Profile: Michelle McLean
Michelle McLean has over 17 years of experience in mutual funds operations. Since joining DTCC in September 2009 as a Wealth Management Services product manager, she has worked on a variety of projects for the business.
Her current focus is to build the Alternative Investment Products (AIP), a suite of services that links global market participants and provides end-to-end processing of alternative investments such as real estate investment trusts, hedge funds, funds of hedge funds, managed futures and commodity pools. Michelle’s secondary responsibility is to implement enhancements and modify existing functionalities for NSCC’s Mutual Fund Services.
– Michelle McLean
“Every day is an evolving learning experience,” she explained. “I’m enjoying the challenge of learning the new AIP product line, which uses some of the same terminology as mutual funds but has different meanings. Simple terms like settlement date are defined differently from business to business. For mutual funds it means the actual date the trade settles. But for AIP, it indicates the time when the fund/firm sends the contract note to DTCC in order for settlement to occur,” she said.
Adjusting to the DTCC work environment was a natural transition for Michelle. “I spent a healthy portion of my career at Seligman Data Corporation as an NSCC business analyst working on a daily basis with raw data and record layouts, so I have a good understanding of how the DTCC process of clearing and settlement works. I’m also excited to be part of the team that is helping to get the AIP platform off the ground and developing solutions similar to what DTCC has done for the mutual funds industry.”
So what’s a typical day for this multi-tasker? “There isn’t one,” she said. “But currently, it’s likely to include conducting a GAP analysis for 529 Plans to implement Phase II enhancements for improvements to Fund/SERV® and Networking, so that customers can systematically process these transactions with greater ease and efficiency.” She’s also analyzing Networking and Fund/SERV record layouts for future enhancements, writing business requirements and creating an AIP user guide.
Prior to joining DTCC, Michelle spent over nine years at Seligman supporting the Trading Business Area, resolving trade rejects and testing DTCC’s Fund/SERV and Networking system enhancements prior to implementation. She was also responsible for balancing the bi-monthly and quarterly 12b1 commission payments transmitted through Commission Settlement.
Michelle holds an associate’s degree in Banking & Financing from the Borough of Manhattan Community College and studied finance and business management at Baruch College in New York City.