An accomplished executive and recognized leader and mentor in enterprise, credit, market, and operational risk management. Recent experience and achievements in credit strategy and process, risk analytics, internal audit, compliance, and workout. Almost seventeen years as a management consultant in the leading professional services firms in the world, with specific expertise in strategy, corporate finance, and process engineering, and industry experience in banking, insurance, financial services, and energy.
Experience
2002- present
CNH Global, N.V.
The largest full-line manufacturer of agricultural and construction equipment in the world, with 28,000 employees in 45 countries. $11 billion in annual revenues as a core business and operating division of Fiat SpA.
Vice President, Chief Risk Officer and Chief Credit Officer
CNH Capital
Corporate officer and leader of risk management team of financial services business with $11 billion in assets and 1,100 employees globally. Report to Chief Executive of CNH Capital, and serve on Corporate Executive Council (CEC) that manages entire business.
Responsibilities
§ Design and execute corporate strategy for risk taking and management, for credit, market, and operational risks
§ Recruit and lead 12 person risk management unit
§ Oversee entire credit cycle globally, spanning strategy, policy, and process for origination, underwriting, and management of all credit assets, with $15 million in personal credit authority
§ Chair of Credit Committee having $25 million in credit authority
§ Chair of Risk Committee, coordinating risk management and credit strategy, policy, and process within division
§ Staff of Credit Committee of CNH Global, coordinating credit decision making and processes with manufacturing businesses
§ Design, recruit, and oversee analytics unit: coordinate analytic efforts with other corporate staff and line departments and units; guide modeling and information technology work
§ Design, recruit, and oversee compliance and internal audit unit: guide audit planning; interpret and communicate audit findings with other executives; structure and monitor credit authority levels and decision escalation process
§ Design, recruit, and oversee corporate workout unit: create strategy and structure for department that manages most troubled accounts and loans; advise unit on plans for individual workout accounts; interpret, communicate, implement specific workout plans as part of credit process and CEC
Accomplishments
§ Organize risk management unit, including internal and external recruiting, to create a respected, authoritative, and innovative team that assumes a critical role in most major business initiatives in CNH Capital
§ Create culture of intelligent risk-taking and heighten awareness and use of advanced risk management practices, through educational programs, training process, and personal mentoring with senior executives, business unit management, and global staff
§ Formulate and communicate wide range of credit policy and process upgrades, including improve analysis and reporting processes for credit requests, restructure authority levels for credit decisions, and design and implement system for monitoring large accounts
§ Implement first risk-based pricing models for loans and leases, which business units used to reverse decline in originations and increase revenues and profits
§ Negotiate favorable credit and pricing policies with European joint venture partner
§ Recover millions of dollars through efficient and effective workout efforts, including aggressive negotiation of bankruptcy and dealer claims, sophisticated modeling of workout scenarios, and thorough coordination of workouts across Global organization
§ Improve collection of credit receivables by providing business units with behavioral collection decision tools and cost and risk analyses of increased collection resources
§ Worked to restructure balance sheet and lower cost of transactions, including asset-based securitizations and risk hedging, through risk analysis efforts
2001
BearingPoint
One of the leading independent management, operations, and technology consulting firms in the world, with $4 billion in annual revenues and 15,000 employees worldwide in 2001
Head of Risk Management
Asia Pacific Region (Singapore)
Leader of regional practice that advises clients on entire range of risk management issues, including strategy, organization, and process for operational, market, and credit risks. Leader of both regional team and local staff in countries throughout region, extending from China to Australia and India to Japan. Clients in both financial services, including commercial banks, investment banks, asset management, insurance companies, and other industries, including energy and manufacturing.
Responsibilities
§ Create and execute strategy and business plan for regional practice
§ Consult to global clients on strategic, financial, and operational perspectives on risk-taking and risk management
§ Recruit and guide managers and staff in regional practice and in local offices
§ Lead public relations efforts, including creating press exposure and raising profile of the practice in the region
§ Design and implement risk management research efforts, including original research in operational and market risk issues, and creating inventory of intellectual capital on regulations affecting risk management, best practices across firms and industries, and consulting methods and tools
§ Develop educational and training curriculum for internal staff and external client programs, and conduct internal and external seminars and workshops in current risk management issues
§ Design and implement marketing approaches and programs and lead sales efforts for new practice
Accomplishments
§ Organized regional practice, including business planning, personnel counseling, and recruiting efforts, and promoting risk practice in local offices
§ Lead successful client engagements, involving regional units and local staff, on credit, market, and operational and risk management
§ Designed and implemented internal and external training workshops
§ Developed intellectual capital inventory of past research and client materials
§ Created public relations strategy for improved press profile and client exposure
1998-2000
Andersen
One of the “Big 5” accounting and professional services firms, with $7 billion in annual revenues and 70,000 employees worldwide in 2000
Business Risk Strategy Consulting
Chicago Practice Leader
Senior consultant to Firm clients on aspects of corporate strategy that entail risk-taking and risk management decisions and issues. Started entirely new practice area for the firm, including original research, new client marketing and sales, and recruiting and managing twelve-person staff.
