Marcelo Agapito Fernandes Email & Phone Number

Washington, District Of Columbia, United States

 Currently working to modify financial risk framework (capital adequacy, liquidity, risk appetite) in light of a new capitalization and implementation of a new business model for IDB Invest, including the approach towards the G20 CAF recommendations. Responsible to provide early guidance to different business areas to remain within limits and optimize capital utilization. Developed, implemented, and maintained key financial risk policies (risk appetite, capital adequacy, and liquidity) approved at the Board level, followed by respective reports and controls. Implemented the Economic Capital Model and subsequent migration to a robust platform. Responsible for stress testing, and credit rating agencies, in partnership with Financial Planning. Implementation and maintenance of the market risk framework, including system, limits, and governance. Implementation of CECL and responsible for quarterly loss allowance calculation. Developed credit portfolio management tools and reports to monitor credit portfolio and steer credit origination towards defined metrics (concentration, growth, asset allocation, and other limits). Implementation of RAROC tool, processes, and governance. Participation in several key institutional projects, creating partnerships with IT. Implemented the Operational Risk function, including risk control assessments, KRI, policies, and governance. Development of the team to cover information security and cyber risk. Participation in key institutional projects to mitigate operational risk. Implementation of the internal control unit, as part of the operational risk team. Provided institutional training and advice to senior management on several topics. Member of the Portfolio Supervision Committee and the Extended Leadership Management Team. Frequent interactions and presentations to the Board of Executive Directors. Hiring, developing, and management of a growing diverse high-performance team.

Washington D.C. Metro Area

São Paulo Area, Brazil

São Paulo Area, Brazil

Balance Sheet Management / Active Credit Portfolio Management Executive Director (2013)Senior Vice President (2009)Head of ACPM (Active Credit Portfolio Management), reporting to the Global Head of ACPM in Madrid and the Treasurer in Brazil. Main responsibilities and results:• Designed, implemented and managed the XVA book (MtM of US$ 2 billion), including credit pricing of all the swaps and recommended changes to the guarantee terms (thresholds, MTA, collaterals, guarantees, etc.). • Designed, implemented and managed the Loan Book, including the incentives structure, advising and controlling the approval of the major loans (>US$ 50 million).• Trading and hedging positions (interest rates and foreign exchange), generating an accumulated positive result of US$ 40 million.• Participation in executive committees, presenting proposals and project status. Regular meetings with senior bankers, heads of sales and products to discuss strategies and credit portfolio issues.• Operations and strategies to optimize capital consumption and RAROC through the use of CDSs, sale of assets in the secondary market, and management of bonds portfolio. Direct contact to many financial institutions. Managed a CDS book of more than US$ 1 billion, asset sales of more than US$ 1.5 billion, and a Bond portfolio of US$ 105 million.• Managed and controlled the capital consumption of the wholesale division, in cooperation with market risk and finance departments. Reduced RWA by more than US$ 10 billion.• Developed and implemented an originate-to-sell culture, optimized the usage of limits, as well as incentives for the sale of credit assets in the Brazilian and offshore secondary market.• Analyzed and produced detailed reports of the loans portfolio (US$ 35 billion) and derivatives.• Analyzed and issued balance sheets and liquidity reports, representing the division on ALM matters.• Proposed and managed projects to improve systems, maximize results and improve portfolio analysis.

São Paulo Area, Brazil

Credit Portfolio ManagementSenior Vice President (2007)Head of Credit Portfolio Management. Main responsibilities and results: • Management of the Economic Capital framework for all risk types.• Managed the Basel II project (credit risk), also acting as a focal point and center of excellence.• Capital-based pricing of the corporate portfolio. Responsible for the Loan Pricing Tool.• Analysis and control of the corporate credit portfolio.• Product approval, assessing issues related to the department’s mandate.• Restructured the area in March 2008, introducing new responsibilities: MIS, analysis of the retail portfolio and a consolidated approach to the other types of risk. Team of 25.• In April 2008, chosen to represent the risk area at Santander’s headquarters in Madrid, as responsible for the separation of Banco Real from ABN AMRO NV. Later was responsible for the post-merger integration of the Bank with Santander in Brazil.• In September 2008, took responsibility for calculating and reporting credit provisions (Brazil and Spain accounting rules), as well as controlling the division’s expenses and planning. Increased the team to 35.• Member of the following committees: Real/Santander Global Risk Committee, Product Approval Committee, Capital Allocation Committee, Basel II Implementation Committee, Executive Credit Committee, Cross Border and Funding Committee, Basel II and Credit Risk Taskforce at FEBRABAN – Brazilian Bank Federation.

São Paulo Area, Brazil

Vice President (2005)Assistant Vice President (2003) Head of Credit Ratings & Portfolio Management, responsible for coordinating and implementing the Basel II project for retail and corporate portfolios, including:• Design, implementation and management of the Economic Capital framework, one of the bank’s main management metrics.• Design, modeling and validation of PD, LGD and EAD risk parameters for the corporate portfolio.• Data sourcing of the entire Basel II program.• Selection and implementation of the RWA calculation tool (Fermat).• Management of a team comprised of 10 employees and 10 consultants.Developed and implemented credit portfolio management tools to improve RAROC and capital allocation within the bank. Nominated for membership of several global committees and taskforces, representing Brazil.

São Paulo Area, Brazil

Market Risk ManagementMarket Risk Consultant (2000)Junior Analyst (1997)Main responsibilities and results: • Key role in the design and implementation of the market risk department, including all aspects such as value-at-risk, curves, stress tests, back-tests, volatilities, reporting, product approval, definition of limits and hedging strategies.• Development and management of market risk in other LATAM countries. • Coordination of a team of junior analysts• Replaced LATAM Market Risk Managers during their vacation leaves. • Leading role in managing projects to improve the IT platform.• Key role in the post-merger integration of ABN AMRO with Banco Real at the end of 1998. • Participated in the selection and implementation of QRM as the ALM management tool.

São Paulo Area, Brazil

Budget Planning and ControlJunior Financial Analyst (1997)Intern (1996)Analyzed and closed monthly economic and financial reports; analyzed the result of several branches, controlled investments, analyzed variations between actuals and budget, and monthly reports for directors and shareholders.

Professional Master’S Degree In Business Administration

Bachelor, Production Engineering