Eric Novak Email & Phone Number

Green Bay, Wisconsin, Us

La Jolla, Ca, Us

Post FTX-crisis: Brought in to leverage my experience and background of industry leading practices to develop front line strategic, tactical, and day-to-day oversight of liquidity and interest rate risk management.Leadership areas include policy, modeling and analytical techniques, assumption development, risk measurements and monitoring, relationship management, reporting and presentation (executive, ALCO, board, regulator, internal oversight), regulatory exam, and internal audit/review.

Columbus, Ohio, Us

Following the TCF acquisition, appointed to front line risk manager of the larger combined institution with team responsible for internal liquidity stress testing model, liquidity risk metrics, contingency funding plan, and liquidity management framework.• Partnered with globally reputable consulting team to create best-in-class liquidity risk management framework, stress testing model, risk identification, and assumption calibration processes appropriate for Huntington’s size, complexity, and business activities.• Built relationships throughout the enterprise to understand the nature of liquidity risk assumed across business verticals, products, and Huntington’s customers. Collectively determined how liquidity risk could manifest in a variety of stress environments.• Designed process to forecast Internal Liquidity Stress Test (ILST) modeling results based upon the financial planning & analysis budget. Leveraged the forecasting process to evaluate prospective liquidity risk and evaluate strategic decisions.• Continually advanced data management to create efficiency, reduce operational risk, and capture insightful data.• Continually advanced and presented ALCO / board / regulatory reporting to deliver insightful messaging appropriate to audience. • Applied quantitative methodologies to calibrate risk limitations across the suite of liquidity risk metrics to ensure compliance with enterprise-wide risk appetite.• Partnered with segment risk and audit throughout various exams to maintain strong controls and governance processes. Worked closely with the Federal Reserve during exams and periodic updates.• Operated with a service-oriented mindset with focus on 360-degree leadership, close team connection and empowerment, continual learning, process improvement, problem solving, strong controls, building trust and relationships, and collaboration across the enterprise. Continually inspired others to embrace and demonstrate organizational leadership behaviors.

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Front line risk manager with team responsible for beginning-to-end ownership of TCF’s Interest Rate Risk (IRR) and Funds Transfer Pricing (FTP) models including source data management, assumption development, interface to general ledger, process & procedures, controls & governance, detailed reporting, and executive / ALCO / board presentation.• Collaborate to understand the risk position in context with liquidity risk, capital risk, and macro environment to drive strategic and tactical risk management decisions.• Lead beginning-to-end operation of TCF’s Asset Liability Management (ALM) and Funds Transfer Pricing (FTP) model including source data management, assumption development, interface to general ledger, detailed reporting, and Executive/ALCO/Board presentation.• Led successful source data integration and Empyrean system implementation for consolidated bank ALM and FTP model.• Supported the $45B merger of equals between TCF and Chemical Bank by evaluating the combined bank interest rate risk profile, assumptions, and framework. Led team that developed combined bank ALM & FTP interim processes until system conversion. Collaborated on Corporate Treasury integration initiatives including liquidity risk management framework, operations, investment portfolio management, and balance sheet repositioning. Worked closely with the integration management office and built strong relationships across multiple areas of the bank.• Operate process used for external fair value disclosure in 10-K/Q. Support External Reporting and Investor Relations through various information requests. Rapidly respond to Investor Relations requests for data or analysis used in earnings releases or investor presentations.• Operate with a service-oriented mindset and focus on 360-degree leadership, close team connection and empowerment, continual learning and process improvement, problem solving, strong controls, building trust and relationships, and collaboration across the enterprise.

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Front line risk manager with team responsible for measurement and reporting of TCF’s interest rate risk and liquidity risk positions, funds transfer pricing implementation, Corporate Treasury pro forma & stress testing, external fair value disclosure, other external / regulatory / investor relations reporting, various ALCO / board / executive level reporting, and ad hoc reporting.• Led full operation of Corporate Treasury Asset Liability Management (ALM), Funds Transfer Pricing (FTP), Liquidity Stress Scenario, and Prepayment models.• Led team that implemented the Corporate Treasury monthly pro forma and DFAST scenarios. Coordinated assumptions, prepared Treasury presentation, forecasted liquidity requirements, and evaluated funding and liquidity risk represented in pro forma scenarios.• Led multiple successful model validation engagements with both internal and external validation providers.• Maintained comprehensive risk management frameworks including policy, risk limitations, documentation and procedures, internal controls, risk measurements, model performance monitoring, back testing, data management, and compliance with regulatory guidance.• Performed significant re-engineering of the IRR, FTP, and liquidity risk models to reduce operational risk and time to completion.• Maintained continual partnership with second line of defense (risk organization, model validation), third line of defense (audit). Adhere to regulatory guidance and work closely with Office of the Comptroller of the Currency (OCC) exams.• Focus on team engagement and success through empowerment, coaching, and connecting on a personal level. Maintain flexibility to learn new concepts, take on additional responsibility, improve process, reduce risk, expand capabilities, and lead during times of challenge or transition.

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