Summary
Overview
Work History
Education
Skills
Timeline
Generic

Laurie LaMagna

Wilton,CT

Summary

Risk management expert with almost 20 years of experience in the financial services industry with roles in private equity, bond portfolio management, and risk management seeking a senior leadership position in a well capitalized and world class financial institution.

Overview

24
24
years of professional experience

Work History

Managing Director, Head of PMA&G and SCO

ING CAPITAL LLC
01.2023 - Current
  • Dual responsibility as Senior Credit Officer within Transaction Approval & Advice (TA&A) and team manager of Portfolio Monitoring, Analytics and Governance (PMA&G), the operational and administrative staff supporting TA&A. PMA&G is responsible for reporting and analytics for lending and counterparty risk management, US regulatory reporting for counterparty credit risk, local procedures, collateral management, audit, approval workflow, and deal closings.
  • One of three local risk mandate holders with primary responsibility and highest delegated local authority for commercial real estate transactions. One of two local authority holders to approval appeals (override) of the risk rating model.
  • Senior Credit Officer for Healthcare, ABL, and Renewables & Power.
  • Prepare TA&A quarterly review to the local board of directors and present as subject-matter expert for the commercial real estate portfolio.
  • Sole responsibility for US input to European Central Bank biannual update of the US commercial real estate portfolio.
  • Responsible for local governance and maintenance of procedures including the operational design to remediate audit findings as well as the implementation of global policies.
  • Primary liaison for internal and external auditors and responsible for closure of issues.
  • Single point of contact in the US for global projects related to credit risk management including input for policy design.
  • Managed the local approval and key stakeholder for the design of new global approval workflow and risk rating tool.
  • Senior leader for the coordination and design of major strategic initiative for the US business.
  • Launched and lead an educational development program for front office addressing pertinent regulatory topics as well as policies and procedures in order to create a more efficient communication process and workflow between Lending and Transaction Approval & Advice.

Director, Senior Credit Officer

ING Financial Services LLC
01.2015 - 12.2022
  • SCO for various portfolios with seven year tenure managing the commercial real estate portfolio.
  • Spearheaded the implementation of the Climate Risk Initiative for lending risk management in the U.S.
  • Developed local Loan Portfolio Management Policy to comply with US regulatory requirements for strategic initiative.
  • Participated in strategic decisions of the department, personnel management, ongoing development of local procedures, and interaction with regulators and auditors.

Senior Credit Analyst, Corporate Credit Research

GENWORTH FINANCIAL INC
05.2014 - 09.2014
  • Portfolio manager for 90+ utility and energy credits representing $6bn of total exposure.
  • Performed extensive research and fundamental credit and relative value analysis for new-issue and secondary-market opportunities.
  • Brought portfolio of significantly overdue annual reviews up to date in two months.
  • Prepared timely and comprehensive written analysis of individual credits, sectors, or market events for presentations to Corporate Credit Research, Trading, and Structured Finance departments.
  • Interaction with senior management, sell-side analysts, and rating agencies.

Director, Credit Risk Control

UBS AMERICAS INC
03.2010 - 05.2014
  • Exercised approval authority up to $450m and led due diligence and transaction approval process.
  • Managed portfolio of lending and trading exposure of 50+ North American counterparties including the U.S. IB's largest credit exposure.
  • Prepared credit memoranda and presented recommendations for transactions above delegated authority.
  • Represented department in development of MIS and dashboards to improve portfolio management and surveillance capabilities.
  • Managed team of two credit analysts.

Associate Director, Credit Risk Control

UBS AMERICAS LLC
03.2008 - 03.2010
  • Preparation of internal credit memoranda for credit approval.
  • Analyzed and assigned ratings and LGDs for assigned portfolios.
  • Coordinated transfer of acquired exchange-traded derivatives portfolio including renegotiation of documentation and trading limits.
  • Negotiated ISDA/CSA and other trade-related documentation.

Analyst, Credit Risk Control

UBS AMERICAS LLC
02.2006 - 03.2008
  • Analyzed counterparties and assigned ratings and LGD for assigned portfolio.
  • Supported Credit Officer in ongoing monitoring of credit quality, counterparty exposure, and collateral.
  • Completed the IB credit training program.

Analyst

J.P. MORGAN CORSAIR II CAPITAL PARTNERS, LP
07.2000 - 07.2001
  • Worked in small group managing $1bn private equity fund focused on global financial services sector.
  • Performed research/due diligence of potential investment opportunities and monitoring of portfolio companies.
  • Directly responsible for the valuation of numerous potential investments ($3m to $100m) including completion of comparable analysis, DCF models, and IRR analysis.
  • Completed the IB analyst training program.

Education

B.S.B.A. - Finance And Economics

University of Richmond
Richmond, VA
05.2000

Skills

  • Ability to synthesize macroeconomic conditions and secular trends as they apply to portfolio and company fundamentals
  • Extensive experience managing internal and external stakeholders
  • Thought process leader for global initiatives
  • Creative problem solver for the reduction of extraneous and redundant processes

Timeline

Managing Director, Head of PMA&G and SCO

ING CAPITAL LLC
01.2023 - Current

Director, Senior Credit Officer

ING Financial Services LLC
01.2015 - 12.2022

Senior Credit Analyst, Corporate Credit Research

GENWORTH FINANCIAL INC
05.2014 - 09.2014

Director, Credit Risk Control

UBS AMERICAS INC
03.2010 - 05.2014

Associate Director, Credit Risk Control

UBS AMERICAS LLC
03.2008 - 03.2010

Analyst, Credit Risk Control

UBS AMERICAS LLC
02.2006 - 03.2008

Analyst

J.P. MORGAN CORSAIR II CAPITAL PARTNERS, LP
07.2000 - 07.2001

B.S.B.A. - Finance And Economics

University of Richmond
Laurie LaMagna