John Grace

John Grace Email and Phone Number

Managing Director | Enterprise and Operational Risk, Capital and Liquidity, ALM, Business Continuity @ Treliant
Saint Paul, MN, US
John Grace's Location
Greater Minneapolis-St. Paul Area, United States, United States
John Grace's Contact Details
About John Grace

I was a young analyst standing in a trading room watching as all the screens filled with furiously blinking red numbers. My boss, the bank’s treasurer, walked over and stood next to me, then casually shared a bit of wisdom that I live by to this day.“If we don’t lose our heads, we will be fine.”Those words have guided me even when circumstances — such as 9/11, the 2008 financial meltdown, and the pandemic — threw the world out of its stable orbit and into the unknown. I have seen the consequences when leaders “lost their heads” as well as the positive outcomes when leaders “kept their heads” and navigated successfully through the most turbulent waters.This perspective, which is so critically important in the risk space, has contributed to my success in growing banks, restructuring insurance companies, and leading specialized financial institutions through market and regulatory challenges. As a senior leader and C-level executive, I share those words (when appropriate) in small team meetings, interacting with executive leaders, or leading a discussion in the Boardroom. My market and business knowledge spans the global spectrum in the following areas:PRODUCTS: • Fixed Income• Equities• FX • Commodities — Oil, Natural Gas, Agriculture• Asset-Backed Securities• Prime & Sub-Prime Mortgages• Credit Cards• Consumer Loans• Hedges & DerivativesINDUSTRY SECTORS:• Global Commercial Banks • Small & Mid-Sized Regional Banks• Insurance Companies & Their Investment Divisions• Exchanges & Clearing HousesRISK EXPERTISE:• Interest Rate Risk• Liquidity Risk• Asset-Liability Management Risk• FX Risk• Operational Risk• Reputation Risk• Model Risk• 3rd Party Risk• IT & Cyber-Security Risk• Business Continuity & Resiliency Planning • Disaster Recovery PlanningI thrive on opportunities to recognize emergent threats, quantify the potential impact of those issues, and both develop and implement solutions to protect capital and ensure future profitability.SPECIALTIES: Chief Risk Officer, Chief Information Officer, Enterprise Risk Management, Capital & Liquidity Risk, Cyber-Security, Operational Risk, Asset-Liability Management, Global Perspective Across Risk Spectrum, Adapting to Changes in Business and Market Environment, Restructuring, Optimizing Assets, Strategic Planning, Treasury Risk, Regulatory Disclosures, Legal Disclosures, Compliance Management, Industry Thought Leader, Conference & Event Speaker, Executive and Board Level Presentation Skills, Leadership, Team Building

