Risk Management New York | Fixed Income Products

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Michael P. Mulhall

Managing Partner

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Michael P. Mulhall is the founder of Patriot Solutions LLC and an expert in finance, trading, and risk management with over 30 years of experience financing, valuing, trading, and managing risk for complex fixed income products, including derivatives and mortgage-backed securities.

Michael is recognized as a leading subject matter expert for capital markets/fixed income having led several vendor selection engagements for transaction/risk management software vendor applications for several prominent financial services firms and a GSE.

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Nomura Securities International

Summer 1996

Investment Banking 1986-1999

Financial Services Firm

In addition to his fourteen years of front office trading and risk management experience, Michael has extensive knowledge and expertise in operational risk regarding robust control to ensure accurate data and transparent processes necessary to support institutional trading and risk management for three global investment banks (DLJ, Shearson-Lehman Brothers Inc, and Nomura Securities International Inc.). Michael Mulhall has a BS in Business Administration, major in Finance from the Villanova School of Business (1986).

From 1992 through 1999, Michael was senior vice president and institutional mortgage-backed securities derivatives trader for Nomura Securities International Inc. financing, valuing, trading, complex model driven securities trading, and risk management including daily financing of $1.5 billion to $3 billion in Repurchase (REPO) and Reverse Repurchase Agreements. Responsible for independently assessing, verifying, and validating the risk model/“FATS” (Fixed Income Arbitrage Trading) polynomial tree; includes re-calibrating model assumptions responsible for calculation of portfolio VaR, risk capital, and other critical risk reporting information.

Consulting

Principal consultant (fixed income SME) for PriceWaterhouseCoopers (PWC) Financial Risk Management (FRM) Practice as a subject matter expert in capital markets - mortgage derivatives. Decomposed and synthesized investment bank documentation such as P&L reports, trade blotters, risk reports, balance sheet, and operational reporting for fixed-income hedge fund’s law firm litigation support in response to an investment bank that improperly liquidated portfolio in 1998. SME analysis supported appropriate industry requirements across finance, risk (market, credit, and interest rate risk) legal, trading process necessary to support accurate security pricing before the authorization and execution of margin calls against the client hedge fund.

Managing principal of capital markets for CAPCO, delivering several prominent risk management assessments for prominent global financial services clients across fixed income, equities, and commodities. Domain Partner/WIPRO Technologies’ Capital Markets Industry Advisory Services Group: Derivatives & Risk Management. Capital markets SME/professional leveraging deep industry experience to provide advisory services, strategy, and solutions to global financial services clients at COO level executives on complex issues in trading, risk management, compliance, and operations including the systems/applications that support them.