Brian S. Email & Phone Number

New York, Ny, Us

Lead an organization of risk professionals that analyze, monitor, and manage Fannie Mae's counterparty credit risk across a wide array of financial sectors including banks, mortgage lenders and servicers, broker dealers, insurance companies, financial guarantors, and housing finance agencies.

Greater New York City Area

Have served on the Executive Board since 2009. RMA NY is a not-for-profit professional association that arranges educational programs for its members on a wide variety of risk-related topics, including credit, market and operational risk management, governance, ERM, risk culture, blockchain, fintech, cybersecurity compliance, liquidity risk, systemic risk, sovereign risk and the regulatory environment.

Greater New York City Area

Worked with a decentralized finance (DeFi) FinTech startup to develop credit underwriting standards for institutional cryptocurrency clients. Conducted due diligence, evaluated risk transparency, established credit limits, and determined collateral requirements.

New York City Metropolitan Area

Developed underwriting, due diligence, documentation, and monitoring standards for institutional cryptocurrency clients, including hedge funds, market-makers, trading firms, stable-coin issuers, and cryptocurrency exchanges. Refined risk-rating methodology and substantially re-wrote credit policy.Re-underwrote entire institutional portfolio while also leading due diligence meetings with numerous prospects. Recruited, managed and developed a small and highly effective team responsible for managing credit risk. Managed ~$5 billion (peak) portfolio of global institutional exposure proactively by selectively reducing limits, improving collateral positions, and exiting weak credits.Adopted more conservative credit standards than key competitors, while remaining commercial and flexible. As a result, avoided doing business with several prospects that subsequently became insolvent, and maintained tight credit standards for client that subsequently failed and caused massive losses for several of Celsius's competitors

Greater New York City Area

Managed, motivated, and developed team responsible for credit exposure to financial institutions and structured credit counterparties that included: PE Funds, PE Secondary Funds, Hedge Funds, Regulated Funds, ETFs, BDCs, REITs, Banks, Broker Dealers, Insurance Companies, Pension Funds, CLO Warehouse Vehicles (Middle Market and Broadly Syndicated), and ABS Vehicles.Zero credit losses, including through Covid-19 downturn. Zero downgrades from Loan Review. Working with Legal, developed a template for ISDA negotiations with Hedge Funds. Performed a detailed and thorough gap analysis on the covenant monitoring process. Delivered several key New Product approvals for Credit Risk, including Synthetic Prime Brokerage and FICC Sponsored Repo.Developed a playbook for managing distressed counterparties. Worked with sales, trading, relationship management, legal, middle office, back office, compliance, market risk, operational risk, and regulatory relations.

Greater New York City Area

Advised financial institutions on risk management, regulatory and compliance-related matters. Projects included: Evaluating the risk management practices and controls of a major broker/dealer in conjunction with a regulatory gap assessment, and reviewing and assessing the lending activities of a Foreign Banking Organization (FBO), including asset-based lending, commercial real estate, and corporate lending.

Greater New York City Area

Financial Services Advisory - Banking and Capital Markets Group. Led teams providing risk management, compliance and regulatory advisory services to clients.Worked with a major FBO to enhance the bank’s ERM capabilities in conjunction with meeting the Fed’s Enhanced Prudential Standards (EPS). Developed and refined the bank’s Risk Management Framework, Risk Appetite Statement, Risk and Capital Profile (Board-level reporting related to CCAR) and Risk Reporting Framework. Provided subject matter expertise and significant drafting assistance to several major FBOs and one G-SIB on key sections of their Recovery and Resolution Plans (Living Wills), including: Collateral Management, OTC & Exchange-Traded Derivatives, Prime Brokerage, and Currency Trading. Delivered several risk management workshops for a major domestic bank on leading practices with respect to Securities Financing Transactions (SFTs).

Jersey City, Nj

Also Deputy CRO of KCG Holdings, Inc. The position was global in scope and reported to the Chief Risk Officer & Chief Operating Officer of KCG Holdings. Headed the implementation of an Enterprise Risk Management (ERM) strategy for Knight Capital after stepping into the newly created role of Chief Risk Officer in late September 2012. Worked to build an integrated ERM framework to manage market, credit and operational risk while employing the “three pillar” approach. Subsequent to the formation of KCG from the merger of Knight with Getco, continued to play a key role in executing and refining that strategy as CRO of our US broker and as Deputy CRO of our global holding company. Managed counterparty credit risk globally, including the risks at our futures commission merchant (FCM). Chaired of New Products Committee and the Engagement Committee. Led numerous due diligence meetings with counterparties and creditors and participated actively in meetings with our primary regulators, including FINRA, the SEC and the CFTC.

New York, Ny And Stamford, Ct

Co-head of Hedge Fund Credit for the Americas. Managed a team of 10 Credit Officers and Credit Analysts. Responsible for a portfolio of over 600 hedge fund counterparties trading a wide variety of strategies. Led and coordinated several Global Sector Reviews of UBS’ hedge fund credit portfolio. Protected bank from credit losses by aggressive, active management of deteriorating credits. Served as product partner for UBS’ Equities businesses globally, including Domestic and International Prime Brokerage, Securities Lending, OTC Derivatives and Exchange-Traded Derivatives. Point person for hedge fund credit on the integration of UBS’ acquisition of ABN’s futures business.

Chicago, Il

Senior credit responsibility for Hedge Funds, Securities Firms and Money Managers. Managed team of seven credit officers and analysts in New York and Chicago overseeing a $1Bn Hedge Fund portfolio (25 relationships) and a $10Bn Securities Firms and Money Manager portfolio (65 relationships). Developed underwriting, due diligence, documentation and monitoring standards for hedge funds. Approved derivatives trading limits, trades, structured derivatives transactions and traditional credit facilities. Liaised between the trading desks and relationship credit for all OTC derivatives products. Managed Capital Markets Documentation Unit, including unit head and nine professionals, who were responsible for coordinating the documentation process for derivatives counterparties bank wide. Advised relationship credit on difficult ISDA negotiations with complex issues and provided training to credit officers on documentation standards and practices. Reviewed and approved initial margin limits for all futures clearing customers.

New York, Ny

New York, Ny

New York, Ny And Toronto, Ontario, Canada

New York, Ny And Chicago, Il

B. Sc., Finance (Minor: Economics)

Master Of Business Administration (Mba), Finance

Education record

Education record