Christopher Chagnon Email and Phone Number

Led the second-line-of-defense business unit that oversaw and effectively challenged the market-risk hedging program of Wells Fargo’s home-lending division, the largest private mortgage company in the world. Managed the regulatory reporting process to the FRB and OCC.Developed an enhanced limit framework that captured all of the line of business’ (“LOB’s”) key risk exposures with common metrics that permitted a firm-wide view of risk and facilitated the development of the firm’s risk… Show more Led the second-line-of-defense business unit that oversaw and effectively challenged the market-risk hedging program of Wells Fargo’s home-lending division, the largest private mortgage company in the world. Managed the regulatory reporting process to the FRB and OCC.Developed an enhanced limit framework that captured all of the line of business’ (“LOB’s”) key risk exposures with common metrics that permitted a firm-wide view of risk and facilitated the development of the firm’s risk appetite statement. Developed the first Mortgage Book trading mandate and integrated it within the Corporate Risk division’s evolving policy framework.Developed a robust risk reporting process that ensured the right visibility at each level of the organization to the performance of the firm’s Mortgage Book hedging program. Developed a firmwide mortgage-risk-reporting process that included the exposures in the Banking and Trading Books. Developed, operated, and ran the model that was used to report the home-lending division’s economic-capital-at-risk exposures to Corporate Treasury. Designed and developed one of the largest second-line-of-defense uplift plans in the industry in 2014-15, a $7mm expansion of the oversight group's organizational and technology framework, which reflected $15mm in cost savings due to efficiencies found during the development of the plan.Oversaw and effectively challenged the approaches and assumptions used to simulate the mortgage company’s performance in the annual CCAR/DFAST stress tests, a requirement for passage. Show less

Co-developed the first in-house model-governance framework and validation process for Wells Fargo Home Lending in 2005.Managed a staff of quantitative resources and planned and executed many of the risk-rank-1 model validations.Wrote the majority of validation reports, which both senior management and the OCC found to be very effective and clearly written.Enhanced the group’s structure and processes from 2005-2010 and implemented the company’s first model documentation… Show more Co-developed the first in-house model-governance framework and validation process for Wells Fargo Home Lending in 2005.Managed a staff of quantitative resources and planned and executed many of the risk-rank-1 model validations.Wrote the majority of validation reports, which both senior management and the OCC found to be very effective and clearly written.Enhanced the group’s structure and processes from 2005-2010 and implemented the company’s first model documentation requirements, which the OCC deemed to be a best practice at the time.Became the de-facto head of the group in 2009 after the departure of the group head. Represented the group shortly thereafter through an internal audit and a regulatory exam, in which the group received very good marks. Show less

Monitored and oversaw the government-sponsored bank’s market-risk-management activities to ensure that its policies were adhered to and that its market-risk exposures were being managed to satisfy the risk appetite of its senior managementManaged the daily risk reporting process to the hedging program and senior management.Validated modeling enhancements and conducted ad-hoc risk analysesServed as the group’s primary point of contact for internal audit and regulatory… Show more Monitored and oversaw the government-sponsored bank’s market-risk-management activities to ensure that its policies were adhered to and that its market-risk exposures were being managed to satisfy the risk appetite of its senior managementManaged the daily risk reporting process to the hedging program and senior management.Validated modeling enhancements and conducted ad-hoc risk analysesServed as the group’s primary point of contact for internal audit and regulatory exams Show less

Carried out the daily risk reporting process to the Derivatives Product Group and senior managementConducted monthly and ad-hoc risk analyses for the trade desk’s Market Risk Oversight Group.

Conducted the daily accounting work for the client’s six largest mutual funds and reported the close-of-business net asset values (NAVs) to the NASDAQ exchange and the transfer agentConducted the daily cash-settlement work for the same funds, including the initiation of any foreign-exchange deals needed to cover pending security transactions in 24 foreign marketsServed as the group’s primary point of contact for internal and external audits