Jimmy Smith
Prosper,TX
Summary
Accomplished financial professional with over 20 years in mortgage banking and capital markets, specializing in structured finance and securitization across diverse market segments. Skilled in cash flow modeling, process improvement, data analytics, project estimation, and operational risk mitigation. Capable of swiftly adapting to new roles and technologies, with a willingness to travel domestically and internationally.
Overview
21
21
years of professional experience
Work History
Manager
Deloitte
04.2024 - Current
- Deposits Reconciliation Specialist for Federal Deposit Insurance Corporation’s (FDIC) bank closing activities to extract, profile, cleanse, transform, and load loan data into FDIC systems. Analyzes and reconciles bank and servicer reports and financial statements to FDIC data.
- Performed comprehensive analysis for 360.9 large bank compliance audits, overseeing the end-to-end audit process to ensure regulatory adherence and operational efficiency.
- Conducted critical analysis for Deposits Analytics Repository and Compliance Reporting and Tracking Tool databases, enhancing data accuracy and reporting capabilities.
- Contributed to development of enhanced deposit simulation project, creating a high-visibility tool utilized by FDIC stakeholders for improved decision-making.
- Lead the Quals & PPM Workstream in the IBM Alliance, developing qualifications templates and a cross-sector repository for IBM solutions (currently supporting Apptio), and managing a consultant to ensure effective tracking and implementation.
- Advised on the StepUp DFW – YWPN Dashboard Development initiative, guiding a team of two consultants and a project lead while providing client feedback and resolving project challenges.
- Developed onboarding materials, training materials and hands-on simulation packages for additional team members, as well as facilitated multiple training sessions.
- Evaluated and documented current state business processes, producing comprehensive gap analysis with actionable risk mitigation recommendations.
- Developed and maintained multiple artifacts (current state process flows, communication plan, closing checklist, etc.), and improved existing documentation, to be leveraged by multiple groups in bank resolution activities.
- Deloitte Risk and Financial Advisory means Deloitte & Touche LLP, which provides audit and risk advisory services; Deloitte Financial Advisory Services LLP, which provides forensic, dispute, and other consulting services; and its affiliate, Deloitte Transactions and Business Analytics LLP, which provides a wide range of advisory and analytics services. Please see www.deloitte.com/us/about for a detailed description of our legal structure.
AVP Relationship Manager
Wilmington Savings Fund Society
02.2022 - 02.2024
- Maintained proactive client communication to strengthen relationships, promptly address service concerns, and enhance client satisfaction.
- Ensured timely and accurate invoicing for all accounts within 15 days post-closing, proactively resolving fee collection issues and escalating as necessary to management.
- Oversaw account setup and coding on trust systems (including ACS and SEI), ensured tickler accuracy, and adhered to procedural standards for account establishment and termination.
- Managed efficient account terminations across multiple systems (SEI, TS, ACS), ensuring completion within the targeted four-month period from account closure.
- Regularly reviewed, processed, and updated tickler reports, collaborating with Relationship Managers to address outstanding items and keep records current.
- Processed and completed all assigned payments and operational tasks for ABS securitizations accurately and within specified deadlines, ensuring compliance with all procedural standards.
- Provided ongoing feedback and guidance to Trust Administrators, supporting their professional growth, performance, and contribution to business objectives.
- Participated in team projects and section-wide initiatives, identifying and implementing process optimizations and new procedures.
AVP Technology Business Services Associate
Wells Fargo Home Mortgage
12.2020 - 11.2021
- Led the implementation of complex, cross-functional projects and strategic initiatives spanning multiple business lines or enterprise-wide.
- Oversaw high-profile projects from inception to completion, monitored progress against sizing estimates, communicated impacts and changes, and engaged stakeholders at all management levels.
- Provided expert guidance on adopting new technologies, developed and validated project sizing estimates, and ensured proposed solutions met standards for service quality and cost-effectiveness.
- Influenced technology selection by analyzing customer needs and collaborating with technology teams to assess build-versus-buy options, recommending optimal solutions aligned with business objectives.
- Navigated compliance and risk management requirements, partnering with stakeholders to execute key risk initiatives and ensure adherence within supported areas.
- Conducted research and analysis on competitive landscape, emerging business products and services, regulatory and compliance issues, and implications of new technology implementations.
Business Systems Consultant
Wells Fargo Home Mortgage
02.2018 - 12.2020
- Facilitated communication between client groups and Enterprise Technology Infrastructure, directing the analysis, planning, and solution design for complex business challenges through automated systems.
- Delivered comprehensive reports on project sizing estimates and key initiatives for leadership reviews, fostering collaboration with engineering teams and business office on costing and resource allocation.
- Ensured all estimates conformed to PMO Pipeline processes and adhered to organizational financial reporting standards, supporting transparency and accountability.
