David Yang Email & Phone Number

East Hanover, Nj, Us

Zurich, Ch

Overview* Key member of Global Market Risk (GMR) department which resides within Chief Risk Office (CRO) * Simplify and standardize firm-wide GMR Frameworks including debt and equity intraday, aged inventory trading, trader mandate, constraints, etc. to satisfy FRB/FINMA regulatory and internal compliance requirementsPolicy* Introduce and implement enhanced policy governance process throughout GMR for more effective review and documents, reducing time spent by GMR Committee significantly* Created, introduced, and rolled out Market Risk Target Policy Landscape (served as prototype throughout Risk Management) and implemented/enhanced robust policy governance process for all policies and procedures * Develop internal standards that allow senior management, Internal Audit (IA), and external regulators to quickly consume existing document content* Manage awareness of existing policies and procedures and develop methodology to ensure accountability Governance/Framework* Advise senior management in identification and establishment of new potential frameworks considering pre-empting regulatory findings/issues* Review existing frameworks for principles consistency/applicability across firm and simplify number of and content of documentation (EOD limits and flag constraints) monitoring framework, trader mandates, etc.* Identification/simplification/standardizationAdditional Successes* Closed out many complex IA issues involving collaboration amongst multiple groups (Market Risk Change, Market Risk Managers, Market Risk COO, etc.) and influenced senior management decisions* Hired, managed, and retained 8-10 junior policy staff and directly managed VP and AVP

Zurich, Ch

Brought in to head up and expand the Market Risk Policy team.

New York, New York, Us

* Served as global lead auditor for the Dodd-Frank Risk Management Program audit, overseeing multiple functional units involving 50+ auditors and co-sources ** Performed data quality, back-testing, hierarchy maintenance, daily deep dive analysis of various key risk metrics, product filtering, etc.* Functioned as controller for Market Risk Reporting audit and led audits for Basel 2.5 – Market Risk Capital Preparation and Reporting and Market Risk Control Framework

New York, Ny, Us

* Served as lead for Comprehensive Capital Analysis and Review (CCAR) and Market Risk Data Quality audits* Served as lead technical auditor for Commodities Oil and Equity Swaps audits

London, Gb

* Project-managed client integration implementation of 2 major legal entities for credit risk management * Liaised with client PMO to migrate credit traded products from multiple VaR engines onto single source

Frankfurt Am Main, Hessen, De

Launched program revamps and executed new policies, procedures, and standards between the risk control department, front office, market risk operation office, and IT departments. Streamlined a 90% accuracy rate on the “T + O” daily Age of VaR results. Overhauled long-term projects that entailed decommissioning of risk calculation engines. Conceptualized new initiatives that ensured proper finance risk reporting and risk control management.

Toronto, Ontario, Ca

Strengthened risk management strategies and tactics for the Equity Volatility Arbitrage desk and the Structured Equity Derivatives desk. Implemented risk analysis, risk reporting, and methodology of probabilities for both desks. Solely identified additional risk measures and controls at desk trading level and reviewed and executed approvals of obscure transactions. Produced independent analysis for sectors to confirm successful trading endeavors.

New York, Ny, Us

I got my start in Merrill Lynch working in their Risk Data Quality department (RDQ). Essentially this group supported specific product line risk managers - in my particular case, I supported the equity risk managers. After approximately 1.5 years, I was fortunately recognized by very senior management and transferred into Valuation Risk Management. This is where I got my real start learning risk management practices as well as option theory. I started off doing primarily independent price verification for equity single stocks, profit and loss explain attribution, and providing summaries to the respective single stock traders. After Valuation Risk merged with Market Risk Management, I became the risk manager in charge of US single stock equity derivatives. Here I further enhanced and broadened my knowledge of risk management practices, theories etc. I was able to forge a very good relationship with the desk I covered which further helped me along with my job.

New York, Ny, Us

I had gotten the role of risk analyst in the Commodities Middle Office. Previously this role did not exist, but fortunately, I came to the right place at the right time. My knowledge of the financial markets was extremely limited at this time, however, I was able through my experience in this role, to enhance not only my knowledge of the financial industry, but also some very basic risk knowledge. Fortunately, I encountered one of my first real mentors in this industry, who helped shape me into who I am today.

Ba, Economics

Biology