Management Manager
Resume:
OBJECTIVE
Director/Partner/Senior Associate focusing on residential and commercial
mortgage management & product development within corporate ventures
providing creative, high-impact products and services to consumers.
CAREER PROFILE
Accomplished Financial Management Professional with broad exposure to all
operational/technical facets of business development, including credit risk
management and reporting, vendor analytics, and global market/product
engineering. Solid project leadership experience building cross-cultural
relationships between technical and business operations. Strong P&L
orientation with an outstanding ability to communicate/present complex
material. Key qualifications include:
Portfolio & Credit Risk Management Operations Re-engineering
Strategic & Competitive Market Loss Forecasting & Econometric
Analysis Modeling
Business & Product Life Cycle Multifunctional Information/Data
Implementation Design
Business Case Development Research & Data Synthesis
Team Leadership & Performance Engineering for Best Practices
Improvement
PROFESSIONAL EXPERIENCE
ICON SERVICES, Forest City, CA ( 2009 to Present
Mortgage Risk Management Consultant
GENWORTH FINANCIAL GROUP, Raleigh, NC ( 2005 to 2009
Managing Director - Global Capital Markets & Product Development
FREDDIE MAC, McLean, VA ( 1995 to 2005
Offerings Management Manager - Product Development (2004 to 2005)
Financial Analyst Manager - Portfolio Management (2003 to 2004)
Senior Business Analyst - Credit Risk/Loss Forecasting (2001 to 2003)
Business Analyst II - Loss Mitigation/Servicing (1998 to 2001)
Business Analyst I - Loss Mitigation/Servicing (1995 to 1998)
RUESCH INTERNATIONAL, Washington, DC ( 1993 to 1994
Treasury Specialist
EDUCATION
Georgetown University ( International MBA, 2005
Finance, International Business Strategy
Summa Cum Laude (GPA 3.98/4.0) ( Awarded Consulting Internships in Hong
Kong, China, and Mexico
University of Michigan ( Bachelor of Arts, 1990
Economics/International Studies
TODD W. PALMER Page 2
PROFESSIONAL ABILITIES
PRODUCT DEVELOPMENT
Well versed at directing multiple international business/technical teams in
life-cycle management of financial products using traditional, Agile, or
Pragmatic methodologies
. Development - Led market research, established on-going vendor/client
partnerships, and specified new structured credit requirements to meet
customer demand. Developed and implemented the first new offering in 3
years, generating $1 billion in monthly volume and achieving total
cost-recovery within 8 months.
. Management - Directed analysts in developing feature modifications to
increase profitability for mature products. Led 3 business/technical
teams in managing/developing new products and identified potential M&A
targets to enhance current business activities. Consulted on purchase
portfolios for 15 global platforms with total risk-in-force of $185
billion.
CREDIT RISK / DEFAULT MANAGEMENT
Expertise in developing performance metrics, loss-mitigation/work-out
processes, and managing credit portfolios
. Report Analytics - Developed comprehensive reporting analytics on non-
performing portfolios allowing management to adjust workout policies
according to concentrations in geography, credit quality, and program
characteristics. Designed vendor performance and delegated
underwriting profiles.
. Risk Transfer - Led divisional efforts to sign its first reinsurance
treaty in 10 years. Built consistent global structured credit
methodologies, identified portfolios to shed, and managed treaty
discussions with insurers and investment banks.
. Credit Policy - Drafted new credit parameters for multi-billion
dollar financial products, coordinated approval with credit risk
oversight, and assisted in implementing policies on location.
MODELING
Experienced leader managing technical teams in developing audit-ready
business/accounting models on Agency, non-conventional and international
mortgage collateral.
. Fixed Income Valuation - Managed the development of whole-loan
valuation models utilizing both actuarial and capital market
techniques. The results enabled the business to develop new credit
structures meeting FASB accounting directives for derivative
reporting.
. P&L Forecasting - Managed the development, documenting, and
integration of Markov Chain, ARIMA and Proportional Hazard models into
a forecasting tool that enabled management to accurately observe
quarter over quarter business / accounting views of default and loss
for operational and reserving purposes.
. Risk-Based Capital - Led modeling of bond cash flows / defaults to
ensure purchases met statutory risk-based capital ranges. Effort
optimized a $14.5 billion portfolio to specified regulatory capital
caps.
. Servicing Valuation - Designed mortgage servicing strip valuation
model used for targeting corporate acquisitions and providing fair-
market portfolio pricing. Results identified insurmountable market
price/value dislocations that contributed to management's accurate
decision to hold on further purchases.
. Profit/Loss - Utilizing newly created databases, modeled whole-loan
margins resulting in the recognition of long-term profit compression
for a number of prominent products of between 4 and 8 basis points.
PROGRAM/OPERATIONS MANAGEMENT
Effective in analyzing operational inefficiencies and leading change to
increase productivity
. Platform Development - Directed the implementation of global
operations architecture for new structured products. Facilitated
tax/accounting strategy, legal entity setup, compliance, model
integration, as well as diagramming IT/business process flows.
. Operational Re-engineering - Introduced process automation to work-
groups in loss mitigation, portfolio management, and product
development. These efficiencies allowed management to reduce product
concept-to-market time from 20 weeks to 6 weeks.
. Data Rationalization - Provided recommendations on mortgage data
infrastructure and application/model requirements that led to changes
in the type and timing of data collected. This allowed stakeholders to
more easily integrate systems with new applications and provide better
modeling capabilities.
PROFESSIONAL AFFILIATIONS
National Association of Business Economists ( Global Association of Risk
Professionals
Todd Palmer
317 West Morgan Street, #317
Raleigh, NC 27601
abk5jp@r.postjobfree.com
www.linkedin.com/pub/4/b8b/688
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