CFA FRM PRM Resume Details

SUMMARY OF QUALIFICATIONS	
Dynamic, proactive, team and results-oriented finance professional with a strong combination of technical and analytical skills.  Proven ability to work under pressure and strict timelines.  Experience and knowledge include
	Interest rate and prepayment modeling		Cash flow modeling		Security pricing and valuation
	Asset & liability management (ALM)		Mortgage structuring		GAAP accounting

LONG DAI, CFA, PRM
13115 Lou Alice Way, Herndon, VA 20171  •  Telephone: 202-549-3554  •  Email: long.dai.04@gmail.com

SUMMARY OF QUALIFICATIONS	
Dynamic, proactive, team and results-oriented finance professional with a strong combination of technical and analytical skills.  Proven ability to work under pressure and strict timelines.  Experience and knowledge include
	Interest rate and prepayment modeling		Cash flow modeling		Security pricing and valuation
	Asset & liability management (ALM)		Mortgage structuring		GAAP accounting

PROFESSIONAL EXPERIENCE
Freddie Mac									 	          McLean, VA
Financial Analyst Manager, Financial Forecasting Group					           January 2006 - present
	Lead in implementation of BancWare ALM 5 by defining business requirements, evaluating potential software vendors, and execute all phases of implementation
	Provide forecast financial statements including balance sheet and income statement by modeling firm’s financial instruments including debt, derivative, mortgage and structured finance products using implied forward rates
	Develop solid understanding of various market risk measures including duration, convexity, Greeks (Delta, Gamma, Vega), basis, spread duration, prepayment duration, and credit risk
	Lead internal auditing effort on proprietary forecasting system and provide cash flow model deficiencies and material weaknesses assessment to management and risk oversight group
	Expand scope of existing business process by introducing advanced financial and modeling techniques such as Monte Carlo simulation, Value at Risk (VaR), and Earnings at Risk (EaR)
	Analyze key drivers behind forecast results by identifying and evaluating interest rate risk, prepayment risk, and credit risk of Freddie Mac’s financial holdings
	Identify forward portfolio interest rate risk exposure by computing duration and convexity gaps and subsequently perform portfolio rebalancing using interest rate swaps and swatpions
	Assume leadership responsibility in system enhancement projects, effectively manage relationship with IT support group in requirements definition and system testing for multiple releases
	Contribute to compliance and control framework by authoring, reviewing and maintaining operation procedures
	Manage team of financial analysts

Senior Financial Analyst, Financial Forecasting Group					  June 2004 – December 2005
	Played key role in discovering a system error that lead to over $200 million income statement revision in late 2005
	Modeled forward guaranteed assets and obligations valuation (FAS 140), streamlined process through automation and significantly reduced flow time 
	Priced mortgage backed securities and TBAs using implied forward rates and applied proper accounting treatments (FAS 115) to gains and losses based on relevant trading designations
	Delivered projected call dates on firm’s callable debt instruments to accounting department for amortization purposes, assessed results for reasonability and materiality
	Developed solid understanding of agency securities market and retained and credit guarantee mortgage portfolios
	Revised existing, and developed new, data reconciliation practices for derivative and guaranteed mortgage securities, reducing variance threshold from $20 billion to $1 billion
	Responsible for monitoring and modeling of firm’s new financial products, performing pro-forma analysis while adhering to existing accounting policies and regulations
	Analyzed manual processes in forecasting activity, identified existing weaknesses, and implemented improvements to enhance internal controls related to SOX compliance 

VantagePoint Mutual Funds, ICMA Retirement Corporation					     Washington, DC 
Investment Analyst, Fixed Income Group						           June 2002 – June 2004
	Constructed forecast model to project payout ratio of Stable Value asset with minimum estimation error
	Improved fixed income fund’s annual performance by over 20 basis points by restructuring cash buffer
	Implemented optimal auction strategies for option-embedded fixed income investment contracts
	Assessed impact of interest rate change on market value of fixed income portfolios
	Researched and evaluated institutional asset managers for potential hiring
	Produced ad hoc reports on mutual funds and financial market for presentation and marketing purposes
	Conducted extensive study on multi-manager investment approach and active rebalancing
	Maintained database on funds’ net asset level, performance and compliance
	Monitored commission recapture activities for equity portfolios

Pacific Bridge Incorporated									     Washington, DC
Associate, Consulting Unit							           	            July 2001 – June 2002
	Assisted Western medical companies with new business development in Asia
	Developed marketing strategies for clients to enter new markets in East Asia
	Conducted research on medical and human resources issues in Far Eastern countries
	Researched, identified, and interviewed potential candidates for firm’s recruiting business

 
EDUCATION
KOGOD SCHOOL OF BUSINESS, American University					     Washington, DC
Master of Business Administration in Finance							               June 2008           
	Teaching Assistant in Financial Management, Corporate Finance and Mergers and Acquisitions
	Research Assistant in Emerging Financial Markets and International Corporate Governance
	Honors: Dean’s list, Merit Scholarship recipient
	Activities: Vice President of Communication for Kogod Eastern Asian Students Club, Vice President of Portfolio Management for Kogod Investment Group

ST. LAWRENCE UNIVERSITY, Canton, NY							            Canton, NY
Bachelor of Arts in Economics and Mathematics							               May 2001
	Honors: Pi Mu Epsilon Mathematics Honor Society, University and Merit Scholarship recipient, Dean’s list
	Activities: Executive Committee for Crown Royalties Investment Club, Student Government

SKILLS AND AFFLIATIONS
	Chartered Financial Analyst (CFA) designation by CFA Institute
	Professional Risk Manager (PRM) designation by Professional Risk Managers’ International Association
	Financial Risk Manager (FRM) designation by Global Association of Risk Professionals
	Certified Bloomberg Fixed Income User
	Programming: working knowledge of SQL, C++, VBA, Java, HTML
	Financial Analytic Software: BancWare ALM 5, BlackRock ANSER, Bloomberg, BondEdge, Ibbotson Analyzer, INTEX Desktop, INTEX Dealmaker, Mortgage Pricer, Wilshire Atlas
	Office Software: Microsoft Access, Excel, PowerPoint, Word, SPSS
	Language: English and Mandarin Chinese