Jim Fenton Email & Phone Number

Arlington, Va, Us

Providing Second Line of Defense Enterprise Risk Management oversight and effective challenge for large scale risk initiatives for large financial institution.

Mclean, Va, Us

• Provide attestation for CCAR process, while maintaining alignment with and meeting regulatory expectations.• Lead rigorous challenge processes to ensure small business lending programs and strategies adhere to credit policy guidelines.• Monitor essential credit performance metrics and maintain prescribed risk limits.• Key Accomplishments:o Established a third line of defense risk framework to oversee annual Comprehensive Capital Analysis and Review (CCAR) submission; reported to the Board of Directors, outlining stress scenarios, loss models, and loss forecasting/CECL (Current Expected Credit Loss) processes.o Developed a horizontal credit intent management practice to validate lending and credit decisions in accordance with credit risk governance policies.

New York, Ny, Us

• Led a strategic partnership initiative with cross-functional business development team, to shape and execute the regulatory consulting strategy for CECL and CCAR/DFAST.• Guided a project to develop IFRS-9/CECL and SR 11-7 compliant allowance models and procedures for a Mid-Tier Bank, ensuring compliance with international accounting standards.• Key Accomplishments:o Optimized automated decision strategy for a credit card lender, resulting in a significant 15% improvement in decision rates through process automation and machine learning.o Established a Center of Excellence for capital planning and stress testing at a Top-Tier Bank, identifying redundancies and outsourcing opportunities to reduce costs by 35%.o Authored a webinar addressing strategies for meeting regulatory Pre-Provision Net Revenue (PPNR) forecast expectations for the Federal Reserve Bank's capital planning submissions.

Richmond, Va, Us

• Spearheaded a Risk Evaluation Team to assess capital adequacy plans and stress testing methodologies of holding companies' retail portfolios as a part of the Federal Reserve's annual CCAR.• Collaborated in a cross-institutional initiative focused on scrutinizing auto lending underwriting strategies, interest rate pricing practices, and risk appetite considerations.• Enhanced the Federal Reserve's comprehension of industry methodologies, identifying best practices, and ensuring the robustness of risk management and governance procedures.• Assessed firms' Capital Adequacy Process (CAP) during regulatory governance examinations, including evaluating internal audit coverage, data governance, and management information systems.• Supported examination teams in evaluating credit risk and credit risk management.• Key Accomplishments:o Coordinated an Independent Model Validation Exercise, scrutinizing loss forecasting models developed within the Federal Reserve System for internal CCAR purposes.o Served as a Reviewer in the evaluation and classification of credit risk associated with syndicated commercial loans within the 2015 Shared National Credit program.o Acted as a member of the Federal Reserve System's Business Line Specialist group for Consumer Lending while also serving on the Richmond District's Credit Risk Committee

Mclean, Virginia, Us

Washington, District Of Columbia, Us

• Maintains mortgage purchase eligibility requirements and reports monthly analysis to Enterprise Risk Executive team.• Created and researched standards for Uniformed Appraisal Data in partnership with Freddie Mac.• Evaluated and recommended appraisal training materials for the industry.• Established appraisal adjustment benchmarks used as an indicator of potential appraiser bias. • Team member of Single Family Risk Committee responsible for reviewing portfolio performance, acquisition profile, and policy.

Bethesda, Md, Us

•Department Head responsible for management of total portfolio risk. •Pioneered company-wide portfolio risk analytics to identify distressed segments and recommended appropriate measures needed to achieve profitability.•Designed and executed collection strategies to limit loss severity and to determine appropriate recovery strategies for non-performing sub-prime receivables.•Member of Credit Committee responsible for the review and authorization of significant credit policy changes and applications exceeding lending guidelines.

New York, New York, Us

•Managed “cradle to grave” risk functions for installment loan portfolio including: NCL forecasting, developing credit policy, delinquency trending, portfolio monitoring, acquisition/retention strategies, loss mitigation/collection strategies, and ad-hoc MIS reporting. •Spearheaded strategic task force in overhauling and redesigning underwriting requirements and lending strategies to address on-going credit crisis.•Facilitated monthly Risk Committee reviewing portfolio performance and business plans with CEO and CFO.

New York, New York, Us

Master Of Business Administration - Mba, Business Administration And Management, General

Bachelor Of Arts - Ba, Economics