John Grace's Current Company Details
Treliant

Treliant

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Managing Director | Enterprise and Operational Risk, Capital and Liquidity, ALM, Business Continuity
Saint Paul, MN, US
Website:
treliant.com
Employees:
270
John Grace Work Experience Details
  • Treliant
    Managing Director | Enterprise And Operational Risk, Capital And Liquidity, Alm, Business Continuity
    Treliant
    Saint Paul, Mn, Us
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  • American Lung Association
    Minnesota Leadership Board Member | Protecting Lung Health, Supporting Cures For Lung Disease
    American Lung Association Dec 2023 - Present
    Chicago, Illinois, Us
    I am honored to be selected for the Minnesota Leadership Board!Although I have spent 30+ years leading financial organizations, I am is no stranger to the work of the American Lung Association. At just nine years old, I marched into my dad’s room and began a successful campaign to stop him from smoking after hearing the surgeon general’s warning about its dangers. Since that day, my passion has not stopped.From ending lung disease to supporting clean air and preventing youth vaping, I am all in on getting more people engaged in the work of the American Lung Association. #ProudVolunteer #lunghealth
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  • Treliant
    Managing Director | Enterprise & Operational Risk, Capital & Liquidity, Alm, Business Continuity
    Treliant Feb 2023 - Present
    Washington, Dc, Us
    Treliant is a consulting firm serving banks, mortgage originators and servicers, fintechs, and other companies providing financial services. It is led by practitioners from the industry and the regulatory community who bring deep domain knowledge to help clients drive business change and address the most pressing compliance, regulatory, and operational challenges. A boutique recruiting firm that specializes in financial services approached me based on my substantial range of experience from 30+ years as a global enterprise risk management executive, which included serving as Chief Risk Officer for two financial institutions. Given the emerging and evolving risks in today’s business and regulatory environment and the resultant opportunities, I'm applying my expertise on behalf of Treliant’s financial services clients in the following areas:► Enterprise Risk Management, covering fixed income, consumer loans, equity, & FX► Capital & Liquidity Management► Asset-Liability Management► Model Governance and Risk Management► Operational Risk► Business Continuity & Resiliency► Restructuring of Businesses and Securities
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  • Apogee Process Improvement, Llc
    Risk & Compliance Consultant | Assessment & Rationalization Of Regulatory & Legal Disclosures
    Apogee Process Improvement, Llc Jul 2022 - Jan 2023
    Columbus, Ohio, Us
    Apogee uses an approach developed and proven at some of the largest U.S. banks to help identify compliance gaps and opportunities. It offers a suite of quality products that bridges those gaps and minimizes the legal costs and operational risks created in rapidly evolving regulatory environments.The CEO invited me to join Apogee based on my expertise in enterprise risk management and regulatory compliance.I was responsible for the assessment of a major bank’s vulnerability to the following laws and regulations, including:► Volker Amendment► Reg W► MSRB Rule G-22► Securities Exchange Act of 1934► Investment Advisors Act of 1940► Various FINRA rules
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  • Agribank (St. Paul, Mn)
    Chief Risk Officer & Chief Information Officer | Cyber Security, Ransomware, Contingency Planning
    Agribank (St. Paul, Mn) Apr 2020 - Feb 2022
    St. Paul, Minnesota, Us
    AgriBank, today with over $140 billion in assets, provides financial solutions to Midwestern agriculture. In April 2020, the Bank spun off its entire IT operations function into a separate legal entity.As a result, my existing role as Chief Risk Officer was expanded. I was also named Chief Information Officer, responsible for overseeing the IT and Cybersecurity Risk for the Bank.In this role, I’ve successfully: ► Expanded the IT Security function and improved reporting of potential vulnerabilities► Improved cybersecurity with more frequent employee training, followed by complex testing to evaluate efficacy of training protocols► Spearheaded the expansion of penetration testing to include physical breaches and ransomware attacks.► Launched a cross-functional Security Working Group that included all business units and 3rd party IT service providers.
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  • Agribank (St. Paul, Mn)
    Chief Risk Officer | Managing Enterprise & Operational Risk, Capital & Liquidity Risk, Cybersecurity
    Agribank (St. Paul, Mn) Dec 2018 - Apr 2020
    St. Paul, Minnesota, Us
    AgriBank, with over $140 billion in assets, provides financial solutions to Midwestern agriculture.I was initially recruited to join the Bank to upgrade the Enterprise Risk Management function (ERM) based on my expertise in interest rate risk, liquidity risk, operational risk, and regulatory compliance.After joining as Chief Risk Officer, I was immediately responsible for spearheading 6 major initiatives:— Launching a program to enhance ERM by adding new disciplines to the function— Introducing stronger oversight of Treasury, IT Security, and Operations— Developing a more detailed 3rd party risk management program with new tools, revised policies & procedures, and hired staff with subject matter expertise in this field— Ensuring more comprehensive risk identification, measurement, mitigation, and monitoring processes— Initiating 3rd party independent assessments of Treasury, Control Testing, and Models— Upleveling the business continuity and disaster recovery plan.In this role, I successfully:► Built a more risk-aware culture, focusing on cybersecurity training, 3rd party risk management, and prepayment modeling► Created the Bank’s first Risk Appetite Statement linked to the risk assessment process► Introduced a more comprehensive dashboard for the Board Risk Management Committee that included a clearer view of key risk metrics and early warning triggers► Identified weaknesses in management’s testing of key controls. Selected an independent 3rd party to test controls with more timely and thorough results and a cost savings to the Bank.► Launched a business continuity and disaster recovery discipline to develop better remote work protocols and enhanced training for all managers. Finished training in December 2019 and activated the new protocols in March 2020.
