Experience

China Construction Bank (London) Limited

• United Kingdom
• Banking
• 1 - 100 Employee

• • Sep 2018 - Present

  Main responsibilities:(1) Support Treasurer & Trading in ALM, liquidity/risk management, RMB market-making & client trading; (2) Lead bank-wide projects: IBOR Transition, MiFID II, EMIR & FX Global Code. Managed 30+ people in major projects; (3) Derivatives R&D and product launch; (4) Dept. management: built a 3-people Mid Desk from scratch; led business plan/budget, refined trading policies & procedures, and tracked KPI/KRI/RCSA.Main achievements• Liquidity & ALM: Refined the liquidity & stress models and built scenario analysis capabilities to enable forward-looking management. Developed sensitivity measurements to gauge A/L mismatches. Assisted Treasurer to formulate & implement funding strategy, diversify funding channels, develop high-viscosity funding sources, and deploy mismatch techniques & derivatives. Advised CCB HO on SIMM and the management of IM and VM as per EMIR.• Derivatives: Customised IRS, DCD & NDO. Authored new product and system enhancement requests. Determined pricing/hedging strategies, established risk procedures and IPV. • IBOR Transition: Managing this project under the direct authorisation of MANCo since 2019. Formulated the implementation plan in line with regulatory guidance & roadmap. Created an 8-people Steering Comm. and a project team of 20+. R&D RFR products to replace their Libor equivalent. Evaluated the impact on pricing, valuation, hedging, risks and FTP post transition. Authored system enhancement requirements (300+ pages) for RFR products & designed solutions to overcome system inabilities, which set standards for the Group. Finalised methodologies in yield curve construction based on RFR OIS and enhanced valuation models to meet the post-Libor market standards for FX/IR derivatives. Presented progress to regulators, MANCo and HO regularly. Strengthened the Bank’s flagship role in this Group-wide project by advising 6 key HO depts. plus 4 development centres, and providing training to 10+ major CCB overseas institutions. Show less

• • Oct 2015 - Sep 2018

  Main responsibilities: (1) Built a 3-people Market Risk Management team from scratch to centrally manage risks arising from the Bank’s 4 core businesses, i.e. Corporate Banking, Financial Institutions, Treasury, and RMB Clearing, with products covering corporate loans, trade finance, money market, bonds, commodities & FX/IR derivatives; (2) Bank-wide projects: ICAAP, ILAAP & Recovery and Resolution Plan. Managed on average 5+ people in projects; (3) Designed & launched new derivative products with Treasury, determined pricing & hedging strategy and established risk management procedure; (4) Policy formulation & implementation. Show less



Merrill Lynch

• United States
• Financial Services
• 700 & Above Employee

• Market Risk Manager - VP

  • Nov 2010 - Oct 2015

  12/2013-10/2015, G10 FX Options, Short-Term IR Trading & Commodities (Energy, Metals & Indices); 11/2010-12/2013, Complex IR Options, Structured Notes, Exotic Indices, and Inflation. Main responsibilities: (1) Tracked & analysed monetary policy, market dynamics, supply/demand, trading rationale, risk/return, liquidity/inventory, trading/hedging strategy, concentration/tail risk and model risk; (2) Identified & analysed key positions, risk stability and dynamics; ensured that trading activities were carried out within risk appetite by measuring metrics such as VaR and Stress vs limits; (3) Approved new products/models; (4) Led a team of 2 analysts to work with trading desks daily and presented weekly MI to the Global Head of Trading and Market Risk Executives in London, NY, and Houston; (5) Directed IT in London, NY, and India to enhance the Bank’s risk infrastructure. Show less



Commerzbank AG

• Germany
• Banking
• 700 & Above Employee

• Market Risk Manager in Rates and Currencies

  • Oct 2007 - Nov 2010

  Main responsibilities: (1) Managed risks for the Rates and Hybrid & Derivatives business, covering vanilla/exotic options, inflation & structured products; assisted the Head of Market Risk in approving new exotic trades and setting risk limits; redesigned stress testing through identifying and quantifying key risk exposures; (2) Collaborated with Trading and Product Development to launch new products, develop pricing methods and trading/hedging strategies; (3) Worked closely with front office quants, Model Validation and Product Control to tackle model and valuation problems, set model reserves and perform price verification; (4) Managed a risk analyst, presented daily/weekly MI to senior management in both London and Frankfurt; (5) Directed IT to enhance the Bank’s risk systems Show less