Jacob Stone

Jacob Stone Email and Phone Number

Senior Director - Risk Oversight, Reporting, and Technology at First Citizens Bank @ First Citizens Bank
Jacob Stone's Location
Charlotte, North Carolina, United States, United States
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About Jacob Stone

A results-driven and forward-thinking financial services leader with extensive experience in financial services and technology with a consistent history of success leading organizations to achieve best-in-class performance. Experienced in all aspects of risk and finance including enterprise risk management, stress testing, reporting and escalation, credit risk, operational risk, reputation risk, conduct risk, risk appetite, and data governance.

Jacob Stone's Current Company Details
First Citizens Bank

First Citizens Bank

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Senior Director - Risk Oversight, Reporting, and Technology at First Citizens Bank
Jacob Stone Work Experience Details
  • First Citizens Bank
    Senior Director - Risk Oversight, Reporting, And Technology
    First Citizens Bank Dec 2023 - Present
    Raleigh, North Carolina, Us
  • Ally Financial Inc.
    Senior Enterprise Risk Director
    Ally Financial Inc. Mar 2014 - Dec 2023
    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.
  • Ally Financial Inc.
    Risk Director
    Ally Financial Inc. Aug 2011 - Mar 2014
    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.
  • Wachovia, A Wells Fargo Company
    Vice President, Risk Reporting Manager
    Wachovia, A Wells Fargo Company Oct 2009 - Aug 2011
    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.
  • Wachovia, A Wells Fargo Company
    Senior Developer
    Wachovia, A Wells Fargo Company Aug 2005 - Sep 2009
    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.
  • Hendrick Motorsports
    Junior Software Developer/Engineer/Dba
    Hendrick Motorsports Dec 2003 - Aug 2005
    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.
  • United States Marine Corps
    System Administrator
    United States Marine Corps Oct 1996 - Oct 2000
    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.

Jacob Stone Skills

Risk Management Credit Risk Financial Risk Finance Basel Ii Banking Enterprise Risk Management Microsoft Sql Server Databases Credit Data Analysis Accounting Portfolio Management Business Intelligence Loans Operational Risk Stress Testing Project Management Sharepoint Financial Reporting Microsoft Office Credit Analysis Access Operational Risk Management Sql Microsoft Excel Credit Derivatives Counterparty Risk Risk Risk Based Testing Statistical Reporting Trading Software Development Software Engineering Software Project Management Software Design Executive Reporting Ad Hoc Reporting Visual C# Java Pearl Visual Basic Visual Studio Ssrs Ssis Database Design Relational Databases Etl Logical Data Modeling Reporting Systems

Jacob Stone Education Details

  • Wake Forest University School Of Business
    Wake Forest University School Of Business
    Business
  • Appalachian State University
    Appalachian State University
    Computer Science

Frequently Asked Questions about Jacob Stone

What company does Jacob Stone work for?

Jacob Stone works for First Citizens Bank

What is Jacob Stone's role at the current company?

Jacob Stone's current role is Senior Director - Risk Oversight, Reporting, and Technology at First Citizens Bank.

What is Jacob Stone's email address?

Jacob Stone's email address is ja****@****ail.com

What is Jacob Stone's direct phone number?

Jacob Stone's direct phone number is (888) 925*****

What schools did Jacob Stone attend?

Jacob Stone attended Wake Forest University School Of Business, Appalachian State University.

What skills is Jacob Stone known for?

Jacob Stone has skills like Risk Management, Credit Risk, Financial Risk, Finance, Basel Ii, Banking, Enterprise Risk Management, Microsoft Sql Server, Databases, Credit, Data Analysis, Accounting.

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