Matthew Baglio

Matthew Baglio

Looking for New Opportunity

Trumbull, CT
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Summary

Experience

2012 Feb - 2020 Mar
Vice President - Head of Vendor Management
AQR Capital Management / Greenwich, CT
  • Managed a 4-person team responsible for the design, execution, and ongoing evaluation of the firms vendor management program with a key focus on AQR high touch vendors.
    • Due diligence and vendor risk reviews
    • Relationship management and client service oversight
    • Fee negotiation and cost management resulting in +$15 mil amount of savings over lifetime of the program
    • Created a centralized program to assign risk profiles and tiers to AQR service providers (+3000 vendors)
    • Developed customized questionnaires and due diligence requirements to manage vendors throughout the lifecycle of the relationship (onboarding, continuous monitoring, termination and offboarding)
    • Implemented KPIs and counterparty scorecards for various department heads to ensure a continuous high level of service and control for critical vendors
  • Implemented Fusion, Process Unity Vendor Cloud, and Markit KY3P vendor management systems
Lead the transition and onboarding for several large scale service providers including Custodian banks, Administrators, Agency lenders, Pricing Agents, Cash Management providers, Execution brokers, Transfer Agents and Trustee Services
  • Partnered with various business owners to ensure the successful implementation of new vendor technologies to replace legacy processes and functions.
  • Facilitated onsite due diligence reviews with a focus on physical security, operational excellence, business resiliency, and SOC2 verification

Vice President – Project Management 2014- 2015

  • Spearheaded a 5-person team responsible for large-scale project management of firmwide initiatives with a core focus on the implementation and streamlining of operations, trading, and business development departments’ technology processes. Responsibilities included project planning, design, sprint tracking, and execution. Partnered with business leads, IT, key stakeholders and third parties for strategic solutions of complex problems.
    • Transitioned from BBH Infomediary SWIFT technology to ECS financial with the establishment of an AQR BIC code for street wide trade communication and reconciliation. Realized annual cost savings of 15%
    • Created and implemented a client fee and performance tool to comply with complex AQR’s vehicles, fee schedules and GIPS standards. Reduced performance fee calculation timing from 7 business days to 2 business days
    • Designed and created a firmwide pricing reconciliation tool that navigates AQR’s unique pricing policies, security types and vendors while meeting regulatory standards
    • Implemented Seismic Technologies for the automation of pitch books, fact sheets, quarterly review books, and customized presentation materials tailored to specific audiences
    • Project lead the firmwide initiative to roll out an SSAE 16 SOC 2 regulatory policy to show best controls and practices within AQRs operating models across the organization
    • Implemented Traiana for FX and equity swap allocations and settlements
    Vice President – Head of Portfolio Operations 2012-2014
  • Managed a team of 14 operations professionals’ responsible for the reconciliation and performance calculations of over 300 portfolios including hedge funds, mutual funds, UCITs, CITs and separately managed accounts.
    • Daily Cash and Position Reconciliation, NAV and PnL Calculation for daily managed funds, Monthly NAV and PnL Calculations for monthly valued funds. Reduced daily open breaks from 15% to 2%
    • Internal system reconciliations including Charles River OMS, Advent Geneva and proprietary PnL systems · Street reconciliation to Prime Brokers, Administrators, Custodian Banks and FCMs.
    • Championed the automation and implementation of technology to scale for future growth of firm (AUM growth from $38Bil to $120Bil during time period)
    • Oversaw the reduction of multiple excel based reconciliations with proprietary built technology and third party offerings to meet investor demand
    • Lead the merger of 2 departments, Fund Treasury and Portfolio Operations · Ensured composite creation and calculations were inline with business development and accounting specifications
    • Automated reports to feed eVestment and consultant databases with performance and NAV calculations · Lead the Annual GIPS audit utilizing ACA Beacon compliance
2011 May - 2012 Feb
Vice President - Settlements and Funding
RBS Capital Markets / Stamford, CT
  • Ensured that all broker dealer banking activity was funded and settled on a daily basis. ~$40 billion in daily settlements
  • Monitored all trade flow between RBS, affiliates, counterparties, and clearing banks for all fixed income securities, including corporate, government, mortgage backed securities and commercial paper
2008 Mar - 2011 Apr
Associate - Trading Operations
Bridgewater Associates / Westport, CT
  • Confirmed and settled all fixed income trading activity across Bridgewater portfolios
  • Spearheaded multiple projects to improve various processes within Bridgewater’s operations department.
  • Process principal and interest payments, repo coupons, and mandatory / voluntary corporate actions.
  • Responsible for the onboarding of new clients, and external counterparties into Bridgewater’s business model.
  • Track trading errors caused by the Trading desk and / or Operations personnel. Troubleshoot and help establish new procedures for eliminating errors on a going forward basis.

Education

2000 - 2004
Fairfield University
Bachelor of Science / Finance, Accounting

Skills