CIBC World Markets, New York, NY
Executive Director – Credit Advisory / Leveraged Loans / CLO Analysis and Portfolio Sourcing (1998-2016)
· Attended daily meetings with Vice Chairman, discussing current credit transactions/ issues
· Reviewed loan portfolios and individual loans to ensure senior management that each represents acceptable and appropriate risk/reward
· Provided analysis of CLO Portfolio criteria including: tranche subordination & structure / pricing / excess spread / Weighted Average Rating Factor (WARF) / Weighted Average Life (WAL) / Weighted Average Spread (WAS) / Diversity Scoring (D-Score) / Over-collateralization (O/C) / Interest Coverage (I/C)
CIBC World Markets (continued)
Director – Financial Products - Advisory (1996-1998)
· Led Loan Portfolio management and analysis of loan pricing adequacy vs. credit quality/financial strength
· Delivered advisory to Credit Derivatives structuring and execution, allowing smooth execution
· Operated as sole advisor to firm’s 1st CLO ($2.5B Big Cap CLO), securitizing bank’s loan portfolio, freeing up capital for new lending opportunities
· Negotiated terms and signed-off on Credit Support Annex (CSAs) with over 150 Financial Institutions, allowing for collateralized trading under the ISDA agreement
· Created Financial Covenant Review Model, automating time-consuming manual processes
J.P. Morgan & Company, Inc., New York, NY
Corporate Finance, Credit Specialist – Syndicated Loan Unit (1991-1995)
· Structured syndicated loan agreements, including financial covenants, triggers, and cushions analysis
· Prepared Credit Committee Recommendation reports, outlining risk factors vs. potential bank revenue
· Evaluated client profiles and financial needs for marketing/cross-selling opportunities, enhancing client services and relationships
· Executed syndicated loan facilities and one-off deals, completing over 200 Corporate Finance deals
· Advised on and provided credit approval for credit/derivative products, guaranteeing credit issues were addressed and deals were executed smoothly
· Customized ISDA Masters/CSAs, permitting derivative trading with appropriate credit enhancements
J.P. Morgan & Company, Inc. (continued)
Compliance Officer, Corporate Finance (1990-1991)
· Monitored execution of syndicated and bilateral credit agreements, amendments and waivers
· Reviewed financial health of distressed clients and potential clients, addressing issues before becoming problems
· Established and implemented automated financial covenant review system for Corporate Finance, eliminating manual procedure
· Provided presentations on financial ratio analysis Training Program, covering fundamental analysis of obligors
Audit Manager, Corporate Finance and Trading - J.P. Morgan Audit-Plus Program (1981-1990)
· Allocated time between classes/case studies and audits being performed which allowed for dual purpose of gaining knowledge of the bank while continuing financial studies.
Education & Technical Skills
Bachelor of Science (BS), Accounting, Manhattan College, New York, NY
- Dean’s List
J.P. Morgan Training Program – MFP and Audit-Plus Graduate Program
· Graduate Courses: Credit & Risk Management; Exposure Analysis & Management; Corporate Case Study Series; and Financial Derivatives Boot Camp; Corporate Financial Management; Managing Credit Risk.
The Law Firm of Davis Polk & Wardwell - Intensive Classes Covering Credit Agreements; Legal Issues; and Obligor Litigation.
· Intensified Derivatives: 2-week program presented by professionals led by Chairman of International Swaps and Derivatives Association (ISDA).
Financial Analysis – Advanced Applications Certificate - New York Institute of Finance, New York, NY
Technical Skills: Experienced: Bloomberg, LoanConnect LPC, creation of financial models, including synthetic ratings, automated loan financial covenant reviews, portfolio diversity scoring (D-Score), and industry analysis