Fong Ma

Experience

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  HSBC Stockbrokers

  Sept 1997 - Dec 1999

  Checking and Queries Clerk

  • Checking gilt/equity trades and liaising with other market participants and custodians to match any outstanding trades of the day• Investigating matched trades where discrepancies have occurred and providing a solutionin the cases where we were wrong and filing loss reports• Frequent user of, ICV Topic and Crest GUI• Order-taking from the bank’s retail branches and passing the ticket to the dealer for best execution

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  Man

  Dec 1999 - Jul 2000

  Settlements Clerk

  • Residual settlement – receiving stock from CCSS and ensuring stamp duty is paid on purchases, registering transfer of ownership and passing stock on to the market in the case of sales. • Checking gilt/equity trades and liaising with other market-makers and custodians to match any outstanding trades of the day• Corporate Actions – liaising with the clerk to match all corporate action allegments, updating priority on cash and stock movements where necessary and matching free of payment transfers.• Miscellaneous – dealing with private client queries, order-taking, dividend payments for nominee clients, sending out contract notes and certificates, making stock withdrawals and deposits. Show less

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  Merrill Lynch

  Jul 2000 - Oct 2004

  Supported the CFD and equity swap desk. From ticket/blotter trade input to cash, position and P&L reconciliations and client liaison.• Trade booking and amendments in a timely manner • Investigating and resolving ad hoc queries for traders and clients as quick as possible to avoid market risk and potential adverse movements arising from amendments• Daily reconciliation of the desk’s positions and P & L• Monitoring margin and client commissions and MTM interest calculations to mitigate credit risk• EOD client position reporting and price downloads from Reuters for MTM purposes• Liaising with Prime Brokerage on report, collateral and margin requirements• Corporate action bookings which required good organisation ahead of events• System testing and control process development Show less

  • Swap Desk Trade Support

    Mar 2003 - Oct 2004

  • Settlements Clerk in the UK Custody Team

    Jul 2000 - Mar 2003
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  Deutsche Bank

  Oct 2004 - Apr 2009

  Derivatives Operations

  • Products covered are OTC equity options, total equity swaps, CDS (including Index, Baskets and CDO), total rate of return swaps, interest rate swaps, OIS, FRAs, currency swaps - excellent understanding of the life cycles and trade process flows• Pre-confirming and settling OTC derivative cash flows with the Bank’s top tier clients and providing ad hoc query assistance as part of client servicing requirements• Reporting cash flow discrepancies to middle and front office only after initial investigation on the trade booking and review of the executed confirmation, explaining what I believe the problem might be and what the solution they might take where possible.• Investigating failed settlement and reconciling aged settlement breaks on the Nostro and • a member of the team that brought the figure down from over 8000 breaks to under 400 prior to my departure for the Lean Cell project and improving the internal risk assessment on the department• Assisted in the pilot project of the bank’s first near shore office - assisting the stakeholder with the outsourcing set-up and displaying excellent interpersonal skills in the process• Assisted in the Lean Cell pilot program, which was successfully rolled out to the rest of the derivative settlement department. This is a lean six sigma initiative the bank took which was a key factor in the bank gaining top rank in the Z-Yen survey for Best OTC Derivatives Broker 2008.• Assisting with ISDA documentation discrepancies• Making payments in SWIFT when necessary• MIS reporting to senior management and the Client Service Group for root cause analysis• Ad hoc UAT assistance and continual systemic improvement projects• Adherence and improvements to the departmental controls • Training of new colleagues in system and product knowledge, as well as my own attendance on in-house courses and tutorials Show less

