Cade Stubblefield
McKinney,TX
Summary
Expert in Compliance and Operational Risk Management with a focus on CRA and Fair Lending strategies. Leverage strong analytical skills to develop programs that meet regulatory standards while mentoring compliance teams to foster a culture of accountability and excellence.
Overview
25
25
years of professional experience
Work History
Director, Community Reinvestment Act (CRA), UDAAP,
USAA
Plano, TX
10.2019 - Current
- Directed all compliance functions for the CRA and Fair Lending programs, including training, regulatory change management, performance monitoring and testing, qualification of CRA activities, Fair Lending analytics, reporting and exam management.
- Developed lending, investment, and service strategies with the First Line of Defense to meet CRA objectives of achieving an Outstanding CRA rating and ensuring Fair Banking compliance.
- Successfully developed and attained regulatory approval to move to a CRA Strategic Plan due to the Bank's unique business model.
- Mentored and developed compliance team, enhancing capabilities of full-time employees and third-party contractors to support CRA and Fair Lending initiatives.
- Administered USAA's CRA and Fair Lending programs for Large Bank (USAA Federal Savings Bank) and Limited Purpose Bank (USAA Savings Bank), ensuring compliance and alignment with regulatory standards.
Compliance and Operational Risk Manager; Vice President
Bank of America, N.A.
Plano, Texas
06.2018 - 10.2019
- Managed conduct program for consumer and small business associates, incorporating sales practices, conflicts of interest, financial center testing, mystery shops, and transactional testing to ensure compliance and risk mitigation.
- Lead consumer risk in the review of financial center operational losses to analyze root cause and ensure appropriate procedures and controls are in place to minimize losses and open risk identified audit issues when gaps exist.
- Oversaw measures for elder abuse, human trafficking, and at-risk clients, ensuring appropriate training, procedures, and controls were in place to effectively mitigate consumer risk.
- Served as conflicts of interest subject matter expert and primary contact for consumer associates, facilitating disciplinary actions in coordination with HR, Associate Investment Monitoring, and Enterprise Conflicts policy owners.
- Develop analytical models to proactively identify potential consumer conduct issues by incorporating all components of the conduct program into one platform.
Senior Enterprise Compliance Program Manager; Vice President
Bank of America, N.A.
Plano, Texas
03.2014 - 06.2018
- Develop, strengthen, and validate existing in-house fair lending modeling and analysis programs used to identify fair lending risks in underwriting, pricing, and other components of the credit cycle for consumer and small business lending products.
- Lead cross-functional teams through the current fair lending analytical models to identify opportunities for improvement and ensure the models will pass internal and regulatory audits and inquiries.
- Collaborated with line of business executives to assess impact of lending policies on fair lending results; identified and communicated fair lending risks while providing remediation guidance.
- Developed and strengthened data mining, assessment, and validation processes to ensure data usability and reliability; collaborated with line of business to implement policies for capturing valid data for fair lending analysis.
- Perform testing and analysis to support the Fair Lending Program and compliance with Bank of America Fair Lending Policy and all Fair Lending laws, rules, and regulations
- Coordinate project teams in analyzing and responding to internal audit and regulatory exams.
- Led training and peer coaching for new hires and interns, enhancing their understanding of fair lending compliance.
Market Information Manager I; Vice President
Bank of America, N.A.
Plano, Texas
12.2010 - 03.2014
- Maximized CRA and fair lending long-term growth and savings by analyzing current business model and performance, contributing to 8th OCC CRA Outstanding Rating
- Provided real-time economic outlook, market demographics, and competitive market share information for priority markets, strengthening CRA, fair lending, and multicultural targeted strategies
- Supplied HMDA peer lender analysis and reporting on market share, LMI penetration, and MC concentration, informing internal and external stakeholders
- Partner with lines of business and regulatory teams to create performance and leadership messaging to regulators
- Lead cross functional teams to ensure that the bank is capturing all potential CRA credit
- Build and maintain internal procedures for capturing and positioning bank activities for CRA credit; created SharePoint site for capturing all CRA lending activity
- Delivered training and consultation on CRA and performance context within the Neighborhood Lending business unit
CRA Senior Operational Risk Officer; Vice President
Bank of America, N.A.
Dallas, Texas
06.2006 - 11.2010
- Lead analyst for the lending and investment test for BANA (Large Bank Exam); Lead analyst for FIA Card Services and Bank of America Rhode Island performance assessments (Limited Purpose Bank Exam)
- Collaborated with lending, investment, and service lines to develop CRA goals for 303 assessment areas.
- Analyzed the bank's lending and investment production to low- and moderate income individuals and provided performance assessments to The Office of the Comptroller of the Currency to meet our Community Reinvestment Act obligations
- Developed performance context to improve bank's CRA performance and presented findings to OCC
- Monitored federal financial regulations and assessed implications for BAC's CRA responsibilities
- Investigated and addressed OCC inquiries regarding bank's exam performance
- Analyzed impact of acquisitions (LaSalle, US Trust, Countrywide and Merrill Lynch) to BAC performance and implemented procedures for transitioning data
- Developed process mapping and applied six sigma methodologies to create the bank's internal CRA performance analysis tool (CRAMR)
Senior Risk Control Specialist; Officer
Bank of America, N.A.
Dallas, Texas
08.2004 - 06.2006
- Monitored legal and financial compliance for industry groups within Global Corporate Investment Bank, ensuring adherence to regulatory standards
- Utilized Hyperion Strategic Finance software to spread financial statements in accordance with GAAP and score accurate risk ratings
- Prepared periodic analysis and covenant reviews utilizing company compliance certificates and financial statement notes to assess financial health
- Managed relationships with analysts and portfolio managers of Global Portfolio Management to facilitate informed decision-making
- Reviewed complex credit agreements, cited exceptions for missing or inaccurate documentation, and verified authenticity of documents received
- Trained and mentored new hires on both legal and financial aspects of Monitoring and Compliance
Marketing and Operations Representative
Signature Services Corp.
Dallas, TX
01.2003 - 01.2003
Engineering Technician
Nationwide Water Resource Services
Dallas, TX
01.2002 - 01.2003
Education
B.B.A. - General Business
Texas Tech University
Lubbock, TXSkills
- CRA Strategy
- Fair lending analysis
- Regulatory compliance
- Compliance Testing
- Compliance management
- Risk Management
- Process Improvement
- Data analytics
- Banking program development
Personal Information
Title: Compliance and Risk Professional
Timeline
Director, Community Reinvestment Act (CRA), UDAAP,
USAA
10.2019 - Current
Compliance and Operational Risk Manager; Vice President
Bank of America, N.A.
06.2018 - 10.2019
Senior Enterprise Compliance Program Manager; Vice President
Bank of America, N.A.
03.2014 - 06.2018
Market Information Manager I; Vice President
Bank of America, N.A.
12.2010 - 03.2014
CRA Senior Operational Risk Officer; Vice President
Bank of America, N.A.
06.2006 - 11.2010
Senior Risk Control Specialist; Officer
Bank of America, N.A.
08.2004 - 06.2006
Marketing and Operations Representative
Signature Services Corp.
01.2003 - 01.2003
Engineering Technician
Nationwide Water Resource Services
01.2002 - 01.2003
B.B.A. - General Business
Texas Tech University