- Engaged as interim-CEO for the commercial finance subsidiary of a top-ten U.S. bank, during which time accomplished the following in addition to day-to-day executive responsibilities:
- Designed a unique and thoroughly objective profitability-based incentive compensation plan to take into full effect return on risk-adjusted capital requirements associated with the Line of Business’ disparate financing structures, thereby encouraging higher returns while reducing front-end costs
- Devised a methodology to assess the individual financial performances of the Line’s discrete business segments, eliminating one and enhancing another in the process
- Refined certain existing and directed the design of a series of new MIS reports, all brought together to create a new and comprehensive Business Line performance “dashboard” to succinctly display; (i) key sale productivity metrics including success rates cross-referenced by origination channel and transactional specifics such as structure and economics; (ii) broad-ranging portfolio composition and credit performance data for enhanced risk management purposes and, (iii) key financial performance statistics for spot-view and trending purposes
- IRevised impairment testing rationale, policy and process in order to take into effect current economic conditions and peer practices, with due respect given to GAAP and regulatory limitations, resulting in a superior financial result
- Recommended fundamental revisions to the Line’s core business strategy so that it may take advantage of emerging market opportunities while at the same time, more effectively and decisively facilitate existing portfolio concentration, organizational design and parent/sub integration objectives
- Devised and directed the implementation of a redesign of the portfolio management process (loan administration through litigation), that also included changes in reporting lines and leadership personnel, for a $3 billion portfolio of consumer and residential loans
- Recommended organizational, procedural and Credit Risk Management changes to the commercial banking segment, segregating underwriting responsibilities from new business development activities as a regulatory response, and also recommended pricing model and incentive compensation program modifications to improve governance and productivity
- Designed the process flow, recommended personnel placements, reporting structure and facilitated the implementation of a new charge-off recovery management process for defaulted commercial and consumer loan and lease transactions
- Developed a series of consumer and commercial loan portfolio performance analytics used to modify front-end credit underwriting policies and practices
- Designed and facilitated implementation of new consumer and small business loan modification products, along with policies and procedures for use by loss mitigation teams
- Facilitated a regulatory response involving the development and implementation of a project plan for the reorganization and substantial process redesign of the Credit Risk Management function
- Redesigned sales incentive compensation programs for disparate commercial finance subsidiaries that fully aligned individual rewards with corporate objectives by incorporating productivity, profitability and credit performance standards
- Facilitated a regulatory response that involved the development of a corporate-wide credit risk concentration matrix, spanning all consumer and commercial business lines, incorporating limits for value, product type and financing structures counterpoised against business segments and sub-segments (i.e.; consumer v. commercial; middle market v. small business), geography, SIC, collateral type, sponsor group, counterparty risk, etc.
- Critically assessed the core business model, strategic fit and future prospects of a specialty finance subsidiary, facilitating its sale by advising the bank parent and investment bankers on organization and documentation of key performance data
- Facilitated a regulatory response by resolving a commercial finance subsidiary’s outstanding regulatory compliance issues (e.g.; BSA, AML, etc.), which was accomplished without sacrificing the business’s competitive advantage
- Assisted in the development and presentation of unique performance metrics that pertain to commercial and consumer portfolio segments for investor relations management purposes
- Performed forensic analysis of credit and contract underwriting failures and policy disconnects, and facilitated the implementation of corrective measures