Experience

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  South Carolina Retirement System Investment Commission

  • Columbia, South Carolina

  • Senior Risk Reporting and Management Officer, Director of Compliance and Risk Management

    • Jan 2007 - Mar 2016
    • Columbia, South Carolina

    Played prominent role in dramatically restructuring the asset allocation of a $26 billion public pension plan using derivatives. Developed and implemented numerous institutional-quality governance, operational and investment reporting policies, procedures and controls for a newly created state agency. Performed all cash management functions. Created many financial, investment and risk reports for portfolio management and public distribution. Forecast agency and investment management expenses by target asset allocation to prepare and justify requested annual budgets. Wrote the agency's first two annual reports including investment commentary and management's discussion and analysis of results. Contracted, and led project implementation and development of numerous financial investment management software applications/services. Developed risk modeling tools and reports to identify, measure, and report major risk factors. These included: risk decomposition and sensitivity, risk budgeting, stress testing, value at risk and factor analysis over historical and hypothetical scenarios. Wrote counterparty risk policy and developed reports to quantify counterparty risk exposures. Developed compliance checklists and scorecards to promote best practices. Monitored worldwide economic and market trends and expressed views as a voting member of the Asset Allocation and the Investment Committees, which recommended and approved all tactical and strategic investment decisions presented to the Investment Commission.

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  AgFirst Farm Credit Bank

  • Columbia, South Carolina Area

  • Senior Asset Liability Management Analyst

    • Jan 2000 - Jan 2007
    • Columbia, South Carolina Area

    Developed and implemented a forward-looking vision of Risk Management for South Carolina's largest bank. Served as the Business System Owner of Quantitative Risk Management (QRM), an asset/liability management software application. Modeled assets, liabilities, equity, income and expenses using deterministic and Monte Carlo simulation/scenario analytics. Wrote and presented monthly risk management analysis and strategy recommendations to the Asset Liability Committee (ALCO). Developed detailed knowledge of bank assets, liabilities and their related computer systems including commercial, real estate and syndicated loans, investments, debt, and derivatives. Trained and highly exposed to SQL server and other database environments. Piloted the integration of QRM's applications with the bank's newly created core data warehouse. Re-engineered and automated source data flows and work processes for QRM and related treasury applications, which saved much time and money. Supervised two employees.Established the daily prices paid to purchase residential mortgage loans and servicing rights for the Secondary Mortgage Marketing Unit. Trained in project management. Designed and led a project to develop automated tools to publish daily rate sheets and to enforce competitive pricing policies.* Business System Owner of QRM – an asset/liability, risk management modeling software application. Oversaw DBAs, upgrades, disaster recovery and Sarbanes-Oxley compliance.* Presented monthly risk management analysis and strategy recommendations to ALCO.* Detailed knowledge of AgFirst's financial/treasury computer systems: Power user.* Re-engineered, automated and documented work flow saving time and money.* Farm Credit System's Funding Corp described AgFirst's ALCO material as "one of the best in the nation."

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  NetBank (a.k.a. Resource Bancshares Mortgage Group, Inc)

  • Columbia, South Carolina Area

  • Senior Treasury Specialist/Assistant Vice-President

    • Nov 1993 - Dec 1999
    • Columbia, South Carolina Area

    Managed 12-person Cash Management department. Pledged mortgage-related collateral, managed all outstanding debt, forecast and managed all cash flows, minimized interest expense, and monitored liquidity. Analyzed and reported the above activities to internal and external parties. Helped negotiate and implement numerous debt agreements and maintain relationships with local and national lenders. Designed, programmed and implemented improved computer systems for better analysis and reporting. Served as project leader to implement automated treasury workstation (TWS). Coordinated systems integration with Financial and Information Technology Project Managers. TWS linked production, cash management, banking, and accounting software achieving great efficiencies. Reported to Treasurer and Chief Financial Officer.* Selected treasury workstation and negotiated software agreements.* Implemented automated solutions saving from 10,000 – 20,000 man-hours per year.* Identified over $500,000 of non-labor cost savings by applying financial knowledge and computer skills.* Managed $2 billion debt portfolio including numerous lines of credit.* Managed $100 million per day wire-room ($100 thousand average wire).* Suggested creation of a servicing credit-facility, which increased liquidity by $50 million.* Monitored and analyzed dozens of bank accounts with over $125 million in bank deposits.* Served on mortgage-backed securitization team.

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  Proven Performance

  • Columbia, South Carolina Area

  • Business Owner

    • Jun 1993 - Nov 1993
    • Columbia, South Carolina Area

    Owned and operated Investment Advisory firm. Performed financial planning and investment management for individuals.

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  Seibels

  • Columbia, South Carolina Area

  • Investment Specialist / Assistant Vice President

    • Dec 1982 - Jun 1993
    • Columbia, South Carolina Area

    * Assisted Chief Investment Officer with managing investment portfolios of Property and Casualty Insurance holding company.* Managed $100 million short-term investment portfolio.* Created and prepared all investment-related managerial, GAAP, and regulatory reports.* Supervised activities of two administrative assistants.* Led cost-cutting team saving over $300,000.

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  SunTrust

  • Greater Atlanta Area

  • Portfolio Analyst

    • Mar 1982 - Oct 1982
    • Greater Atlanta Area

    * Supported over 300 southeastern banks with computerized investment accounting and management reporting services for prominent super-regional bank.* Wrote widely circulated Capital Market News (readership over 4,000).* Priced approximately $6 billion of investment securities monthly.

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  Citigroup (a.k.a. Salomon Brothers, Inc.)

  • Greater New York City Area

  • Staff Accountant

    • Oct 1979 - Mar 1982
    • Greater New York City Area

    * Reported highly visible trading activity for prestigious Investment Bank including interest rate arbitrage, risk arbitrage, option, OTC stocks, government and corporate bond accounts.* Monitored trading activity to comply with primary dealer, tax and SEC regulations.* Interacted with ten finance departments, traders, clearance, operations, EDP, financial officers and top management regularly.