DAVID ZHIWEI SHENG

• Leading a team of 7 to ensure smooth and effective operations in OTC Derivatives.
• Implementation of processes and control resulting in the reductions of manual processing time and risk by 40% for Monthly client valuation reports.
• Managing daily workflow and overseeing task execution for a team of seven.
• Developing and implementing comprehensive training plans for team members.
• Conducting manual valuation breakdowns and investigating discrepancies in trade valuations.
• Generating and analysing reports from internal sources, comparing them with external sources to manage risks and reconcile collateral exchanges.
• Providing mentorship and guidance to team members on complex trade issues.
• Overseeing various derivative trades, including Commodity Derivatives, Interest Rate Swaps, Fixed Income products, and Currency options.
• Approving and creating new GMRA, Initial and Variation Margin Credit Support Annex (CSA) contracts for institutional clients.
• Maintaining and updating Excel Macros to ensure client satisfaction and compliance with market regulations.

• Managed multiple projects simultaneously, delivering results within tight deadlines while maintaining high-quality standards.
• Optimized operational efficiency by analysing and streamlining processes.

• Overseeing the efficient functioning of the OTC Derivatives PU, the bank's largest division in Corporate and Institutional Banking.
• Producing daily market reports encompassing equity, fixed income, currency, and commodity markets.
• Managing daily collateral activities for institutional banking portfolios of NAB and BNZ.
• Driving automation efforts for key processes such as Mark to Market valuations and compliance checks.
• Conducting portfolio reconciliations for both collateralise and uncollateralised entities.
• Receiving accolades from senior management for exceptional handling of queries from high-value clients.
• Playing a pivotal role in the migration and decommissioning of core systems, overseeing the transition to Calypso and managing over 400 collateral contracts.
• Managing the entire life cycle of OTC Derivatives for a diverse range of products, including Interest Rate Swaps, Cross Currency, Commodities, and Currency Options.

• Providing excellent customer service to members and clients of multiple superannuation funds.
• Resolving member inquiries using Salesforce CRM and internal databases.
• Ensuring compliance with Superannuation legislation and regulations.
• Exceeding Team Leader expectations and shared goals in a team-based environment.
• Providing training, professional development, and mentoring to team members.
• Meeting and exceeding all KPIs including Adherence, Quality Assurance, and Net Promoter Score.
• Building strong relationships with internal stakeholders through exceptional communication skills.