Summary
Overview
Work History
Education
Skills
Career Achievements
Timeline
Generic

Jeffrey Wise

Frisco,TX

Summary

Senior Risk Management Professional with significant experience in credit risk management, most notably counterparty risk. Developed analytical tools, including counterparty risk models and enhanced exposure calculations, to enhance groups’ risk management capabilities. Broad experience in fixed income instruments and mortgage products. Considered excellent leader with the ability to develop and implement “best in class” practices. Flourishes in opportunities to develop employees and improve group culture and dynamics.

Overview

32
32
years of professional experience

Work History

Managing Director / Senior Vice President, Correspondent/Broker Approval and Monitoring

Bear, Stearns & Co. Inc. / EMC Mortgage Corporation
06.2007 - 03.2008
  • Responsible for all aspects of counterparty credit risk associated with correspondent, broker and warehouse lending channels
  • Maintain ultimate signing authority for all counterparty approvals/denials
  • Designed and implemented enhanced risk scoring models for independent mortgage banks and depositories, which included key financial and collateral performance factors
  • Developed enhanced broker decisioning policy/process, resulting in a more accurate screening process
  • Created and implemented ongoing collateral monitoring process, resulting in the immediate termination of brokers and correspondents which eliminated over 50% of dollar risk to wholesale channel (driven primarily by first pay and early pay defaults)
  • Developed correspondent tiering methodology, allowing conduit to price/assess fees based on risk of counterparty
  • Coordinated with Legal and served as business lead in the negotiation of Master Loan Purchase Agreements.

Practice Leader - Governance, Risk and Compliance

SolomonEdwards Group, LLC
12.2012 - 12.2023
  • Subject Matter Expert for Banking and Financial Services Advisory Group, responsible for development and execution of risk solutions for clients
  • Led development of Enterprise Risk Management program, including framework, approach and reference materials
  • Successfully completed risk management engagements at various Regional Banks and financial services organizations with key focus on Enterprise Risk, Credit Risk, Operational Risk and Compliance Risk
  • Managed successful pilot assessment of risk management framework, stress testing results and capital/solvency planning for large, publicly traded financial services firm
  • Consulted on development and implementation of Master Rating Scale utilizing external credit risk tool (Moody’s Analytics).

Vice President, Head of Governance and Analytics

J.P. Morgan Chase (formerly Bear, Stearns & Co. Inc.)
06.2007 - 10.2012
  • Responsible for operational risk control monitoring, issue/action plan development, tracking/administration and reporting across default servicing and drove centralization of processes
  • As a result, processing times improved notably and quality increased from a depth and consistency perspective
  • Created and implemented enhanced risk reporting tools, including dashboard, heat map and KRI reporting, resulting in improved transparency and senior management awareness of key risk issues
  • Developed comprehensive set of key risk indicators in conjunction with business partners, resulting in improved analyses and more timely identification of key issues
  • Acted as business lead for FTC Consent Order implementation (EMC); key participant in OCC Consent Order Project (Article X) and Dodd Frank Compliance Programs.

Senior Vice President, Co-Head of Credit Risk Management Group

Countrywide Capital Markets/Countrywide Financial Corporation
07.2004 - 06.2007
  • As co-head of CRMG, responsible for implementing processes and overseeing the counterparty credit risk related to all trading functions within the capital markets group
  • Maintained ultimate signing authority (along with other Co-Head) for all credit approvals and exceptions
  • Managed daily margin call process for repurchase positions
  • Developed and implemented multiple scoring models for various entity types, including broker-dealers, depositories, non-bank mortgage lenders, hedge funds, REITs, and investment advisors
  • Oversaw the development and implementation of enhanced credit system (internally developed) allowing for real time account restrictions, limit adjustments, and more robust exposure calculations
  • Led the development of real time exposure tool for traders supporting the conduit, reflecting current repurchase exposure and detailing trading restrictions based on current exposure
  • Implemented VaR based exposure calculation for all trading counterparties, and developed limit methodology for repo counterparties
  • Served as AML Officer of Capital Markets group during final two years of tenure
  • Member of Countrywide Capital Markets and Corporate Credit Committees.

