DAVID GROSSMAN

T: 516.314.4691 | dgnyc77@gmail.com


FIXED INCOME EVALUATOR / RISK MANAGEMENT SPECIALIST

Complex Securitization | Structured Analytics | Portfolio & Risk Management

Highly motivated and experienced credit markets professional with expert proficiency in pricing hard-
to-value fixed income securities (corporate debt (HG, HY & Distressed), collateralized mortgage
obligations (CMO), CMO/MBS derivatives, exotic fixed income products & SPX and VIX index options).
Analytical talent and quantitative mindset immediately transferable to a trading or portfolio
management position with a leading asset management firm, investment bank, family office or hedge
fund. Synthesize, review, and analyze sophisticated data, contributing valuable input to the decision-
making process. Outstanding interpersonal communication and leadership skills.

Additional strengths include:

Credit Portfolio & Risk Management Quantitative Research & Problem Solving
Security Pricing, Analysis & Trends Client Collaboration & Leadership Skills
Long/Short Investing & Hedging High-Profile Management Presentations
Trading Operations & Execution Interpersonal Communication Abilities
Fixed Income Product Expertise Due Diligence & Profit & Loss Analysis

PROF ESSI ONAL EXPERI ENCE

STRYP Capital, LLC, New York, NY
Trader, CO-Head Sales & Marketing for Tail Risk Hedge Fund (January 2013- Present)
Successfully helped implement STRYPs strategy which provides investors with a combination of upside capture
and significant left-tail protection. This allows the portfolio to perform regardless of market direction and volatility
cycles. The portfolios objective: exceeds performance of fundamental long/short funds with the volatility,
exceeds performance of credit/fixed-income funds without credit (bankruptcy), duration and interest rate risk,
while providing optimal combination of upside capture and portfolio protection with a bump in alpha during a
crisis
Actively advised PM on current market for SPX & VIX options where they would create
proprietary blends to capitalize on relative value volatility arbitrage.
Managed the SPY position to achieve the ideal delta the portfolio required.
Created and implemented marketing and business plan to raise capital as well as developed
numerous strategies to enhance STRYPs reputation while keeping costs low.
BLOOMBERG, L.P., New York, NY
Mortgage Backed Securities (MBS) Valuation Group
Senior Evaluator (2011-2012)

Excelled in a highly quantitative role valuing complex collateralized mortgage obligations (CMOs),
residential mortgage-backed securities (RMBS), and Interest Only & Principal Only (IO/PO) products to
validate Bloombergs fixed income pricing models. Primarily focused on Agency CMOs, European
RMBS, and Trust IO/POs. Provided accurate, timely, transparent, and defensible asset valuations across
liquidity spectrum from highly liquid instruments to more illiquid and difficult-to-price securities.



Highlighted Responsibilities:

Approved quotes on thousands of CMO derivatives and input IO/PO data to drive daily
algorithm used by the company to calculate prices of over 50,000 securities in the market.
Leveraged Bloombergs option-adjusted spreads (OAS) model to provide valuable intelligence to
clients.
Meticulously identified pricing errors in multiple asset classes and ensured accuracy of published
rates. Pursued and applied systemic solutions to mispriced issues in cooperation with colleagues
from technology. Compared valuation results between derivative product classes to test for
appropriateness.

Key Contributions:

Established a robust process to review data feeds received from leading broker-dealers (J.P.
Morgan, Goldman Sachs, UBS) to confirm pricing of Trust IO/POs. Closely analyzed prices
assigned to coupon floaters, inverse IOs, and structured IOs before uploading information to
Bloombergs platform.
Created unique valuation detail screens that differentiated between Fannie Mae and Freddie Mac
securities for the first time. Integrated macroeconomic factors (unemployment rates, refinancing
trends, and housing turnover) to break even and OAS analyses to generate more accurate pricing
levels.
Successfully launched Bloomberg Credit Model to value European RMBS against U.S. non-
agency MBS. Included conditional default and voluntary pre-payment rates to increase models
overall reliability. Assured all data inputs correctly reflected a countrys economic environment
(interest rates, inflation, etc.) and international credit rating.

FINANCIAL CONSULTING ASSIGNMENTS, New York, NY
Independent Financial Consultant (2007-2010)

TRILAND METALS, LTD. (subsidiary of the Mitsubishi Corporation) - Commodities Markets
Consultant
o Offered expertise in asset valuation and securities trading to a leading broker and market
maker based in London, Tokyo, and New York that specializes in the futures trading of
precious metals.
o Applied the best practices in real-time trade monitoring, mark-to-market calculation,
settlements, and trading operations acquired from over 10 years on Wall Street to benefit
Mitsubishis global growth plans and expansionary ambitions in the financial services
sector.

MORGAN STANLEY - Global Wealth Management Division Fixed Income Sales Consultant
o Served as a special adviser to Morgan Stanley private bankers on selecting fixed income
securities expected to generate highest returns for clients.
o Performed extensive due diligence on mutual funds, hedge funds, private asset managers,
exchange-traded funds, and commodities traders, recommending portfolio managers
with specific expertise, investment record, and reputation sought by firm customers.




HIGHLAND FINANCE - Junior Portfolio Manager
o Recruited by a former client to join an emerging hedge fund to formulate and implement
CMO-related trading strategies. Researched, analyzed, and recommended CMO
derivatives and provided guidance to senior principals on long/short investment &
hedging tactics.
o Transformed Highlands primary fixed income fund into a hedge fund through
diversification.

BEAR, STEARNS & CO., INC., New York, NY (1999-2007)
Investment Banking Division
Mortgage Collateral Analyst (2007)

Specialized in valuing adjustable and fixed rate mortgage products for Bear Stearns fixed income desk,
providing guidance to firm traders on bid/offer prices on securitized loans. Diligently researched and
analyzed credit & collateral quality tied to pools of mortgages across the rate spectrum, ensuring that
each set collectively met loan-to-value and FICO standards set by management. Proactively identified
possible arbitrage opportunities and raised recommendations to traders.

Institutional Sales Trader, Fixed Income (1999-2006)

Executed trades for clients in all taxable fixed income products with an emphasis on mortgages,
corporate bonds (high grade, high yield, distressed), CMOs, Agency CMOs, and CMO derivatives.
Actively managed fixed income portfolios for hedge funds, broker dealers, and pension funds,
purchasing securities and recommending short sale strategies expected to generate the highest return.
Managed a team of 4 trading professionals and consistently generated revenue for the desk over
tenure.
Developed expertise in product innovations that included equity-linked notes, commodity-linked
notes and commodity portfolios.










EDUCATI ON & CERTI FI CATI ON

ARIZONA STATE UNIVERSITY, Bachelor of Science, Finance, Tempe, AZ
Professional Licenses: FINRA Series 3, 7 & 63.

SKI LLS & ADDI TI ONAL I NFORMATI ON

Computer Skills: Proficient in Microsoft Office (Excel, Word & PowerPoint).
Advanced user of Bloomberg, Bond Studio & Reuters market data platforms.