Management Manager

MARK NG

*** **** ** ** *** *C New York, NY ***** Home 212-***-**** Cell 917-***-****

SUMMARY

Seasoned financial services professional with extensive experience in operations, client reporting, and controllers

businesses. Expertise in managing operational and financial processes for derivatives, fixed income, and money

market products. Supported the front office to ensure trading and investment strategies were realized.

PROFESSIONAL EXPERIENCE

ISRAEL DISCOUNT BANK OF NEW YORK - New York 2005- 2013

Treasury Operations

Vice President

Managed operations for the Bank’s proprietary business in fixed income, derivatives, Repo, and money markets.

• Responsible for trade clearing and settlement, deal capture verification, pricing / valuation, collateral

management, limit monitoring, MIS reporting, interest payments / calculations, and Bank cash management.

• Facilitated the cross training, development, and recruitment of staff.

• Partnered with IT on all related system upgrades, STP, and automation solutions.

• Point person for all regulatory examinations, SOX, and audits.

• Investigation and resolution of all reconciliation items.

• Developed departmental testing scenarios for Business Continuity Planning

2004 - 2005

Assistant Vice President

Member of the management solutions team hired to enhance existing processes and eliminate deficiencies.

• Introduced margin call process on derivative counterparties that immediately reduced exposure by

$20mm

• Implemented best practices and industry standards to mitigate audit findings and remediated

operational shortcomings.

• Outsourced derivatives valuation and pricing of thinly traded securities to establish independency.

This solution achieved efficiencies in pricing process timeliness and more frequent portfolio revaluations.

• Partnered with a consultant team to develop a modern departmental procedure manual.

• Repaired and correctly modeled the plain vanilla asset swap portfolio in FinCad valuation tool.

MORGAN STANLEY - New York (1993-2004)

Investment Management 1999 - 2004

Senior Associate, Institutional Client Services

Furnished reporting and informational needs to large institutional clients invested in top down international

equity strategy. Supplied data for client presentations and consultant reporting / questionnaires. Coordinated new

account funding / closing process and the review of contractual deliverables.

1 Account dimensions are large pension funds and corporations ranging from $10 million to over $1

billion invested in global markets through pooled trusts, mutual funds, 3rd party funds, and separately

managed vehicles.

• Facilitated the interface between executives inclusive of their administrative areas, consultants,

custodians to our investment teams, controllers, legal / compliance, marketers, and global operations

like IT, risk management, and performance.

1

2 Tested system upgrades and automation of client reporting. Performed compliance monitoring /

reporting.

3 Participated in summer intern mentoring programs and risk management committee.

1997 - 1999

Senior Associate, Derivative Support Services

Provided operations support for hedge and index funds. Duties included valuation of positions, daily P/L, performance

tracking, and reconciliation.

1 Increased the Futures product support efficiencies via automation efforts and creation of new

reporting tools, trade activity notification to custodians / fund accountants, and online access to execution /

clearing brokers. Provided backup support.

1 Primary resource in the support of Swap products documenting guidelines and procedures for best

practices.

Controllers 1995 - 1997

Senior Manager, Derivative Products Group

Provided daily P/L for USD swap desk inclusive of mark to market, transactions review and reconciliation.

Interacted daily with trading, controllers, operations, and IT. Good knowledge of trader valuation model.

1 Managed the collateral process, rate resets, and trade input for Swaps.

1 Conducted operations training in the Hong Kong office for decentralization efforts in Asia.

1 Evaluated new functionality of various systems to decentralize the rate reset process and enable daily

collateral calls.

1993- 1995

Manager, Derivative Products Group

Worked independently and managed / developed staff. Solid knowledge of derivative support systems

• Supervised collateral management, global rate resets process, and deal capture. Heavy client

interaction. Thorough knowledge of ISDA documentation.

• Provided full operational support for the AAA rated subsidiary. Involved in establishing bank and

custodian relationships. High exposure to front office, auditors, and IT support.

WESTPAC BANKING CORPORATION - New York 1990 - 1993

Interest Rate Analyst, Risk Management

PRUDENTIAL BACHE SECURITIES - New York 1988 - 1990

Swap Specialist, Prudential Global Funding

CHEMICAL BANK - New York 1987 - 1988

Management Trainee - Swap Operations, Global Securities and Foreign Exchange

EDUCATION

NEW YORK UNIVERSITY - Bachelor of Science in Finance and Economics, June 1987

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