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SUMMARY: Risk executive with almost 25 years experience across most consumer products and credit risk roles. Leader, culture champion, known for innovation and strong, principled, risk practices.BIO: As a risk executive with almost 25 years committed to improving consumer credit, I bring a wealth of expertise across multiple products including mortgage and home equity, auto (lease and retail), student lending, card, and small business banking from monoline lenders as well as some of the world’s largest banks.Currently, I am the Chief Risk Officer for Home Lending Servicing at Wells Fargo, responsible for a portfolio of around a trillion dollars of mortgage servicing across ~4mm customers, leading a team of 40 risk professionals. My team provides oversight over all aspects of loan servicing including performing servicing, collections, home preservation, loss mitigation, acquisitions and transfers.Over my tenure I have led teams of all sizes including one of the largest analytic teams in Chase with more than 120 analysts spread over eight core sites. Roles have included originations, servicing, and capital markets strategic analysis, data management and data governance, consumer credit policy management, product development & guideline management, establishing risk frameworks and risk appetite limits, consumer credit risk review, emerging risks analysis, loss forecasting, and driving innovation through big data, advanced computing and automation.I am a leader and culture champion. In addition to my roles in Risk Management, I am the co-lead for DE&I communications for Corporate Risk at Wells Fargo. In the past, I was an executive sponsor for the DFW Risk People Council and the DFW Home Lending Culture Council focused on mobility and career development at Chase. In these capacities, I've served over 5,000 Chase professionals in creating a more inclusive environment and in creating pathways for ongoing career growth and success.
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Cro, Head Of Home Lending Servicing RiskWells Fargo Aug 2023 - PresentSan Francisco, California, Us# CRO for the Home Lending Servicing Business -
Managing Director, Head Of Strategic Analytics For Chase Home Lending (Risk)Jpmorgan Chase & Co. Apr 2021 - Jul 2023New York, Ny, UsLeading teams covering Originations, Servicing, Portfolio, Cap Markets, Emerging Risks, Data Execution (for Finance, Forecasting, Modeling, etc.), Data Governance and Controls. $700B+ servicing book and $200B+ investment portfolio. -
Executive Director, Head Of Strategic Analytics For Chase Home Lending (Risk)Jpmorgan Chase & Co. Sep 2018 - Apr 2021New York, Ny, Us
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Executive Director, Head Of Central Forecasting And Strategy For Chase (Risk)Jpmorgan Chase & Co. Oct 2017 - Sep 2018New York, Ny, Us
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Executive Director, Central Strategy TeamJpmorgan Chase & Co. Oct 2016 - Oct 2017New York, Ny, Us
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Executive Director, Mortgage Banking Modeling AnalyticsJpmorgan Chase & Co. Jul 2015 - Oct 2016New York, Ny, Us
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Director, Consumer Credit Risk ReviewAlly Financial Inc. Jan 2014 - Jun 2015Detroit, Mi, Us# Plan, direct, review, and complete credit risk reviews (aka loan reviews) on behalf of Sr. Management and Board of Directors.# Plan and conduct onsite reviews and credit assessments of the Line of Business and Risk functions.# Portfolios include Mortgage, Retail Auto, Auto Lease, RV, and Business Auto (CSG).# Oversee quarterly continuous monitoring process of consumer portfolios.# Manage and direct a team of risk managers and risk analysts. -
Director, Forecasting And ValuationAlly Financial Inc. Oct 2012 - Jan 2014Detroit, Mi, Us# Manage Ally Bank's Portfolio Valuation team.# Model and produce the Allowance for Loan and Lease Losses for Ally Bank's mortgage HFI portfolio ($10B portfolio) and student loan HFI portfolio.# Prepare marks for loans entering Ally Bank's mortgage HFS portfolio. Estimate values for the Bank REO portfolio.# Direct quarterly forecasts and model back tests. Produce monthly and quarterly SOX compliant reporting packages for governance purposes.# Partner with CCAR team to stress test portfolios under various economic scenarios. Produce/present CCAR and DFAST documentation to regulators and senior management.# Work with regulators, including the Federal Reserve, Utah Bank Examiners & the FDIC to ensure transparency in the Allowance for Loan and Lease Loss reserving and CCAR/DFAST processes. # Assist in all internal and external audits of the allowance process including model validation.
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Director, Risk ManagementAlly Financial Inc. Nov 2009 - Oct 2012Detroit, Mi, Us# Assist startup Ally Bank in developing appropriate risk management controls (reporting/analytics)# Manage Ally's Mortgage Data and Analytics teams, producing material for external regulators (the FRB and FDIC), as well as internal clients (finance/accounting/risk).# Monitor portfolios for credit risk concerns, escalating issues and recommendations to CRO and business for resolution. # Manage the development of key risk reports directed towards senior management, the board of directors, and company regulators/auditors. # Create executive messaging for reporting produced across the organization. Present findings to board subcommittees.
