Siyao Chen

Siyao Chen

Statistical Researcher

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  • Timeline

  • About me

    Head of Sales / Managing Director @ AD Paragon Ltd | Consumer Electronics, PC Accessories, Sales Management

  • Education

    • Heriot-Watt University

      2007 - 2011
      Bachelor of Science (BSc) Actuarial Science 2:1

      Activities and Societies: Edinburgh Asian Chinese Basketball Club Degree level: Upper Second • Degree (2:1).Actuarial qualifications exemptions:• CT 1 (Financial Mathematics)• CT 2 (Finance and Financial Reporting)• CT 3 (Probability and Mathematical Statistics)• CT 4 (Models)• CT 5 (Life Contingencies)• CT 6 (Statistical Methods)• CT 7 (Economics).Completed two projects in final year: pension project is about analyzing the implicationsof some proposed changes to a define benefit pension scheme; life office… Show more Degree level: Upper Second • Degree (2:1).Actuarial qualifications exemptions:• CT 1 (Financial Mathematics)• CT 2 (Finance and Financial Reporting)• CT 3 (Probability and Mathematical Statistics)• CT 4 (Models)• CT 5 (Life Contingencies)• CT 6 (Statistical Methods)• CT 7 (Economics).Completed two projects in final year: pension project is about analyzing the implicationsof some proposed changes to a define benefit pension scheme; life office practice one isabout discussing the amount of business the insurer should sell in one year satisfyingmaximum profits and future solvency. Both gave some good experiences in actuarialfield. Show less

    • The University of Edinburgh

      2012 - 2013
      Master of Science (MSc) Financial Mathematics Passed

      Activities and Societies: Edinburgh Asian Chinese Basketball Club • Master degree Grades: PassRelevant Courses:• Credit Risk Management• Derivative Markets• Derivative Pricing and Financial Modeling• Discrete-time Finance• Financial Markets• Partial Differential Equations• Stochastic Analysis in Finance• Simulation• Statistical MethodsThe master dissertation is about implementing and calibrating CreditRisk+ lossdistribution using different algorithm methods (e.g. Fast Frontier Transform… Show more • Master degree Grades: PassRelevant Courses:• Credit Risk Management• Derivative Markets• Derivative Pricing and Financial Modeling• Discrete-time Finance• Financial Markets• Partial Differential Equations• Stochastic Analysis in Finance• Simulation• Statistical MethodsThe master dissertation is about implementing and calibrating CreditRisk+ lossdistribution using different algorithm methods (e.g. Fast Frontier Transform, PanjerRecursion and Monte Carlo Simulations). The dissertation explained CreditRisk+ modeland these algorithms. Implementing examples in R using different algorithm andcomparing the loss distribution bar charts in order to see the advantages in eachalgorithm. Show less

  • Experience

    • ABM Analytics

      Oct 2011 - Aug 2012
      Statistical Researcher

      As a Statistical Researcher at ABM Analytics, I played a crucial role in supporting strategic projects in Asia, focusing on statistical forecasting for future oil prices. My primary responsibility was to enhance the accuracy and reliability of predictive models through rigorous testing and refinement, employing advanced statistical methodologies.Key Responsibilities:Model Development and Testing: Led the testing of statistical models using the Generalized Additive Models for Location, Scale, and Shape (GAMLSS) framework in R, focusing on forecasting oil prices with a high degree of precision.Predictive Model Refinement: Tasked with refining oil price predictive models, ensuring they are robust and align with real-world data and trends.Collaborative Project Work: Contributed to a significant project in collaboration with ABM Analytics, aimed at leveraging statistical programming for oil price forecasting, demonstrating the practical application of statistical theories and tools.Achievements:Gained specialized knowledge in the global oil market, understanding its complexities and the factors influencing price fluctuations.Developed advanced analytical skills, applying them to a real-life project with tangible impacts on strategic forecasting and decision-making.Enhanced proficiency in R and the GAMLSS framework, solidifying my capabilities in statistical analysis and model testing.This position at ABM Analytics provided a valuable opportunity to apply and expand my statistical research skills within a practical, industry-focused context, contributing to the advancement of forecasting methodologies in the energy sector. Show less

    • Taiping Insurance

      Dec 2013 - Jan 2015
      Actuarial department assitant

      In my role at Taiping Insurance, I provided comprehensive support to the actuarial department, playing a key role in a wide range of operational tasks. My responsibilities spanned scheduling, policy amendments, audits, as well as calculations and data analysis, ensuring the department's smooth operation and the timely completion of projects.Key Responsibilities:Operational Support: Managed the department's calendar, coordinating schedules to guarantee the on-time fulfillment of all actuarial projects and assignments.Meeting and Development Engagement: Actively participated in weekly staff meetings, contributing to discussions on company developments and learning about new industry trends and practices.Project Leadership: Initially appointed as the supervisor's assistant on the pivotal Gold Shield project, leading to its successful conclusion. This role underscored my ability to manage and contribute significantly to complex projects.Executive Assistance: Worked closely with the director in preparing for the Chinese Association of Pension event hosted by Taiping Pension in Shanghai, showcasing my organizational and interpersonal skills.Achievements:Acquired foundational knowledge in pension systems and actuarial science, setting the stage for my career in the insurance and financial services sectors.Developed an understanding of various statistical models, enhancing my ability to perform data analysis and calculations for policy pricing and design.Sharpened my analytical and communication skills, essential for navigating the complexities of actuarial work and contributing to cross-functional team efforts.This role at Taiping Insurance was instrumental in cultivating my early interest and skills in the actuarial field, providing a solid foundation in both theoretical knowledge and practical application within the insurance industry. Show less

