PROFESSIONAL EXPERIENCE
GE MONEY 2006 - Present
GE Money is the consumer and financial services unit of General Electric, with more than 118 million customers and presence in 50 countries around the world.
Senior Risk Manager, Stamford, CT
• Managed and participated in approval process of $1.7 billion of credit exposure in GE Money’s commercial banking joint ventures in Central America and Colombia during 2008.
• Successfully led the reorganization in 2008 of credit underwriting processes of GE’s banking joint venture in Colombia, including deployment of default probability based risk rating procedures, risk appetite parameters and portfolio management reporting.
• Provided underwriting support in consumer finance area to GE Businesses in Mexico, Brazil & Argentina leading to approval of consumer credit programs for $700 million in 2008 and $950 million during 2007.
VIVIGO INTERNATIONAL LLC. 2002 - 2006
Vivigo International, incorporated in November 2002, provides accounting, tax, financial planning and business services to small businesses, entrepreneurs and individuals.
Principal, White Plains, New York.
· Developed portfolio of 25 clients across diverse industries, mostly retail operations, generating annual revenues in excess of $250 thousand.
BANK OF AMERICA 1979 - 2002
One of the world's largest financial institutions, serving individual consumers, small and middle market businesses and large corporations with a full range of banking, investing, and risk-management products.
Senior Vice President - Senior Credit Review Manager, New York (2001-2002)
Actively supervised large project finance, corporate and commercial credit facilities to oil and gas, utilities, gaming, and cruise line industries with total utilized exposure of $16 billion.
· Improved quality of portfolio recommending $20 million of additional losses and downgrading risk ratings of large energy sector companies.
· Influenced business partners to reduce usage of $200 million of economic capital by reducing $2 billion credit exposure to key borrowers in gaming and cruise line sector companies.
Senior Vice President - Credit Risk Management Executive, Miami (1999-2001)
Managed $800 million of credit exposure to financial institutions, multinational and local companies in Argentina, Chile, Central America, Caribbean and Andean Region countries.
· Managed approval of $250 million of syndicated credit facilities to energy sector companies, generating revenues in excess of $10 million and incurring no losses.
· Reduced credit loss volatility by decreasing $100 million of credit exposure to financial institutions and corporate accounts without impairing major client relationships.
· Integrated credit approval process to business plans of investment bankers increasing synergies among credit and business groups.
Director of Credit Services–International Private Bank, Miami (1998-1999)
Directed credit activity of three offices, 12 private bankers and $600 million of assets under management.
Vice President - Country Credit Officer, Colombia & Venezuela (1993-1998)
Directed credit activity in these countries, supervising a $400 million credit portfolio comprised of large multinational and local companies, financial institutions and government entities.
· Generated revenues in excess of $3million and no losses, structuring more than $250 million of syndicated facilities for wireless telecom companies and privatized utilities and local banks.
· Managed market and counter party risk of $200 million FX and securities trading positions, utilizing interest rate and currency derivatives to hedge market exposures. Active negotiator of credit and ISDA agreements.
Vice President - Special Assets Executive, Los Angeles (1991-1993)
· Managed a $100 million problem loan portfolio in Latin America, achieving loan loss recoveries of $4 million during the period
Relationship Manager, Colombia (1986-1991)
Credit Account Officer, Colombia (1979-1986)
SMURFIT-CARTON de COLOMBIA, Colombia 1974-1979
Largest producer of paper products in Colombia, owned by Smurfit PLC, with operations in the U. S., Europe and Latin America.
Financial Controller
EDUCATION & QUALIFICATIONS
M.B.A., University of Pittsburgh, Pittsburgh, PA. 1974
B.Sc., Chemical Engineering, Universidad del Valle, Cali, Colombia. 1972
NASD Series 7, Series 66 & New York State Life, Health & Accident Insurance.
ASSOCIATIONS/RECOGNITIONS
Fulbright Scholar. 1974
Westchester Business Council. White Plains, New York. 2002
Hispanic Business & Professional Association. Community Activities Board Member. 2005
Florida International Banking Association. Miami. 1998 |
