Everett Advisory Partners focuses on providing strategic advisory services to community and regional banks. They have over 200 years of combined banking experience and specialize in areas like credit risk management, regulatory compliance, strategic planning, and mergers and acquisitions. They take a problem-solving approach using their industry expertise to develop and execute client strategies. Their services include management evaluations, balance sheet restructurings, profitability enhancements, and capital raising assistance.
Matthew Stasior has over 25 years of experience in business development, financial services, and project management. He has held executive roles at several top financial institutions and consulting firms. Stasior has expertise in areas such as strategic planning, credit analysis, risk management, and regulatory compliance. He has led many successful projects focused on operational improvement, system implementations, and building high-performing teams.
ALLL Methodology: How to Justify and Document Your Q FactorsLibby Bierman
This document summarizes a presentation by Ancin Cooley on estimating an institution's Allowance for Loan and Leases (ALLL). It discusses key aspects of qualitative factors (Q-Factors) used in the ALLL methodology, including regulatory expectations around documentation. It provides tips for improving documentation of Q-Factors, such as ensuring directional consistency and using available data to support changes. The presentation emphasizes sound judgment, management oversight, and maintaining reasonable documentation to support the ALLL analysis and factor impacts.
This document provides an overview of the credit process at banks, outlining the key components and objectives. It discusses the importance of thoroughly analyzing the creditworthiness of borrowers by evaluating their industry, financial condition, management quality, and security. The credit initiation and analysis process is described as beginning with screening prospective customers, collecting data, analyzing risks, and structuring proposed credit facilities to minimize losses while maximizing profit. Key factors to consider include industry dynamics, the borrower's financial statements, management competence and reputation, and collateral liquidation value. A strong credit process focuses on understanding these credit foundations to determine repayment ability and risk.
Risk Rating Improvements for the ALLL in Banks and Credit UnionsLibby Bierman
Risk Ratings will play a pivotal role under CECL at banks and credit unions. In this presentation, find out how to improve risk rating systems, including PD/LGD or Probability of Default as well as internal matrices.
This document discusses non-performing assets (NPAs) in the Indian banking sector. It defines NPAs as loans that are overdue for over 90 days. Growing NPAs negatively impact banks' profitability, asset quality, and ability to lend. The document analyzes NPA growth rates between 2000-2011 and the effects of high NPAs, which include reduced returns, higher costs of capital, and banks focusing more on recovery than expanding business. It also discusses strategies for managing NPAs, like quick identification, containment, and timely monitoring and assessment of borrowers.
Building Blocks for Loan Portfolio Stress TestingLibby Bierman
Banks and credit unions that perform loan portfolio stress tests likely have a better understanding of credit risk that may reside in the portfolio within different concentrations. In this presentation, find out how to begin stress testing loans and the portfolio.
Matthew Stasior has over 25 years of experience in business development, financial services, and project management. He has held executive roles at several top financial institutions and consulting firms. Stasior has expertise in areas such as strategic planning, credit analysis, risk management, and regulatory compliance. He has led many successful projects focused on operational improvement, system implementations, and building high-performing teams.
ALLL Methodology: How to Justify and Document Your Q FactorsLibby Bierman
This document summarizes a presentation by Ancin Cooley on estimating an institution's Allowance for Loan and Leases (ALLL). It discusses key aspects of qualitative factors (Q-Factors) used in the ALLL methodology, including regulatory expectations around documentation. It provides tips for improving documentation of Q-Factors, such as ensuring directional consistency and using available data to support changes. The presentation emphasizes sound judgment, management oversight, and maintaining reasonable documentation to support the ALLL analysis and factor impacts.
This document provides an overview of the credit process at banks, outlining the key components and objectives. It discusses the importance of thoroughly analyzing the creditworthiness of borrowers by evaluating their industry, financial condition, management quality, and security. The credit initiation and analysis process is described as beginning with screening prospective customers, collecting data, analyzing risks, and structuring proposed credit facilities to minimize losses while maximizing profit. Key factors to consider include industry dynamics, the borrower's financial statements, management competence and reputation, and collateral liquidation value. A strong credit process focuses on understanding these credit foundations to determine repayment ability and risk.
Risk Rating Improvements for the ALLL in Banks and Credit UnionsLibby Bierman
Risk Ratings will play a pivotal role under CECL at banks and credit unions. In this presentation, find out how to improve risk rating systems, including PD/LGD or Probability of Default as well as internal matrices.
This document discusses non-performing assets (NPAs) in the Indian banking sector. It defines NPAs as loans that are overdue for over 90 days. Growing NPAs negatively impact banks' profitability, asset quality, and ability to lend. The document analyzes NPA growth rates between 2000-2011 and the effects of high NPAs, which include reduced returns, higher costs of capital, and banks focusing more on recovery than expanding business. It also discusses strategies for managing NPAs, like quick identification, containment, and timely monitoring and assessment of borrowers.
