Michael Mccormick Email and Phone Number
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I am a results-driven finance professional with a strong background in capital markets, treasury management, and structured credit. With over a decade of experience, I have had the privilege of working with prominent financial institutions, startups, and green energy companies, contributing to their growth and success.My journey in finance began with a solid educational foundation, earning a Master's degree in Statistics from Columbia University and dual Bachelor's degrees in Statistics and Economics from the University of Rochester.Throughout my career, I have taken on diverse roles that have honed my expertise in securitizations, loan sales, and risk analysis. As a Director of Capital Markets, I have successfully negotiated and secured over $3 billion in financing for various ABS and RMBS issuers. My ability to collaborate with multiple stakeholders, including banking, legal, and rating agencies, has proven essential in achieving optimal outcomes. I take pride in my strong analytical skills and proficiency in various financial software, including Bloomberg, INTEX, Python, S+ / R, SAS, SQL, and Visual Basic (VBA). These tools have empowered me to evaluate market risks, develop accurate valuation models, and optimize revenue and liquidity management for the companies I have been associated with.In addition to my expertise in structured credit collateral such as MBS, ABS, CMBS, CLO, and CDO, I have also successfully led treasury departments and managed daily operations, reporting, and covenant compliance for significant warehouse banking facilities.As a continuous learner, I am always eager to adapt to the dynamic financial landscape and align strategies with current market trends. My dedication to excellence has resulted in significant reductions in financing expenses, increased revenue, and improved operational efficiencies.I am open to networking opportunities, collaborative ventures, and discussions about industry trends. Please feel free to connect with me, and I look forward to engaging with like-minded professionals who share a passion for finance, innovation, and sustainable growth.
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Senior Director Of Capital MarketsAchieve Sep 2024 - Present
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Director Of Capital MarketsAchieve Oct 2022 - Sep 2024
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Director Of Capital MarketsRain City Capital Nov 2021 - Oct 2022Kirkland, Washington, Us𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐋𝐨𝐚𝐧 𝐒𝐚𝐥𝐞 𝐟𝐨𝐫 𝐏𝐫𝐨𝐟𝐢𝐭 𝐌𝐚𝐱𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:Formulated a meticulous loan sale strategy, overseeing $300MM in loans across diverse products and investors. Resulted in a 20% increase in profit margins through successful sales execution, reflecting strategic insights and effective negotiation.𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐋𝐢𝐪𝐮𝐢𝐝𝐢𝐭𝐲 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:Implemented a loan warehouse management strategy that achieved a significant 10% reduction in financing expenses, enhancing operational cost-effectiveness. Additionally, this initiative optimized liquidity, showcasing adept financial management. -
Director Of Capital MarketsYgrene Energy Fund Oct 2017 - Nov 2021Miami, Fl, Us𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐋𝐞𝐚𝐝𝐞𝐫𝐬𝐡𝐢𝐩 𝐃𝐫𝐢𝐯𝐢𝐧𝐠 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐎𝐩𝐭𝐢𝐦𝐢𝐳𝐚𝐭𝐢𝐨𝐧:Led the capital markets and treasury departments, orchestrating revenue and liquidity management for a 300-person green energy startup. 𝐒𝐮𝐜𝐜𝐞𝐬𝐬𝐟𝐮𝐥 𝐀𝐁𝐒 𝐒𝐞𝐜𝐮𝐫𝐢𝐭𝐢𝐳𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐧𝐠:Spearheaded negotiations for 7 ABS securitizations, resulting in a more than $1.8B raised. Coordinated seamlessly with banking, legal, and rating agencies, demonstrating adept negotiation skills and effective collaboration.𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐚𝐧𝐝 𝐑𝐞𝐝𝐮𝐜𝐞𝐝 𝐅𝐞𝐞𝐬:Oversaw daily operations and compliance of a $350mm warehouse banking facility with 4 banks, ensuring seamless financial operations. Sourced, negotiated, and secured $400mm in warehouse and term financing, contributing to a 15% decrease in financing costs. Additionally, achieved a 35% reduction in securitization fees, demonstrating efficient expense management and enhancing overall cost-effectiveness. -
