Management Manager

CORWIN S. CHEN

*** ****** ******, ********* ******, New Jersey 07632

Residence: 201-***-**** - E-mail: ***********@*******.***

EXECUTIVE SUMMARY

A seasoned and accomplished risk executive with diverse experience in

operational risk, credit risk, and internal audit. Personable and hard

working with a strong passion to succeed. Impeccable integrity.

Excellent executive presence and communication skills. Experience with

managing and building relationships.

PROFESSIONAL EXPERIENCE

C&A CONSULTING, LLC, New York, New York March 2009 -

Present

Principal - Head of Risk and Controls Practice

A boutique consulting firm focused on banking, brokerage, asset

management, and alternative investment companies. Areas of specialization

include operations restructuring; operations process re-engineering; risks

and controls assessment and remediation; and project management for

operations related technology platforms. The COSO framework is used as

the basis in the assessment of a proper control environment.

Responsibilities include playing a leading role in the design and

implementation of solutions to address noted deficiencies or to achieve a

desired goal; staff supervision; engagement management; and marketing to

prospective clients regarding consulting services. Assignments include

working with the firm's external auditors on audit issues, fund

redemptions, risks and controls environment assessment, and

reconciliations involving cash, trades, and positions.

SOCIETE GENERALE, New York, New York 2006 - 2007

Managing Director - Group Credit Officer - Credit Assessment Group

Group Credit Officer supporting the Bank's Commodities Financing Business

reporting directly to the Head of the Credit Assessment Group. Review and

approve credit proposals for corporate clients requesting credit

facilities related to commodities loans, pre-export financing, equipment

leasing, derivatives trading lines, structured finance, project finance,

and syndicated loans. Commodities include soft commodities such as

sugar, soybeans, and coffee; hard commodities such as steel, copper, and

aluminum; and precious metals such as gold and silver. Responsibilities

include:

. Review and approve credit proposals and annual reviews.

. Monitor, and manage all credit related issues pertaining to the

client portfolio.

. Assess and determine internal obligor ratings and credit facility ratings

for each client.

. Calculate Loss Given Default (LGD) amounts.

. Participate in Senior Management meetings related to client credit

issues.

. Portfolio consists of over 400 corporate clients.

. Responsible for North America, Latin America, and Central America

regions.

U.S. TRUST COMPANY, Jersey City, New Jersey 2001 -

2006

Senior Vice President - Head of Operations Risk and Control

Founder and Group Head reporting directly to the EVP/Head of Operations.

Created the Operations Risk and Control function at U.S. Trust (a

subsidiary of Charles Schwab). Developed and implemented an effective

risk and control framework. This Group acts as a dedicated risk control

function for the Operations Division to address any and all risk issues.

The group consists of the following functional areas: Internal Controls,

Regulatory Risk Control, Technology Risk Control, and Financial Analysis

and Management Reporting. Businesses include Wealth Management, Private

Banking, Brokerage, and Asset Management. Managed staff size ranged from

8 to 28 analysts. Responsibilities include:

. Develop and implement an effective risk oversight operations

control program.

. Address internal control, audit, compliance, and regulatory issues.

. Lead completion and rollout of the Risk Self Assessments on

internal controls.

. Perform risk assessment of key internal controls.

. Perform testing of key internal controls to ensure that they are

functioning as designed.

. Operations Business Contingency Planning and Recovery.

. Engage in discussions on risk issues and manage relationships with

Regulators, Public Auditors, Internal Auditors, Risk Management, Legal

and Compliance.

. Address Sarbanes-Oxley requirements to ensure full adherence.

. Perform Quarterly Internal Controls Certification with Executive

Management.

. Perform budgeting, financial analysis, and management reporting.

. Participate in the CEO Monthly Business Review Meeting addressing

financial, risk, and control issues.

. Played a key role in the removal of the 2001 Federal Reserve Bank's Cease

and Decease Order.

. Managed the Reconciliation Control Group from 2003 to 2005.

. Lead development and implementation of a Vendor Management Program.

. Represent U.S. Trust on the Creditors' Committee involving the bankruptcy

of Global Crossings.

. The FRB cited the effectiveness of the risk oversight program created and

implemented by Operations Risk and Control as a key factor in its

decision not to come in to perform a review in 2006.

MERRILL LYNCH & CO. INC., New York, New York 1998 -

2001

Vice President - Team Leader - Capital Markets Division - Corporate Audit

Department

Global Audit Manager/Team Leader reporting directly to the Head of Capital

Markets Audit for the following lines of business: U.S. Equity Trading,

Global Risk Management, Corporate Credit, Investment Banking, and Latin

America. Audits are conducted with emphasis on financial controls,

internal controls, business continuity planning, and adherence to rules

and regulations of all applicable regulatory bodies. Audits performed

include: global equity derivatives, portfolio trading, convertible bonds,

international equities, prime brokerage, stock and commodity exchange

floors, institutional internet trading, and investment banking. Managed

staff size from 2 to 18 auditors. Responsibilities include:

. Charged with full responsibility for the proper completion of the

audit engagement.

. Managed global audit engagements from New York Headquarters.

. Determine annual audit plan employing a risk-based approach.

. Create audit engagement plan, testing strategies, and testing

procedures.

. Present audit findings to Senior Management.

. Responsible for management and development of staff.