Building Blocks for Loan Portfolio Stress TestingLibby Bierman
Banks and credit unions that perform loan portfolio stress tests likely have a better understanding of credit risk that may reside in the portfolio within different concentrations. In this presentation, find out how to begin stress testing loans and the portfolio.
Syed Arif Raza has over 25 years of experience in finance, credit, risk management, and collections. He has held leadership positions at Standard Chartered Bank, Grays Leasing Ltd, PIC Leasing, First General Leasing Modaraba, and NDLC-IFC Bank Ltd. Raza has an MBA with a major in accounting and is a Certified Public Accountant and Certified Skill Assessor. He has extensive experience developing credit policies, managing portfolios, and reducing loan losses and bad debts.
The document discusses developing a uniform credit rating system for small and medium enterprises (SMEs) in order to improve their access to financing. It notes that SMEs often fail due to financial reasons and poor management. Currently, banks evaluate SMEs differently without a standardized approach. The document proposes creating an SME Credit Rating system that would develop uniform rating parameters and a process to assess SMEs. This would provide a more comprehensive and reliable evaluation of SMEs for financiers, improve data on SME performance, and increase SME access to more affordable credit.
Richard J. Roberts has over 15 years of experience in financial services, specializing in risk mitigation and loss prevention. He has consistently excelled in leadership roles at Capital One, where he has served as an originations underwriter, loss mitigation underwriter, loan counselor, and bankruptcy associate. Roberts has a track record of managing large portfolios, maintaining low defect rates, and achieving performance goals. He holds degrees in management information systems and English.
This document is a resume for Syed Arif Raza, who has over 30 years of experience in finance, credit, risk management, and collection roles. He has held leadership positions at Standard Chartered Bank, Grays Leasing Ltd, PIC Leasing, and First General Leasing Modaraba. His experience includes credit approval, portfolio management, strategy development, and reducing bad debt. He has an MBA with a major in accounting and is a certified public accountant and certified skills assessor.
The document discusses Capital Financial Solutions' (CFS) expertise that could help Freddie Mac address quality control issues. CFS offers strategic consulting services utilizing decades of mortgage industry experience. CFS experts can perform quality control file reviews, loss mitigation programs, and technology solutions to help optimize Freddie Mac's operations and minimize losses. The document also provides an example model for how CFS could help triage and resolve issues with Freddie Mac servicers.
This document summarizes the agenda for a seminar on small business credit risk. It discusses recent events affecting credit markets and lenders. It also outlines factors small businesses should consider, such as ensuring sound financial foundations. The document provides an overview of credit assessment tools and partnerships that can help small businesses manage risk. It analyzes current economic conditions and their potential impacts on small business lending.
The document discusses various challenges related to small and medium enterprise (SME) funding in South Africa. It notes that access to financing is critical for entrepreneurial success but less than 10% of applicants actually receive funding. It also outlines challenges experienced by SMEs, business development service (BDS) providers, and funders. Some of the key issues mentioned are lack of awareness of funding options, onerous funder requirements, long turnaround times, and lack of business and financial skills among SME clients. Potential solutions proposed include better cooperation between BDS providers, funders, and SMEs as well as financial education and training for entrepreneurs.
The document discusses automating the corporate credit approval process. It describes how the current process is inefficient, involving multiple disparate systems and high operational costs. An automated solution is proposed to streamline the process, improve visibility and control, expedite loan applications, and ensure compliance. The key benefits of the solution include faster credit availability, reduced risks and costs, and an enhanced customer experience.
This document summarizes a webinar presented by Mike Lubansky on stress testing loan portfolios. The webinar covered regulatory requirements for stress testing, the objective and importance of stress testing, different types of stress testing approaches for community banks, challenges with data collection, scenario selection, and maximizing the value of stress test reports. Sample stress test outputs were presented and common mistakes were discussed. The webinar provided an overview of effective stress testing practices for community banks.
This document summarizes a presentation made by CA Smita Rajpurkar on rating concepts and methodologies at CARE. It discusses CARE's key business lines of ratings for corporates, financial sectors, public finance and infrastructure. It then outlines CARE's rating process, key risk factors considered, and approach to ratings surveillance. The document also provides details on CARE's rating scale and committee, and concludes with highlights of key rating factors for construction, roads and real estate sectors.
Measuring Financial Performance Based on Camels Ratingnazmus sakib
This document is a thesis paper submitted by Md. Nazmus Sakib to Dr. Md. Rafiqul Islam in partial fulfillment of an MBA degree from the University of Dhaka. The thesis analyzes the financial performance of five selected commercial banks in Bangladesh based on their CAMELS ratings. It includes an introduction, literature review, theoretical framework of CAMELS ratings, profiles of the selected banks, data analysis and interpretation of CAMELS components, findings and recommendations. The objective is to measure the financial soundness and predict risks of commercial banks using the CAMELS rating system.
