New York, New York, United States
Ted Kronmiller is a capital markets and climate finance professional who manages strategies to drive value creation with high green impact in developed and emerging markets spanning the United States, European Union, Nordic Council, CEEC and BSEC. He develops scenario-based climate-risk management practices at top international financial institutions as a means of identifying, reporting and managing climate-related financial risk. Experience includes dynamically integrating climate and environmental factors into real estate finance products-sets to support the financing of eco-efficient, energy performant and green real estate acquisition, development, construction and operation. Diverse and global experience managing cross-functional, multi-disciplinary teams and designing strategic risk management frameworks spanning investment banks, commercial banks, asset managers, hedge funds, pure play buy-out firms and institutional broker-dealers. Co-authored research assessing impact of domestic and international risk-based capital adequacy standards, fair-value measurement and counterparty credit risk across top financial institutions. Broad perspective of macro-level industry landscape, global geopolitical dynamics, regulatory environment and leading practices in sustainable finance.
-Develop strategies to drive value creation with high green impact in developed and emerging markets spanning the European Union, Eurozone, Nordic Council, CEEC and BSEC. Design and execute initiatives to green the real estate and financial sector at a systemic level through developing coordinated and complementary product, portfolio, firm-wide and cross-sector sustainability solutions. -Implement low carbon intensity real estate finance programs for 25+ banks, spanning 17 countries, encompassing 10+ property sectors and 20+ real estate finance product-sets spanning environmentally sustainable commercial and residential mortgages; sustainability-linked loans, bonds and credit facilities; and sustainable RMBS, CMBS, Pfandbriefs and Sukuks. -Design transaction structures aligned with the EU Taxonomy, EU Green Bond Standard, Network for Greening the Financial System Environmental Risk and Climate Scenario Analysis Guidance as well as European Central Bank (‘ECB’), European Banking Authority (‘EBA’) and European Securities and Markets Authority (ESMA) regulatory initiatives. -Perform Climate Value-at-Risk (‘VaR’) analysis to estimate the potential valuation impact on real estate portfolios attributable to the future expected costs of carbon-emission reduction. -Develop scenario-based climate-risk management practices as a means of identifying, reporting and managing transition and physical climate-related risk across the European banking sector. Leverage insight for financial Institutions to improve their climate and environmental risk management practices.
Develop, manage and orchestrate high-impact initiatives and campaigns in the healthcare and professional sectors to support research initiatives to cure leukemia, lymphoma, Hodgkin’s disease and myeloma and to improve the quality of life of our patients and their families
Develop risk identification, scenario generation, stress testing capabilities in coordination with Front Office, Economic Research, Quantitative Analytics, Risk, Finance and Treasury for CCAR, Basel III, Risk Appetite and Internal Capital Adequacy Analysis. -Market Risk: Assess Market Risk RWA projections against market factors (Equity Indices, Implied Volatilities, Bond Yields, OAS Spreads), portfolio composition, counterparty mix, collateral haircuts and netting assumptions. uting credit risk measures (PD, LGD, EAD, RWA). Assess impact on post-stress pro forma capital ratios, losses, revenues and RWAs. Risk Identification: review portfolio and asset class risk profiles across Equity, Credit and Macro; identify idiosyncratic vulnerabilities; assess material risk exposure of 200+ individual vulnerabilities; determine sensitivity to specific risk factors, impact on core business performance drivers (Volumes, Margins, Funding Rates) and IHC solvency (PPNR, RWA, CET1, SLR). -US Equity Syndicate & Block Distribution: assess exposure from single name, committed transactions, capturing impact of residual positions and related sector ETF hedges. -US Equity Liquid Markets: assess exposure from cash, flow derivatives, convertibles and AVT businesses and identify exposure related to market dislocations, sector correlations, rotations and concentrations. Assess impact of ‘mismatches’ in Greeks across legal entities. -Macro: assist in the review of eFICC, FI Rates, Fx, Commodities & Strategic Transactions. Drive analysis and identify exposure related to Non-Linear Risk (inventory related to client curve play strategies, Basis Risk, Pass-Thru/TBA Risk and CCP Default. -Emerging Risk Oversight: drive analysis of emerging risks with bi-weekly briefings on macro themes, market conditions and idiosyncratic risks.