Project Manager Management

seoul Seo cho-ku bangbae-dong hyundai hometown Apt #105-503

CELL PHONE 82-11-911*-****

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SANGHA CHUNG

PROFESSIONAL EXPERIENCE

WOORI BANK SEOUL, KOREA (MARCH 2005 ~ Current)

Credit Review Dept/Risk Validation Team

Deputy General Manager/Head of the team

. Created a risk model validation team and currently leading the team

to validate all risk models of the bank; Market, Credit, Operational risk

models, ICAAP and Basel II BIS ratio. Validation subjects not only

include the soundness of the model, but also include data, process, model

development evidence, credit policy, risk management policy, controls,

and use-test

- Validation results are reported to the CEO and board level risk

management committee.

- Some examples of validation subjects on the credit side: Corporate

Models (Large, Audited, non-Audited, Medium, SOHO-Corporate), Retail

Models (ASS/BSS, SOHO-Retail), and Credit Card Models( ASS/BSS)

exposures.

- Market and Operational risk validation is performed annually

- Validation of ICAAP (Internal Capital Adequacy Approval Process) is

added in 2010

. Reviewed the bank's credit derivatives practice and improved

investment and control processes

. Reviewed CDO (Cash, Synthetic)/CDS valuations and their adequacy of

investment processes/policies and recommended to enhance investment

decision process and to develop exit strategy

. Created a relative business risk concept that would measure the

impact of risk transfer from competing bank to Woori bank as borrower's

loan position change. The result was reported to the chair and the vice

chair of the bank. The idea became a regular part of the annual credit

review work in 2007.

. Created a risk composite score scheme that would assign risk scores

to individual branches and select review samples to be reviewed by credit

review team's credit analysts. The work has become a regular part of the

annual credit review in 2006.

SAMSUNG SDS, INC SEOUL, KOREA (MAY 2003 ~ MARCH 2005)

Financial Consulting Department

Manager/Knowledge Master

. Led a consulting team to do As-Is analysis, Gap analysis, and to

create To-Be model for a leading investment trust company in Korea.

Also, led a system development team to create system specifications, to

layout screen, and to validate and create business logics for Risk

Management, Equity desk, and Index desk business unit.

. Led a Basel II Task Force team that consists of 14 members. The

work included developing and enhancing operational risk management and

credit risk management methodologies and working with potential clients

to create a leading operational risk market practice.

FUTURE & OPENNESS, INC. SEOUL, KOREA (FEBRUARY 2002 ~ MARCH 2003)

Executive Vice President

. Established a close business relationship with a premium U.S.

Confectionery and obtained a sole distributorship of their products in

Korea.

KPMG CONSULTING/KPMG LLP NEW YORK, NY (JANUARY 1997 ~ OCTOBER 2001)

Manager/Sr. Consultant/Consultant

. Reviewed and re-evaluated USD GAAP book value for complex structured

notes for an European investment bank. The structured notes with

difference over a million USD between the market value and the book value

were selected for the restatement. This exercise included calculating

contingent payment and amortized cost of the structured notes.

. Led a market risk team as a part of developing Enterprise-wide Risk

Management System (ERMS) for one of the leading banks in Korea. The ERMS

project encompasses the comprehensive development of risk analytics,

systems, organization and processes. Also, gave seminars on limit

allocation process and methodology to the bank's management.

. Led an Operations team as a part of establishing Business

Contingency Planning for a major US investment bank. The role included

leading interviews to gather process information, identifying/assessing

risks, planning mitigations, and validating plans. Also, designed and

built a database to store and analyze collected data and to create multi-

dimensional reports.

. Valuated MTM of a leading Korean bank's entire banking and trust

portfolio worth about 16 billion USD. This was done as a part of due

diligence process for a major US investment bank's investment.

. Improved and developed a risk reporting system for an European

investment bank's North American branch. Some significant results were

implementing efficient equity/equity derivatives position collection and

rigorous error capturing process. The daily VaR was reviewed and

abnormal VaR numbers were investigated for modeling errors.

. Managed automation of a reconciliation process between the front

office system (Imagine) and the back office system (ADP) for major

European investment Bank's North American branch.

. Developed a risk assessment tool (RAT) and implemented it at major

Spanish bank's New York branch, Miami agency, and Securities.

. Evaluated various financial pricing models and VaR models for DKB.

Instruments included various exotic options, bonds, convertible bonds,

structured notes, swaps, swaptions, and other derivatives.

. Assisted in the pilot implementation of a highly sophisticated risk

management system for major insurance company based in St. Paul. The

role included implementing 'hot spots', testing the system's portfolio

optimizer with given risk and investment capital as constraints.

FRANKEL TECHNOLOGIES, INC. NEW YORK, NY (OCTOBER 1994 ~ JANUARY 1997)

Programmer/Project Manager

. Developed and implemented a multi-user database that substantially

improved the productivity and performance of an import/export company.

The work includes: inventory, specification and cost development, order

contracts, managerial analysis and projections.

. Developed an analytical tool for insurance brokers to evaluate and

illustrate the benefits of various estate options.

. Researched, wrote and implemented a bond pricing model.

EDUCATION

Yonsei Graduate school of Business Administration

Date of graduation: May 2005

Major: Financial engineering, Marketing

?

Columbia University in The City of New York

Date of graduation: October 1994

Major: Economics, Operations Research

The Cooper Union (Albert Nerkin School of Engineering)

Attended: September 1988 - May 1990

Major: Chemical Engineering

AWARDS RECEIVED

. Full tuition scholarship to The Cooper Union

. Westinghouse Science Talent Search Semi-finalist

. American Physical Society Award

. Samsung SDS New Knowledge People Award '05

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