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  Santander Global Markets

  Sept 2009 - Nov 2010

  Derivatives Analyst

  • Worked in the OTC Derivative, Money Market and Fixed Income back office team covering repos, fixed income repos, overnight index swaps, credit derivatives, interest rate swaps and OTC options• Worked closely with the middle office to ensure the trade tickets booked on Murex are enriched correctly in the back office system (GBO) and to resolve Front Office/Back Office breaks• Dealing with ad hoc queries from the Product Control area• Ensuring the counterparty SSIs are set up by the static data team• Have worked on the novation project of all Alliance and Leicester (A&L) trades into the Santander systems and supporting the derivative trades of A&L’s small retail clients • Pre-confirmation and settling of the rate swap cash flows with external counterparties and internal bank and resolving post settlement breaks by liaising with the MO and clients.• Making manual payments and messaging in SWIFT• Actioning daily EOD control procedures to ensure all front office tickets have made it into GBO Show less

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  Lucidus Capital Partners LLP

  Nov 2010 - Dec 2015

  Operations Analyst

  Long/Short credit hedge fundIn the operations team covering:• Bilateral single name CDS • Cleared CDS Indexes• Fixed income – government and corporate• Reverse repo • Futures and Options• Equity Swap• FX tradesOn a daily basis I manage the following processes:• trade, position and cash reconciliations for all products • monitor CDS novations in ICELink – timely consent and confirmation• monitor alleged and unconfirmed CDS trades in DTCC• agree the cash settlements with our counterparties for the OTC trades• reconciling the CDS index trades at ICELink• trade date confirmations for our cash trades (fixed income and equity)• report failed cash trades and monitoring any alleged buy-in notices• report repo cover requirements for our short cash positions• margin call agreements and balance reconciliations with our ISDA counterparties• P&L reporting• NAV reporting • Ad hoc treasury and compliance requests• reconciling coupon and dividend payments and receipts on our cash holdings• confirming and reconciling tax postings on our Italian and Portuguese holdings• liaise with our counterparties, prime broker and fund administrator in resolving breaks• prime broker, fund administrator and custodian account balance reconciliations• EMIR reporting uploads• monitoring FX exposure and booking FX hedging tradesOther responsibilities are:• Monthly NAV cash reconciliation with the fund administrator• Monthly margin interest agreements with our ISDA counterparties• Quarterly CDS coupon roll agreement with our counterparties• Assist with the monthly investor letter by providing attribution dataAd hoc projects for Lucidus:• setting up the Lucidus G4 Fund (and subsequent entity name change to Leveraged Credit Fund)• moving the novation process across from Markit to the ICELink platform• implementation of the EMIR reporting protocols for the funds - on-boarding with the GTR and third party submitters Show less

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  PGIM Wadhwani

  Feb 2016 - Apr 2025

  Senior Operations Analyst

  Operations for a macro systematic investment manager looking after UCIT, managed accounts and hedge funds. Providing clearing and settlement capabilities across several asset classes and offering support from a Risk and Treasury perspective, working closely with the Risk Management function. Close liaisons with EMS, execution and fund accounting to ensure smooth operations and timely NAV production.Asset classes covered: Futures, FX, Equity, Equity Swap, CDS/IRS, Money MarketResponsibilities are:Ensuring trades, payments, positions and balances are reconciled correctly on a daily basisTrade confirmations and timely file export to clearing brokersResponding to discrepancies and queries from PBs, executing brokers and fund administrators in a timely mannerMeeting all cash obligations including margin calls, FX netting, and cash dividends ensuring timely settlement of allManage currency exposure risk of the futures accounts by executing FX ordersInvolvement in stock loan functionMonitoring NOP limits for FX execution brokers at our FX clearersProvide daily MIS and PnL reportingStatic Data maintenance including setting up new securitiesTreasury Operations including payments monitoring, concentration and investment of monies (5/10/40 UCIT concentration)Regulatory transaction reportingAssisted on three fund launches being a focus for broker on-boarding I have excellent experience in exchange and clearing processing with emphasis on clearing and settlement and end to end understanding of CCP services. I have strong awareness of the regulatory environment and have been involved with implementation of MIFID II within the firm.I have helped with on-boarding new PBs, fund launches and asset classes assisting with setting up internal infrastructure.Familiarity with many financial vendor systems Show less

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  Arini Capital Limited

  Apr 2025 - now

  EMIR Transaction Reporting