María Del Pilar AMADOR
Washington,DC
Overview
22
22
years of professional experience
3
3
Languages
Work History
Credit and Capital Risk Management Chief
Interamerican Development Bank
6 2022
- Responsible for developing policies and guidelines for assessing the credit risk exposure incurred by the Bank by the Sovereign guaranteed borrowers, counterparties and issuers
- Leading a group of 6 staff members and 2 consultants
- Monitor the implementation of the Bank’s Capital Adequacy Policy and ensure its alignment with the Bank’s risk appetite
- Lead the development and/or application of policies and models to manage the credit risk in the Bank's sovereign-guaranteed lending operations (US$115 bln) and the related capital requirements
- Lead the risk assessment and support the development of new instruments and tools to strengthen the Bank’s risk management models and capital adequacy metrics
- Follow the rating agencies' credit risk methodologies and assessment and their impact on capital adequacy requirements
- Monitor and stress-test the credit quality of the Bank’s sovereign portfolio
- Recommend approval and perform periodic credit assessments of issuers and counterparties in Treasury operations (AUM $34bln)
- Oversee and report on the Bank's exposure in the non-Sovereign guaranteed portfolio, managed and administered by IDB Invest
- Secretary of the Credit Risk Committee.
Head of Investments Risk Management
Interamerican Development Bank
08.2017 - 06.2022
- Responsible for the risks associated with the bank's Liquid Investment portfolio ($35 bln)
- Led a group of 2 consultants
- Responsible for measuring and assessing risks for the liquid investment portfolio (AUM US$35 billion in fixed income securities covering Sovereigns, Quasi-sovereigns, Agencies, Multilaterals and Corporates)
- Lead and coordinate the review and update of the strategic asset allocation framework to guide investment portfolio strategies
- Develop proposals to formulate effective investment risk guidelines and limits for IDB’s investment portfolio and advise if current risk metrics should be revised in response to changing market conditions or business needs
- Responsible for leading the assessment and monitoring of the investment portfolio risks including the use of measures such as value at risk, stress tests and risk sensitivities
- In charge of defining new stress test scenarios for the investment portfolio
- Responsible for leading the Investment Performance Function which includes the monitoring and reporting of the performance and performance attribution for the investment portfolio and its benchmark
- Evaluate developments in global macro-economic factors, asset types, sectors, and industries that may impact the risk profile of the Treasury portfolios
- Responsible for presenting sector/market follow-ups to the Asset and Liability Committee
- Responsible for preparing the Investment Market and Credit Risk sections of the Financial Risk Report to the Board of Directors
- Lead member of the working groups involved in implementing risk management projects and initiatives
- Member of the working group on Libor Transition
- Responsible for leading, coaching and guiding more junior colleagues within the team in addition to the direct reports.
Chief Risk Officer
Positiva Compañía de Seguros
12.2016 - 08.2017
- Responsible for the administration of the ERM system of the Insurance Company
- Led a group of 15 individuals
- In addition to my previous responsibilities as Head of Investment Risk, I took over the following responsibilities related to Insurance/Business Risk Management: Responsible for Operational Risk, Anti Money Laundering, and Business Continuity Plan
- Responsible for the operational risk assessment and analysis in conjunction with the risk owners of the insurance company
- In charge of the analysis and monitoring of risk events
- Accountable for the company´s compliance to all regulatory standards related to the Operational Risk System, Business Continuity and Anti Money Laundering Standards
- Responsible for leading campaigns across the firm to strengthen the risk awareness culture
- Developed Key Risk Indicators
- Chair of the Financial and Non-Financial Risk Committees.
