities Lending December 2001 to June 2004 Directed and supervised the integration, and system conversion of the Cantor relationships over to Metropolitan West Securities/Wachovia Bank. Responsible for three high profile clients that totaled $3.5 billion on loan. Responsible for day-to-day operations of client activity. Interacted with custodians on behalf of clients to resolve trade issues. Developed, managed and retained relationships with borrowers. Executed contractual agreements with borrowers, clients, and brokers. Established and maintained compliance guidelines utilizing Sungard/DML and Cash Management Systems. Identify, evaluate, negotiate, and execute trade opportunities of client-owned securities in a timely, complete, and, optimal manner.
KAREN COSTAGLIOLA Cantor Fitzgerald, New York, NY Vice President - Securities Lending September 1993 to December 2001 Assisted in the startup of a third party Agent Lending Program. Responsible for three high profile clients that totaled $3.5 billion on loan. Implemented the Sungard/DML Securities Lending and Cash Management System. Responsible for day-to-day operations of client activity. Assisted clients with managing their cash collateral investments with either a separately managed account or a commingled pool. Interacted with custodians on behalf of clients to resolve trade issues. Developed, managed and retained relationships with borrowers. Executed contractual agreements with borrowers, clients, and brokers. Established and maintained compliance guidelines utilizing Sungard/DML and Cash Management Systems. Took a leadership role after tragedy struck the firm by working with clients that business will continue as usual while rebuilding the business due to the events of 9/11. The Bank of New York, New York, NY Assistant Vice President - Securities Lending July 1983 to September 1993 Traded client-owned securities, lending (US & Intl equities, corporate bonds, & sovereign debt) to the broker dealer community, meeting daily cash collateral business needs. Earned a reputation as being the first in and last to leave, especially when facing critical deadlines. Managed securities lending operations. Led project that increased the return of loaned securities in order to meet obligations of a sale significantly reducing the number of trade fails. Processed mark to markets of equities and corporate bonds, US treasuries, and agencies. Facilitated the buy-In process, collection of dividends, and corporate actions. Settlement of Securities Lending transactions and investments via Federal Reserve Wire (FED), and Depository Trust Clearing, (DTC). LICENSES FINRA Series 7 FINRA Series 63 SKILLS MICROSOFT WORD MICROSOFT EXCEL MICROSOFT POWERPOINT LOTUS NOTES/OUTLOOK BLOOMBERG SUNGARD/DML CASH MANAGEMENT

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Karen Costagliola's Resume

  • 1. KAREN COSTAGLIOLA 168 Jefferson Boulevard, Staten Island, NY 10312 Home (718) 356-4026 Cell (917) 837-0631 Karen.costagliola@verizon.net LEADERSHIP TEAM COMMITMENT EXPERIENCED Highly articulate, analytical Vice President, Securities Lending who leverages her skill set to help the organization and its clients achieve its short term and long-term goals. PROFESSIONAL EXPERIENCE Prudential, (Temporary Position through Adecco Financial, Iselin, NJ Present Investment Operations Associate Take incoming trade calls and instructions from customers, financial professionals (agents), and field management. Place orders in a timely manner and answer calls with minimal delay. Perform quality control review of trades processed and other trade support functions. Arlia & Associates, CPAS LLP, Staten Island, NY Office Manager (Part-time, Seasonal) March 2011 to November 2011 Responsible for providing financial and administrative support to internal clients. Reviewed procedures, manuals, and system enhancements making revisions to improve operating efficiency. Researched and collected on accounts as many as 3 years in arrears, collecting $75,000 in funds deemed uncollectible. Verify bank deposits and bank payments and reconcile with bank records and statements. Coding, preparing, and entering corporate, and individual tax returns for firms strategic clients. Global Coffee, New York, NY Office Manager June 2004 to December 2010 Assign and monitor clerical, administrative and secretarial responsibilities and tasks among office staff. Developed procedural and policy changes to improve operational efficiency. Maintain and process weekly payroll, documented new hires, and resignations; tracked attendance. Wachovia Bank, (Metropolitan West Securities), Short Hills, NJ Vice President - Securities Lending December 2001 to June 2004 Directed and supervised the integration, and system conversion of the Cantor relationships over to Metropolitan West Securities/Wachovia Bank. Responsible for three high profile clients that totaled $3.5 billion on loan. Responsible for day-to-day operations of client activity. Interacted with custodians on behalf of clients to resolve trade issues. Developed, managed and retained relationships with borrowers. Executed contractual agreements with borrowers, clients, and brokers. Established and maintained compliance guidelines utilizing Sungard/DML and Cash Management Systems. Identify, evaluate, negotiate, and execute trade opportunities of client-owned securities in a timely, complete, and, optimal manner.
  • 2. KAREN COSTAGLIOLA Cantor Fitzgerald, New York, NY Vice President - Securities Lending September 1993 to December 2001 Assisted in the startup of a third party Agent Lending Program. Responsible for three high profile clients that totaled $3.5 billion on loan. Implemented the Sungard/DML Securities Lending and Cash Management System. Responsible for day-to-day operations of client activity. Assisted clients with managing their cash collateral investments with either a separately managed account or a commingled pool. Interacted with custodians on behalf of clients to resolve trade issues. Developed, managed and retained relationships with borrowers. Executed contractual agreements with borrowers, clients, and brokers. Established and maintained compliance guidelines utilizing Sungard/DML and Cash Management Systems. Took a leadership role after tragedy struck the firm by working with clients that business will continue as usual while rebuilding the business due to the events of 9/11. The Bank of New York, New York, NY Assistant Vice President - Securities Lending July 1983 to September 1993 Traded client-owned securities, lending (US & Intl equities, corporate bonds, & sovereign debt) to the broker dealer community, meeting daily cash collateral business needs. Earned a reputation as being the first in and last to leave, especially when facing critical deadlines. Managed securities lending operations. Led project that increased the return of loaned securities in order to meet obligations of a sale significantly reducing the number of trade fails. Processed mark to markets of equities and corporate bonds, US treasuries, and agencies. Facilitated the buy-In process, collection of dividends, and corporate actions. Settlement of Securities Lending transactions and investments via Federal Reserve Wire (FED), and Depository Trust Clearing, (DTC). LICENSES FINRA Series 7 FINRA Series 63 SKILLS MICROSOFT WORD MICROSOFT EXCEL MICROSOFT POWERPOINT LOTUS NOTES/OUTLOOK BLOOMBERG SUNGARD/DML CASH MANAGEMENT