Vice President, Correspondent Group

Wells Fargo Home Mortgage/Wells Fargo Bank, N.A.
07.2003 - 07.2004
  • Hired to develop policy framework and process for correspondent trading function
  • Developed and implemented limit and exposure measurement methodology for correspondent trading desk; also developed and implemented approval and ongoing certification policy for all active correspondent trading programs
  • Created scoring algorithm for independent mortgage banks
  • Participated in projects aimed to credit enhance mortgage portfolio, including deep MI for subprime portfolio and earthquake insurance for California exposure
  • Managed risk process for approval and monitoring related to builder loan processing; provided credit risk support for builder and realtor joint ventures.

Manager, Credit Management Group

Fannie Mae
09.2000 - 06.2003
  • Created policy/credit framework for various trading desks, including MBS (Forward) Trade Desk, Liquidity Investment Portfolio (both unsecured and asset-backed securities), Derivatives Desk, and Funding Desk
  • Treasury Group Project Manager for Corporate wide development of credit risk system, including the development of exposure monitoring process for all Treasury related functions
  • Covered Mortgage, Financial Services, and Industrials sectors and oversaw credit risk related to credit card, auto and consumer asset backed securities.

Senior Financial Analyst, Single Family Risk Management

Freddie Mac
06.1996 - 08.2000
  • Managed counterparty credit risk for over 250 banks and mortgage banks, determining appropriate level of recourse/repurchase exposure based on counterparty’s financial health
  • Developed and implemented automated recourse model
  • Authored credit policy as it related to recourse/indemnification for Freddie Mac seller/services
  • Approved servicing transfers between Freddie Mac seller/servicers.

Associate National Bank Examiner, Washington D.C. Duty Station

Office of the Comptroller of the Currency
07.1991 - 07.1996
  • Participated in safety and soundness examinations for national banks covered by the D.C
  • Duty Station
  • Examinations included assessment of capital adequacy, asset quality, management quality/expertise, earnings adequacy, liquidity, asset/liability management, and consumer compliance
  • Acted as Examiner in Charge (EIC) for three examinations and presented findings to Senior Management/Board of Directors
  • Oversaw two portfolio banks, monitoring financial health and compliance with regulatory agreements.

Education

M.B.A with Finance Concentration -

Virginia Tech
05.2000

B.B.A., Finance and Insurance -

Radford University
05.1991

Skills

  • Sales Leadership
  • Recruitment Strategies
  • Mentoring and Training
  • Human Resources

Career Achievements

  • Managed credit groups at three of the largest financial institutions in the U.S
  • Created and implemented credit and operational policy framework improving risk analysis, compliance, tracking and reporting at several U.S. institutions
  • Led or participated in the development and implementation of robust, multi-instrument credit risk systems
  • Extensive experience in the development and implementation of scoring algorithms for various types of sectors, including depositories, mortgage banks, hedge funds, financial services firms, and investment advisors
  • Engineered centralization of operational risk processes (including control monitoring, issue management, reporting and administration) for default and core servicing platform at J.P. Morgan
  • Successfully managed regulatory relationships and projects with key regulatory/oversight bodies (Treasury Department, OCC, FTC)

Timeline

Practice Leader - Governance, Risk and Compliance

SolomonEdwards Group, LLC
12.2012 - 12.2023

Managing Director / Senior Vice President, Correspondent/Broker Approval and Monitoring

Bear, Stearns & Co. Inc. / EMC Mortgage Corporation
06.2007 - 03.2008

Vice President, Head of Governance and Analytics

J.P. Morgan Chase (formerly Bear, Stearns & Co. Inc.)
06.2007 - 10.2012

Senior Vice President, Co-Head of Credit Risk Management Group

Countrywide Capital Markets/Countrywide Financial Corporation
07.2004 - 06.2007

Vice President, Correspondent Group

Wells Fargo Home Mortgage/Wells Fargo Bank, N.A.
07.2003 - 07.2004

Manager, Credit Management Group

Fannie Mae
09.2000 - 06.2003

Senior Financial Analyst, Single Family Risk Management

Freddie Mac
06.1996 - 08.2000

Associate National Bank Examiner, Washington D.C. Duty Station

Office of the Comptroller of the Currency
07.1991 - 07.1996

M.B.A with Finance Concentration -

Virginia Tech

B.B.A., Finance and Insurance -

Radford University

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