- Collaborated with senior leadership to develop strategic plans that account for both current and future risks
- Led cross-functional teams in the development of enterprise-wide risk management initiatives, ensuring alignment with organizational objectives
- Managed regulatory compliance efforts by staying abreast of changes in legislation and ensuring timely implementation of required actions
- Presented risk-related findings to executive management and the board of directors, ensuring that key stakeholders are equipped with the information needed to make informed decisions
- Fostered strong relationships with regulators, auditors, and other external stakeholders through open communication and collaboration on risk-related matters
- Influenced appropriate risk management prioritization on front lines to promote strategic objectives while meeting operational risk program expectations
- Self-motivated, with a strong sense of personal responsibility
Head of Investment Risk (Financial Risk)
Positiva Compañía de Seguros
08.2013 - 12.2016
- Responsible for the design and implementation of the Investment Risk Management department of a company with an AUM of US$3 billion
- Led a team of 5 individuals
- In charge of proposing investment management guidelines to the Board of Directors, including an update to the Investments Risk Governance Framework and Risk Appetite/Limits
- Consolidated the Investments Risk team by defining job descriptions, hiring all members and contributing to their professional development
- Led the design and implementation of all credit risk evaluation methodologies (new investments credit and market analysis) applied to set limits for counterparties, issuers, and financial institutions
- Responsible for the monitoring and credit analysis of approved counterparties, fixed income securities issuers/funds and equity instruments
- Directed the design and implementation of market and liquidity risk metrics for portfolio management and monitoring purposes
- Developed the evaluation methodologies applied to approve/select managers and set investment limits for mutual funds and international ETF´s
- Responsible for the Due Diligence and analysis of a wide variety of investment alternatives presented to the Investment and Risk Committee and the Board of Directors for approval
- In charge of implementing best industry practices in market, credit and liquidity risks
- Controlled the company´s compliance to all regulatory and internal standards related to the investment regime and guidelines
- Developed and implemented a performance attribution tools project to contribute to the portfolio performance monitoring process
- Responsible for the relationship with internal stakeholders such as Legal, Finance Department, regulators, and Life Insurance Association.
Financial Risk Consultancy
01.2013 - 08.2013
- Projects on asset allocation, investments, and risk guidelines for family office portfolios (including the development of Investment Policy Statement documents) and ethics and financial certification matters for the self-regulatory body in Colombia.
Head of Risk Management, Investments
Sura Asset Management
05.2012 - 12.2012
- Implemented regional policies in terms of corporate governance and risk monitoring for the Latin American operations - México, Salvador, Colombia, Perú, Chile y Uruguay
- (AUM USD$100bln)
- Defined regional governance and policies for investments risk management in Latin America (ISDAS, Private Equity and other general risk management policies)
- In charge of the follow up and analysis of warning signs in the Latin American markets in order to be able to take timely decisions that will secure an appropriate level of market, credit and counterparty risk exposure
- Designed and coordinated regional centers of excellence in risk and investment matters.
Head of Investment Risk
ING Pensiones Colombia
05.2009 - 05.2012
- Responsible for measuring, controlling, and analyzing credit, market and liquidity risk in the fund portfolios
- (AUM USD$7bln including local and international equity and fixed income, derivatives, private equity and cash equivalent instruments)
- Led a team of 6 individuals
- Structured a new risk unit with diverse profiles in order to comply with ING international standards
- Redefined the investments risk governance and investment guidelines
- Chair of the local Risk Committee which approved, among others, investment alternatives and its corresponding limits
- Defined and established internal policies to manage financial risks
- Developed market, credit and liquidity risk assessment models to set and approve investment limits (local rating agency gave the fund a AAA rating in Quality of Portfolio Management)
- Responsible for the calculation and regulatory reporting of risk metrics such as value at risk
- Implemented the due diligence and investment analysis process for the approval and follow up of Private Equity investments, including reviewing financial modeling for project specific alternatives, liquidity risk related to capital calls and the evaluation of fund of funds and co-investment alternatives
- (PE program of USD$ 55O M in commitments)
- Defined the corporate governance standard required to invest in public companies
- Responsible for the fundamental (credit and market) analysis of all investment alternatives proposed to the Risk Committee for approval
- In charged of analyzing the credit standing and of the monitoring of approved counterparties
- Designed strategic asset allocation process and the asset allocation tools for the investment decision making process and portfolio performance monitoring
- Developed a very strong relationship with the Investments Department changing the dynamics of the two business lines in order to make them strategic partners
- Established a strong base of regular reporting for monitoring and analysis purposes
- Responsible for the investment compliance and performance calculation and reporting for all mandatory and voluntary mutual funds
- Member of the Strategic Investment Committee and of the team in charge of all ISDA negotiations
- Delegate to the Pension Fund Association for investments and risk matters
- Contact person for the local Superintendence and Regulatory bodies for matters related to investments and risk management
- Member of the Board of Directors.
Corporate Treasurer
Telefónica Móviles Colombia S.A.
03.2007 - 04.2009
- Responsible for the financial management, cash flow planning and investments of the organization
- Led a team of 12 individuals
- In charge of all decisions and strategies related to financial investments and responsible for ensuring the funding needed to meet all cash obligations (Gross Debt of approximately USD$1BL)
- Responsible for the Cash Flow management of the company (Collections for approximately USD$80m/month) and the banking accounts administration
- Responsible for the financial/Treasury reporting to the holding company (Telefonica S.A.)
