Nick Tornabene Email & Phone Number

San Antonio, Tx, Us

San Antonio, Texas, United States

Accountable for maintaining the Bank’s compliance with applicable accounting standards and regulatory guidance related to the establishment of credit loss reserves. Additionally, designing, building, maintaining, and executing forecasting infrastructure in support of quantitative loss estimations while also applying a prudent and structured qualitative framework to ensure appropriate loss estimates. Ownership of the generation of loss reserve proposals and presentation to senior audiences up to and including the Board of Directors.

San Antonio, Texas

As the Director of Quantitative Risk Management for CECL, Credit Risk Stress Testing, ALLL, & Model Implementation, I lead development, implementation, and production to ensure compliance with all relevant state and federal laws and internal expectations. I work closely with cross functional organizations, including Credit Risk, Regulatory Reporting, Accounting, Risk Management, Finance, Treasury, Product Line Management, and other control partner functions while ensuring compliance with supervisory and regulatory expectations. Working to enhance existing portfolio analytics and business intelligence teams to produce best-in-class information in achieving the objectives of the Portfolio Management function. I work with internal and external stakeholders including auditors, regulators from the OCC, Federal Reserve, FDIC as well as Board of Directors and Executive Committees. I have ownership of the outcome by driving the agenda and bringing teams together.

Greater Chicago Area

Coordinate and interact with key stakeholder groups across multiple jurisdictions in order to ensure that the stress test execution meets Senior Management and Regulatory requirements detailed in the pertinent standards and regulations. Direct interaction with the senior executives, internal and external auditors and regulators.• CCAR and Mid-Cycle DFAST Credit Program Manager for a portfolio with over $70B in assets; successfully completing six submissions; meeting program-imposed compressed deadlines with 100% pass ratings from Internal Audit.• Member of the CECL Implementation Program Team• Focused on execution and strategic continuous improvement in the Credit Risk stress testing lifecycle and developing process improvements, which resulted in shortening CCAR/DFAST execution time by over 36%.• Lead on the launch of two new Retail product offerings and quantified the potential impact of acute stress on risk capital to establish the best risk-based pricing for optimum return.• Selected for and completed the Leadership Development Program.• Performed gap assessment of the off-balance sheet reserve process and developed solutions for identified gaps.• Authored the Credit Risk Stress Testing Overlay Framework in 2015, with annual revisions.• Engineered the incorporation of a new data feed, decreasing costs by 250% and increasing efficiency through automation.• Work with Model Development, Validation, and Governance during development and performance monitoring and provide sign-off. Author fit-for-use analysis for approval by Model Validation.• Provide regulatory responses relating to Credit Risk, stress testing, allowance and provisioning, and model use.• Attend Current Expected Credit Loss (CECL) seminars in preparation for implementation.• Coordinator of Target Plan EL, which includes the aggregation of charge-off and recovery forecasts.• Direct a team of analysts, coordinating the delegation of projects and tasks.

Chicago, Illinois

Provided oversight of the Risk Appetite Framework, conducted economic and peer analysis, kept current with regulatory updates, and liaised in regards to certain regulatory matters for Risk Management. Coordinated the development of the Key Risk Metrics and methodology for the corresponding Risk Tolerance Ranges for multiple Risk Appetite Statements throughout the bank.Was actively involved in interpreting macroeconomic indicators and preparing reports and presentations to inform senior management. Accountable for developing a framework to align the Risk Appetite planning process with other functional areas, including Stress Testing, Capital Management, Finance, and Strategic Management.Facilitated portfolio management accountabilities tied to Risk Appetite, including additional analysis, additional dashboard development for new segments, trend and root cause analysis, etc. Leveraged the use of statistical analytic tools and methodologies to mine data to support credit policy and strategy recommendations.Maintained a clear understanding of Basel III requirements under OSFI and U.S. regulatory rules.• Developed 12 segment-level dashboards for Risk Appetite tracking.• Leveraged statistical analytic tools and methodologies to mine data to support credit policy and strategy recommendations.• Co-authored the Bank’s U.S. Risk Appetite Framework, compliant with heightened standards.• Coordinated the development of Key Risk Metrics and the methodology for the corresponding Risk Tolerance Ranges as part of multiple Risk Appetite Statements and Dashboards.

Greater Chicago Area

Developed and tracked of Risk Appetite Statements and RWA Limits and Thresholds. Worked on a globally consistent and structured approach to the management, measurement, and control of risk using processes, policies, metrics, and governance bodies to address Risk Appetite as part of ongoing business.Identified opportunities to mitigate the company’s loss exposure. Highlighted market conditions and customer risk factors, then summarized findings and made recommendations to executive management. Analyzed consumer financial profiles and company objectives against various loss models to maximize recovery and convert investments to performing status. Analyzed financial projections on existing customers to assess credit worthiness to assist in evaluating credit risk and future business potential.Acted as a liaison to the Global Businesses on the adoption of new regulatory changes. Interpreted CCAR instructions and differences between CCAR and CRD IV requirements. Performed gap analyses to identify any potential areas not meeting requirements.• Generated the RWA and Basel Metrics portion for 2013 CapPR and 2014 CCAR and subsequent submissions to the Financial Services Authority, Prudential Regulation Authority, and European Banking Authority.• Designed, developed, and implemented a portfolio strategy that connected Risk, Capital Management, Stress Testing, Strategy, Finance, and the Lines of Business in accordance with the Risk Appetite Statement and Risk Appetite Guidance aligned to both CCAR and CRD IV capital requirements.• Managed economic scenario analysis to ensure the bank’s current operating environment aligned with the correct risk scenario.• Oversaw the development of new models to track and predict Global Business capital consumption.• Assigned as a team lead on Key Risk Metrics development; aligned to Global and Local standards.• Appointed as the Risk Strategy Good Governance Representative for outstanding procedure writing and documentation.