The document discusses the various roles involved in managing a retirement fund, including administrators, actuaries, benefit consultants, investment consultants, investment managers, insurers, and auditors. It notes that the board of trustees is fully responsible for appointing these roles and overseeing the fund. However, given the complexity of funds, legislation, and investment options, an independent consultant is needed to coordinate activities, provide unbiased advice to the board, simplify choices, and guide the fund in line with best practices and legislation. The independent consultant plays an important role in navigating conflicts of interest and complexity without being controlled by other stakeholders.
401(k) Advisors service model starts with a Fiduciary Fitness program, Including a Fiduciary Investment and plan review and providor benchmarking analysis. Our RFP and provider search process is second to none where we gather over 300 data points on each provider and provide a detailed breakdown of Fees, Fund performance, and service. Our propriatery investment scorecard system takes in to account, Investment style, risk, peer group ranking, and qualitative analysis to help plan sponsors provide the necessary investment due dilligence to satisfy their fiduciary compliance obligations.
credit rating.
factors for successful credit rating.
examples of credit rating agencies ... etc.
exclusively for students pursuing company secretary course.
This document outlines a unit standard for managing credit policies and procedures. It contains three elements: developing a credit policy, implementing and managing credit policies, and assessing and reviewing credit policies. Performance criteria are provided for each element. The document also provides context regarding the level, credits, purpose, and comments for the unit standard.
Qualitative Risk Factors: How to Add Objectivity to an Otherwise Subjective Taskvimster
These qualitative adjustments are a challenge because they are inherently subjective in nature. The 2006 Interagency Policy Statement on the ALLL provides little direction on how these determinations should be made, advising only that “management should consider those current qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the group's historical loss experience.” It further vaguely explains that these determinations are to be “based on a comprehensive, well-documented and consistently applied analysis of its loan portfolio.”
Capital Adequacy Stress Tests: Pre-Provision Net Revenue and Scenario DesignCRISIL Limited
The document provides details about a web conference on capital adequacy stress tests with a focus on pre-provision net revenue (PPNR) modeling and scenario design. It includes dial-in details for participants to join the audio portion of the web conference, which will be presented by Joshua Hancher from CRISIL Global Research & Analytics. The agenda covers PPNR modeling components like balance sheet projections, net interest income, noninterest income and expenses. It also discusses scenario development and case studies from CRISIL GR&A on commercial loan forecasts and fair value of loans held-for-sale.
This document discusses managing risks associated with third party relationships. It begins by highlighting media stories about issues with government outsourcing contracts, such as overbilling. A survey found that reducing costs is the top business driver for using third parties. The document then examines case studies of the Australian Department of Defense's Air Warfare Destroyer project and Collins Class submarines, which experienced delays, cost overruns, and replacement of contractors due to third party issues. It concludes by outlining a framework for initiating, formalizing, performing, and monitoring third party relationships to better manage associated risks.
Verittas Risk Advisors, Inc - Overview of CapabilitiesGeorge Mark
Verittas Risk Advisors creates authentic business partnerships with financial institutions. The close working relationship between you and Verittas brings you industry expertise, hands-on experience of current financial services practice, and intimate ‘best practice’ knowledge.
Directors of financial institutions have three main responsibilities in a downturn economy:
1) Closely monitor key financial indicators like capital adequacy, loan quality, and performance compared to peers.
2) Respond promptly to regulatory warnings by reviewing issues raised and documenting board discussions and decisions.
3) Focus on credit underwriting standards, concentrations of credit, and ensuring policies address compliance with laws on areas like insider loans.
Syed Arif Raza has over 25 years of experience in finance, credit, risk management, and collections. He has held leadership positions at Standard Chartered Bank, Grays Leasing Ltd, PIC Leasing, First General Leasing Modaraba, and NDLC-IFC Bank Ltd. Raza has an MBA with a major in accounting and is a Certified Public Accountant and Certified Skill Assessor. He has extensive experience developing credit policies, managing portfolios, and reducing loan losses and bad debts.
The document discusses developing a uniform credit rating system for small and medium enterprises (SMEs) in order to improve their access to financing. It notes that SMEs often fail due to financial reasons and poor management. Currently, banks evaluate SMEs differently without a standardized approach. The document proposes creating an SME Credit Rating system that would develop uniform rating parameters and a process to assess SMEs. This would provide a more comprehensive and reliable evaluation of SMEs for financiers, improve data on SME performance, and increase SME access to more affordable credit.
Richard J. Roberts has over 15 years of experience in financial services, specializing in risk mitigation and loss prevention. He has consistently excelled in leadership roles at Capital One, where he has served as an originations underwriter, loss mitigation underwriter, loan counselor, and bankruptcy associate. Roberts has a track record of managing large portfolios, maintaining low defect rates, and achieving performance goals. He holds degrees in management information systems and English.
This document is a resume for Syed Arif Raza, who has over 30 years of experience in finance, credit, risk management, and collection roles. He has held leadership positions at Standard Chartered Bank, Grays Leasing Ltd, PIC Leasing, and First General Leasing Modaraba. His experience includes credit approval, portfolio management, strategy development, and reducing bad debt. He has an MBA with a major in accounting and is a certified public accountant and certified skills assessor.
