Sunhee Bang

Experience

• 

  Western Asset Management

  Dec 2004 - Feb 2006

  Supervisor - Pricing
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  Deutsche Bank

  Feb 2006 - May 2014

  • Supervised six client valuation analysts while managing the client valuation control platform for fixed income securities including corporate bonds, non-agency RMBS, subprime ABS, repo collaterals, and non-performing whole loans. • Conducted monthly price verification testing by comparing the bank’s official books and records, external vendor prices, and third-party broker prices. • Evaluated subprime ABS, non-agency RMBS, and non-performing whole loans to produce independent opinions on trader produced prices. Escalated large valuation discrepancies to traders for review and persuaded traders to revise their marks. • Analyzed trade blotters to understand market movements. Reviewed the collateral performance, deal structure, and prospectus to model future cash flows and the waterfall of bonds. • Published the price verification results and analysis of client valuations and repo collaterals. Reviewed the reports with senior management, business managers, and internal audit. Show less • Evaluated credit derivatives, total return swaps, portfolio credit default swaps, bespoke tranches, and first-to-default basket swaps for client portfolios. • Built valuation models of exotic fixed income securities and structured notes such as CMS steepener notes and callable range accrual notes. Reviewed daily P&L and risk attribution reports. • Researched and implemented pricing methodologies to account for counterparty credit risk of structured notes and credit linked notes. Ensured that model-generated valuations incorporated credit and liquidity risk by working with the structuring and syndicate desks. Show less

  • Vice President - U.S. Head of Valuation Services Group

    Feb 2010 - May 2014

  • Valuation Specialist

    Feb 2006 - Jan 2010
• 

  Invesco Ltd.

  Jun 2014 - Oct 2023

  • Oversaw the implementation of security valuation policies, controls, and governance processes across the majority of Invesco global locations. Extensive collaboration and communication with Investment Management, Trading, Legal, Compliance, Fund Accounting, Investment Services, and external vendors.• Actively monitored regulatory changes, emerging industry trends, and market data - providing updates to Fund Boards, Valuation Committees, and auditors. Recommended fair valuations of Russian securities after Russia's invasion of Ukraine. Researched local sanctions and reviewed data from Financial Crimes, Compliance, Legal, Trading, pricing vendors and broker dealers. • Led an SEC 2a-5 working group to identify gaps to be resolved prior to adopting the regulation. Co-authored the new US. valuation policy and desktop procedures in accordance with the SEC 2a-5 rule. Identified and assessed valuation risks and presented fair value testing results to the Fund Board and Valuation Committees in accordance with SEC rule 2a-5. • Performed pricing vendor oversight through due diligence and comprehensive analysis of vendor price quality, utilizing data-driven assessments. Provided recommendations to valuation committees for the most suitable pricing vendor for various asset types. Advocated the adoption of a GAAP-compliant pricing service provider for cryptocurrency. Show less • Managed a team of 16 analysts within the Pricing and Corporate Actions group and performed oversight of valuation and control procedures of Third-Party Administrators (TPA’s) and custodians. • Led multiple projects including selecting and strategizing the global Corporate Actions tool, implementing the Aladdin Corporate Actions dashboard and outsourcing back-office functions for Corporate Actions. Functional lead for the implementation of Eagle STAR. Delegated UAT testing across the team and escalated critical issues to the Prioritization Committee• Selected by Senior Leadership to manage the workflow integration during Oppenheimer funds acquisition including developing integration checklists and participating in due diligence meetings.• Conducted weekly 1:1’s with staff to identify coaching and development opportunities to meet and exceed individual and team performance metrics. Implemented a new-hire training program and developed a career framework, and promotion guidelines for Investment Services. Show less

  • Sr. Pricing Governance Manager

    Mar 2020 - Oct 2023

  • Senior Manager - Pricing & Corporate Actions

    Jun 2014 - Feb 2020
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  Citisoft

  Nov 2023 - now

  Senior Consultant