Jacob Stone Email & Phone Number

Raleigh, North Carolina, Us

Detroit, Mi, Us

* Established and maintained Ally's Enterprise Risk Management Framework (e.g., Credit Risk, Operational Risk, Information Technology Risk, Conduct Risk, Reputation Risk, Business/Strategic Risk, Market Risk, Liquidity Risk).* Oversee the development and deployment of Ally's Risk Appetite Framework to ensure breaches of risk limits are escalated to senior management and the Boards with clearly defined breach explanations focused on root cause, impact to Ally, and mitigating actions.* Created Ally's centralized risk reporting and escalation processes to provide consistent objective reporting on risk trend, status, and outlook and to ensure escalation of risk events on a procedural basis and to allow cross firm analysis.* Manage a team responsible for automating and reporting Ally's CCAR (FR Y-14A/Q/M) and DFAST reporting.* Establish and maintain a review-and-challenge framework for Ally's Enterprise Data Governance function.* Develop and maintain an inventory of Ally's top risks.* Participate as needed in various Bank Policy Institute (BPI) committees.* Interact and establish relationships with financial regulatory authorities on a regular basis.* Establish governance and routines for Independent Risk Management's Master Data Sets including Organizational, Process, and Risk hierarchies.* Led Ally's Credit Risk reporting team responsible for creating Ally's Credit Risk section of the SEC 10Q/K and various sub-schedules of the FR Y-9C including the HI-B, HI-C, and HC-N.* Led Ally's Enterprise Data Governance program by formulating Ally's overall strategy for Data Management.* Oversaw all aspects of Country Risk including limit establishment, review, and reporting.

Detroit, Mi, Us

* Led a team responsible for designing and managing the Risk Data Repository (RADAR) utilized by Corporate Risk Management for storing, validating, and reporting risk information including 10Q/K, Y9C, Management, CCAR (14A/Q/M), and DFAST reporting.* Established and maintained a relationship with the Federal Reserve regarding Risk Data Management framework.* Produced measurable results for enhancing Enterprise Data Governance over Ally’s stress testing submission by establishing business definitions for Critical Elements, identifying and documenting lineage from System of Origination to Report Term, and establishing proactive Data Quality testing at Systems of Origination.* Directly influenced Ally's passing of the CCAR exam from both a quantitative and qualitative framework by providing tools and processes to increase Ally’s confidence in its stress testing results.* Served as Ally's representative to the Financial Stability Industry Council (FSIC) for addressing industry concerns pertaining to CCAR and DFAST.

San Francisco, California, Us

* Managed a team responsible for collecting, consolidating, and distributing trade, position and other informational data captured by the Credit Risk system (Adaptiv) for derivatives, foreign exchange, loan, securities trading, and securities financing products.* Provided reporting for both Corporate Credit and individual lines of business customizing the presentation of information based on individual requirements.* Provided regulatory reporting for the OCC and Federal Reserve including daily top 20 derivatives reports, quarterly CVA reports, and yearly stressed capital reports required for dividend increases and payout (CCAR).* Designed and implemented a customizable reporting tool to eliminate daily ad-hoc requests of credit data releasing resources for other projects.* Managed long-term vision for counterparty credit risk reporting.

San Francisco, California, Us

* Engineered, developed, and maintained Wachovia’s official limit management system for evaluating counterparty credit risk managing 120,000 customers totaling $360B in exposure. * Aggregated data from multiple systems into a single database. * Managed a team involving a broad skill set including engineering, code development, and requirement documentation.* Communicated daily with vendor partners in London to ensure project remained on schedule.* Used in-depth analytics to calculate and report potential future exposure for individual counterparties based on Monte Carlo simulations utilizing a grid computing platform.* Engineered, implemented, and deployed a request tracking system in ASP.Net, similar to Mercury’s Quality Center, to manage Wachovia’s Basel II initiative.* Created reports in MSRS for senior management’s review of project status.* Acted as senior developer in developing a two-tier application used to monitor audited and monthly financials for over 400 hedge funds totaling $110B in assets.* Eliminated the use of advanced Excel spreadsheets for managing multimillion dollar hedge funds resulting in a decrease in human errors produced while collecting and auditing financial information from various institutions.* Designed a SQL Server database used to hold applications, groups, users, and permissions and an API that could be used to retrieve valid permissions for a given user and application.

Us

* Researched, designed and implemented a strategy to provide customizations to MBS Solomon and MBS Business Portal and to obtain a level of understanding to the inner workings of the system to better administer and troubleshoot existing software.* Eliminated the need for a third-party consulting company to support the MBS software significantly decreasing the annual expenses of the information technology budget.* Allowed for system customizations to better fit the business model of the company.* Improved the overall efficiency of the company’s administration and accounting departments by providing a platform for sharing information and data across each department. * Designed and implemented a software application to upload all employee 401K deductions to Wachovia every pay period.* Developed a web application to keep track of hours worked by non-exempt employees of the company each week. * Created a software application in C# essential for displaying timing and scoring data in real-time, allowing for minimal lag.

Washington, Dc, Us

* Acted as an information systems coordinator/director for individual work group maintaining and troubleshooting computer and network systems using Windows NT.* Managed a staff of IT professionals delegating responsibilities and ensuring proper functionality of IT resources.

Mba, Business

Bs, Computer Science