The document discusses Capital Financial Solutions' (CFS) expertise that could help Freddie Mac address quality control issues. CFS offers strategic consulting services utilizing decades of mortgage industry experience. CFS experts can perform quality control file reviews, loss mitigation programs, and technology solutions to help optimize Freddie Mac's operations and minimize losses. The document also provides an example model for how CFS could help triage and resolve issues with Freddie Mac servicers.
This document summarizes the agenda for a seminar on small business credit risk. It discusses recent events affecting credit markets and lenders. It also outlines factors small businesses should consider, such as ensuring sound financial foundations. The document provides an overview of credit assessment tools and partnerships that can help small businesses manage risk. It analyzes current economic conditions and their potential impacts on small business lending.
The document discusses various challenges related to small and medium enterprise (SME) funding in South Africa. It notes that access to financing is critical for entrepreneurial success but less than 10% of applicants actually receive funding. It also outlines challenges experienced by SMEs, business development service (BDS) providers, and funders. Some of the key issues mentioned are lack of awareness of funding options, onerous funder requirements, long turnaround times, and lack of business and financial skills among SME clients. Potential solutions proposed include better cooperation between BDS providers, funders, and SMEs as well as financial education and training for entrepreneurs.
The document discusses automating the corporate credit approval process. It describes how the current process is inefficient, involving multiple disparate systems and high operational costs. An automated solution is proposed to streamline the process, improve visibility and control, expedite loan applications, and ensure compliance. The key benefits of the solution include faster credit availability, reduced risks and costs, and an enhanced customer experience.
This document summarizes a webinar presented by Mike Lubansky on stress testing loan portfolios. The webinar covered regulatory requirements for stress testing, the objective and importance of stress testing, different types of stress testing approaches for community banks, challenges with data collection, scenario selection, and maximizing the value of stress test reports. Sample stress test outputs were presented and common mistakes were discussed. The webinar provided an overview of effective stress testing practices for community banks.
This document summarizes a presentation made by CA Smita Rajpurkar on rating concepts and methodologies at CARE. It discusses CARE's key business lines of ratings for corporates, financial sectors, public finance and infrastructure. It then outlines CARE's rating process, key risk factors considered, and approach to ratings surveillance. The document also provides details on CARE's rating scale and committee, and concludes with highlights of key rating factors for construction, roads and real estate sectors.
Measuring Financial Performance Based on Camels Ratingnazmus sakib
This document is a thesis paper submitted by Md. Nazmus Sakib to Dr. Md. Rafiqul Islam in partial fulfillment of an MBA degree from the University of Dhaka. The thesis analyzes the financial performance of five selected commercial banks in Bangladesh based on their CAMELS ratings. It includes an introduction, literature review, theoretical framework of CAMELS ratings, profiles of the selected banks, data analysis and interpretation of CAMELS components, findings and recommendations. The objective is to measure the financial soundness and predict risks of commercial banks using the CAMELS rating system.
The document discusses the various roles involved in managing a retirement fund, including administrators, actuaries, benefit consultants, investment consultants, investment managers, insurers, and auditors. It notes that the board of trustees is fully responsible for appointing these roles and overseeing the fund. However, given the complexity of funds, legislation, and investment options, an independent consultant is needed to coordinate activities, provide unbiased advice to the board, simplify choices, and guide the fund in line with best practices and legislation. The independent consultant plays an important role in navigating conflicts of interest and complexity without being controlled by other stakeholders.
401(k) Advisors service model starts with a Fiduciary Fitness program, Including a Fiduciary Investment and plan review and providor benchmarking analysis. Our RFP and provider search process is second to none where we gather over 300 data points on each provider and provide a detailed breakdown of Fees, Fund performance, and service. Our propriatery investment scorecard system takes in to account, Investment style, risk, peer group ranking, and qualitative analysis to help plan sponsors provide the necessary investment due dilligence to satisfy their fiduciary compliance obligations.
credit rating.
factors for successful credit rating.
examples of credit rating agencies ... etc.
exclusively for students pursuing company secretary course.
This document outlines a unit standard for managing credit policies and procedures. It contains three elements: developing a credit policy, implementing and managing credit policies, and assessing and reviewing credit policies. Performance criteria are provided for each element. The document also provides context regarding the level, credits, purpose, and comments for the unit standard.
Qualitative Risk Factors: How to Add Objectivity to an Otherwise Subjective Taskvimster
These qualitative adjustments are a challenge because they are inherently subjective in nature. The 2006 Interagency Policy Statement on the ALLL provides little direction on how these determinations should be made, advising only that “management should consider those current qualitative or environmental factors that are likely to cause estimated credit losses as of the evaluation date to differ from the group's historical loss experience.” It further vaguely explains that these determinations are to be “based on a comprehensive, well-documented and consistently applied analysis of its loan portfolio.”