    • Scottish Widows

      Jan 2015 - Jan 2016
      Pension Administrator

      At Scottish Widows, I undertook the crucial role of Pension Administrator, focusing on the meticulous data capture and analysis of annual management charges and commissions for various pension schemes. My responsibilities revolved around ensuring the integrity and accuracy of pension scheme data, contributing to the effective management and operation of these financial vehicles.Key Responsibilities:Data Management: Conducted manual reviews of variable pension schemes on Mainframe, extracting and collating data from Automated Workflow Distributor (AWD), PEGA, and local data drives.Data Analysis and Input: Responsible for analyzing collected data and accurately inputting pension terms into the Data Capture Tool (DCT), ensuring precise scheme administration.Complex Scheme Processing: Recognized for high productivity and selected to manage more intricate schemes (SMD, SM9 scheme), showcasing my capability to handle complex administrative tasks.Achievements:Gained comprehensive knowledge of various pension schemes and the operational framework of the pension business at Scottish Widows.Mastered the use of critical pension systems including Mainframe, AWD, PEGA, and DCT, enhancing my technical proficiency and efficiency in pension administration.Developed key professional skills including an enhanced ability to balance work efficiency (focusing on both quality and quantity), alongside improved communication skills and patience.This role afforded me a deep dive into the world of pension administration, where I not only honed my technical skills but also gained valuable insights into the nuances of pension schemes and their management. My experience at Scottish Widows was pivotal in shaping my understanding of the pension industry and strengthening my professional competencies. Show less

    • JLT Employee Benefits

      Jan 2016 - Jan 2017
      Pension Administrator and Analyst

      In my tenure at JLT Employee Benefits' Edinburgh division, I embraced the role of Pension Administrator and Analyst with a focus on managing Defined Benefit (DB) and Defined Contribution (DC) pension schemes. My responsibilities encompassed a broad spectrum of administrative and analytical tasks, ensuring the smooth operation of pension processes and contributing to the financial security of scheme members.Key Responsibilities:Scheme Management: Handled general inquiries, scheme refunds, fund value transfers, and the retirement processes for members of DB and DC pension schemes, ensuring compliance and member satisfaction.Database Maintenance: Kept participant databases current and accurate, vital for the integrity of member records and scheme administration.Pension Calculations and Communications: Utilized JLT's systems, including Bizflow, SharePoint, oPen, and Classic, to issue member pension requirements. This involved intricate pension fund value calculations for refunds and transfers, relying on actuarial methods and direct communication with clients in the UK and India.Achievements:Acquired in-depth knowledge of DB and DC pension schemes, understanding their mechanisms and tailoring them to meet member needs effectively.Enhanced adaptability to new systems and refined communication skills, crucial for navigating complex pension administration landscapes and engaging with diverse stakeholders.This role enabled me to develop a comprehensive understanding of pension administration and analysis, equipping me with the skills to manage intricate pension processes and contribute to the financial well-being of members. My journey at JLT Employee Benefits has been instrumental in honing my technical, analytical, and communication abilities, laying a solid foundation for my career in financial services. Show less

    • A.D. PARAGON LIMITED

      Jan 2017 - Sept 2019
      Business Development Manager

      I spearhead the development of a new venture focusing on bridging the Asian fashion and clothing market with consumers in Europe and the UK. This initiative is in collaboration with our sister company, Mask9, based in Beijing, and leverages the strengths of A.D Paragon's existing supplier networks in China. My responsibilities encompass strategic market exploration, business planning, and setting up the online infrastructure necessary for importing and selling our curated selection of fashion and clothing products.Core Responsibilities:Market Analysis & Strategy Development: Identify and assess opportunities in the European and UK markets for Asian fashion products.Business Planning & Execution: Collaborate with Mask9 to refine business models and strategies for market entry and growth.Supplier Management & Product Sourcing: Utilize A.D Paragon’s relationships with Chinese suppliers to secure a diverse range of fashion items for our target markets.Online Platform Management: Lead the development and operational management of online sales platforms, ensuring a smooth process from import to customer delivery.Achievements:Initiated and managed the setup of a cooperative company aimed at the online retail of Asian fashion in Europe and the UK, marking a significant step towards our goal of market penetration.Established a solid foundation of suppliers and logistics partners, enhancing our operational efficiency and product variety.Implemented effective online marketing strategies, contributing to the successful launch and growing presence of our brand in new markets.By merging in-depth market insights with strategic business planning and digital commerce expertise, I am driving our family business towards capturing the untapped potential of Asian fashion in Western markets. My role is pivotal in navigating the complexities of international trade and online retail, ensuring we deliver unique value to our customers while fostering growth and innovation. Show less

