Jon Read Email & Phone Number

Charlotte, Nc, Us

Charlotte, Nc, Us

Charlotte, North Carolina, United States

Charlotte, North Carolina Area

Expertise in credit risk management, modeling and underwriting practices within various credit products, specializing in the retail and consumer credit portfolios.Assess the credit risk profile and evaluate the efficacy of risk management practices within the loan portfolio, including development and implementation of the supervisory strategy, ongoing monitoring of exposures and trends in the portfolio, identification of emerging risks and management strategy for mitigation of such risks, and participation on certain exams of risk management practices.Analyze internal reports, conduct discussions with institution management, review industry information, and research risk topics affecting the financial services industry.Execute continuous monitoring programs, target inspection activity, and related industry surveillance to participate in the development of policy and guidance decisions for industry-wide risk issues.Perform analysis of institutional balance sheet management risk profiles. Identify and contribute to resolution of emerging risk issues.Evaluate the adequacy of the Allowance for Credit Losses and ensure compliance with GAAP and supervisory guidelines.Monitor bank’s Internal Audit program and ensure resolution of audit findings.

Charlotte, North Carolina Area

Greater Denver Area

- Led financial safety and soundness examinations for banking organizations with the responsibility to assign CAMELS ratings. Present examination findings to senior bank management and the board of directors.- Work in numerous exam leadership roles; including examiner-in-charge, operations manager and asset quality manager.- Analyze and assess institution’s loan portfolios, credit risk management practices, underwriting practices, ALLL adequacy, CRE stress-testing and individual credit relationships. This includes the evaluation and classification of retail, CRE, and C&I credits through financial analysis of a borrower’s repayment capacity, including debt service coverage ratio and numerous other financial metrics. Experience reviewing and classifying complex commercial credits.- Assess bank’s capital, earnings, liquidity and sensitivity to market risk.- Perform extensive analysis of a bank’s balance sheet and income statement.- Develop recommendations for senior bank management to incorporate into their overall financial risk management framework.- Participate on BHC Reviews and served as the central point of contact for a portfolio of small bank holding companies.

Greater Denver Area

- Coordinated the preparation of the District Check Processing budget which totaled over $50 million and developed monthly cost variance reports to ensure we didn’t exceed cost targets. In this role, I performed analyses and made recommendations that helped the department remain under budget at the end of the year. - Performed monthly general ledger account reconciliation for five departments and audited general ledger entries to ensure they were entered in compliance with Federal Reserve accounting policies. - Trained new analysts, supervisors and staff on new processes and procedures that made our department more efficient. I led implementation efforts for new processes that helped our operations generate additional credit float of over $100,000 in a one year period and developed standardized templates in Excel that reduced certain report formulation from three hours to fifteen minutes.- Audited both our billing and accounts payable areas to ensure incoming and outgoing invoices were accurate. Through analysis, I was able to identify a situation in which we undercharged a set of customers by $25,000. In another instance, I recognized an error in an invoice and helped our department save $4,000 by not paying for a service that wasn’t billable. - Managed a national project to develop best practices that would improve our customer service quality. Our team was able to develop three best practices that were voluntarily adopted by all Federal Reserve Offices.