. Manage audit relationships with business units.

. Member of the New Products Review Committee for all equity related

products.

. Lead audit manager for the development of the Internet Trading

Platform used by clients.

. Set-up audit presence in Sao Paulo, Brazil for handling of audit

engagements in Latin America.

. Recommended significant changes to the Corporate Risk Management

structure.

PRUDENTIAL SECURITIES INC., New York, New York

1989 - 1998

First Vice President - Senior Credit Officer - Credit Analysis Department

Group Head reporting directly to the Chief Credit Officer responsible for

managing client credit exposure for the following lines of business:

Commodities (institutional and retail), Fixed Income, Foreign Exchange,

Hedge Funds, Commodities Financing, P-B Finance Ltd., and Prudential-Bache

Metals Company. Totally rebuilt the Corporate Credit Function. Approved

in aggregate several USD billions in trading facilities, direct exposure

limits, delivery lines, and secured and unsecured financings for over

2,000 institutional clients. Exceptional record in the avoidance of

client losses while growing the commodities, foreign exchange, and fixed

income middle market businesses. Managed and expanded size of staff from

8 and 16 credit analysts. Responsibilities include:

. Review and approve credit proposals for corporate, institutional, hedge

funds, and retail clients.

. Perform daily monitoring of client exposures and annual credit reviews.

Responsible for credit training of staff on financial analysis and product

knowledge.

Manage loan workout recoveries for commodities and middle market fixed

income clients.

Manage credit risk for all commodities business in Latin America from 1989

to 1993.

Responsible for credit related activities for Prudential-Bache Metals

Company from 1989 to 1995.

Approved in aggregate several billions in trading lines and credit

facilities.

Led development and revisions to credit policies and procedures.

Created and implemented a new credit rating system based on FRB standards.

Designed and implementation a firm-wide global exposure monitoring and

reporting system.

Enhanced exposure reporting using portfolio based Value-at-Risk analytics.

Assessed and managed credit risk related to Hedge Funds clients.

Developed a customized margin financing methodology for a very prominent

hedge fund.

Acted as an advisor in a new product rollout of a commodity repurchase

financing program.

THE CHASE MANHATTAN BANK, N.A., New York, New York 1985 -

1989

Second Vice President - Commercial Banker - Commodities Financing Division

Commercial Banker on the Metals Team reporting to the Team Leader. Metal

clients included copper, aluminum, and steel companies in the business of

ore mining, fabricating, distributing, and trading. Completed assignment

in the Problem Loan Workout Unit participating in the negotiation and

daily handling of delinquent loans. Products include short-term and long-

term loan facilities, letter of credits, commercial paper back-up

facilities and investment banking transactions such as leverage buyouts,

tax-advantaged strategies, foreign debt and equity placements, and private

placements. Responsibilities include:

13. Sell bank products and manage client relationships.

Structure bank credit and lending facilities.

Negotiate credit facilities terms and conditions.

Responsible for creating the credit proposal for review and approval by the

Credit Officer.

Manage daily client banking activities and client exposure.

Manage account profitability and develop client business plan.

Perform annual credit review for each client in the portfolio.

Experience in secured lending techniques and structured finance

transactions.

Interest Rate and Currency Swap Group (1985): Developed a risk exposure

system and designed controls to manage interest rate and currency swap

book exposure. Analyzed complex interest rate and currency swap

transactions related to market, counter-party, and operational risks.

Interface directly with swap traders and the bank's Asset Liability

Management Committee.

MORGAN STANLEY AND COMPANY, New York, New York 1984 -

1985

Senior Internal Auditor - Capital Markets and Private Wealth Management

Perform audit engagements of front office, back-office, and branch

operations to evaluate internal control procedures, operation efficiencies

and adherence to compliance rules and regulations. Areas reviewed

included mortgage back securities, equity options trading, and trading

desks. Responsibilities include:

21. Responsible for completion of the audit engagement.

Maintain relationships with business units.

Develop audit plan, testing strategies, and testing procedures.

Document workflow processes.

Prepare audit report and present audit findings.

COOPERS AND LYBRAND, New York, New York 1980 -

1984

Senior Auditor - In-Charge Auditor - Financial Services Division

In-Charge Auditor in the Financial Services Industry Group reporting to

the Audit Manager with concentration in audits of broker/dealers and

investment banks. Clients include Lehman Brothers and Shearson American

Express. Managed staff size from 1 to 20 auditors. Responsibilities

include:

. Promoted very quickly to In-Charge Auditor within 12 months of

starting.

. Work with audit partner and audit manager on the scope and plan to

conduct the audit review.

. Develop audit engagement plan, testing strategies, and testing

procedures.

. Responsible for administration, management, and proper completion

of all audit related fieldwork.

Manage and supervise internal audit staff relating to audit work performed

for the annual review.

Perform review of internal controls, and present recommendations for

improvements.

28. Prepare audit report and management letter on internal controls.

EDUCATION AND TRAINING

New York University - College of Business and Public Administration,

Bachelor of Science - 1980.

Double Major in Accounting and Computer Information Systems.

The Chase Manhattan Bank, N.A., Credit Development Training Program, 1986.

Credit Training, Financial Analysis, Secured and Unsecured Lending,

Structured Finance, Capital Markets Products, and Investment Banking

Transactions.

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