Emerson Marques Da Silva, CFA, CAIA

Experience

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  Banco SRL

  Mar 2000 - Dec 2003

  Risk Management Analyst

  Banco SRL was a small investment bank that was sold to American Express. Its name changed to Inter American Express S.A.I worked as a Risk Analyst with focus in market risk and financial modelling from Mar-2001 to Dec-2003.Main activities:• Risk calculations: VaR, stress tests, stop loss, leverage, liquidity and financial simulations;• Financial modelling: interest rates, fixed income, options and derivatives;• Developed spreadsheets and VBA macros in Excel for risk calculations.I was a intern of the Economic department from May-2000 to Mar-2001, and my activities were prepare reports and presentations of economic analysis to top management of the bank. Show less

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  Quantix Investimentos

  Jan 2004 - Oct 2007

  Risk Manager

  Quantix Investimentos was a small alternative asset management focused on Hedge Funds.As a Risk Manager my focus was in market, liquidity risk and derivatives.Achievements: I developed a real-time system to manage funds in Excel and VBA.Main activities:• Market risk analysis to support investment decisions;• Control of portfolio risk limits and report to portfolio managers;• Portfolio risk analysis, financial simulations and financial modelling.As a Middle Officer my focus was the valuation of the funds (NAV), performance attribution and the control of portfolio exposures.As a Controller my focus was the control and financial planning of the firm. The main activity was to present income and financial planning in the monthly committee with the partners. Show less

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  Kinea Investimentos

  Nov 2007 - Aug 2008

  Middle Officer

  As a Middle Officer my focus was control of portfolio exposures and performance attribution.Achievements:• Implemented the performance attribution and control for funds of the Asset Management.Main activities:• Valuation of the funds (NAV), performance attribution and control of portfolio exposures;• Meetings and conference calls with custodians, prime brokers, NAV calculators, lawyers and directors of the offshore portfolios;• Development of spreadsheets and VBA macros in Excel to control the assets and derivatives. Show less

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  Kinea Investimentos

  Oct 2008 - Mar 2016

  Kinea Investimentos is an alternative asset management, a subsidiary of the Itaú Group focused on Hedge Funds, Real Estate Funds and Private Equity Investments.As a Risk Manager my focus was in market, liquidity and credit risk, derivatives, financial modelling and investment compliance of the portfolios.Achievements:• Introduced quantitative risk analysis in investment committees;• Implemented a risk system for all hedge funds.Main activities:• Discussions with portfolio managers to increase or decrease the portfolio risk;• Member of investment credit committees to approve bond acquisitions;• Participation in committees to approve credit limits;• Weekly full risk analysis presentations to support decision of the investment committee;• Control of portfolio risk limits and report to portfolio managers and top management;• Management of a team responsible for risk management and middle office. Show less Equity Buy Side Associate with focus in Equity Fund.Achievements:• Developed a standard valuation model for equity research.Main Activities:• Discussions with portfolio managers to buy or sell company stocks;• Weekly presentations to committee to support the investment decision in specific companies;• Meetings with industry associations, consulting companies and equity research analysts;• Special focus on sectors: consumer, retail, aviation and agricultural commodities;• Valuation analysis (DCF, exit multiple and comparable companies and acquisition multiples);• Full analysis presentations of the case (industry, competition, growth strategy, scenarios and business due diligence based on public information and management interviews). Show less

  • Risk Manager

    Apr 2010 - Mar 2016

  • Equity Research

    Oct 2008 - Mar 2010
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  Ethica Asset Management

  Jan 2018 - Jul 2019

  Risk and Compliance Manager

  Ethica Asset Management is a small alternative asset management focused on Hedge FundsPartner, Director of Risk and Compliance – Focus in market and liquidity risk, derivatives, financial modelling, compliance, risk and investment policies• Proposition to portfolio managers to increase or decrease the portfolio risk, and control risk limits;• Weekly full risk analysis presentations to support decision of the investment committee;• Management of a team responsible for risk management, middle office and compliance; Show less

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  Macro Capital

  Aug 2019 - Dec 2021

  Macro Capital Investment Management is a small alternative asset management focused on Hedge FundsPartner and Offshore Portfolio Manager• Trading, positioning and asset management of the offshore portfolio including Government bonds, FX and equity markets (US and Europe) Partner and Chief Risk Officer – Focus in market and liquidity risk, derivatives and financial modelling• Proposition to portfolio managers to increase or decrease the portfolio risk, and control risk limits;• Weekly full risk analysis presentations to support decision of the investment committee;

  • Offshore Portfolio Manager

    Jan 2021 - Dec 2021

  • Chief Risk Officer (CRO)

    Aug 2019 - Dec 2020
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  J&F Investimentos S.A

  Jan 2022 - now

  Business Manager and Professor

  Instituto J&F (Germinare)Focus on education: • Investment• Risk• Economics

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  PicPay

  Aug 2022 - Nov 2022

  Treasury Manager (Asset and Liabilities)

  PicPay Bank is a company of the holding J&F Investimentos• Treasury Manager (Assets and Liabilities) of the bank

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  Laguz Opportunities

  Dec 2022 - now

  Portfolio Manager

  Laguz is a company of the holding J&F Investimentos and it is focused on Special Situations Funds.The fund buys legal cases against public entities of the Brazilian federation.Focus on Portfolio Management: • Investment• Risk• Special Situation• Valution of precatórios