Ian Mccready Email & Phone Number

New York, US

Chicago, IL, US

• Served as expert witness regarding CECL allowance levels and SBA lending
• Involved in Stout’s crypto-asset valuation statement for the emergence of Celsius from bankruptcy
• Built CECL model/process validation practice
• Liquidation analysis and business plan review for lenders on their distressed commercial credits

New York, NY, US

• Direct advisor to over 50 financial institutions on CECL/IFRS 9 strategies & solutions
• Co-developed COVID-19 qualitative framework for financial institutions during the pandemic, for both CECL & ALLL
• Responsible for addressing audit and validation challenges related to credit models; authored the structural overview document
• Developed new products and service lines related to quantitative model calibration
• Speaker at conferences and roundtables on the changing regulatory environment and the impacts of CECL

Hamilton, BM

• Restructured the bank’s credit risk department, re-writing all credit policies and performance reports, as well as hiring a new team
• Rebuilt internal models: ALL(including new IFRS 9/CECL model), stress test (Bermuda CCAR variant), IRRBB, and RAROC
• Drove engagement with regulators and auditors, changing Unsatisfactory rating to Satisfactory after only 14 months
• Built comprehensive model for the securitization/carve-out of the NPL real estate loan portfolio
• Re-valued commercial real estate and residential real estate portfolios and instituted data integrity process
• Risk rated loan portfolio, performed risk assessments on financial institution counterparties and countries

London, GB

• Clarien Bank Limited – Advisory (2014)
• Advised on securitization carve-out of real estate loan portfolio and potential options for restructuring the credit risk departmentGE Capital Retail Finance – Advisory (2013)
• Drafted business plan, CCAR, and BASEL compliance documents for Federal Reserve submission to spin-off the retail finance bank
• Provided financial modeling expertise for funding, liquidity analysis, and preparation of financial statements for submission

New York, NY, US

• Hospital System in Puerto Rico – Advisory (2012)
• Created emergency cash flow forecast for hospital facing insolvency
• Proposed merger framework for larger hospital system to leverage economies of scalePennsylvania DPW/ODP – Interim Financial Support (2011-2012)
• Created bottom-up budget for Medicaid function and assisted with CMS waiver renewal
• Built regular financial statement reporting (P+L specifically) for budget office and designed targeting tools for audit department
• Performed ad hoc analysis (authorization growth problems, use allowance project, permanent vacancy problems)Lehman Brothers – Commercial Loans Portfolio Management (2008-2010)

New York, NY, US

• Finish Line – Transaction Advisory (2008)
• Modelled the merged Newco entity’s financial statements
• Determined valuation of proposed merger versus cost of backing out of merger agreementKee Action Sports – Merger & Integration Management (2007)
• Managed 13-week cash flow forecasts and developed annual budget forecast
• Completed profitability analysis on both customer and product basis
• Ad hoc analysis (marketing studies, FX hedging for London office, inventory analysis)US Virgin Islands Department of Education – Third Party Fiduciary (2006)