Yong Ye
Jersey City
Summary
Accomplished risk management professional with over 20 years of experience in quantitative analysis and trading. Proven expertise in designing and implementing robust risk frameworks while effectively managing teams and collaborating with regulators. Notable achievements include successful oversight of complex risk-related projects that enhanced organizational resilience. Aiming to leverage extensive background to drive strategic risk initiatives in a dynamic environment.
Overview
24
24
years of professional experience
Work History
Founder
MaxNorm LLC
Jersey City
07.2022 - Current
- Designed and implemented a smart contract-based trading platform integrating Uniswap for automated crypto trading
- Designed and implemented on-chain order execution mechanisms, including market, limit and stop orders, ensuring optimal execution and security
Co-Founder
Decameron Technologies
New York
02.2021 - Current
- Key contributor to the foundation of a fintech startup providing advanced quantitative solutions
- Advises on strategic direction, marketing, and product development
Director, Global Head of Enterprise Model Validation, Model Risk Management Group
Credit Suisse
New York
01.2018 - 01.2021
- Led the enterprise-wide review and monitoring of quantitative models, covering market, business, operational, liquidity and regulatory aspects
- Set performance thresholds for various types of models and led the resolution process for model errors
- Oversaw stress testing models, including CCAR, CECL, and Basel regulatory frameworks
- Managed a team of more than 50 professionals across New York, Raleigh, London, India and Poland
- Ensured the timely delivery of challenging tasks with tight deadlines, such as Credit Suisse's first comprehensive review of all its expert judgments
- Liaised with regulators (Federal Reserve, FINMA) and senior management to ensure regulatory compliance
- Co-chaired the Central Model Committee to improve communication among modelers, users, and validators
Fixed Income and Equity Derivative Trading
Self-Employed
New York
12.2016 - 01.2021
- Managed a proprietary portfolio including Eurodollar futures, U.S Treasury note futures, and VIX futures
Vice President, Model Risk Management Group
Goldman Sachs
New York
07.2015 - 11.2016
- Led the firm-wide quantification and assessment of model risk at the request of the Federal Reserve
- Managed consulting teams to inspect systems and analyze model risk across the firm
Director, Deputy Head of Model Risk Methodology Group
Bank of America Merrill Lynch
New York
09.2012 - 05.2015
- Identified qualitative risk factors for corporate and consumer banking models
- Developed a home price index model using liquidly traded interest rate instruments
- Participated in the firm-wide projects to unify models across different divisions, and provide summary of model risks to high management
Principal Economist, Enterprise Risk Management Group
Fannie Mae
Washington
11.2009 - 09.2012
- Validated agency Mortgage-Backed Security prepayment model for loss forecasting. Identified that, despite reasonable back test results, the model could provide overly optimistic projections under realistic scenarios
- Validated a thirty-year fixed rate agency mortgage current coupon model. Identified errors that were due to the interactions of models rather than the performance of individual models
- Participated in the validation of Fannie Mae’s fixed income term structure model
- Validated the American option pricing model
Fixed Income, Commodity, and Equity Derivative Trading
Self-Employed
Los Angeles
11.2007 - 11.2009
- Managed a proprietary portfolio across U.S and European rate futures, VIX futures, and commodity futures
Vice President, Mortgage Pricing and Portfolio Optimization
Countrywide
Calabasas
10.2006 - 11.2007
- Developed real-time mortgage product pricing algorithms
- Optimized the allocation of mortgages to investors (FNMA, Freddie Mac, whole loan buyers)
Vice President, Mortgage Product Valuation, Portfolio Optimization, and Risk Management
Structured Portfolio Management LLC
Stamford
09.2005 - 09.2006
- Modeled and priced innovative mortgage products with limited historical data
- Developed early warning systems for potential market regime changes
Analyst, Global Fixed Income Relative Value Trading
Fortress Investment Group LLC
New York
02.2004 - 05.2005
- Managed fixed-income relative value trading at Drawbridge Global Macro Fund across G10 and emerging markets
Strategist, Fixed Income Valuation and Risk Calculation
JWM Partners LLC
Greenwich
07.2001 - 01.2004
- Designed U.S fixed-income relative value trades, including FNMA MBS futures
- Modeled and priced mortgage-backed securities
Education
Ph.D. - Mechanical Engineering
Massachusetts Institute of Technology
Cambridge, MA02.2002
Skills
- Quantitative analysis
- Risk management framework design
- Stakeholder relationship management
- Team leadership
- Fixed income products
- Mortgage products
- Programming
- Data analysis
Timeline
Founder
MaxNorm LLC
07.2022 - Current
Co-Founder
Decameron Technologies
02.2021 - Current
Director, Global Head of Enterprise Model Validation, Model Risk Management Group
Credit Suisse
01.2018 - 01.2021
Fixed Income and Equity Derivative Trading
Self-Employed
12.2016 - 01.2021
Vice President, Model Risk Management Group
Goldman Sachs
07.2015 - 11.2016
Director, Deputy Head of Model Risk Methodology Group
Bank of America Merrill Lynch
09.2012 - 05.2015
Principal Economist, Enterprise Risk Management Group
Fannie Mae
11.2009 - 09.2012
Fixed Income, Commodity, and Equity Derivative Trading
Self-Employed
11.2007 - 11.2009
Vice President, Mortgage Pricing and Portfolio Optimization
Countrywide
10.2006 - 11.2007
Vice President, Mortgage Product Valuation, Portfolio Optimization, and Risk Management
Structured Portfolio Management LLC
09.2005 - 09.2006
Analyst, Global Fixed Income Relative Value Trading
Fortress Investment Group LLC
02.2004 - 05.2005
Strategist, Fixed Income Valuation and Risk Calculation
JWM Partners LLC
07.2001 - 01.2004
Ph.D. - Mechanical Engineering
Massachusetts Institute of Technology
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