Responsibilities
§ Consult to corporate clients of Chicago office, other Midwestern offices, and international offices on strategic, financial, and operational perspectives on risk-taking and risk management
§ Recruit and counsel managers and staff in twelve-person unit
§ Lead research efforts for Midwest and participate in research projects in the Firm, including coordinating work with academic experts and designing new consulting methods and tools
§ Design curriculum and teach in Firm training programs
§ Design marketing approaches and programs and lead sales efforts
Accomplishments
§ Led first-ever enterprise risk management engagements in the firm and in the industry, including manufacturers, service sector, not-for-profit institutions, financial institutions, and energy utilities
§ Contributed significant intellectual capital to the Firm, including original research on tools and methods for creating strategy, understanding risk tolerance, assessing risk culture, and managing operational risk, culminating in contributions to the firm’s recent landmark book on Enterprise Risk Management
§ Designed and delivered first enterprise risk management training curriculum, including writing training modules and case studies based on original research and client engagements
§ Frequent speaker at industry conferences and events, and author of frequently-cited series on development of risk strategy thinking
1995-1998
Deloitte & Touche
One of the “Big 5” accounting and professional services firms, with $5 billion in annual revenue and 60,000 employees worldwide in 1998
Risk Management Practice
Chicago Practice Leader
Senior consultant to Firm clients on insurance and risk management issues. Recruited and managed six-person staff, including designing and implementing campus recruiting strategy. Initiated dedicated workers compensation and claims management units.
Responsibilities
§ Consult to clients of Chicago and other U.S. and international offices, on strategic, financial, and operational risk management issues
§ Lead research and development in current risk management subjects
§ Recruit and train management consulting staff
§ Design and implement marketing and sales program for existing clients of Chicago and Midwest offices
Accomplishments
§ Created new practice with clients including large multi-line insurers, international insurance brokerage firms, Fortune 500 corporations, and large public entities
§ Built six-person consulting unit through first-ever campus recruiting program
§ Planned and recruited for new national claims management and workers compensation managed care consulting units
§ Achieved prominence in insurance industry through speaking and writing on diverse issues, including financial structuring using capital markets, workers compensation managed care, claims management processes, financial and management accounting and actuarial issues, and professional liability
§ Created and taught continuing education courses on professional liability and advanced risk financing issues, for CPCU Society, Risk and Insurance Management Society, and Council of Insurance Agents and Brokers
§ Author of six papers and articles on risk management issues
1985-1995
Towers Perrin
One of the leading specialty consulting firms, with practices in human resources, employee benefits, actuarial science, insurance, and general strategy, and $1 billion in annual revenue and 5,000 employees worldwide in 1995
1991-1995
Risk Management Practice
Chicago Practice Leader
Led eight-person actuarial and consulting staff in Property/Casualty Division. Developed location into prominent Chicago-area and Midwestern risk management consulting practice.
Responsibilities
§ Consult to large corporate and insurance industry clients on risk management strategy, organization, and operations
§ Participate on Towers Perrin management team in Chicago office, focusing on location operations and administration issues including real estate, systems, and staffing decisions
§ Lead research and development efforts on current risk management issues
§ Recruit and train actuarial and management consulting staff
Accomplishments
§ Built risk management consulting unit to eight people in consulting and actuarial services
§ Designed recruiting program for senior and junior actuarial and management consulting staff.
§ Developed experience and expertise in risk management benchmarking, workers compensation managed care, financial structuring for insurers and corporate risk management, and MIS applications in claims and insurance.
§ Frequent speaker at local and national conferences, and published articles annually
§ Developed first-ever cost accounting standards for risk management, working with Risk and Insurance Management Society and Institute of Management Accountants
§ Led annual Cost of Risk Survey and other risk management and workers compensation surveys, including hiring survey staff and conducting press relations.
1990-1991
Chief Administrative Officer
Hartford, CT
Created first CAO position for Division, reporting to Managing Principal of the Property/Casualty Division. Cut expenses by 5-15% in various locations, targeting travel, computers, real estate, and office expenses. Negotiated new lease for headquarters location, expanding space for growing office at lower rent cost. Managed and streamlined salary and bonus processes.
1989-1991
Consultant
Stamford, CT
Consultant and Account Executive for several medium-size and large clients. Specialized in workers compensation, environmental liability, captive insurance analyses, and MIS consulting projects. Published several articles and became frequent speaker on risk management and insurance subjects.
1985-1989
Analyst
New York, NY
Staffed numerous projects for corporate and insurance company clients, including client interviews, survey development, formulating and executing financial analyses, interpreting actuarial work, and developing, writing, and presenting proposals and reports.
1985
Illinois General Assembly
Legislative Aide
Staffed Senate Finance Committee. Drafted bills and amendments, researched proposed bills, negotiated legislative deals. Helped draft and pass first interstate banking law in Illinois.
Education
University of Chicago
Committee on Public Policy Studies: MA, concentrations in Economics, Quantitative Analysis (1985)
The College: BA with General Honors, majors in Economics, Public Policy (1984)
Executive Program in Finance (1998)
Professional Activities
Global Association of Risk Professionals (1997)
Certified Management Consultant (1989)
Associate in Risk Management (1986)
Chartered Property Casualty Underwriter (1987)
Civic Activities
Congregation Solel (Highland Park, IL)
Board of Directors (1993-1996)
Treasurer (1999-2001)
Plan and execute annual financial strategies, including significant capital campaign and building program
The Standard Club (Chicago, IL)
Member, Business Strategy Advisory Group (1998-present)
Lead programming efforts for ongoing series of business luncheon educational and networking events
Jewish Federation of Metropolitan Chicago
Board Member, Council on Jewish Workplace Issues (1993-present)
Consult to executives of Chicago-area firms on increasing sensitivity to unique issues of Jewish employees
University of Chicago Club of Metropolitan Chicago
Board Member (1995-98)
Vice President (1997-98)
Led financial planning and board development efforts for largest chapter of the Alumni Association. Volunteer in recruiting for college admissions. |
