Derek R. Busico
VP - Application Developer Technical Specialist
"The three great essentials to achieve anything worth while are: Hard work, stick-to-itiveness, and common sense." - Thomas A. Edison
 
Vice President - Application Developer Technical Specialist Jan 2015 - Present
  • Assisting in the management of the Citispan security transaction settlement application
  • Ensuring production support occurs in a timely manner
  • Managing projects for the enhancement and addition of features for the Citispan application
  • EUAC (End User Authorization Contact) with the Federal Reserve Bank (FRB) for Fedwire Securities
  • Technical Design and Analysis for continued footprint reduction initiatives related to NAM Custody & Clearing applications
  • Working on the design and work flow process for the future web enablement of the Citispan mainframe application
Assistant Vice President (AVP) - Sr. Programmer Analyst Jan 2012 - Dec 2014
  • Performed technical design and analysis to update Citispan settlement application for DTCC (Depository Trust Company) regulatory requirement of Receiver Authorized Delivery (RAD).
  • Updated the Citispan application for RAD systemic messages for Deliver Orders (DOs)
  • Managed projects with with successful implementation for the processing of RAD functionality for Night Delivery Orders (NDOs) and Omgeio ID Deliveries.
  • Updated Citispan for operational proofing of newly automated Payment Orders (POs) processing
  • Worked with the NSCC (National Securities Clearing Corporation) in the receipt of data feeds via NDM (Network Data Mover) associated with automated ETF (Exchange-Traded Fund) processing.
  • Enhanced Citispan to efficiently handle partial call processing
  • Updated Citispan to provide statistical security transaction information for display on internal web based application
  • Fulfilled duties of EUAC including SSL certificate renewals, review and authorization of communication with the federal reserve, and organization of business resumption testing as it related to Fedwire Securites
  • Assisted in gap analysis of core NAM Custody & Clearing applications for possible replacement and footprint reduction initiatives.
Programmer Analyst Jul 2009 - Dec 2011
  • Project lead for the replacement of the SPEED federal reserve transaction settlement application.
  • Successfully replaced the SPEED application without business disruption resulting in an annual $1MM cost savings.
  • Performed technical design for the replacement of the SPEED application
  • Provided training and coordinated migration for the retirement of the SPEED application with 3 operational teams.
  • Enhanced Citispan to allow for systemic processing of Rehypothecation transactions and FRB pledge transactions.
  • Provided Production support for the new SPEED replacement system and Citispan application requiring immediate resolution due to the time sensitive nature of the application
  • Wrote test cases for unit testing and regression testing for the Citispan application.
  • Assisted the SIT and UAT test teams in the execution of test cases.
  • Created and maintained SharePoint site for the NAM Custody & Clearing application teams.
  • Administrator for NAM Custody & Clearing Mercury Quality Center project.
IT Analyst Jul 2007 - Jun 2009
  • Developed online COBOL\CICS programs that interact with MAPS, TDQ, MQ Series Queues, VSAM, and DB2 data for the Citispan transaction settlement system.
  • Developed batch COBOL\JCL\EZTRIEVE programs to interact with data for the Citispan application.
  • Enhanced Citispan to allow for systemic processing of all Repurchase Agreement (REPO) transaction types, adjustment transactions, and automated cancellation of trades.
  • Provided Production support for the Citispan application requiring immediate resolution due to the time sensitive nature of the application
  • Wrote test cases for unit testing and regression testing for the Citispan application.
  • Assisted the SIT and UAT test teams in the execution of test cases.
  • Created and maintained SharePoint site for the NAM Custody & Clearing application teams.
  • Administrator for NAM Custody & Clearing Mercury Quality Center project.
 
Summer Intern - Network Management May 2006 - Aug 2006
  • Oversaw generation of XML manifests for Envision Lite user interface.
  • Created C# user interface for modification of XML catalog of alarms to be used in North Bound Interface.
  • Developed C# user interface to modify contents of SQL database
  • Validated information before writing to SQL database using XML Schema.
  • Wrote test cases for Envision Lite user interface.
  • Tracked bug fixes for Envision Lite application using Modification Request system.
Summer Intern - Software & Product Development May 2005 - Aug 2005
  • Provided product testing of protection switching on DNX card line.
  • Constructed internal website for Software department for file tracking of directories.
  • Automated generation of TL1 Command Documentation in .doc, .html, and .mif formats.
  • Wrote VBA scripts to pull important TL1 Command information from CASE tool to be displayed on internal website for quick reference.
Summer Intern - Software Development May 2004 - Aug 2004
  • Built custom user interfaces in Visual Basic for Rhapsody Computer-Aided Software Engineering (CASE) Tool being employed in the OX8000 Optical Exchange project.
  • Wrote code in Visual Basic 6.0 and Visual Basic for Applications to interface with the Rhapsody API and database.
  • Built numerous user interfaces, incorporated them into Rhapsody user library, and documented in user guide.
  • Presented software design review to OX8000 project software team.