Albert Lam Email & Phone Number

New York, New York, United States

Customer Resiliency - Recoveries

Greater New York City Area

Invoicing and Incentives Team

Contract Desk

Greater New York City Area

New York, Ny

Fixed Income product control specialist with specific expertise in the credit markets, focusing on corporate bonds, preferred equities, and derivative credit products including credit default swaps and indices and interest rate swaps• Perform bimonthly CDS and CDS Index independent price verification (IPV) by sourcing spread/pricing levels from external dealers and vendors to ensure traders are marking their books to fair value: • Utilize a risk-based and revaluation approach to analyze trade population consisting of over 75,000 trades by ticker, maturity, restructuring clause, payment frequency, and market tenor • Streamline completeness process to verify trades sourced from the bank’s risk & pricing system reconcile with the ledger • Analyze multiple external pricing services to evaluate data quality and assign variance classification • Summarize and discuss results with senior management and the trading desk by highlighting conservative and/or aggressive behavior and accurately reporting P&L. Convene monthly with trading desk head to discuss global results. • Construct defined methodology and language modifications to be incorporated into existing desk level procedures• Substantiate trading P&L for a +$400MM annual business by investigating mark to market movements, new business trading activity, and debt underwriting deals. Monitor daily credit spread movements and amendments to Federal and Monetary policy• Supplement P&L commentary with market color for Investment Grade, High Yield, Financials, and Index Trading desks• Prepare global balance sheet and research movements in inventory, third party repo, and derivative asset and liability accounts, while monitoring funding implications and forecasts• Book and maintain monthly journal entries, prepare quarterly Fed disclosures, and respond to urgent Fed and Audit requests

Jersey City, Nj

Legal Entity Controller for Merrill Lynch Pierce Fenner & Smith, responsible for the preparation of financial statements and footnote disclosures and management reporting within a broker-dealer environment• Prepared and analyzed monthly and quarterly balance sheet and P&L schedules segmented by line of business, subsidiary, and allocation methodology by support costs for senior management and board of directors• Addressed financial result inquiries from the team’s managing director to ensure transparencyMaintained long term borrowing, subordinated debt, and goodwill footnote disclosures on a quarterly basis filed with the SEC and ensured language in the financial statements is consistent with ML&CO’s 10Q & 10K• Enhanced the internally developed cash control process to streamline audit testing deadlines• Produced daily P&L estimates and booked broker-dealer specific accruals for the Firm’s regulatory team and FINRA• Monitored intercompany relationships for out of balances and assembled Tier 1 subsidiary governance reports

New York, Ny

Focus on the trading and origination of securities in the Agency and Non-Agency CMBS and RMBS market and the securitization of other receivables • Prepare and own the daily/monthly balance sheet and P&L reports, provide commentary, implement process improvements to reduce inefficiencies and risk, and address all inquiries from the business • Exposure to mortgage concepts including Aging, collateral posting, fails to deliver securities, firm-wide netting, NFR/FTP, and stale accounts through the production of adhoc reports • Assist the Mortgages SOX Team Lead in directing meetings with internal and external auditors, prepare quarterly deliverables by highlighting critical accounts, oversee deadlines, and contact account owners• Handle hierarchy maintenance requests, coordinate with FP&A to ensure changes are reflected in the ledger and sub ledger, and create/rename/transfer cost centers between hierarchy points • Collaborate daily with the BFO and COO team, controllers, front and middle office, and finance associates to ensure deliverables and performance metrics are sent on-time and error-free to senior management

Hong Kong

Specialized in the FI industry, focusing on Bank, FX firm, and Broker-Dealer relationshipsHong Kong and Taiwan FI industry analysis:• Conducted research on the Hong Kong and Taiwan FI industry, economic environment, and historical trends• Thoroughly analyzed financial statements extracted from annual and interim reports to update existing company spreads and develop CAMELS financial ratios • Performed credit analyses utilizing brokerage and rating reports to construct internally-assigned risk ratings• Presented a Peer Group Review and provided 5 Financial Analysis reports to the Executive Office• Familiar with the various debt products offered by Bank Of America Merrill Lynch including accumulators, daylight overdrafts, FX spot/swaps, interest rate swaps, and trade finance facility

Shanghai City, China

• Conducted focused economic and legal research on the energy and renewables sector in China • Participated in three green energy conferences focused on developing alternative fuel sources• Assessed and reviewed sales and technical service agreements for Fortune 500 clients• Translated legal briefings and articles between Mandarin and English