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  • Steller-Grace Consulting
    President | Enterprise Risk Management, Model Risk, Regulatory Compliance
    Steller-Grace Consulting Jan 2017 - Dec 2018
    St. Paul, Minnesota, Us
    A former colleague encouraged me to launch my own consulting practice and coincidentally needed my help at that time. He was focused on strengthening his bank’s model risk environment after errors were detected in its valuation and trading floor models. In this role I successfully:► Enhanced my client’s model risk management framework in preparation for a regulatory exam.► Created monitoring tools to enhance the bank’s model inventory, track open findings from regulators and internal control functions, and oversee progress on corrective action plans.► Collaborated with my client and his team to create new policies and procedures, then developed a template to establish standards for model documentation.► Implemented new model validation processes to improve the model control environment, including spreadsheets and other End User Computing (EUC) tools.► Developed a framework to evaluate the maturity of a risk management function for another bank, using COSO standards and regulatory expectations.
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  • The Options Clearing Corporation
    Chief Risk Officer (Cro) | Cybersecurity, Enterprise Risk Management, Capital & Liquidity Risk
    The Options Clearing Corporation Jan 2015 - Oct 2016
    Chicago, Illinois, Us
    Options Clearing Corp is the world’s largest equity options clearing house. A leading executive recruiting firm approached me to join the company based on my risk management expertise that helped AIG survive the 2008 Financial Crisis.As Chief Risk Officer, I was immediately responsible for:— Resolving, as quickly as possible, 30 open findings from recent SEC exams— Building new processes and documentation to satisfy higher regulatory scrutiny — Enhancing the risk management function by adding needed expertise— Elevating the risk management function by implementing industry best practices During this brief period, I successfully:► Remediated 30 open findings within 6 months of joining the firm► Established and monitored more stringent risk analysis & mitigation standards — including better documentation and retention of evidence — to satisfy SEC requirements► Rebuilt the Corporate Risk team, adding fresh talent — at a lower cost — with expertise in cyber/technology risk, third-party risk, counterparty and credit risk, and model risk ► Developed an ERM maturity framework that aligned the business’ needs with regulatory guidance and industry best practices► Introduced thematic risk-assessments to identify the impact of a specific risk on siloed functions and processes within the company► Created and implemented a governance structure for stress testing, leading to a broader range of scenarios with a special focus on liquidity and operational risks ► Implemented more precise measurements of capital needed to cover the company’s operational risk.
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  • Aig
    Senior Managing Director For Strategic Planning, Global Treasury & Capital Markets
    Aig Jan 2010 - Jan 2015
    New York, Ny, Us
    After I successfully helped AIG survive the initial shock of the financial crisis, the company created another new role for me. I was hand-picked by the Vice Chairwoman for the integration team that centralized Strategic Planning, Global Treasury, and Capital Markets functions that were previously siloed so we could restructure the Company to ensure its long-term viability. In this role, I successfully:► Launched a new committee that actively managed AIG’s risks and capital across subsidiaries, leading the company to have a stronger balance sheet while also paying off government support.► Invited by the Vice Chair to create a new model that quantified how a novel recapitalization plan would enable the Company to accelerate repayment of its debt, which resulted in the debt being repaid two years early. The recapitalization plan eventually generated a $22 billion surplus for the US Treasury.► Applied my banking experience to prepare AIG for the new regulatory standards as the first Systemically Important Financial Institution (SIFI) under the Dodd-Frank Act.► Created the first business continuity plan for AIG’s new centralized function and led its execution after Super Storm Sandy flooded our offices in Lower Manhattan.
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  • Aig
    Director Of Liquidity Risk | Liquidity Risk, Funding, Enterprise Risk, Restructuring
    Aig Mar 2008 - Jan 2010
    New York, Ny, Us
    AIG is one of the world’s largest insurance companies with business lines in Property & Casualty, Life, and Retirement. A former colleague from Citigroup approached me and asked if I would join AIG to help the Company better evaluate its liquidity risk and create a contingency funding plan in the event of a market crisis. After meeting with the CRO, Treasurer, and Controller and several other senior executives, AIG created a new role for me based on my expertise in liquidity risk, enterprise risk, and derivatives markets. I became AIG’s first Director of Liquidity Risk in March 2008 — the same week Bear Stearns failed — and became a key member of the team that guided AIG through the 2008 Financial Crisis and the Company's subsequent restructuring that repaid the Federal Government in full.My immediate responsibilities included:— Quantifying the potential liquidity shortfall in the event of a crisis— Mitigating liquidity risk where possible by matching the tenure of assets and related funding— Developing and executing an actionable contingency funding plan — Chairing the new Liquidity Risk Committee to develop a firm-wide response to market eventsIn this role, I successfully:► Executed a $30 billion reduction of a $70 billion liquidity exposure on a short-funded securities lending portfolio► Identified $85 billion in unencumbered assets that served as collateral to secure a Federal Reserve loan to AIG in September 2008► Generated over $3 billion in cash to pay down government support by re-securitizing RMBS, which also stabilized the company’s liquidity and asset-liability positions.► Collaborated weekly with the New York Fed’s oversight team on current and projected liquidity exposure, focusing on progress and potential risks to repayment of their support.
