Eric Wai Ho Fung
Flat E, Floor 46, Tower 7, Ocean Pride, 100 Tai Ho Road, Tsuen Wan, Hong Kong
Summary
15+ years of successful experiences within the financial and banking industry with most recent role as an Assistant Vice President of Treasury Markets Operations. Knowledgeable in fixed income operation, collateral management, payment operation, FX Interbank and cash management. Clear and courteous communicator with positive and upbeat nature. Effective in processing both routine and urgent requests. Works quickly and within established guidelines. Offering vast knowledge of banking regulations and compliance procedures. Dedicated to maintaining professionalism and integrity.
Overview
16
16
years of professional experience
Work History
Assistant Vice President (Team Lead)
Citibank - Treasury Operations
06.2023 - Current
- Proactive engagement with Hong Kong country and APAC regional stakeholders (Business, Technology, Finance/PCG, Operations) inorder to support the business and clients trading in Markets products of
- Foreign Exchange, Money Markets and Fixed Income.
- Perform daily reconciliation, investigate, and resolve breaks.
- Ensure the accuracy and correctness of End of Day (EOD) tasks.
- Handle ad-hoc enquiries from stakeholders.
- Working closely with Operations Control on developing and adheringto an effective control framework that fully meets Audit, Compliance and Regulatory requirements; delivery of periodic presentations to externalregulators as required.
- Involvement in shaping/building standardized and sustainable operational workflow and service standards.
- Drive and implement sustainable processes, automation/migration initiatives, and standard adherence to policies.
- Achievements: Successfully migrated the FX Operation to a new trade processing platform with 70% increase in STP trade flow.
Fixed Income - Associate
Hang Seng Bank Global Banking And Markets
06.2021 - 06.2023
- Supervise in handling post-trade processing of Fixed Income products and perform life cycle management / settlement .
- Oversee daily operations to ensure compliance with internal and related regulatory requirements.
- Provide support on projects / systems implementation, workflow design, and process re-engineering in supporting Global Markets Operations
- Work closely with various stakeholders including business users, IT departments, legal and compliance to ensure effective operations
- Achievements: Designed and implemented STP workflow for collateral settlement.
- Achievements: Designed and formulated more efficient way to calculate monthly transaction fees across desks.
Fixed Income - Associate
HSBC Global Banking And Markets
02.2018 - 06.2021
- Manage depot bonds realignment to ensure custodians have sufficient securities for settlement and margin coverage.
- Supervise release of daily Swift Messages such as MT103,MT202, MT540-MT543, MT527, MT599, and bond connect, house transfers, FPS, tender offers in eCMT.
- Manage securities lending and borrowing.
- Manage reconciliation in stock and cash breaks.
- Ensure all initial margin instructions to various triparty agents are settled on time and all potential failed trades are followed up promptly.
- Monitor funding requirements in Euroclear/domestic markets and arrange fund transfer between settlement accounts with treasury team as per markets cut off time avoiding any overdraft.
- Manage new issues (syndicated and non-syndicated closing) in CMU and Euroclear with issuing/paying agents and business teams in new issuing settlement.
- Manage and issue Buy-Ins on fail trades settlement.
- Coordinate new business initiatives.
- Achievements: Designed a cost saving bond realignment tool that will keep all long positions across desks to sit in domestic market.
- Achievements: Designed a tool to track all borrowing positions with recalls from Euroclear to avoid buy-in cost.
Settlement Department - Senior Officer
HONG KONG MONETARY AUTHORITY
08.2016 - 12.2017
- Oversee cash and securities reconciliation process and compile MIS reports.
- Assist in new operations set up and formulation of procedures for new products/markets/initiatives.
- Provide support in settlement related system maintenance and migration including preparation of user requirements, validation of functional specification, formulation of UAT test script/expected results and incident reporting.
- Assist in reviewing and updating business continuity plans to provide uninterrupted settlement support under contingent situations.
- Undertake incident investigation and ad hoc operation assignments
- Achievements: Formulate new matching rules in reconciliation system to enhance daily auto matching and drastically decrease manual error.