Greater Chicago Area

Chosen to run a banking center in which the primary clientele were commercial and small business customers. Acted as the liaison between treasury management, commercial banking, business banking and the clients. Created detailed business proposals which included treasury management services and products and services unique to each industry.Developed and trained staff using effective coaching techniques which ensured customer satisfaction and the achievement of goals and objectives. Conducted monthly sales and coaching meetings as well as weekly mentoring sessions with direct reports. Adhered to the prescribed security controls to protect the Banking Center against criminal and fraudulent operations and unnecessary risk or exposure. Analyzed and interpreted financial reports, legal documents, governmental regulations, government forms, and technical procedures. Introduced policies and procedures to achieve better efficiency.• Responsible for management aspects of a banking center of which the primary clientele were commercial customers.• Serve as the liaison between treasury management, commercial banking, and the client.

Greater Chicago Area

Key role was small and medium enterprise business banking development. Successfully engaged new customers through careful analysis of financial statements and records to determine what service opportunities could be offered that best served clients’ needs. Selected to address issues at several underperforming banking centers. Managing the key aspects of business and compliance measures, the first center experienced an increase in sales of more than 16% within three months. The second banking center achieved operational excellence within two months. The third achieved a month-to-date customer satisfaction increase of 30% within one month.Conducted the closing of a banking center as the lead project manager. Coordinated meetings with vendors to discontinue service and organize the removal of items. Managed the relocation of associates, effectively responded to customer concerns, and finished all assigned tasks ahead of schedule.• Assigned to address issues at three different banking centers. The first center experienced an increase in sales by more than 16% within three months. The second banking center achieved operational excellence within two months of the assignment. The third achieved a month-to-date customer satisfaction increase of 30% within one month.• Accomplished the successful closing of a banking center, responsible for all aspects of project management.• Consistently met 110% of sales and customer satisfaction goals.

Greater Chicago Area

Responsible for an operating budget of $12 million and a staff of 30, which included IT activity, improvement of the company’s business model, and management of special projects. Prepared pro forma income statements, the corporate balance sheet, the cash flow statement, and annual sales forecasts. Financial forecasts were made using trend analyses applied to the pro forma income statement. Created statements of work (SOW) for project estimation and to outline requirements.Performed both qualitative and quantitative research and analyses to determine risks and feasibility of projects. Qualitative research involved focus groups and person-to-person interviews. Quantitative research was conducted using market survey analyses, cost benefit analyses, and statistical performance metrics.Increased the company’s growth by securing new partners and by delivering new projects. Completed in-depth vendor risk assessments with new partners and created quality control standards for all partners.• Maximized an operating budget of $12 million and managed a staff of 40.• Advanced the introduction of leading-edge applications and printing technology which streamlined workflow and expanded production capabilities, resulting in increased sales by an average of 23% each year.• Restructured the company from traditional printing operations to digital operations in less than one year.

Chicago, Il

Second largest market data and news provider to global exchanges, institutional investors, and private investors.Built forecasting models using live data feeds for intra-day trading clients. Assisted in the development of predictive regression models using SAS for algorithmic trading. Served as the subject matter expert for bond, futures, equity and option clients; trained clients in each specialty. Developed advanced professional charts based on individual end user requirements.Appointed as Midwest Lead Product manager for the Bond Analytics program, customizing the product deliverables based on client needs, competitor analyses, and market research.Built credibility, established rapport, and maintained communication with stakeholders at multiple levels, including those external to the organization. Coached, mentored, and led personnel within a technical team environment. Learned the complexity of market data feeds, including installation, system organization, exchange permissions, platform and workstation setup, and trading requirements. Assigned to oversee team projects as the project manager for major installations and platform conversions.• Completed strategic IT planning for both delivery and infrastructure.• Tailored products of prospective clients to each of their unique financial markets.• Appointed as Lead Product Manager for the Midwest of a sophisticated Bond Analytics program.

Lagrange, Il

Elmhurst, Il

Master Of Science In Predictive Analytics, Predictive Analytics

The MSPA program uses real-world problems and situations to prepare graduates for roles as strategic thought leaders who leverage.

Mba, Entrepreneurship And International Business

Activities and Societies: Beta Gamma Sigma

Dbb, Doing Business In Brazil Study Abroad Program

DBB – Doing Business in Brazil has been offered since 2001 by FGV-EAESP and has the objective to provide a vision of Brazil's political.

Bachelor Of Science In Commerce, Dual Majors In Finance And Marketing

Activities and Societies: DePaul University Dean's List, Delta Mu Delta (National Honor Society for Business), Golden Key Honor Society.