- Coordinated all activities related to the hedging strategies
- Managed the direct relationship with bank account managers and trading floors salespeople of all local and international financial institutions.
Financial Risk Manager
Colombia Telecomunicaciones S.A. ESP. (Telefónica – Telecom)
09.2003 - 02.2007
- Responsible for the Investment Policy and the daily management of the company´s financial risks
- Led a team of 4 individuals
- Responsible for cash flow (annual collections up to US$800M), financing management activities (Debt up to US$200M) and the operational risks of the processes executed at the Treasury Department
- Executed all investment (treasury) deals above US$5 million
- Designed internal policies to monitor and manage the credit risk of collectors, counterparty risk of financial institutions and market risk for invested liquidity surpluses
- Responsible for asset valuation and investment analysis
- Handled the commercial relationship with account managers and trading desks of 15 local banks.
Treasury Analyst
Banco de Bogotá
09.2002 - 07.2003
- Participated in the implementation of the treasury software (Summit).
Debt Finance, Client Management Unit, Analyst
Société Générale
01.2002 - 05.2002
- In charge of mastering the trading websites for FX and fixed income products
- Responsible for advising new trading clients in the proper use of the transactional website.
Fixed Income Department, Credit/Sales Trainee
Lehman Brothers
03.2001 - 09.2001
- Member of the fixed Income – Corporate bond desk
- Responsible for the accounts of investment managers with AUM under EUR$1 million.
Broker
CIMD de Colombia
04.2000 - 09.2000
- Colombian sovereign debt broker
- Broker of sovereign global and Yankee bonds.
Trainee
Ministry of Finance
01.2000 - 03.2000
- Internship at the External Capital markets group
- Member of the team who issued the global bond due 2020.
Education
Risk Management in Banks and the Capital Implications -
Fitch Learning
Investment Management Workshop - undefined
Harvard Business School
Chartered Financial Analyst - undefined
CFA
Graduate Diploma in Risk Management for Financial Institutions - undefined
Universidad de Los Andes
Financial and Political Risks Seminar - undefined
Columbia University – Universidad Externado de Colombia
Master in Banking and International Finance - undefined
Université du Havre
Finance and International Relations - undefined
Universidad Externado de Colombia
Skills
Relationship Building
undefinedAdditional Information
Spanish, Native, English, Fluent, French, Fluent, Elected member of the Governing Committees of the IDB’s Retirement plan (The Committees oversee the management and administration of the Retirement plan and decides matters related to general policy including approving the Investment Policy), Founding member of CFA Society Colombia and Vice-president of CFA Society Colombia until 2021. Lead volunteer for all local activities held by the CFA Institute in Colombia (2010-2021)
Timeline
Head of Investments Risk Management
Interamerican Development Bank
08.2017 - 06.2022
Chief Risk Officer
Positiva Compañía de Seguros
12.2016 - 08.2017
Head of Investment Risk (Financial Risk)
Positiva Compañía de Seguros
08.2013 - 12.2016
Financial Risk Consultancy
01.2013 - 08.2013
Head of Risk Management, Investments
Sura Asset Management
05.2012 - 12.2012
Head of Investment Risk
ING Pensiones Colombia
05.2009 - 05.2012
Corporate Treasurer
Telefónica Móviles Colombia S.A.
03.2007 - 04.2009
Financial Risk Manager
Colombia Telecomunicaciones S.A. ESP. (Telefónica – Telecom)
09.2003 - 02.2007
Treasury Analyst
Banco de Bogotá
09.2002 - 07.2003
Debt Finance, Client Management Unit, Analyst
Société Générale
01.2002 - 05.2002
Fixed Income Department, Credit/Sales Trainee
Lehman Brothers
03.2001 - 09.2001
Broker
CIMD de Colombia
04.2000 - 09.2000
Trainee
Ministry of Finance
01.2000 - 03.2000
Credit and Capital Risk Management Chief
Interamerican Development Bank
6 2022
Risk Management in Banks and the Capital Implications -
Fitch Learning
Investment Management Workshop - undefined
Harvard Business School
Chartered Financial Analyst - undefined
CFA
Graduate Diploma in Risk Management for Financial Institutions - undefined
Universidad de Los Andes
Financial and Political Risks Seminar - undefined
Columbia University – Universidad Externado de Colombia
Master in Banking and International Finance - undefined
Université du Havre
Finance and International Relations - undefined
Universidad Externado de Colombia
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