Capital Adequacy Stress Tests: Pre-Provision Net Revenue and Scenario DesignCRISIL Limited
The document provides details about a web conference on capital adequacy stress tests with a focus on pre-provision net revenue (PPNR) modeling and scenario design. It includes dial-in details for participants to join the audio portion of the web conference, which will be presented by Joshua Hancher from CRISIL Global Research & Analytics. The agenda covers PPNR modeling components like balance sheet projections, net interest income, noninterest income and expenses. It also discusses scenario development and case studies from CRISIL GR&A on commercial loan forecasts and fair value of loans held-for-sale.
This document discusses managing risks associated with third party relationships. It begins by highlighting media stories about issues with government outsourcing contracts, such as overbilling. A survey found that reducing costs is the top business driver for using third parties. The document then examines case studies of the Australian Department of Defense's Air Warfare Destroyer project and Collins Class submarines, which experienced delays, cost overruns, and replacement of contractors due to third party issues. It concludes by outlining a framework for initiating, formalizing, performing, and monitoring third party relationships to better manage associated risks.
Verittas Risk Advisors, Inc - Overview of CapabilitiesGeorge Mark
Verittas Risk Advisors creates authentic business partnerships with financial institutions. The close working relationship between you and Verittas brings you industry expertise, hands-on experience of current financial services practice, and intimate ‘best practice’ knowledge.
Directors of financial institutions have three main responsibilities in a downturn economy:
1) Closely monitor key financial indicators like capital adequacy, loan quality, and performance compared to peers.
2) Respond promptly to regulatory warnings by reviewing issues raised and documenting board discussions and decisions.
3) Focus on credit underwriting standards, concentrations of credit, and ensuring policies address compliance with laws on areas like insider loans.
The document provides a summary of Khurram Raza's professional experience, including over 10 years of experience in mortgage underwriting, risk management, and loss mitigation. He has underwriting authority of $1 million and aggregate authority of $3 million. Additionally, he has leadership experience in employee development, training, project management, and strategic planning.
Chuck Nwokocha is a senior risk management consultant presenting on enhancing credit quality at financial institutions. He discusses the importance of strong policies, processes, and lending staff (the 3 P's). He then covers various credit analysis tools like the 5 C's of lending and global cash flow analysis to standardize underwriting. Nwokocha notes examiner concerns around commercial and industrial lending include risk rating systems, asset quality, and thorough documentation. He emphasizes policies, ongoing reviews, and global cash flow analysis for managing credit risk.
Latrice L Escudero has over 17 years of experience in mortgage banking compliance and risk auditing. She is currently a Senior Lead Compliance Analyst at Prospect Mortgage where she is responsible for researching regulations, implementing policies and procedures, and investigating fraud cases and consumer complaints. Prior to her current role, she held various compliance and risk auditing positions at Highlands Residential Mortgage, Nationstar Mortgage, MetLife Home Loans, and JP Morgan Chase.
Taking the road to advanced approaches and heightened standards in risk manag...Grant Thornton LLP
Develop and execute a roadmap to meet rising regulatory and stakeholder expectations. Banks of all sizes are required to build sophisticated analytical risk management capabilities in compliance with Dodd-Frank and other legislation making a priority of optimizing the deployment of capital and infusing objectivity into its allocation.
Syed Mustafa Gardezi is seeking a senior position in finance or accounting where he can utilize over 15 years of experience. He has extensive expertise in areas such as financial management, budgeting, payroll management, and credit risk. Currently he is the Finance & Admin Manager at Firefly FZ LLC in Dubai, where his responsibilities include managing financial operations and payroll. Previously he held roles as a Consumer Banking Officer at Standard Chartered Bank and Assistant Financial Controller at TSS in the UK. He has an MCom in Accounting & Finance and is pursuing qualifications from ICAEW and as a CPA.
Julie Bray is a highly experienced risk management and operations leader with expertise in banking, finance, lending, and healthcare. She has over 20 years of experience managing teams, ensuring compliance, and improving processes. Currently, she is the Loan Operations Payoff Department Manager at TD Bank in Maine, where she oversees daily activities, manages a staff of 12, and serves on risk management committees. Prior to her current role, she held positions as an Underwriter and Collateral Loan Operations Supervisor at TD Bank, and worked in medical records coordination and administration. She has a proven track record of building strong compliance cultures, balancing loan quality with revenue, and increasing customer and employee satisfaction through effective leadership.
Robert Hockley is a highly skilled banking professional seeking a position that promotes a strong controls environment. He has over 26 years of experience in retail, corporate, and commercial banking with a focus on credit stewardship, compliance, and credit documentation. His skills include risk control, management, presentation, organization, maintaining independent judgement, attention to detail, drive for results, and communication. His most recent role was as a Commercial Lending & Securities Manager at Metro Bank Plc where he was responsible for producing and checking commercial facility documentation.
