SUMMARY
Senior Credit Executive and team leader with experience across an expansive range of debt issuers, counterparties and products. Works well across divisional lines offering solutions to complex issues and multi-tasking. Strengths include:
confident, balanced decision making that supports business objectives
structuring and approving complex transactions
developing and maintaining long term relationships with key business constituencies
stepping up to new challenges and embracing new roles and responsibilities
managing and prioritizing high volume workflow in a fast paced environment
inspiring teams and encouraging individual growth, responsibility and accountability
unquestioned integrity and professional values
PROFESSIONAL EXPERIENCE
JPMORGAN CHASE BANK, NEW YORK, NY February 1984 April 2007
Managing Director/Senior Credit Executive Investment Bank, 1997-2007
Approved credit transactions for a $40 billion portfolio consisting of over 450 municipal, municipal agency and not-for-profit clients located throughout the United States and Puerto Rico from 2001 through 2007.
Contributed to portfolio growth in excess of $22 billion over five years by timely approving innovative new products, increasing credit thresholds, and supporting a continually expanding client base.
Supported new business initiatives by offering credit and structuring expertise to the development of proprietary structured products, such as Direct Lending.
Provided credit approval for 12 Direct Lending transactions executed with not-for-profit healthcare clients from 2004 to 2006, generating increased revenue for the Bank.
Approved three large natural gas pre-pay transactions involving complex structures and multiple product offerings.
Granted credit approval for JPMorgan Chase Bank to offer several large commitments to the City of New Orleans and other City entities following Hurricane Katrina.
Approved two short-term credit facilities to support Hurricane Bonds issued by not-for-profit political instrumentalities of the States of Florida and Louisiana in early 2006.
Assumed credit responsibility for approving energy derivative and trading transactions with municipal clients upon creation of a new Energy Trading desk in 2005.
Managed a team of credit officers comprised of two Vice Presidents and three associates who were responsible for performing in-depth analysis of client and transaction risks.
Developed and coached junior staff, resulting in improved quality and efficiency of the credit approval process. Conducted training sessions for new analysts and provided ongoing constructive feedback on quality and content of analyses.
Reviewed and credit approved all structured receivables transactions for JPMorgan Chases two multi-seller asset-backed commercial paper conduits, Park Avenue Receivables Corp. and Delaware Funding Corp, from 1997 through 2004. The combined receivables portfolios grew to over $20 billion during this period and consisted of auto loans, credit cards, consumer loans, fleet leases, equipment loans and leases, floorplan loans, trade receivables and future flow receivables.
Contributed to the creation of Park Avenue Receivables Corp. in 1997 by offering credit commentary on the conduits initial structure and documentation and approving the inaugural transactions.
Assumed credit responsibility for Delaware Funding Corp.s $10 billion receivables portfolio following the merger of JPMorgan and Chase Manhattan Bank in 2001.
Developed in-depth knowledge of the various asset classes funded by the Banks conduits resulting in the ability to quickly assess transaction risks, resolve challenging credit and structural issues and make appropriate credit decisions for the Bank.
Earned recognition from the conduit origination team for supporting their business with an efficient and sound credit approval process.
Following the Bank One merger, managed the seamless transfer of credit responsibility for the conduit business to the Bank One credit executive, effective July 2004.
Credit risk management responsibility for trading activities of Chase Securities, Inc. and the Banks Domestic Treasury desk from 1997 through 2001.
Provided timely approval of counterparty credit limits for securities trading and financing transactions.
Approved issuer risk limits for customers engaged in commercial paper trading and money market loan sales.
Instituted new fractional exposure methodology for calculating credit risk for bond trading and repurchase transactions.
Worked closely with technology personnel to improve systems capabilities for monitoring credit exposure.
Managed US Tax Based Leveraged Leasing Group until sale of the portfolio to a Bank affiliate in 1997. The big ticket portfolio was comprised of aircraft, rail cars, mining equipment, electric generating plants, ships, etc., with a total equipment cost of $1.5 billion.
Collaborated with the Banks Legal, Tax and Accounting departments to close the sale of the portfolio within the specified timeframe.
Managed portfolio including reviewing residuals; obtaining equipment appraisals; approving subleases and amendments; structuring extensions; coordinating disposition of assets upon termination; running pricing model; monitoring credit and compliance.
Vice President, 1992 1997
Credit Deputy, Chemical Securities, Inc.
Assumed credit responsibility for capital markets trading activities of Chemical Securities, Inc. in April 1993. Was forced to quickly come up to speed on numerous products, policies and systems due to the departure of my predecessor three weeks later.
Established credit procedures; monitored credit exposures and overlimits; liaised with counterparty credit officers to establish trading limits; interfaced with technology staff to improve systems capabilities; coordinated with legal on documentation and other issues; approved transactions for Municipal Derivatives Group.
Credit Deputy, Domestic Treasury and US Tax Based Leveraged Leasing Group
Coordinated with credit officers to establish trading limits. Approved limit excesses.
Negotiated sale of leases to a third party purchaser in December 1995, generating a $15 million profit.
Assumed responsibility for managing combined Chemical Bank and Manufacturers Hanover Trust Co. $2 billion equipment leasing portfolio in March 1992.
Associate, 1986 1992
Manager, US Tax Based Leveraged Leasing Group and Credit Officer, Domestic Treasury.
Credit Analyst, US Tax Based Leveraged Leasing Group
Service Assistant, 1984 1986
US Tax Based Leveraged Leasing Group - provided administrative support for the US tax based leveraged leasing portfolio.
EDUCATION
LONG ISLAND UNIVERSITY, BROOKVILLE, NY
BS MANAGEMENT May 1983
PROFESSIONAL DEVELOPMENT
Chemical Bank Advanced Credit Skills, March 1990
Chemical Bank Credit Training, March October 1986 |
