West Orange, New Jersey, United States
Experienced Vice President of Credit with a demonstrated history of working in the financial services industry. Strong finance professional skilled in Asset Management, Securities, Trading, Financial Risk, and Risk Management.
• Provide credit risk profiles on our domestic and international client base, consisting of high net and ultra high net worth individuals, and privately owned investment entities with a minimum net worth of $10 Million. • Product offerings include purpose/non-purpose loans, real estate financing, listed derivatives, yacht financing, jet financing • Draft procedures for credit analysis • Draft/enhance credit policy • Work alongside our attorneys in the drafting of legal documentation for the launching of our residential mortgage business. • Work alongside our compliance officers to define key information for credit analysis. • Conduct UAT testing of the SG proprietary risk/margin monitoring system “PRISM”. • Participate in the configuration of SG’s proprietary electronic credit application “Credit Workflow”. Accomplishments • Authored the White Paper: “Private Banking Opportunities within the U.S. Real Estate Market”, resulting in a $300 Million approval to launch residential mortgage business. • Created procedures for the electronic credit application tool “Credit Workflow”, inclusive of authoring a user friendly step-by-step manual focused on the input of salient data into the tool. The manual is being used to instruct new-comers in the utilization of the tool. • Wrote procedures for our residential real estate business covering: Real Estate Appraisers, Title Search, Title Insurance, Home Owner’s /Other Insurances and Real Estate Taxes. • Interviewed / vetted real estate professionals to select qualified appraisers, title insurance companies and loan servicing agents. • Interviewed / vetted candidates for custodial bank services.
Associate Director – Credit Officer Prepared UBS Wealth Management credit risk profiles of client base portfolios encompassing large and structured securities, margin/purpose loans, ETD options, futures, (all products – financials, metals, grains, energy, etc), FX Spot, FX Forward and Repo transactions. (All FX Forward and Precious Metals trading was done under an ISDA Agreement). • International and domestic client base included high and ultra-high net worth clients, privately owned investment entities, and high-net worth institutional clients. Institutional clients included Publicly Traded Entities, Investment Managers, Municipalities, and Hedge Funds. • Vetted clients for suitability prior to on boarding - based on trading strategy, experience and financial viability. • Credit authority/risk limit approval up to $5MM. • All credit risk profiles included recommendations for monitoring and all other pertinent conditions (e.g. legal, operational, and security/collateral based) to be established. • Analysis for all entities included a review of various credit reports (Lexis Nexis, Dun & Bradstreet, TransUnion, and Experian). • Prepared daily management reports that specified large concentrated loans, loans involving illiquid securities, loans supported by low priced securities, and all large uncovered (“naked”) option exposures. • Analyzed portfolio closing date positions to obtain collateral from accounts that may have potential loss and risk exposure to the firm. Document positions for management reporting. • Ensured that all clients trading under an ISDA Agreement were in compliance and in the event of non-compliance conferred with the financial advisor on best way to remedy.
Oversaw both NY and Chicago Locals trading clients and supervised team of three Margin Analysts. Reported on-site in Chicago monthly to meet local trading branch representatives and ensure traders adhered to established risk parameters. • Oversaw credit and risk exposures of over 4,500 Trading Professionals to ensure continued integrity of established trading parameters. • Vetted clients for suitability and pre-approved trades prior to execution. • Analyzed counterparties including Broker Dealers, Insurance Companies, Investment Managers, Hedge Funds, and Trading Professionals. Wrote credit and risk profiles for counterparties’ trading fixed income, futures, and options. • Established electronic trading limits for global customer base. • Prior to overseeing the NY and Chicago locals, monitored the credit and risk exposures of our Latin American clients, largely sugar traders, to ensure they adhered to established credit /risk parameters. • Secured $10MM in financing for 65 trading professionals, generating over $500,000 in interest income. • Created monthly report detailing customer credit line utilization and profitability; used by Senior Management as a means to control capital resources. • Completed a multi-day ISDA Documentation course and subsequently was made the lead analyst for the Energy Desk whose counterparties were required to trade under an ISDA Agreement.