This deck explains how banks and credit unions calculate the FAS 5 or pooled loans part of the reserve under the incurred loss model. The session defines available methodologies, explains some of the pros and cons of each and helps bankers plan for that part of the allowance for loan and lease losses. (ALLL)
To see how your bank or credit union can comply with FAS 5 regulations, watch a video of Sageworks ALLL http://web.sageworks.com/alll/
This webinar presentation was given by Jay Borkowski of Sageworks and Joe Waites of CECO Management Consultants. Sageworks provides credit risk management solutions and data to financial institutions. CECO provides consulting services in areas like strategy, credit, and operations to financial services companies. The webinar discussed relationship-based banking and lending, balancing relationships with risk management, and examples of effective strategies like outlining credit metrics and defining staff roles. Questions from attendees could be entered in the chat box.
Corporate finance deals with how corporations raise funding, structure their capital, increase shareholder value, and allocate financial resources. The primary goals of corporate finance are to maximize shareholder value and effectively invest capital budgeting funds while maintaining adequate working capital. A corporate financial manager's roles include making decisions around raising capital, investing funds, and distributing dividends to optimize allocation of scarce resources and increase shareholder value.
Resume Wightman - Modified - June 1, 2016John Wightman
This document is a resume for John R. Wightman, a banking executive with over 35 years of experience in regulatory compliance, risk management, internal audit, and commercial, retail and small business banking. His career history includes senior director roles at Scotiabank and CIBC where he designed and implemented compliance programs, risk management frameworks, and internal audit processes. He has received numerous awards for his work in regulatory compliance, risk management, and business planning.
This document provides an introduction to le chéile Group and Empeira, consulting firms that provide services to credit unions. Le chéile Group helps credit unions meet challenges like managing loan books, costs, and regulatory requirements. Empeira specializes in governance, risk, and compliance. The document outlines Empeira's services such as governance reviews and risk management frameworks. It also discusses issues credit unions face in transitioning to more oversight-focused boards and managing board-management relationships.
Malia Young Shelton is seeking a mortgage underwriting position. She has over 25 years of experience in various underwriting roles, including conventional, jumbo, FHA, VA, and manual underwriting. Currently she is the Mortgage Operations Manager at Allegiance Federal Credit Union, where she oversees all aspects of mortgage operations. Previously she held underwriting roles at Wolfe Financial, Essent Guaranty, Triad Guaranty, Salem Trust Bank, and Branch Banking and Trust. She has extensive experience in underwriting, management, and operations.
1. Everett advisory Partners 10/13/2010 1 Everett Advisory Partners – EverettAdvisory.com Achieving Results Through Strategy and Execution
2. The Everett Advantage Everett Advisory Partners Everett Advisory Partners focuses on meeting the needs of community and regional banks. We provide advice and execution resources to assist management and directors with strategic planning, regulatory compliance, governance enhancements, credit & risk management policy and procedure reviews, merger integration and identification of operational and financial improvements. Our professionals have over 200 years of experience in banking, and led some of the most complicated transactions, financings and business restructurings in the industry. Everett’s problem solving approach is designed to achieve results by leveraging its deep understanding of banking and financial markets to successfully develop and execute strategies within a disciplined, six-sigma based framework. Specialties include: Credit and Risk Management In-depth Portfolio Reviews/Asset & Securities Valuation Management Evaluations Regulatory Compliance/ Response to Orders Corporate Governance Acquisition/Investment Due Diligence Strategic Planning/Merger & Acquisitions Post-Merger Integration /Bad Bank Profitability & Performance Enhancement Liquidity Enhancement/Asset Sales/Divestitures Why Everett? 10/13/2010 2 Everett Advisory Partners – EverettAdvisory.com Comprehensive assessment capabilities from a team with extensive industry and regulatory experience, and a deep bench of talent Track record of successful engagements with regional and community banks, investors and private equity firms Specialized capabilities to execute strategies Disciplined project management skills to ensure interdependent activities stay on track
3. The Everett Advantage 10/13/2010 3 Everett Advisory Partners – EverettAdvisory.com Seasoned, Cohesive Team of Senior Advisors
4. Everett – Advisory Services and Change Management Recent Engagements Led evaluation of management, lending practices, risk management, governance and administrative processes and controls at the direction of the Board of Directors of a $300 million community bank. Working closely with regulators, we recommended and led the implementation of a comprehensive restructuring. Completed management evaluation for $200 million community bank as part of response to a consent order; advised on $10 million capital raise. Development of liquidity enhancement strategies, contingency funding plan and capital plan for a $500 million bank. Provided $2 billion regional commercial bank with regulatory guidance and assistance with response to consent order. Assisted $300 million community bank with the development of financial and risk management reporting tools. Performed due diligence for investors and private equity firms. Advised on securitization of legacy residential mortgage portfolios of banks and credit unions. Valuation of mortgage servicing rights and prepayment exposure. 10/13/2010 4 Everett Advisory Partners