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  • Jpmorgan Chase Bank, N.A.
    Svp, Chase Home Finance | Sub-Prime Mortgages, Sub-Prime Mortgage Servicing, Derivatives
    Jpmorgan Chase Bank, N.A. Sep 2002 - Mar 2008
    Six months after I joined the company, the CEO of Chase Home Finance invited me to expand my role and take over a separate sub-prime mortgage valuation unit. I managed an additional team that focused on the sub-prime mortgage risk, leveraging and applying the new models as they were being developed for prime mortgages.Concurrent with my prime mortgage role, I achieved several notable successes with my sub-prime team:► Improved the sub-prime team’s analytical capabilities by utilizing a Monte Carlo model with a forward curve, thereby generating a market risk profile with partial durations across the yield curve. ► Based on the consistent results generated by my model, Chase did not offer any of the “creative” mortgage products that caused the sub-prime crisis that began in 2007.
  • Jpmorgan Chase Bank, N.A.
    Svp, Chase Home Finance | Prime Mortgages, Mortgage Servicing, Derivatives, Interest Rate Risk
    Jpmorgan Chase Bank, N.A. Mar 2002 - Mar 2008
    At the time, Chase Home Finance, the retail mortgage division of Chase Manhattan Bank, was one of the largest mortgage companies in the country. Based on my expertise in evaluating and hedging the option risks of consumer mortgages,an executive recruiter approached me about a new role being created at Chase Home Finance. Since their hedging process was not properly tracking the assets, executive management decided an independent risk team was needed to evaluate its performance and recommend changes. As SVP, my immediate responsibilities included:— Launching and staffing a Risk Management and Valuation Control function. — Creating and implementing a new analytical framework that ensured more accurate measures of value and risk sensitivity of mortgage assets and related hedges.— Ensuring that reporting of the business unit’s income is appropriate, given their risk profile and market activity, and conforms to GAAP standards. In this role, I successfully:► Implemented a rigorous valuation control process for Chase’s prime and sub-prime mortgage servicing rights (MSR) portfolio using VARs well as delta, gamma and vega.► Created a daily independent valuation of assets and hedges, replacing the monthly process used previously. ► Introduced the first independent testing of all proposed accounting entries, once I recruited a team that specialized in using market data and changes in the risk profile to evaluate financial results.► Spearheaded a project to create and implement a new valuation model for prime MSRs, utilizing a term structure model with a Monte Carlo process and resulted in better hedge results.► Enhanced the existing economic capital model that generated discrete amounts of capital for market risk, operational risk, business risk, liquidity risk and credit risk.
  • Citi
    Vp, North American Consumer Bank | Interest Rate & Liquidity Risk, Mortgages, Credit Cards, Deposits
    Citi Jun 1999 - Mar 2002
    New York, New York, Us
    Based on my successful risk management of mortgages and consumer deposits, I was promoted to oversee all the market risk within the North American Consumer Bank.In addition to my previous responsibilities with mortgages and consumer deposits, I was responsible for:— Managing the market risk of credit cards, student loans, and sub-prime consumer loans— Integrating the interest rate & liquidity risk for credit cards, student loans, and subprime loans with mortgages and the consumer bank, with balance sheet of $220 billion— Designing a Y2K contingency funding planWith these new responsibilities, I successfully:► Quantified the structural characteristics and identified significant natural offsets, focusing on using consumer deposits to fund the credit cards► Implemented a Y2K contingency funding plan for the North American Consumer Bank. While this contingency plan was not used for Y2K, it was used in the days following the 9/11 attacks to provide funding to Citi’s consumer and business clients.
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  • Citi
    Vp, Market Risk | Interest Rate Risk, Liquidity Risk, Mortgages, Mortgage Servicing, Consumer Loans
    Citi Jan 1996 - Mar 2002
    New York, New York, Us
    I had applied for the role of VP, Market Risk Manager but did not get the position. However, the hiring manager and I became friends. Two years later, he called me to say the individual he had originally hired was leaving and he asked me if I was still interested in this role.My immediate responsibilities included:— Evaluating the interest rate & liquidity risk for $15 billion dollar of mortgage loans, a $65 billion mortgage-servicing portfolio, and a $40 billion dollar consumer bank business— Relocating the mortgage risk management function from St. Louis to New York— Quantifying the natural offsets between consumer assets and consumer liabilities— Enhancing risk metrics for mortgage servicing and the mortgage origination businesses In this role, I successfully: ► Relocated the mortgage risk function to New York and hired and trained a new team.► Restructured risk measurement for the mortgage business when prepayment speeds accelerated, resulting in a new hedging strategy that generated additional revenues of $117 million.► Created a new liquidity risk measurement process that provided timely information that reduced funding risk during the turmoil of the Russian financial crisis.
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John Grace Skills

