Birmingham, Alabama, United States
Chad brings over 25 years of experience in financial services, banking, risk management, regulatory operations, and leadership. Chad Webb joined Addicus in 2019 and serves as Managing Partner. He focuses on providing capital and tax-efficient strategies, investment advisory, and business development solutions to the vast Addicus client and strategic advisors network. Chad specializes in operational risk management, corporate risk governance, regulatory operations, enterprise and strategic risk management, market and liquidity risk management, and model risk management and model validation. Throughout his career, he has demonstrated his expertise in regulatory issues, financial planning, and enterprise and operational risk. Prior to joining Addicus, Chad worked at Regions Bank as their Executive VP, Chief Enterprise Risk Management Officer from 2011 to 2019 where he was responsible for the Enterprise Risk Management process, coordinating Risk Management participation in the capital and strategic planning processes, evaluating new products and services, emerging risks, and overseeing Board and committee reporting. Prior to that role, Chad worked in KPMG LLP’s Financial Services practice as a Senior Manager for over ten years. There, he served a broad range of financial services organizations, with particular focus on large regional banking and financial institutions, real estate companies, and other large publicly traded organizations. Chad is a published author and subject matter specialist. He has co-authored and sponsored various published materials on risk management, risk appetite development and implementation, and the challenges related to model validations in banking. Chad has also presented to numerous financial service organizations on topics such as Risk Management, Regulatory Issues, Enterprise and Operational Risk, and Key Risk Indicators. Chad is a Certified Public Accountant. He earned both a Bachelor and Master’s Degree in Accountancy from the University of Mississippi, where he also studied International Tax and Accounting. He attended the Advanced Executive Leadership Program at Georgia State University and is a graduate of Leadership Memphis. Chad completed the Lean Six Sigma Executive Black Belt Program at Regions Bank. He has completed Principles of Agile Project Management for Banking and Risk Management. Chad resides in Birmingham, Alabama, with his wife Kelly and their four children. Chad can be reached at [email protected] or 662.701.7858.
Head of Addicus Private Client and Addicus Private Equity lines of business. Responsible for leading these two important lines of business for Addicus, a global leader in providing capital and tax efficient strategies to ultra-high net worth and high income individuals and families. We also provide sound investment opportunities in the Private Equity space for our clients. We specialize in Opportunity Zone investments (fund creation and consulting) and many other areas to help provide customized solutions and alternative investments for our clients. Other areas of expertise include: - Income and capital gains tax analysis/planning - Create strategies around asset placement, debt structures, asset protection, trust and corporate structure, etc. - Risk management and insurance - Proactive planning (revenue/income/tax) - Estate planning/design/execution/administration - Retirement planning/consulting - M&A advisory (sell and buy side) - Capital raising - Balance sheet optimization - Partnership formation and balancing - Regulatory navigation
Executive Vice President Chief Enterprise Risk Management Officer Head of Enterprise and Operational Risk Head of Enterprise Risk Testing Head of Enterprise Risk Member of Regions Senior Executive Leadership Team Report Directly to Chief Risk Officer Attended and/or Presented at all Board Risk Committee and Board Audit Committee Meetings Manage Departments with Over 130 associates Senior Executive with Responsibility/Ownership Over the Following Groups/Departments: Credit Review Model Validation Model Risk Management Operational and Compliance Risk Testing Risk, Data and Testing Automation Regulatory Operations (and Regulatory Relations and Correspondence) Operational Risk Management - IT Risk Management - Vendor Risk Management - SOX - RCSA Program - Operational Loss Forecasting - Scenario Analysis Program Market and Liquidity Risk Management - Volker - Living Will - Interest Rate Risk - Balance Sheet Management Capital Risk Management - CCAR - DFAST (Stress Testing) - Strategic Plan Analysis Strategic Risk Management Model Risk Management Model Validation Enterprise Risk Management Corporate Governance Risk and Board Reporting New Initiatives Specific Risk Management Responsibilities Included: Board Risk Appetite Statement and Metrics (Development and Maintenance) Enterprise Risk Assessments and Quantifiable Support Metrics Key Risk Indicators - Development and Maintenance Incentive Compensation - Enterprise and LOB Plan Development, Risk assessments (reported to Board) Capital Planning Member of the following Senior Executive Committees: Operational Risk Committee (Chair), Enterprise Risk Committee, New Initiatives Risk Assessment Committee (Chair), Compliance Risk Committee, Model and Stress Testing Committee (Chair), Capital Planning Committee, Incentive Compensation Oversight Committee, Fraud Executive Committee, SEC Financial Review Committee, Disclosure Review Committee.
• Served seven consecutive years as lead engagement senior manager on a $40 billion financial institution (SEC registrant traded on NYSE) with significant operations in commercial/retail banking, mortgage banking, capital markets (institutional, retail, and investment banking) trust, and insurance services. Also, the lead engagement senior manager on a public REIT (SEC registrant traded on NYSE) and a large international orthopedic device manufacturer (SEC registrant traded on NASDAQ). • Significant experience in all sorts of capital raising transactions, • Managed multiple concurrent engagements, supervised engagement teams of four to thirty team-members and managed in excess of 30,000 staff hours annually. Served as primary contact between engagement teams, senior executive management, and audit committees or boards of publicly traded clients. • Acquired extensive SEC reporting experience, including review of reports on Forms 10-Q and 10-K, as well as S-1, S-3, S-4 and S-8 Registration Statements. Also provided clients with direct assistance in responding to SEC letters of inquiry. • Demonstrated expertise with SOX, Internal Controls, PCAOB inspections, Peer Reviews and QP reviews (internal quality assurance). • Successful in business development, growing the practice and engaging the "right clients" for the Firm (appropriate risk profile and fee structures). Demonstrated/consistent results in fee negotiations and contract realization and ability to effectively manage engagement contracts in acceptable fashion (annual growth in RPH - both billed and realized, realization/ERP). Keenly focused on appropriate balance - achieving desired financial metrics for the Firm in overall engagement billings and realization, maintaining personal changeability metrics to a level that was consistently in the top of peer group, and NEVER sacrificing Audit Quality (validated through various PCAOB Inspections, Peer Reviews, and Internal QP reviews).