Walter Shapiro
Phoenix,AZ
Summary
Dynamic Finance Executive with over 20 years of experience in Commercial Real Estate (CRE) lending and institutional portfolio management. Proven track record of generating over $375M in annual originations, coupled with expertise in loan structuring and managing complex loan portfolios while fostering strong client relationships. Proficient in navigating highly regulated environments, including OSC and Banking, to achieve optimal risk-adjusted returns. Based in Phoenix, AZ, with a commitment to leveraging extensive institutional finance expertise to drive strategic growth and innovation.
Overview
20
20
years of professional experience
Work History
Specialist, Corporate Finance Branch
Ontario Securities Commission
2022.01 - 2025.01
- Regulatory Subject Matter Expert: Provided strategic counsel on novel real estate business models and enforcement matters, ensuring compliance with complex financial frameworks—expertise directly transferable to US Dodd-Frank and Basel III compliance.
- Policy & Risk Analysis: Designed program solutions for risk assessment that streamlined regulatory approvals for complex real estate investment structures.
Associate Vice President, Commercial Lending
DUCA Credit Union
2018.01 - 2022.01
- Led a team of Account Managers and Analysts to manage a profitable portfolio of complex commercial loans, ensuring strong client relationships.
- Originated and Closed $375M+ annually in institutional-grade construction and land development financing, consistently meeting/exceeding capital deployment targets.
- Expertly structured Vertical Construction and Lot Banking facilities, negotiating complex covenants and security packages to mitigate risk while maximizing ROI.
- Led Syndicated Financing as the Lead Lender, managing relationships with participant banks and ensuring seamless funding for major multi-phase projects.
- Portfolio Management: Directly managed a 150-loan portfolio, proactively restructuring non-performing assets to preserve capital and maintain the mandated risk profile.
- Proactively monitored loan portfolio performance, tracked covenants, and addressed non-performing assets to maintain compliance with policy and regulations.
- Ensured annual reviews, policy limits, Know-Your-Customer (KYC), and Anti-Money Laundering (AML) regulations were met per Credit policy and regulatory guidelines.
- Collaborated with lenders on loan syndications, underwriting, and loan documentation to support portfolio growth and risk management.
- Represented the Credit Union at community and business events, strengthening client relationships and identifying new opportunities.
- Managed performance of direct reports, including training, coaching, and conducting performance reviews to support team development.
Director, Investments
MCAN Mortgage Corporation
2015.01 - 2018.01
- Managed the Construction and Commercial Portfolio, ensuring adequate originations, funding, and optimization of commercial loans on the balance sheet.
- Structured, negotiated, and closed standalone and syndicated construction and commercial term financing, supporting portfolio growth and client needs.
- Oversaw investment operations, monitored financial performance, budgeting, and reporting for a diverse portfolio of loans.
- Conducted thorough credit assessments and financial statement analysis to maintain portfolio risk profile and ensure compliance with investment criteria.
- Structured and negotiated contract terms, covenants, and security to mitigate risk and support regulatory compliance.
- Negotiated, restructured, and recovered problem loans, demonstrating strong problem-solving and relationship management skills.
- Managed a team of junior professionals focused on building and maintaining the investment portfolio.
Education
MBA - Banking And Finance
Schulich School Of Business, York University
Toronto, Canada01.2004
Finance
CFA Institute
Charlottesville, VA01.2015
Skills
- Client relationship management
- Advanced problem-solving
- Credit analysis and risk assessment
- Commercial loan underwriting
- Banking regulatory compliance
- Financial statement analysis
- Loan processing
- Portfolio management
- Team management
Timeline
Specialist, Corporate Finance Branch
Ontario Securities Commission
2022.01 - 2025.01
Associate Vice President, Commercial Lending
DUCA Credit Union
2018.01 - 2022.01
Director, Investments
MCAN Mortgage Corporation
2015.01 - 2018.01
MBA - Banking And Finance
Schulich School Of Business, York University
Finance
CFA Institute