    • FREAKWORKS

      May 2018 - Jan 2024
      Business Development Manager

      At Freakworks, I lead Chinese project initiatives, leveraging my expertise in business development and cross-cultural communication. I am pivotal in exploring new business opportunities within China, managing translations, and fostering international partnerships to drive our expansion.Responsibilities:Direct strategic communication and development for Chinese-related projects.Oversee translations and localization for business documents and client communications, ensuring cultural accuracy.Lead projects like the Ganten water commercials and contribute to our recognition at the Guangzhou International Documentary Film Festival.Achievements:Managed the Ganten big bottle water commercial in Edinburgh, showcasing our brand on a global stage.Directed the Ganten BaiSuiShan water commercial in 2019, reinforcing our market presence.Secured 3rd place at the 2018 Guangzhou International Documentary Film Festival, highlighting our storytelling prowess.Spearheaded discussions for potential collaborations with Tencent, opening avenues for digital expansion.In this role, I blend strategic insight with operational efficiency, focusing on market analysis and relationship management to enhance Freakworks’ footprint in China. My work bridges the gap between creative production and business strategy, ensuring our content resonates across cultures while contributing significantly to our growth and international reputation. Show less

    • CHB GLOBAL LTD

      Sept 2019 - Apr 2020
      APJ IT Hardware Broker

      In my pivotal role at CHB Global LTD, I specialize in brokering IT hardware for the expansive Asian market, covering key regions including China, Korea, Japan, Malaysia, Singapore, and India. Leveraging my profound IT hardware knowledge and exceptional bilingual communication skills, I drive both new and existing business development efforts, ensuring a robust presence across these vital markets.Key Responsibilities:Market Expansion: Spearhead the development of selling and buying strategies for IT hardware, effectively expanding our market reach in Asia.Client Network Development: Cultivate a comprehensive and well-rounded client network within the IT hardware sector, establishing long-term business relationships.Knowledge and Skills Application: Apply in-depth IT hardware knowledge and strong communication skills to navigate market demands and client needs efficiently, enhancing transaction success.Achievements:Developed a substantial client base across Asia, significantly increasing sales and procurement opportunities for IT hardware.Mastered deep IT hardware knowledge, staying ahead of industry trends and technological advancements to provide expert advice and solutions.Enhanced bilingual communication prowess, facilitating seamless negotiations and partnerships with stakeholders in both English and Chinese.In this role, my focus is on identifying lucrative opportunities and negotiating deals that benefit all parties involved. My expertise not only lies in understanding the technical aspects of IT hardware but also in building and maintaining strong relationships with clients and partners across diverse cultural backgrounds. This dual focus has been instrumental in CHB Global LTD's continued success and expansion in the Asian IT hardware market. Show less

    • AD Paragon Ltd

      Apr 2020 - now
      Managing Director

      As Director of AD Paragon Ltd, I am at the forefront of driving strategic growth and innovation in the digital marketplace, particularly on Amazon. My role involves a multifaceted approach to business leadership, including but not limited to:Strategic Planning and Execution: Developing and implementing business strategies that align with the company's vision for growth in the competitive consumer electronics and PC accessories market. This includes expanding our product portfolio to meet evolving consumer needs and leveraging data-driven insights to enhance market positioning.Product Sourcing and Development: Curating a high-quality, innovative product lineup that meets the demands of tech-savvy consumers. This involves meticulous research and development, ensuring our offerings stand out for their excellence and ingenuity in a crowded marketplace.Team Leadership and Development: Leading a dynamic team with a culture of excellence, innovation, and continuous improvement. I am committed to fostering a work environment that encourages creativity, collaboration, and a customer-first mindset among our staff.Market Analysis and Trends Adaptation: Keeping a pulse on the latest industry trends and consumer behaviors to guide the company's strategic direction. This includes adapting to technological advancements and changing market dynamics to stay ahead of the curve.Financial Management and Revenue Growth: Overseeing the company's financial health, including budgeting, forecasting, and financial planning, to ensure sustainable growth and profitability. My leadership has been instrumental in optimising operations and maximising revenue streams.Customer Satisfaction and Loyalty Building: Ensuring the highest levels of customer satisfaction through exceptional product quality, customer service, and after-sales support. My focus on building strong customer relationships has significantly contributed to our reputation and success on Amazon. Show less

  • Licenses & Certifications

    • CT 4 (Models)

      Institute and Faculty of Actuaries
      Sept 2011
    • CT 3 (Probability and Mathematical Statistics)

      Institute and Faculty of Actuaries
      Sept 2011
    • CT 2 (Finance and Financial Reporting)

      Institute and Faculty of Actuaries
      Sept 2011
    • CT 1 (Financial Mathematics)

      Institute and Faculty of Actuaries
      Sept 2011
    • CT 6 (Statistical Methods)

      Institute and Faculty of Actuaries
      Sept 2011
    • CT 5 (Life Contingencies)

      Institute and Faculty of Actuaries
      Sept 2011
    • CT 7 (Economics).

      Institute and Faculty of Actuaries
      Sept 2011