David Ignell, Cfa Email & Phone Number

New York, Ny, Us

Notable Accomplishments:- Chapter lead editor, Basel Committee on Banking Supervision's (BCBS) Task Force on Climate-related Financial Risks (TFCR) report "Climate-related Financial Risks - Measurement Methodologies";- Central review team contributor, TFCR analytical reports on climate-related financial risks;- Contributor, TFCR "Principles for the Effective Management and Supervision of Climate-related Financial Risks".Responsibilities: Explore, develop, and implement microprudential supervisory considerations for the identification and management of climate-related financial risks, including the following duties:- co-leading exploratory climate reviews of large supervised firms;- contributing to policy and supervisory program development for climate-related financial risks;- representing the Federal Reserve Bank of New York on the BCBS' TFCR.

New York, Ny

Explore new and emerging risks facing the largest banking organizations in the U.S., with a current emphasis on climate risk implications on large financial institutions (See SCC Secretariat position). Additional risk exploration have included competitive pressures in investment banking facing foreign banks, strategic shifts in U.S. deposit funding for capital markets activity, and the evolution of wholesale forbearance during the COVID crisis.

New York, New York

Notable Accomplishments:- 3 Comprehensive Capital Adequacy Review (CCAR)/Horizontal Capital Review (HCR) examinations, assessing Pre-Provision Net Revenue (PPNR) models, evaluating capital policy including capital goals, targets, and distributions, and evaluating the effectiveness and repeatability of the capital adequacy aggregation process and scenario development and governance;- 2 Coordinated Liquidity Review (CLR) examinations, reviewing liquidity stress testing practices of Foreign Banking Organizations (FBOs);- 3 Cybersecurity examinations covering management oversight and governance, IT and data asset management, vulnerability and patch management, third party connectivity management, and cyber resiliency;- 2 Broker Dealer reviews, covering counterparty credit risk management, governance, and strategy;- 1 Recovery and Resolution Plan (RRP) review, assessing completeness, appropriateness, severity, and operational feasibility of a large foreign institution’s U.S. plan;- Ad-hoc analyses on specialized topics, such as entity-specific sovereign risk in foreign elections, LIBOR-OIS spread widening, asset-backed commercial paper conduit risks and consolidation, and FBO target operating model comparisons;- Quarterly horizontal earnings analyses of FBOs' Combined U.S. Operations.Responsibilities: Provide analytical support to supervisory managers of Large and Foreign Banking Organizations (LFBO), including the following duties:- Operating as a “swing” examiner to fill resource constraints, necessitating independent research of scope requirements, developing knowledge of risk management best practices, and managing execution of discovery and deliverables;- Integrating FBOs into LFBO risk monitoring efforts;- Producing ad-hoc horizontal analyses across LFBO firms to assess emerging risks and monitor ongoing performance; and - Contributing to LFBO knowledge pool in the financial and regulatory reporting competencies.

New York, New York

Notable Accomplishments: -2014 CCAR Retail Risk Evaluation Team, evaluating the conceptual soundness of and governance over a large financial institution’s mortgage and personal loan models for stressed scenarios;-Regulatory reports examinations (one as the Examiner-in-Charge and two as assistant examiner) for two U.S. branches of Foreign Banking Organiztions (FBO) and one large domestic BHC, identifying errors on reports and assessing the effectiveness and robustness of controls, management oversight, and technology infrastructure;- Multiple regulatory reporting presentations to supervisory data users and data providers, outlining types and uses of regulatory data, reporting best practices, and common issues for select data items; and- Multiple regulatory reporting development groups identifying gaps between existing and proposed reports, including the FR Y-16, FR Y-14Q/M, and FR Y-7Q instructions clarifications, among others. Responsibilities: Collect and analyze regulatory report data for U.S. branches, U.S. BHCs, and nonbank entities of FBOs, including the following duties:-Preparing high quality analytics on several report series (FR Y-9C, FFIEC 002/031 (Call), FR Y-7N, FR 2314, FR Y-7Q, FR 2886b) for a complex panel of FBOs, leveraging bank accounting, financial instruments, and Basel II/III capital adequacy knowledge to explain major variances, identify trends, and uncover discrepancies in the data;-Researching accounting and regulatory reporting issues to provide in-depth, sound recommendations to institutions through correspondence and examinations;-Participating in Federal Reserve System initiatives to enhance new data collections for data clarity, consistency across reports, and reasonability of reporting burden for respondents; and-Contributing to team development, including training new analysts, leading several report series, and providing guidance to team members on accounting and reporting issues.

New York, New York

See above.

Greater New York City Area

Accomplishments: Promoted to financial reporting manager from learning initiatives undertaken in key business competencies:- Developed critical expertise for a pilot New York-centralized fund, including analyzing the core business model for the fund, identifying applicable housing regulations, and proposing reporting recommendations; and- Honed personal knowledge of performance evaluation functions in order to augment team output, which uncovered improvements that enhanced reporting quality.Responsibilities: Supervised staff accountants and oversee the financial reporting for seven private equity real estate funds:- Managed monthly, quarterly, and annual financial statement and audit reporting under tight deadlines;- Evaluated quarterly fund performance, including internal rates of returns and geometric returns;- Calculated fair market value of mortgage instruments and compute foreign currency translations;- Prepared periodic cash flow projections, net asset value (NAV) estimates, and other ad hoc assignments; and- Reconciled balance sheet accounts, analyze monthly budget-to-actual variances, and compile projected performance metrics.

Greater New York City Area

Prepared financial statements and performance evaluation metrics for client portfolios.

Greater New York City Area

Supported accounting staff with audit documentation, balance sheet reconciliations, and financial reporting.

Juneau, Alaska

Assisted Executive Director in connecting emerging Alaskan entrepreneurs with angel investors.

Master Of Public Administration (M.P.A.), International Economic Policy And Management

Bba, Accounting (French Minor), 3.71 (Cum Laude)

Activities and Societies: Exchange to France - one year (Université Catholique De L'Ouest & Université de Nice Sophia-Antipolis)