- Achievements: Design a test plan for settlement system migration and was successfully launched.
Income Department - Operation Analyst
EUROCLEAR BANK
03.2013 - 08.2016
- Pro-actively research and collect information for Income & Redemption events on debt instruments on the market.
- Ensure timely and accurate treatment (analysis and transformation) of the fixed Income events.
- Build and maintain good relationships with depositories/Agents and with internal stakeholders (Commercial, Corporate actions, New issue, Tax, Clients services, etc.).
- Answering and providing prompt solutions to solve client inquiries.
- Develop a profound knowledge on products and market specifics.
- To undertake projects supporting new business initiatives and requirements.
- Achievements: Created a checklist to test for an effective business contingency plan to work from home and was successfully launched.
- Achievements: Implemented a bi-weekly cross team meeting with client service department to improve the turnaround time for clients enquiries by narrowing the knowledge gap between CS and Income team.
Payment Operations - Senior Officer
BNP PARIBAS WEALTH MANAGEMENT
07.2011 - 02.2013
- To perform pre-operational checks for Corporate Actions & Payment transactions.
- To participate in ad hoc assignments and support in User Acceptance Test.
- To handle general inquiries from RM and promptly provide solutions.
- To perform manual confirmations for FX transactions, inward cheque clearing processing, arranging weekly cheque book dispatch reconciliation with Section Head.
- Contribute to the implementation of operational control policies and procedures in day-to-day business activities.
- Contribute to the reporting of all incidents according to the Incident Management.
- Perform daily reconciliation and make adjustment entries accurately and timely.
Cash and Payment - Project Officer
ANZ (HK)
07.2010 - 07.2011
- Review and make amendments on procedure manuals for Cash and Payment Operation team.
- Investigate on remittance error in details/format.
- Understand the overall functionality of the payment system and identify problems/errors.
- Conduct and support in User Acceptance Test.
- Liaise with Information Technology Department to resolve system problems for daily operations.
Cash Management - Operation Officer
HSBC Securities Services
07.2008 - 07.2010
- Monitor risk involvement in overdraft issues within the Global Custody.
- Draft the procedure manual for the cash management team.
- Prepare funding and place FX/Deposit orders properly, accurately and under authorization.
- Perform inward and outward remittance through SWIFT/RTGS.
- Perform daily reconciliation properly and make adjustment entries accurately and timely.
- Liaise with clients timely and accurately regarding Funding, Overdrawn, Deposit, Corporate Actions, and FX rates issues.
- Liaise with treasury and MM desk on daily FX exchange/overnight deposit rates.
Education
Master of Science - International Business & Management
DeMontfort University
Leicester City09.2012
Bachelor of Commerce - Economics
McMaster University
Ontario05.2006
High School Diploma -
Canadian International School of Hong Kong
08.2002
Skills
- MS Word, MS Excel, MS PowerPoint
- SWIFT/RTGS
- ECMT/CMU
- Bloomberg
- Calypso
- Cash management
- Migration
- Euroclear - Easyway
- JP Morgan Market
- BONY Nexen / Next accessedge
- Austraclear EXIGO
- Clearstream - Creation Online
Timeline
Assistant Vice President (Team Lead)
Citibank - Treasury Operations
06.2023 - Current
Fixed Income - Associate
Hang Seng Bank Global Banking And Markets
06.2021 - 06.2023
Fixed Income - Associate
HSBC Global Banking And Markets
02.2018 - 06.2021
Settlement Department - Senior Officer
HONG KONG MONETARY AUTHORITY
08.2016 - 12.2017
Income Department - Operation Analyst
EUROCLEAR BANK
03.2013 - 08.2016
Payment Operations - Senior Officer
BNP PARIBAS WEALTH MANAGEMENT
07.2011 - 02.2013
Cash and Payment - Project Officer
ANZ (HK)
07.2010 - 07.2011
Cash Management - Operation Officer
HSBC Securities Services
07.2008 - 07.2010
Master of Science - International Business & Management
DeMontfort University
Bachelor of Commerce - Economics
McMaster University
High School Diploma -
Canadian International School of Hong Kong
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