5. Everett – Advisory Services and Change Management Bank Directors Face Considerable Challenges With Board roles shifting from passive to active, and accountability increasing, many important challenges awaited Boards in 2010 Enhancing understanding of risk and portfolio management Regulatory relations (more regulations and more enforcement) Greater involvement in corporate strategy Deepening company & industry knowledge Role clarity with management Adding qualified outside directors to address the perceptions of board independence Compensation oversight Succession planning The Risk of Inaction is Rising Directors are vulnerable Fiduciary responsibility to the Bank A bank regulator can bring an action imposing civil money penalties against officers and board members personally, or enforcement actions seeking personal restitution from officers & board members not covered by D & O insurance. Federal courts are now required to expedite the consideration of any case brought by the FDIC against directors & officers Reputational damage - one of the top risks facing both Banks and Board members Litigation Fiduciary responsibility to shareholders and creditors Courts have held that when a company is insolvent or nearly insolvent (known as the “zone of insolvency”), boards have a fiduciary duty not just to shareholders but also to creditors The menu of viable alternatives is quickly contracting as financial pressure increases and fundamentals deteriorate 10/13/2010 5 Everett Advisory Partners For institutions to survive and thrive (or be acquired), it is critical to be proactive, establish concrete and actionable goals, and closely manage execution
6. Banking Management Teams Are Already Over-Burdened Declining earnings, less ability to add earning assets Regulatory pressures and changes Funding obstacles Active, motivated boards, with potential for conflict with management Investors and creditors challenging management and demanding transparency Difficulty retaining top talent while downsizing Federal compensation oversight Maintain community involvement, reputation and brand …and still face the day to day challenges of managing a bank in a tough economic environment Everett – Advisory Services and Change Management 10/13/2010 6 Everett Advisory Partners
7. Institutions Can Control & Influence Destiny Through Proactive Changes Proactively evaluate restructuring and turnaround options to avoid FDIC takeover Progress, and partnership, must be demonstrated to regulators and shareholders Credit and Risk Management Enhancements Governance Changes, Proactive and Independent Boards and Committees Balance Sheet Restructuring & Recapitalization Downsizing & Divestitures Staffing and Organizational Changes Effective Communication Stay on top of regulatory changes Focused Execution is Critical Fate of the bank lies in the hands of proactive executives and boards Develop stabilization and recovery plan Define initiatives with resource requirements, interdependencies and regulatory implications Detailed success criteria, performance metrics and milestones with supporting reporting tools to track progress Governance designed to manage implementation through a disciplined change management process Joint Board and Management working groups Proactively communicate to clients, employees, creditors and shareholders Assess the plans in concert with legal counsel and regulatory experts Demonstrate a plan, and progress, to regulators Everett – Advisory Services and Change Management 10/13/2010 7 Everett Advisory Partners
8. 15/30/45 day plan – Define, Design, Develop, Deploy Initiate assessment process Evaluate lending, risk management and governance against 50 “Best Practices” identified by Everett “Deep dive” on financials, capital levels, reserves and liquidity Regulatory consultations Summary of findings and comparisons to key benchmarks Strategic dialogue on defensive alternatives and next steps Develop rapid response template, executing “quick to implement” changes Weekly briefings with appropriate board committees or representatives Everett advisory services 10/13/2010 8 Everett Advisory Partners
9.
10. Credit, liquidity management, IT, compliance and branch operating procedures
12. External audit, internal control audit, external credit review reports and examinations
13. Sampling of lending relationships in an effort to understand underwriting and risk management practices
14. Interviews with the CEO, CFO, COO, senior lenders; branch operations, human resources, credit administration and compliance managers, and at least three directors from the BoardEach bank is scored 1 – 5 on each criteria, with 1 excellent and 5 worst, and an overall performance score calculated. Report is tailored to the unique circumstances facing each institution, and includes objective, fact-based recommendations that both management and the board can use for improvement and share with regulators. Everett advisory services 10/13/2010 Everett Advisory Partners 9
15. Comprehensive Review of Credit and Risk Management Practices & Controls Assess, review and implement changes to current underwriting and risk assessment processes, with input from management, auditors, examiners and legal counsel Roles, responsibilities and internal controls Information requirements Quality and accuracy of credit underwriting Approval process/authorities Documentation requirements Management of exceptions Effectiveness of workout, cross-collateralization and repayment strategies Ongoing portfolio monitoring , reporting and credit management Accountability of Chief Credit Officer to the Board of Directors Review Credit and Counterparty Portfolio (loans, leases, swaps, derivatives, L/C's) and recommend remediation steps: Largest exposures All Criticized/Watch List/Troubled Debt Restructurings Concentration risks - relationship, industry, geography, loan and collateral type Evaluate adequacy and recommend changes to: Current risk rating structure Counterparty exposure Allowance for loan and lease methodologies, FAS 5 and 114 application, charge-offs and write-downs Recoveries and collection management processes, including on-going monitoring of collateral, financial and structural stability of borrowers Information systems and reporting tools to ensure infrastructure can support timely and accurate risk management reports Everett advisory services 10/13/2010 Everett Advisory Partners 10