Risk Management Financial Modeling Capital Markets Financial Risk Portfolio Management Market Risk Financial Analysis Banking Investments Fixed Income Financial Services Finance Insurance Investment Banking Equities Management Strategic Planning Derivatives Financial Strategy Liquidity Liquidity Risk Management Equity Derivatives Fixed Income Derivatives Fx Derivatives Enterprise Risk Management Market Risk Management Treasury Liquidity Management Liquidity Analysis Alco Liquidity Solutions Foreign Exchange Risk Management Interest Rate Hedging Agency Mbs Secondary Mortgage Market Mortgage Analytics Mortgage Consulting

John Grace Education Details

  • The University Of Chicago Booth School Of Business
    The University Of Chicago Booth School Of Business
    Finance
  • Loyola Marymount University
    Loyola Marymount University
    Economics

Frequently Asked Questions about John Grace

What company does John Grace work for?

John Grace works for Treliant

What is John Grace's role at the current company?

John Grace's current role is Managing Director | Enterprise and Operational Risk, Capital and Liquidity, ALM, Business Continuity.

What is John Grace's email address?

John Grace's email address is jo****@****ank.com

What schools did John Grace attend?

John Grace attended The University Of Chicago Booth School Of Business, Loyola Marymount University.

What skills is John Grace known for?

John Grace has skills like Risk Management, Financial Modeling, Capital Markets, Financial Risk, Portfolio Management, Market Risk, Financial Analysis, Banking, Investments, Fixed Income, Financial Services, Finance.

Who are John Grace's colleagues?

John Grace's colleagues are Declan Mcginn, Krista - Lee H., Kivash Naidoo, Karol Piotr Nowak, Christopher Riti, Ola Atanda, Ciaran Rouse.

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