Brett Smith
Lenexa
Summary
Dynamic finance leader with extensive experience at Fannie Mae, excelling in cash flow management and financial strategy development. Achieved a $3 billion revenue increase through innovative hedge accounting and risk management practices. Proven ability to enhance operational efficiency and drive process improvements, leveraging strong analytical skills and a collaborative approach.
Overview
12
12
years of professional experience
Work History
Capital Markets and Treasury CFO
Fannie Mae
08.2022 - Current
- Improved return on capital, enhanced risk management practices, and expanded modeling and reporting capabilities for the Capital Markets Finance division as the acting officer. Activities include investment portfolio analytics, corporate stress testing, hedge accounting, regulatory capital, liquidity and interest rate risk, and balance sheet management.
- Increased corporate revenue by $3 billion as the special advisor to the Chief Investment Officer, President, and Chief Executive Officer on the interest rate risk hedging strategy for the $4 trillion MBS Trust portfolio.
- Member of the finance transformation Executive Steering Committee. Enhanced finance use cases now feature improved short-term forecasts optimized for funding and liquidity management, as well as deeper analytics on P&L drivers, volatility, and sensitivity.
- Partner with second and third-line teams to enhance, develop, and ensure compliance with policies, standards, procedures, and control frameworks. Remediated several compliance issues, developed a control framework, and maintained SOX compliance for financial reporting responsibilities.
- Prepared accurate financial statements at end of quarter to summarize financial health and business performance.
- Conducted detailed analysis of company financial information and oversaw preparation of related reports.
Director, Finance
Fannie Mae
06.2021 - 08.2022
- Optimized cash flow management, significantly improving company liquidity.
- Conducted thorough risk assessments to identify potential vulnerabilities in the organization''s financial systems.
- Championed continuous improvement within finance department operations through regular review and enhancement of policies and procedures.
- Partnered with cross-functional teams to drive process improvements across all areas of the business, increasing overall efficiency.
- Led Treasury risk teams through the 2020 COVID-19 financial crisis, with a strong focus on the daily quantification of liquidity and interest rate risk. Improvements in liquidity risk reporting enabled the Treasurer to make data-driven decisions regarding the $100 billion of debt issuance required to support historic levels of loan acquisitions, substantial loss mitigation activity, and maintaining regulatory compliance during this challenging period.
- Achieved a more stable return on capital through improvements in the Hedge Accounting program. Enhanced performance indicator reporting enabled better decision-making among executives in treasury, trading desks, and finance.
- Authored the Funds Transfer Pricing (FTP) methodology. The adoption and implementation of FTP provided more transparency into Treasury-related costs and informed a more comprehensive view of profitability by segment.
- Engaged in monthly Key Risk discussions with the Chief Financial Officer and Chief Risk Officer within the Asset Liability Committee (ALCO), highlighting enterprise key risks and portfolio management activities.
Senior Manager, Asset and Liability Management
Fannie Mae
03.2018 - 06.2021
- Managed Capital Markets Finance assumption suite, working closely with the Treasurer and trading desks to identify key assumptions and sensitivities to incorporate into broader forecasting and stress testing processes.
- Directed enhancements that achieved significant operational efficiencies while offering a broader analytics suite. The framework consisted of QRM and proprietary tools models.
- Served as a key collaborator with regulators on the Liquidity Rule and led the implementation efforts. The framework modeled both short and long-term cash flows, quantified liquidity risk, and informed liquidity management strategy.
- Led the remediation of risk models by implementing effective controls and governance, ensuring compliance with corporate and regulatory standards.
Advisor, Capital Markets Finance
Fannie Mae
01.2017 - 03.2018
- Managed the Balance Sheet foresting process redesign, focused on quicker production and automated reporting.
- Product owner of Capital Markets Finance applications through redesign of DFAST and management stress testing processes.
- Designed net interest income and net interest margin reports and participated in round-table discussions, preparing the CFO for quarterly earning calls.
- Led a blended team of contractors and FTEs through the reimplementation of the Capital Markets ALM tool, QRM.
- Streamlined and managed reporting of Daily mark-to-market exposure to finance leadership and traders.
MANAGER, Finance, Analytics, and Modeling
Certified Financial Planner Board of Standards
09.2013 - 12.2016
- Redesigned quarterly profitability overview for the Board of Directors and Finance Committee. The new format increased interaction and understanding of the key themes and drivers.
- Led profitability and effectiveness review of market segments; contributed to a 10% reduction in the cost of acquisition and a 5% improvement in conversion rate.
- Migrated legacy, Excel-based systems to a new model that became the foundation for segmentation analysis and marketing campaign strategy. The model also provided important insights for analytics in Tableau. The increased focus and sophistication resulted in a 3.5% growth in new certifications.
- Spearheaded the review and enhancements of all departmental processes, including their ability to execute within the current toolset. Improvements in some cases resulted in as much as 40% savings in FTE time.
Education
MBA - Finance And Strategy
University of North Carolina, Kenan-Flagler
Chapel Hill, NCSkills
- Cash flow management
- Financial process improvement
- Financial strategy development
- Audit coordination
- Capital Markets
- Hedge Accounting
- Liquidity and Market Risk
- Business Intelligence (Tableau, Power BI, Etc)
Timeline
Capital Markets and Treasury CFO
Fannie Mae
08.2022 - Current
Director, Finance
Fannie Mae
06.2021 - 08.2022
Senior Manager, Asset and Liability Management
Fannie Mae
03.2018 - 06.2021
Advisor, Capital Markets Finance
Fannie Mae
01.2017 - 03.2018
MANAGER, Finance, Analytics, and Modeling
Certified Financial Planner Board of Standards
09.2013 - 12.2016
MBA - Finance And Strategy
University of North Carolina, Kenan-Flagler
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