Derek Sit, Cfa Email & Phone Number

Lead a diverse, multinational team of data and modeling analysts to produce interest rate risk reporting for over 175 banks and credit unions and data preparation for interest rate risk modeling for over 600 end-clients

Greater Boston Area

• Independently created a Liquidity Coverage Ratio (LCR) model to ensure the accuracy of a Tier 1 bank’s internal LCR calculator
• Reviewed implementation of FR 2052a/5G report at a Tier 1 bank to ensure completeness and accuracy of data, and conformance to regulatory instructions
• Audited an ALM Engine used for modeling Economic Value of Equity (EVE) and Net Interest Income (NII) at a Tier 1 US bank reviewing scenarios, financial behavior mappings, new business assumptions
• Developed an extensive data framework solution including GL Reconciliation, Data Lineage, and Data Quality Controls to continuously monitor data used for ALM/Liquidity/Capital purposes

• Performed stress testing to analyze portfolio’s tail risk and served as owner for model changes (ex. Value at Risk (VaR), multifactor models)
• Calculated exposure and credit sensitivities of The Hartford’s General Account to stress scenarios and market trends (ex. Energy crisis, Brexit, Commercial Real Estate)
• Modeled economic and statutory credit losses due to spread widening, migration, and default used in the capital planning process
• Created a Watch List report identifying issuers at risk of migration/default used as a pre-impairment monitoring tool
• Developed and automated risk reports using VBA reducing time spent on production to one third while implementing controls approved by internal audit

• Managed The Hartford’s employee pension fund and other employee benefits assets based on duration targets and other liability risk characteristics to improve cash flow matching
• Executed a lump sum payout for company’s defined benefit plan resulting in a $50M after tax gain
• Enhanced modeling techniques to incorporate interest rate volatility for cash balance plan liabilities
• Prepared materials for quarterly Pension Committee meetings outlining performance, risks, and strategic initiative status

• Aided in the validation of critical models at the company and worked with model owners to mitigate findings
• Reviewed model inputs, outputs, processing, conceptual soundness, monitoring and controls, and assumptions

Provide drop-in aid to students who have difficulty in their math courses (Calculus, Probability, Statistics)Teach students math skills such as derivatives and integralsGrade homework for mathematics professors

• Tracked strategic initiatives to determine their efficiency and effectiveness (Focus Week, Credit Enhanced BBOs).
• Created reporting tool to aid managers in understanding their relationship managers’ activities.
• Enhanced the understanding the customers by including key metrics into valuation.
• Created MA South Shore portfolio for relationship manager based on analysis of the market.
• Created one-pagers and strategy decks on competitive intelligence to distribute to branch members and BBOs across the country.

Greater Boston Area

Responsible for youth soccer games ranging in age from 9 to 14Uphold rules and regulations for soccer matchesMitigate concerns and questions from coaches and parents

Bs, Economics-Finance

Activities and Societies: Varsity Indoor and Outdoor Track & Field Team

Education record