Education

University of California Berkeley                                                                     Berkeley, CA

Walter Haas School of Business

Master of Financial Engineering, March 2004

National Taiwan University                                                                                    Taipei, Taiwan

Bachelor of Business Administration, concentration in Finance, June 1997

JPMorgan Securities                                                                                        New York, NY

Associate, Investment Banking Division, Fixed Income Derivatives Trading Desk

l            Understand different interest rate models and the trading room mechanism; a combination of academic and practical exposure.

l            Implemented volatility trading model in the interest rate derivatives – Flow Options Trading desk.  The project scopes include: 1) curve building on the CMS and CMT instruments, 2) transformation on Normal and Log Normal distributions on the change in forward rates stochastic process, 3) market day count practices on to the pricing impacts, and therefore, 4) swaption and cap pricing modeling using Black model.

l            Perform USD curve modeling for Swap desk.  The main projects include: 1) CMS curve building using different instruments, 2) benchmark rates modeling for trading, 3) pricing model and delta risk management building for different kinds of swaps, and futures in the desk.

l            Constructed PNL prediction spreadsheet for Exotics, Flow, and Swap Trading Desks.

AVP, Risk Measuring and Management, MBS Trading

l            Calibrated prepayment model parameters and test the risk exposure of the CSFB fixed income portfolios.

l            Re-calculated the theoretical OAS and therefore performed historical simulations on structured product portfolios; the product lines include: Residential Mortgage Backed Securities, Asset Backed Securities, and Credit Products.

l           Used Taylor Series Expansion to re-price the fixed income trading securities and whole loan portfolios and calculate the risk exposure of the fixed income portfolio.

Winter, 2003

Wells Capital Management                                                                              Walnut Creek, CA

Credit Analyst Intern, Fixed Income Research Department

l            Construct credit risk model based on Leland Model.

l            Bond pricing analysis with structural models and default probability simulation.

2000 – 2003

PricewaterhouseCoopers                                                               Taipei, Taiwan / Beijing, China

Manager, Corporate Finance and Recovery Division

l            Constructed financial models using Excel with C++ COM technology and VBA for more than 20 legal entities on corporate valuation, merger and acquisition, private placement, pr

oject finance, and BOT strategy advisories. 

l            Used models to perform discounted cash flow, pricing multiples, and net asset approach valuation with drivers obtained from investment strategies, tax benefits, and accounting policies.

l            Officially appointed as an internal company instructor on financial modeling.

l            Part-time instructor in a series of lectures in “Financial Evaluations during Privatization” for Taipei County Government.

1999 - 2000

ABN AMRO Bank Taipei Branch                                                                         Taipei, Taiwan

Product Design and Sales Staff on Electronic Banking System, Global Transactional Services, Corporate Banking Division

l            Assisted high-tech industry clients as a corporate banking client representative. Evaluated the cost and benefit generated by each client for marketing strategies.

l            Designed and sold Electronic Banking Systems to 36 local and 6 multinational corporate banking clients. The systems were designed in Visual Basic, Power Builder, SQL Sever and Access Database, and generated average monthly transaction volume of USD 2.3 million.

1997 - 1999

Compulsory Military Service                                                                            Taichung, Taiwan

Lieutenant, Vice Captain

Summer 1996

Union Bank of Switzerland                                                                                     Taipei, Taiwan

Industrial Research Analyst, Credit Research Department

l            Conducted industrial analysis and financial statement analysis of the petrochemical industry.

1995 - 1997

Citibank Taipei Branch                                                                                           Taipei, Taiwan

Summer Associate, Corporate Finance Division, Global Financial Group

l            Performed operation research analysis on operation improvement projects.

l            Coded operation improvement software using Visual FoxPro and Excel VBA.

Trading Desk Intern, Treasury Department

l            Worked as a clerical assistant on the money market trading desk.

l            Debugged trading systems for Y2K pre-maintenance with CA Clipper.

SKILLS

Languages:

English, Mandarin and Japanese

Analytical:

• Corporate valuation

• Option pricing theorem

• Solving PDE using Mathematica

• Monte Carlo simulations

• Binomial Tree

• MBS pricing theorem and several prepayment models

• Credit risk modeling using structural and reduced-form models

Computers:

• C++ in financial modeling field (8.5 out of 10)

• Visual Basic (8.5 out of 10)

• Microsoft Office (10 out of 10)

• VBA (9 out of 10)

• Matlab (7.5 out of 10)

• Mathematica (7.5 out of 10)

• Linux operating system (7 out of 10)

Interests:

Traveling, playing piano, tennis, badminton, basketball and classical music.