- Developed documentation of assumptions, methodologies, and criteria used in project estimation, enabling comparison with actual costs and supporting process improvements.
- Designed and implemented standardized sizing templates for repeatable and efficient Directional Sizing of standard project implementation requests.
Analytics Consultant
Wells Fargo Home Mortgage
04.2013 - 02.2018
- Analyzed P&L exposures by scrutinizing pricing variances, data anomalies, and valuation differences across pipeline and warehouse loan portfolios, enhancing accuracy of financial risk assessment.
- Designed, reviewed, and documented new and revised processes, system changes, and structural updates for Capital Markets, ensuring robust internal controls and compliance.
- Delivered accurate financial forecasts with transparent communication of inherent risks, variability, and key business drivers, providing actionable insights to leadership.
- Developed and implemented advanced diagnostics and reporting tools to monitor business trends and enable timely decisions on profitability and volume strategies.
- Supported management decision-making through detailed what-if analyses and scenario modeling, quantifying potential impacts of business initiatives.
- Developed strong working relationships with management across Capital Markets Pricing, PWAV, Trade Desk, and various business lines to enhance cross-functional collaboration.
Lead Analyst
Wells Fargo Corporate Trust Services
04.2012 - 04.2013
- Led company-wide initiatives, overseeing project orientation, system enhancement testing, KPMG audit coordination, document reviews, and process-improvement task forces focused on loan rejection reduction and modification enhancements.
- Processed and reviewed highly complex loan payment transactions across multiple client portfolios, ensuring precision and timeliness in all cash movement activities.
- Responded to investor inquiries for IMU portfolio, providing detailed external reporting on loan-level data and fee calculations while managing related cash flows.
- Designed advanced management and reviewer tools—including automated Access queries and Excel reports—to monitor production metrics, perform data integrity checks, support compliance, and effectively address investor questions.
- Coordinated statistical analysis to optimize work distribution for eight client managers, ensuring balanced workloads and enhancing operational efficiency.
Senior Analyst
Wells Fargo Corporate Trust Services
03.2006 - 04.2012
- Processed, reviewed, and approved complex transactions related to loan and security payments for multiple clients, managing assets exceeding $1 billion and ensuring timely, accurate money movements.
- Monitored large pools of loans for compliance with servicing agreements, communicated remittance data and corrective actions to servicers, and resolved operational exceptions in line with policy to ensure adherence and mitigate risk.
- Developed and maintained structured finance portfolio models in Excel to enable efficient, automated analysis and reporting for a diverse client base.
- Acted as a primary liaison among internal and external stakeholders, including Business Development, Analytics, Legal, Operations, and Issuers, to coordinate activities and information flow.
- Provided process oversight and feedback to Client Managers, supporting career development of junior analysts and streamlining production workflows from loan accounting to bond allocations.
- Led and trained development team members in collateral and bond processing, post-closing activities for new securities, and created training resources to accelerate onboarding.
Analyst
Wells Fargo Corporate Trust Services
08.2004 - 03.2006
- Oversaw loan accounting and reconciliation for structured RMBS transactions, ensuring accuracy in cash movement review, correction communications, default assessments, master servicing, and cash management.
- Managed end-to-end processing and reconciliation of assigned collateral and bond payments, collaborating with servicers to resolve discrepancies and ensure timely, accurate remittances in accordance with standard operating procedures.
- Reviewed collateral reconciliations and bond payment calculations, ensuring accuracy and compliance while meeting defined deadlines.
- Performed comprehensive document and agreement reviews for new deal setup, completing trust document checklists, account control establishment, and creating supporting spreadsheet models.
Education
Bachelor of Science - Finance
Salisbury University
Salisbury, MD05-2003
Skills
- Microsoft Office Suite
- Data analysis tools
- SQL and database management
- Business intelligence solutions
- Project management software
- Version control systems
- File transfer protocols
- Artificial intelligence applications
- Financial reporting
- Client relationship management
- Project management
- Process optimization
Timeline
Manager
Deloitte
04.2024 - Current
AVP Relationship Manager
Wilmington Savings Fund Society
02.2022 - 02.2024
AVP Technology Business Services Associate
Wells Fargo Home Mortgage
12.2020 - 11.2021
Business Systems Consultant
Wells Fargo Home Mortgage
02.2018 - 12.2020
Analytics Consultant
Wells Fargo Home Mortgage
04.2013 - 02.2018
Lead Analyst
Wells Fargo Corporate Trust Services
04.2012 - 04.2013
Senior Analyst
Wells Fargo Corporate Trust Services
03.2006 - 04.2012
Analyst
Wells Fargo Corporate Trust Services
08.2004 - 03.2006
Bachelor of Science - Finance
Salisbury University