16. Everett Advisory Services Residential Mortgage and Mortgage-Backed Securities Assessments The firm focuses on the following areas: Creating systems and procedures for managing the interest rate and credit risk of mortgage and MBS portfolios Reviewing asset prices and pricing methodologies Evaluating mission-critical systems Aiding institutions in understanding and interpreting market developments Providing support for upcoming and ongoing litigation Developing innovative proposals for optimal liquidation of mortgage and MBS holdings 10/13/2010 11 Everett Advisory Partners
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18. Regulatory Assessment Our team is uniquely qualified in regulatory matters and can help with: Strategizing on most effective approach to regulators on regulatory orders, restructurings, portfolio deterioration or restatements Guidance on improving relationship with regulators Interpretation and response to new legislation, recent regulatory reports and findings, including any orders & directives issued by regulators Applications and regulatory approval for new board members or senior executives Review of departure payments for compliance with the FDIC's golden parachute regulations Notices & applications seeking permission for new investment areas, products or activities Review and update of policies and procedures to ensure compliance with regulatory guidelines Assist with development of reports of compliance for regulatory orders and agreement Decoding regulatory language Everett Advisory Services 10/13/2010 Everett Advisory Partners 14
23. Enhancements to deposit offerings which encourage increases in core deposit flows and decrease the cost of funds
24. In-depth review of customer & product deliverables, and related support processes, with the goal of increasing process effectiveness and systems efficiency while supporting growth, customer needs and risk management objectives
25. Investment methods to improve yields on liquid assets and investments while reducing levels of non-earning liquid assets
26. Enhancements to fee income that balance customer satisfaction with potential regulatory changes
27. Review of fee disclosures and policies to actual results across all products to identify potential points of leakage
28. Implementation of tools to track and manage Return on Assets and Return on Equity , including management reporting, identification of key performance indicators, and comparison of historical performance to targeted peers and industry benchmarksEverett’s advisors can lead your team through the conceptualization, planning and execution of these types of strategies Everett Advisory Services 10/13/2010 15 Everett Advisory Partners
40. Ability to identify and prioritize recovery process “Quick Wins” to yield rapid process improvements and significant monetary returnsEverett Advisory Services 10/13/2010 16 Everett Advisory Partners
41. Strategic Planning Everett works with Bank management and directors to conduct a detailed examination of the bank’s business model and its underlying financial and market infrastructure to fully identify potential enhancements. Identifies each bank’s unique characteristics and market niche in the development and refinement of a comprehensive strategic plan. Employs multiple data forms, including demographic market analysis, financial data, market comparables, local market economic statistics and our extensive knowledge of the industry and region. Works with management and the board to build a 3 year financial and strategic plan which will serve as a compelling framework for the future, appealing to shareholders, investors, regulators, management and employees. To ensure the strategic plan’s consistent alignment with corporate vision we meet with management and the board regularly throughout the project, and actively facilitate strategic planning sessions vertically and horizontally throughout the organization. Everett Advisory Services 10/13/2010 17 Everett Advisory Partners
51. Conversions of debt into equityEverett Advisory Services 10/13/2010 18 Everett Advisory Partners In many cases a solid strategic plan, coupled with a thoughtful acquisition strategy, will enable capital raising, decrease concentration risk, improve regulatory capital ratios and win the support of regulators
52. Everett Advisory Services 10/13/2010 19 Everett Advisory Partners – EverettAdvisory.com This presentation is being furnished on a confidential basis to provide preliminary summary information. The information, tools and material (collectively, information) contained herein is not directed to or intended for distribution or use by any person or entity who is a citizen or resident of or located in any jurisdiction where such distribution, publication, availability or use would be contrary to law or regulation or which would subject Everett Advisory Partners to any registration or licensing requirement within such jurisdiction. The information presented herein is provided for informational purposes only and is not to be used or considered as an offer to sell, or buy securities or other financial instruments, or any advice or recommendation with respect to such securities or other financial instruments. The information may not be reproduced in whole or in part or otherwise made available without the prior written consent of Everett Advisory Partners. Information and opinions presented have been obtained or derived from sources believed to be reliable, but Everett Advisory Partners makes no representation as to their accuracy or completeness. Everett Advisory Partners accepts no liability for any loss arising from the use of the information contained herein. This information is subject to periodic update and revision. Materials should only be considered current as of the date of the initial publication, without regard to the date on which you may access the information. Everett Advisory Partners maintains the right to delete or modify the information without prior notice. Under no circumstances and under no theory of law, tort, contract, strict liability or otherwise, shall Everett Advisory Partners be liable to anyone for any damages resulting from access or use of, or inability to access or use, this information regardless of whether they are dire, indirect, special, incidental, or consequential damages of any character, including damages for trading losses or lost profits, or for any claim or demand by any third party, even if Everett Advisory Partners knew or had reason to know of the possibility of such damages, claim or demand.