Kevin Corcoran

  • Operations Manager
  • Westwood, NJ, United States
  • Feb 06, 2017
Full time Financial Services Management

Personal Summary

Growth-focused, results-driven, and seasoned executive with expertise in all facets of hedge fund and trading investment operations. Highly skilled in training, compliance, audit and process improvement. Equipped with proven track record of providing strategic, financial, operations, and administrative leadership; complemented with the ability to establish and maintain productive and collaborative relationships with partners, clients, vendors, and key stakeholders. Possess dual citizenship, US and Republic of Ireland.

Work Experience

Vice President, Head of Credit Fund Operations
Sep 2007 - Dec 2012 Fortress Investment Group
  • Supervised 20 staff and 4 direct reports in charge of 70 private equity funds, hedge funds, and accounts with 20bn Assets under Management
  • Attended to all facets of trade capture and settlement, corporate actions, prime brokerage and derivative margin calculations, incoming and outgoing cash process, and foreign currency hedging.
  • Facilitated daily cash and position reconciliation.
  • Cooperated with Accounting Group in managing daily profit and loss (P&L) calculation and month-end closings.
  • Ensured compliance of Residential Mortgage-backed Securities (RMBS), Commercial Mortgage-backed Securities (CMBS), and Tax Lien Securitizations.
  • Worked closely with Loan Operations in maintaining compliance of Collateralized Loan Obligations (CLO)/ Collateralized Debt Obligations (CDO).

Key Highlights:

  • Successfully accomplished an Operations Quality Rating of OQ1 (Excellent) from Moody’s in 2011.
  • Played a pivotal role in on-boarding the first managed accounts for credit funds business
  • Implemented proprietary wire processing and legal entity database.
  • Efficiently coordinated the execution of automated reconciliation system for cash and positions along with FX confirmation and settlement platform. Spearheaded the progress of Society for Worldwide Interbank Financial Telecommunication (SWIFT), for settlements, reconciliations, and reporting.
  • Fostered closer bank relations from one bank to six banks for modification and geographic efficiency.
  • Managed counterparty and service provider risk with no losses due to bank or prime brokerage bankruptcies.
Vice President, Head European Hedge Fund Operations
Oct 2004 - Aug 2007 DPM Mellon
  • Enabled hedge fund administration capabilities in Dublin, Ireland for business development and company’s introduction to European marketplace.
  • Rendered assistance in processing request for proposal (RFP), prospect evaluation, and sales meetings.
  • Served as the company representative in Irish Fund Industry Association.
  • Functioned as relationship manager in Europe connecting firm initiatives and projects, serving as escalation point for service delivery issues, handling relationship review, boosting profitability, and introducing additional services.

Key Highlight:

  • Introduced hedge fund administration capabilities for Mellon in Dublin, Ireland covering testing and execution of M Share transfer agency platform.

 

Vice President | Head, Securities Operations                                                                                                                        2004–2005            

  • Acted as Operations Department’s representative in due diligence and sales meetings with prospects and clients.
  • Applied management expertise toward the attainment of 150% increase in staff in over a year.

Education

Bachelor or Arts, English
Jan 1989 - Jun 1991 Seton Hall University