Associate: Valuation SpecialistDavidson Kempner Capital Management Jul 2013 - Sep 2017New York, New York, Us𝐕𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐨𝐫 𝐃𝐢𝐯𝐞𝐫𝐬𝐞 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐬 𝐏𝐨𝐫𝐭𝐟𝐨𝐥𝐢𝐨:Evaluated and determined precise market valuations for each investment in a substantial $3B US and European structured credit portfolio. 𝐂𝐨𝐦𝐩𝐫𝐞𝐡𝐞𝐧𝐬𝐢𝐯𝐞 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐝 𝐂𝐫𝐞𝐝𝐢𝐭 𝐑𝐢𝐬𝐤 𝐐𝐮𝐚𝐧𝐭𝐢𝐟𝐢𝐜𝐚𝐭𝐢𝐨𝐧:Quantified risk for 400 structured credit investments by employing advanced modeling techniques to assess default probability, loss given default, and prepayment rates. This quantitative approach contributed to a reduction in portfolio risk exposure, enhancing decision-making and risk management.𝐑𝐢𝐠𝐨𝐫𝐨𝐮𝐬 𝐌𝐨𝐝𝐞𝐥 𝐀𝐮𝐝𝐢𝐭𝐢𝐧𝐠 𝐚𝐧𝐝 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐦𝐞𝐧𝐭:Conducted meticulous audits of 25 private credit investment models, ensuring precision in cashflow projections and valuations. By rectifying inconsistencies, I achieved an increase in model accuracy, fortifying the foundation for informed investment decisions and risk assessment. -
Vice PresidentAmbac Jun 2008 - Jul 2013New York, Ny, Us𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐑𝐢𝐬𝐤 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭 𝐚𝐧𝐝 𝐋𝐨𝐬𝐬 𝐌𝐢𝐭𝐢𝐠𝐚𝐭𝐢𝐨𝐧:Created sophisticated loss projection models and proposed effective loss mitigation strategies for a substantial $20B RMBS insurance portfolio. This proactive approach resulted in a reduction in potential losses and enhanced the securitization's returns. 𝐂𝐮𝐬𝐭𝐨𝐦𝐢𝐳𝐞𝐝 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭 𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐲 𝐟𝐨𝐫 𝐄𝐧𝐡𝐚𝐧𝐜𝐞𝐝 𝐑𝐞𝐭𝐮𝐫𝐧𝐬:Formulated a tailor-made investment strategy for RMBS and CDO investments, leading to a remarkable 40% increase in returns on a $500M portfolio. -
Vice PresidentBear Stearns & Co. Apr 2007 - Jun 2008Montreal, Qc, Ca𝐏𝐫𝐞𝐜𝐢𝐬𝐢𝐨𝐧 𝐢𝐧 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐌𝐨𝐝𝐞𝐥𝐢𝐧𝐠 𝐚𝐧𝐝 𝐂𝐨𝐦𝐩𝐥𝐢𝐚𝐧𝐜𝐞:Led the development and rigorous auditing of SQL and Intex DealMaker cashflow models for 30 RMBS and ABS transactions. Ensured an impeccable level of accuracy and compliance.𝐒𝐭𝐫𝐚𝐭𝐞𝐠𝐢𝐜 𝐒𝐭𝐫𝐮𝐜𝐭𝐮𝐫𝐞𝐝 𝐂𝐫𝐞𝐝𝐢𝐭 𝐑𝐢𝐬𝐤 𝐀𝐬𝐬𝐞𝐬𝐬𝐦𝐞𝐧𝐭:Assessed credit risk for structured credit trades totaling $500M, meticulously analyzing delinquency, default rates, and deal structures. Contributed to informed decision-making.𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐂𝐫𝐨𝐬𝐬-𝐅𝐮𝐧𝐜𝐭𝐢𝐨𝐧𝐚𝐥 𝐂𝐨𝐥𝐥𝐚𝐛𝐨𝐫𝐚𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐄𝐱𝐜𝐞𝐥𝐥𝐞𝐧𝐜𝐞:Collaborated seamlessly with cross-functional teams including traders, risk managers, and legal experts, facilitating the flawless execution of structured credit transactions. This collaborative approach resulted in streamlined operations, improved transactional efficiency, and a notable boost in portfolio performance. -
Ratings AnalystStandard & Poor'S Jun 2004 - Sep 2006𝐇𝐢𝐠𝐡-𝐈𝐦𝐩𝐚𝐜𝐭 𝐑𝐌𝐁𝐒 𝐈𝐬𝐬𝐮𝐚𝐧𝐜𝐞 𝐌𝐚𝐧𝐚𝐠𝐞𝐦𝐞𝐧𝐭:Led the successful credit ratings process for 10 RMBS transactions, meticulously analyzing collateral, cashflow, and legal risks. 𝐐𝐮𝐚𝐧𝐭𝐢𝐭𝐚𝐭𝐢𝐯𝐞 𝐀𝐬𝐬𝐞𝐭 𝐑𝐢𝐬𝐤 𝐄𝐯𝐚𝐥𝐮𝐚𝐭𝐢𝐨𝐧:Diligently assessed the asset risk for over 50 underlying rated mortgage-backed securitizations using sophisticated quantitative models. This comprehensive approach resulted in an enhanced understanding of risk profiles and facilitated informed decision-making. 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐯𝐞 𝐑𝐚𝐭𝐢𝐧𝐠 𝐂𝐫𝐢𝐭𝐞𝐫𝐢𝐚 𝐃𝐞𝐯𝐞𝐥𝐨𝐩𝐦𝐞𝐧𝐭:Spearheaded the development of robust rating criteria for 5 distinct mortgage products, leveraging statistical analysis and close collaboration with management.
Michael Mccormick Skills
Michael Mccormick Education Details
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Columbia UniversityStatistics -
University Of RochesterEconomics
Frequently Asked Questions about Michael Mccormick
What company does Michael Mccormick work for?
Michael Mccormick works for Achieve
What is Michael Mccormick's role at the current company?
Michael Mccormick's current role is Capital Markets | Treasury | Structured Credit | RMBS | ABS.
What is Michael Mccormick's email address?
Michael Mccormick's email address is mp****@****ail.com
What is Michael Mccormick's direct phone number?
Michael Mccormick's direct phone number is +120131*****
What schools did Michael Mccormick attend?
Michael Mccormick attended Columbia University, University Of Rochester.
What skills is Michael Mccormick known for?
Michael Mccormick has skills like Securitization, Structured Finance, Mbs, Fixed Income, Capital Markets, Portfolio Management, Valuation, Abs, Financial Risk, Structured Products, Bonds, Financial Modeling.
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