STEVEN TREMBLAY
Baldwin Place,NY
Summary
Versatile Managing Director with proven abilities across all levels of organizational management. Talented in developing partnerships, overseeing personnel and developing tactical plans to meet strategic goals. Proven leader with significant background in structured finance and asset-backed securities.
Overview
25
25
years of professional experience
Work History
Managing Director
Assured Guaranty
New York, NY
04.2019 - Current
- Spearheaded successful business development initiatives aligned with company's strategy and core competencies across various asset classes including subscription finance, CLOs, structured settlements, consumer receivables, shipping receivables and infrastructure asset pools.
- Complete underwriting of the transaction including asset risk and performance forecasting, structural mechanics, capital, legal and regulatory impacts
- Coordinate underwriting efforts with internal departments such as credit, legal and regulatory and addressing all transaction obstacles as they occur
- Work to educate colleagues on new products for the firm and to obtain approvals to underwrite new assets where appropriate
- Contribute meaningfully to the group originations budget Global Structured Finance Portfolio Risk Management
Chief Surveillance Officer
Assured Guaranty
New York, NY
12.2017 - 04.2019
- Managed a team of 12 professionals and charged with managing the Structured Finance exposure in force
- Led workout efforts on troubled credits, working closely with legal and credit colleagues throughout the process
- Presented portfolio updates to the Board of Directors on a quarterly basis
- Point person for inquiries into the portfolio, historical performance and asset class information and understanding
Managing Director - CDO Surveillance
Assured Guaranty
New York, NY
01.2010 - 12.2017
- Manage Oversight of approximately 400 CDOs (CLO/CBO/TruPS CDOs) and Credit Default Swaps with a peak net par outstanding in excess of $100 billion
- Managed the wind-down of the financial products business and was a member of the asset/liability of that business
- Senior business person who successfully negotiated with the Lehman estate regarding claims Assured had in the bankruptcy relating to a portfolio of derivative transactions
- Evaluated the CDO portfolios of several acquisition targets for determining Assured's bid appetite
- Evaluated new business CDO opportunities for the originations group
- Utilized six surveillance analysts, a quantitative analyst and two interns to properly ensure understanding, analysis, and execution of the CDO portfolio
- Led restructurings/refinancings on several distressed transactions resulting in PV benefit to the company in excess of $20 million
Managing Director - Financial Products
Assured Guaranty
New York, NY
10.2007 - 07.2009
- Managed a staff of four analysts responsible for the credit risk of the financial products department consisting of approximately $36 billion of assets and liabilities
- Brought into the position to improve the existing credit risk management function
- Reviewed and approved all new asset and liability transactions
- Assisted in the negotiations of the hive up of the financial products business in conjunction with Dexia's sale of FSA to Assured Guaranty. Extensive discussions regarding the portfolio, associated risks and potential base and stress losses with Dexia and the sovereigns of France and Belgium
- Monitored all assets (RMBS, ABS, Muni, Monoline exposures) and determined the current individual and portfolio credit risks as well as potential asset imparments
Director - CDO Surveillance
Assured Guaranty
New York, NY
12.2002 - 12.2009
- Managed the firm's growing CDO portfolio
- Led the business side in coordinating with internal and external counsel in several litigations that were the result of our taking remediation actions to enforce our rights
- Set loss reserves utilizing performance and cash flow projections on a deal-by-deal basis
- Diligenced CDO managers via conference calls and on-site diligence meetings
- Feedback to Chief Underwriting Officers, CEO and Underwriters as to the potential causes for transaction underperformance and suggest ways to remedy those situations
Vice President - CDO Surveillance
Assured Guaranty
New York, NY
09.2001 - 09.2002
Assistant Vice President - CDO Surveillance
Assured Guaranty
New York, NY
09.2000 - 09.2001
Associate - CDO Surveillance
Assured Guaranty
New York, NY
04.2000 - 09.2000
Associate
Standard & Poor’s
New York, NY
04.2000 - 09.2000
- Managed the surveillance of approximately 600 ABS transactions including auto loans and leases, credit card, equipment, recreational vehicles, franchise loans, tax liens, rental fleets and nonperforming debt
- Bring transactions which I have determined require a rating change to committee and provide my recommendation and supporting data
Analyst
MBIA Insurance Corporation
Armonk, NY
03.1998 - 08.1999
- Monitor cash flows generated by the assets used to back bonds
- Read and interpret legal documents related to transaction and ensure that the related parties are following the requirements as per the documents
- Build and utilize models to project performance of a transaction
- Create and execute a remediation plan designed to minimize losses on troubled transactions
Education
MBA - Financial Management
Pace University
New York, NY04.1999
Bachelor of Science - Anatomy & Cell Biology, Endocrinology
McGill University
Montreal, Quebec04.1997
Skills
- Structured Finance
- Asset-Backed Securities
- Problem Anticipation and Resolution
- Decision Making
- Records Organization and Management
- Administrative Management
Timeline
Managing Director
Assured Guaranty
04.2019 - Current
Chief Surveillance Officer
Assured Guaranty
12.2017 - 04.2019
Managing Director - CDO Surveillance
Assured Guaranty
01.2010 - 12.2017
Managing Director - Financial Products
Assured Guaranty
10.2007 - 07.2009
Director - CDO Surveillance
Assured Guaranty
12.2002 - 12.2009
Vice President - CDO Surveillance
Assured Guaranty
09.2001 - 09.2002
Assistant Vice President - CDO Surveillance
Assured Guaranty
09.2000 - 09.2001
Associate - CDO Surveillance
Assured Guaranty
04.2000 - 09.2000
Associate
Standard & Poor’s
04.2000 - 09.2000
Analyst
MBIA Insurance Corporation
03.1998 - 08.1999
MBA - Financial Management
Pace University
Bachelor of Science - Anatomy & Cell Biology, Endocrinology
McGill University