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Vice President, Risk ManagerBank Of America Nov 2008 - Nov 2009Charlotte, Nc, Us# Manage the front end Home Loan Analytics team within Enterprise Credit Risk.# Prepare/distribute findings on 1st Mortgage and Home Equity new origination strategies, manufacturing quality, effectiveness of credit policy changes and recent vintage performance.# Assist in the production of monthly Credit Risk Committee reports, including driving summaries and conclusions based on current BAC Home Loan strategies.# Mentor and train staff. -
Vice PresidentIndymac Bank Dec 2006 - Oct 2008Us# Manage the Secondary Marketing Reserve, a $200M SFAS 140 reserve established to offset credit losses. Set accrual rates, test reserve adequacy, prepare/present SOX documentation for senior mgmt review and to internal/external auditors & regulators. Provide litigation support to inside and outside counsel on issues arising from the SMR.# Prepare/distribute monthly loan performance scorecards. Used to rank internal credit personnel, regional CEOs, and counterparties. Results are used to set bonus levels, or terminate poor performers. # Prepare/distribute quarterly production, performance, and profitability trend reporting. Present key findings quarterly to senior management. Provide annual reports to regulators.# Prepare tables for SEC filings including 10-Q, 10-K, and 8-K filings. Prepare earnings call presentation slides related to credit as needed.# Prepare ad-hoc analyses.# Mentor and train staff. Managed an offshore team in India. -
Assistant Vice PresidentIndymac Bank Oct 2005 - Dec 2006Us# Responsible for Mortgage Bank credit reporting and analytics. Prepared and presented reports and summaries to senior management.# Responsible for new product development, primarily expanding Indymac's product offering to Fannie Mae and Freddie Mac.# Streamlined lending guidelines into a more concise ruleset, enabling Indymac to more effectively market our Prime and Alt-A offering.# Worked closely with sales, marketing, capital markets, investor relations, pricing, product implementation (IT) and others to innovate new ideas, research execution, pricing, competitive advantages, expected performance, expected profitability, forecast sales volume, prepare compelling business plans for management approval, and manage the implementation process. # Actual results were measured against forecasts to determine project success.
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Senior AnalystIndymac Bank Sep 2004 - Oct 2005Us# Prepare quarterly subprime performance reports.# Prepare datasets for shared use throughout the department.# Perform necessary ad-hoc projects for management.
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AnalystIndymac Bank Feb 2003 - Sep 2004Us# Prepared guideline comparisons for head of guideline management.# Prepared analytics to test viability of new product development releases from a credit performance perspective.# Worked with industry datasets such as LoanPerformance (aka MIC at the time) ABS and MBS loan level data to benchmark expected performance.
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Consultant (Associate Analyst)Indymac Bank Oct 2002 - Feb 2003Us# Contractor assigned by Spherion/RemX to assist in guideline management.
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Consultant (Accounting Analyst)Paramount Studios Jun 2002 - Oct 2002# Contractor assigned by Accountants on Call.# Prepared GL entries on behalf of the Home Video department# Reconciled thousands of departmental purchase orders, invoices, and prepared numerous wire requests each week.
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Managing DirectorStudent Textbooks Llc Aug 1998 - Jul 2002# Work with international distributors and domestic accounts to acquire and resell educational materials in bulk.# Secured and managed financing, managed general ledger, oversaw all A/P and A/R functions. # Risk management including currency exchange rate risk, liquidity risk, and logistical risk.# Managed contract negotiations with international freight forwarders, suppliers, buyers, customs brokers, and other counterparties as necessary.# Managed all IT needs, including developing separate retail and wholesale websites, custom designed databases for inventory and accounting.# Managed warehouse staff and all warehouse activities.
Scott S. Skills
Scott S. Education Details
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Binghamton UniversityEconomics
Frequently Asked Questions about Scott S.
What company does Scott S. work for?
Scott S. works for Wells Fargo
What is Scott S.'s role at the current company?
Scott S.'s current role is Chief Risk Officer - Home Lending Servicing.
What is Scott S.'s email address?
Scott S.'s email address is si****@****ail.com
What is Scott S.'s direct phone number?
Scott S.'s direct phone number is (212) 270*****
What schools did Scott S. attend?
Scott S. attended Binghamton University.
What skills is Scott S. known for?
Scott S. has skills like Risk Management, Credit Risk, Credit, Finance, Financial Risk, Banking, Portfolio Management, Mortgage Lending, Credit Analysis, Loans, Management, Sql.
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