Scott Schaffer-MBA

●Conducted periodic financial reviews and credit portfolio analyses of existing 63 CLS Group Settlement Members, 57 Liquidity Providers, Nostro Agent, Shareholders, CCP’s and other financial institution participants comprising the CLS Ecosystem.

●Monitored and report to the Senior Risk Manager – Country and Credit Risk- the operational performance based on over 20 parameters for Settlement Members, Liquidity Providers, Nostro Agents and other financial institution participants comprising the CLS Ecosystem. 

● Completed comprehensive Risk Appetite Statement for the Bank, utilizing over 15 widely accepted Principles for Financial Market Infrastructures.  Worked closely with relationship managers, transaction team and other credit officers to assist in structuring transactions to mitigate diverse forms of risk. 

●Developed 2 API's(Application Programming Interfaces) based on daily quantitative market data to aid the monitoring of over 100 corporate entities. Capital Market Data points included:  Equity Share Prices, CDS(Credit Default Spreads), Probability of Default(PD), and Sovereign Probability of Default.

●Created and delivered over 40 face-to-face comprehensive bilateral presentations to all member banks, providing detailed review of settlement and counterparty limits, liquidity and operational metrics, and swap metrics.     

●Liased amongst multiple business units including: compliance, legal, relationship management, regulatory affairs, and liquidity and operations risk in the completion of audit requirements. Identified approximately 20  credit risk metric KPIs(Key Performance Indicators) and KRIs(Key Risk Indicators) to continously monitor risk.

●Provided daily and periodic updates Aggregate Short Position Limits (ASPL) for settlement members. Provide rationale and justification for changes to approximately 3 trillion of settlement limits in CLS universe. Pre-screened sovereign and global financial institutions counterparties which may be targeted as potential CLS Group shareholders.

●Monitored Settlement Member and Liquidity Provider public credit ratings and regulatory capital requirements. Monitored 19 separate currencies, providing global current event updates based on political and economic trends.

●Engaged deal teams to shepherd on-boarding of new currencies, such as Hungarian Forint, Hong Kong Yuan, Russian Ruble, and Chilean Peso. Primary credit officer responsible for on-boarding the first Mexican Settlement Member to CLS, Banco Monex. 

●Monitored a US$2.5BN+ global portfolio of life, health property/casualty insurance companies, mutual funds, investment advisors, finance companies, and broker dealers. Prepared independent and objective assessments of the credit risks and mitigants associated with syndicated loans, letters of credit, bridge loans, and various market risk transactions (FX, interest rate derivatives, swaps, floors and swaptions); responsibilities also included conducting due diligence, preparing credit risk analyses and recommendations, and presenting risk conclusion to senior management.

●Evaluated creditworthiness of middle market banks and non-bank financial institutions including Willis Re, Arch Capital, Farmer Mac, as well as diverse subsidiaries of GE Capital for their program derivatives.

●Analyzed $1BN+ in RMBS, CMBS, CRE, ABS structured transactions and securities to provide impairment and internal risk ratings recommendations. Evaluations also included risk mitigation strategies, including the sale of assets and adjustments in risk ratings.

●Supported the daily management of Foreign Exchange, Interest Rate Swaps and Cross Currency Swap credit risk limits, and derivatives products and structures. Liaised with various sales and trading desks on a daily basis to administer and approve swap and settlement limits up to $50MM.

●Performed ad-hoc projects as requested by GFM management, securitization group members, and various trading desks(including equity and debt trading), focused on counterparties’ credit risk exposure management, calculating PFE (Potential Future Exposure), as well as the potential effects of Dodd Frank Financial Regulation on credit and trading procedures and products.

●Applied credit risk ratings methodologies to counterparties in the portfolio utilizing Rabobank’s Risk Ratings, LEA/LGD (Loss Exposure Aggregation, Loss Given Default) and RAROC models. Proficient with INTEX and Bloomberg software.

●Lead Group to further develop and strengthen financing structures/strategies resulting in $11.5MM of net income for the Group throughout a 12-month period. Financing strategies included M&A transactions in the financial services industry and specific clients such as Assurance, Lincoln National Life InsuraThe Bank of Tokyo-Mistubishi, UFJ, New York, NYnce, Transamerica, and Willis Group Holdings.
●Evaluated and approved structured credit transactions, including asset-backed securitizations, specialized leasing transactions, and up-tier proposals supporting Investment Banking Credit Division’s $400MM conduit warehousing facilities.

●Prepared credit risk analyses and loan applications within prescribed transaction deadlines, complying with Bayersische’s credit risk and ratings systems.
●Attended bank meetings, client presentations and provided follow up to procure additional cross-selling opportunities for a USD $3.3BN portfolio consisting of life, health and property casualty insurers.

●Served as portfolio manager for the Division’s credit portfolio of 70+ insurance clients; responsible for monitoring of credit ratings, conducting quarterly reviews, making credit risk recommending and implementing Return on Risk Adjusted Capital (RORAC) requirements to mitigate credit risks.
●Assisted Division’s Senior Client Executives in marketing Bank products, assisting with procuring $23MM+ in ancillary revenue for the Division during 2004.

- Double Major in Finance/International Business
- Member Graduate Finance Association
- Member of Management Consulting Association
- Member of Part-Time Students Leadership Forum

-Dean's List