Wilmington Trust subsidiary of M&T Bank

February 2019 – January 2020

Job Description

Having worked previously as a contractor for three years and leaving for one year I was hired back on as a full-time employee to work on a new collateralized loan system. This was a new system being developed for Wilmington Trust to get into this business.

Technologies

Major Accomplishments

Collateralized Loan System

    Wilmington Trust is a trustee bank. I worked on developing a new collateralized loan system so that Wilmington Trust can bring on clients that needed to manage collateralized loans. This system has many modules from different vendors and other interfaces to other internal systems.

    There is one module that I had developed that no other financial services have provided yet. This module was the key to our product which would manage payments to and from investors and borrowers.

    The purpose of the core part of the system was to interface between the Solvas system and the bank wires system to reconcile the expected cash flows (Solvas system) with the actual cash flows (wires system).

    I worked with collateralized loan experts and the financial team from Wall Street, New York Financial District and business analysts at Wilmington Trust who gave me business requirements. The front end of the system was mostly developed by another collateralized loan expert software developer using .Net and AngularJS. My task was to design and develop the entire reconciliation part of the system.  I did many REST services, entities and data service tiers.

    I designed and managed the system architecture. The other parts that I integrated were Deloitte Solvas system which is a large collateralized loan system in itself, many different databases and interfaces to wires services for ingoing and outgoing flows of money. I played the key role of managing the development of the system. I worked regularly with vendors from Deloitte and S&P and with internal systems engineers.

    This system was designed, developed and starting to generate income. The management wanted me to become a collateralized loan expert but that was not what I wanted. I focus my learning and time on technologies in my field. I thought it would be better suited for a new college graduate who was very eager to learn the business and made that recommendation.

    Reason for leaving…

    The system was completed and put into production. At that point my career was turning into a collateralized loan expert. I recommended a younger college graduate who was eager to learn. I wanted to spend my time with my field.

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