Greg Condas Email & Phone Number

New York

Managed 25-person team responsible for all aspects of Market Risk. Responsible for classical market risk monitoring including: reporting trading positions against defined limit structures; VaR and stress analysis; position and market analysis; model validation; reserve policy and reporting risk to general management and regulators. Held delegation to approve complicated deals and limit excesses. Products covered included fixed income, equity, credit and commodities across proprietary and flow trading desks. Extensive experience managing federal, state and international regulatory agencies.Managed team responsible for pricing “difficult to value” run-off securities - RMBS, CMBS, CDO and other highly structured bonds. Advised in various special efforts to protect assets affected by the financial crises. Examples include: structuring Ambac’s recapitalization market offering, pricing and negotiating commutation settlements with monolines, etc.

London, United Kingdom

Managed 3-person team responsible for providing quantitative-based sell-side research to clients.Broad activities included publishing client-focused articles that promoted trade ideas with the goal of making Research and Sales more quantitative. Articles addressed topics on capital structure arbitrage, risk in collateralized debt obligations, asset/liability management in pension funds, inflation-linked bonds and optimal capital utilization in financial institutions. Specialized in the quantitative relationship between debt and equity markets. Recommended trades to clients and trading desks involving debt-equity convergence strategies that hedge credit default swap delta and vega with cash equity and equity options. Recommended long/short relative value CDS positions based on models that evaluate spread risk and equity volatility.

Paris Area, France

Responsible for developing and implementing risk-management tools and strategies necessary to promote global credit portfolio management and capital management in the investment and retail bank.Led 40-person team responsible for developing quantitative credit methodologies. Created three intranet-based credit analysis systems used to apply risk ratings (PD and LGD) and determine transaction economic capital for the corporate, middle and emerging markets. Created a loss simulator to calculate portfolio economic capital. Developed analytical portfolio analysis and reporting. Systems are implemented worldwide and are compliant with Basel regulations. Key role in restructuring the credit risk department, transforming from a generalized local organization to a specialized global organization. Advised in designing a Loan Portfolio Management organization. Held seats on CEO’s Risk Committee and Portfolio Management Committee.

Greater New York City Area

Managed 4-person team responsible for developing models used to measure counterparty default risk in the corporate, business and private bank portfolios.Responsible for developing and maintaining debt-rating models that integrated fundamental credit analysis with statistics used to rate US and international debt. Led internal research involving: equity-factors rating models; KMV; rating migration; bond trading simulation; portfolio optimization and loss given default.Supported credit approval for complicated deal structures, including LBOs, M&As and joint ventures. Approved credit analysis on the loan-trading desk.

Ph.D., Agricultural Economics, Econometrics And Futures Markets

Master Of Science (Ms), Agricultural Economics

Bachelor'S Degree, Biology, General