Business Risk & Control:
A senior level business risk and control officer in the lending industry who has successfully implemented an enterprise-wide internal control program and
who also has extensive credit administration experience.
ACHIEVEMENTS
IMPLEMENTS ORGANIZATIONAL CHANGE:
- Established a business risk and control function for two lines of business, within a banking group that was comprised of eight lines of business.
- Led the automation of the control documentation and reporting across the entire group.
- On two occasions established centralized credit operations to serve nationwide networks.
EFFECTIVE COMMUNICATOR:
- Worked closely with all stakeholders before recommending changes.
- Led a multi-business steering committee to develop system changes to meet policy requirements.
- Extensive experience writing credit proposals and control reports.
- Developed and implemented control procedures across multiple departments and business units.
EXPERIENCE
Senior Business Risk & Control Officer 2001 - 2009
Led the design, documentation, implementation, and testing of internal controls, for the functions within two financing business units; including credit originations, booking, funding, collections, foreclosure and resale of collateral and financial control. Set the standard used by the other six business lines within the banking group.
Control documentation included:
- Process Maps - developed in Microsoft VISIO to identify the end-to-end processes and the important risk points.
- Key Controls of Important Risks - identified or created for all processes.
- Tests of the effectiveness of the key controls - designed and executed.
- Corrective actions - documented and reported to business management.
Led the implementation of an enterprise-wide database to track and report control information consistently across the entire banking group, covering
approximately 400 Process Maps, 4,600 quarterly Tests and 200 Corrective Actions.
- Automated the control reporting process, which reduced administrative cost by 75%.
- Trained over 50 individuals on internal controls and the use of the proprietary database.
- Key participant in a multi-business steering committee that defined system changes to meet new corporate policy reporting requirements, with no
additional cost to the business.
- Reduced quarterly control testing costs by over 40% by eliminating redundancy.
This work was the foundation for the Statements of Accountability and for the annual Sarbanes-Oxley reporting. Minimal additional cost was incurred while
another division of Citigroup spent over $1 million to meet the requirements.
- Internal and external auditors found the SOX reporting to be satisfactory.
Vice President, Credit Manager 2000 - 2001
Co-managed the Centralized Credit Operation of a nationwide lending unit.
- Established the department which centrally processed applications that had previously been submitted through 15 regional branches across the United
States.
- Recruited hired and trained 85 credit analysts and team managers.
- Improved the consistency of credit decisions and reduced turn-around-times.
- Processed new credit requests and requests for account modification.
Vice President, Credit Officer 1996 - 2000
Specialized Lending unit of a nationwide lending unit.
Drafted credit proposals for credit facilities, up to $30 million, that covered revolving loans secured by inventories and accounts receivable, and direct loans secured by commercial real estate.
Work also included:
- Preparing term sheets.
- Managing the documentation process, including working with outside counsel.
- Ensuring lien perfection.
- Ongoing administration of the revolving loans with borrowing base certificates.
- On site review of customer records.
- Led due diligence teams to review portfolios considered for acquisition.
Vice President, Credit Department Manager 1993 - 1996
Set up and managed a credit department at a manufacturer's headquarters which processed financing applications submitted by the North American dealer
network.
EDUCATION
UNIVERSITY OF TEXAS AT DALLAS, Dallas, Texas 2006
Masters of Business Administration
SOUTHERN METHODIST UNIVERSITY, Dallas, Texas 2002
Graduate Certificate in Alternative Dispute Resolution
UNIVERSITY OF MONTANA, Missoula, Montana 1979
Bachelor's of Science, Business Administration - Finance |
