Management Risk

JUDITH M. CHAVIS

**** ****** **** ****** ****** Woods, MI 48236

Home: 313-***-**** Cell: 586-***-**** ********@*******.***

FINANCE ~ INVESTOR RELATIONS ~ RISK MANAGEMENT ~ CORPORATE STRATEGY

Proactive professional with 15+ years of progressive experience encompassing a wide range of corporate strategy, finance,

investor relations and risk management roles. Critical thinker and creative problem solver with effective combination of

strategic planning, financial management, leadership, communication, analytical and decision-making skills. History of being

handpicked by senior executives for new roles. Skilled at creating and presenting material to C-level executives. Articulate,

intelligent, ambitious, self-motivated, and results-oriented. Outstanding corporate ambassador to customers, industry

groups, regulatory bodies, private investors, Wall Street analysts, board members, and other internal and external

stakeholders. Willing and able to travel. Broad-based strengths and accomplishments in:

Finance Financial Analysis and Reporting Research

Investor Relations Policy Development Budgeting

Strategic Messaging Regulatory Affairs Administration

Risk Management Strategic Planning Mergers and Acquisitions

PROFESSIONAL EXPERIENCE

GMAC FINANCIAL SERVICES, Detroit, MI 2007 – 2008

A leading global diversified financial services company with operations in about 40 countries that include auto financing, real estate

financing, insurance and commercial financing.

Senior Vice President: Enterprise Credit Risk Management (2007 - 2008)

Developed a multi-location enterprise level credit risk management group to centralize strategic risk management activities that had

previously been performed at the business unit level. Established and coordinated enterprise credit risk management framework,

strategies, and policies with line of business risk personnel. Provided direction for all direct reports to develop and implement goals

and objectives that were specific, measurable, attainable, reasonable and time-based. Responsible for annual planning process which

included setting objectives, structuring tasks, establishing priorities, determining annual budget, forecasting, and operating within

budget.

Selected Accomplishments:

Established enterprise-wide credit risk portfolio analytics and reporting to summarize key trends, performance metrics, business

drivers and forecasts of expected asset behavior across the pool of credit risk. Analytic activities included: migration and

correlation analyses, loss forecasting and stress testing processes, pricing analysis and feedback processes, and consolidated

portfolio scenario analyses.

Provided executive management with an independent analysis of enterprise credit risk, emerging trends across the portfolio and

value based management metrics to facilitate strategic planning/decision-making.

Conducted gap analysis of risk rating system and tools; recommended system/tool enhancements; and, worked with information

technology group to coordinate infrastructure design, development, and implementation of new/enhanced tools and technology.

COMERICA INCORPORATED, Detroit, MI 1988 – 2007

One of the 20 largest financial services companies in the United States with multiple locations in the United States, Canada, and

Mexico.

Vice President: Office of Risk Management (2004 – 2007)

Held position for five months concurrent with Investor Relations role.

Collaborated with executive management team to establish enterprise-wide risk management structure including committees,

organizational hierarchy, and oversight via appropriate policies, procedures and reporting mechanisms. Enabled senior executives to

make informed business decisions, improve risk identification and mitigation, and link risk-adjusted performance metrics to attribution

of economic capital by building and directing enterprise-wide risk management function. Presided as Secretary of Enterprise-wide Risk

Management Committee, ensuring that all responsibilities as set forth in Committee Charter were being met; all Committee members

were kept apprised of status in achieving risk management objectives; set agenda for Committee meetings and prepared all materials;

and, facilitated discussions at Committee meetings.

Selected Accomplishments:

Identified key risk data for each risk pillar, ensuring data was relevant, consistent, and accurate to provide a comprehensive

overview of the corporation’s risk profile. Provided quantitative and qualitative assessments of the data to appropriate

management/board committee to convey trend analysis, deviations to stated ‘risk tolerances’, forecasts of expected asset

behavior across the pool of risks, impact on strategic corporate initiatives, and recommendations for committee actions, as

warranted.

Continued

JUDITH M. CHAVIS Page 2

COMERICA, INCORPORATED continued

Designed a risk model validation program that included the following: definition of a model and minimum model documentation

requirements; model risk assessment factors; drafting and approval of Model Validation Policy and Model Validation Process

document; model inventory database; and, validation program schedule.

Authored white paper assessing Comerica Incorporated’s readiness for Basel II implementation; presented findings to executive

management, Board of Directors, and Federal Reserve Bank of Chicago.

Vice President: Investor Relations (2000 – 2005)

Contributed to Comerica’s securities earning fair valuation by successfully handling a strategic management responsibility to integrate

finance, communication, marketing, and securities law compliance for effective communication between the corporation, financial

community, and other constituencies. Increased visibility of corporation and its executives and stimulated investment community’s

interest by developing strategic messaging, ensuring clear communication of corporate strategies, and initiating and directing

reestablishment of biennial Comerica-sponsored Investor Day in New York.

Selected Accomplishments:

Generated broker/investor interest in corporation’s securities by maintaining relationships with stock specialist firm and building

buy-side and sell-side coverage; served as liaison between equity market and corporation and monitored securities trading.

Coordinated all activities in preparation of quarterly earnings release including financial statements, press release, investor

presentations, executive management talking points, financial summaries and other reference materials for use by executive

management, and conference call/webcast.

Enhanced corporation’s ability to effectively disseminate financial results to 1,000+ investors by automating distribution channel

and influencing executives to use conference calls and web-based presentations for release of quarterly earnings.

Played integral role in due diligence and acquisition of Imperial Bancorp as member of corporation’s acquisition team. Authored

messaging/presentation for announcement; coordinated regulatory filings with SEC, NYSE, and Federal Reserve; fielded inquiries;

and, coordinated information necessary for integration of bank.

Finance Officer/Controller: Financial Support (1998 – 2000)

Provided accounting support and acted as liaison between corporate controller and Information Technology line of business. Worked

closely with business unit personnel to prepare budgets and compile monthly and quarterly P&L forecasts; analyses and validation of

financial information at the division and business unit level; and, develop proposals for capital projects that met strategic business

goals while ensuring adherence to corporate financial objectives.

Selected Accomplishments:

Created reporting systems that consolidated and analyzed financial reports for 20 business units within the IT and technology-

based operations division.

Presented monthly financial reviews to division executive, EVP/CIO, which included annual budget/variance analysis, full-year

forecasts of division financial results, status of capital projects, and other ad hoc reports, as requested.

Decreased direct annual software expense by 30% by developing tracking system for software development costs, enabling

corporation to capitalize and amortize expenses as part of the related asset.

Earlier positions with COMERICA include: Examiner: Collateral Evaluation Department; Processor: Commercial Loan Operations;

Retail Service Representative: Branch Operations; Customer Service Representative: Branch Operations

PROFESSIONAL AFFILIATIONS

InFORUM, a professional women’s alliance 2008 – Present

RISK MANAGEMENT ASSOCIATION 2006 – Present

Attended 2006 Enterprise Risk Management Workshop

AMERICAN BANKERS ASSOCIATION (ABA) 2005 – 2007

Enterprise Risk Management Group: Actively participated in Model Validation Subgroup and represented Corporation at meetings

focused on challenges and issues of moving forward with implementation of proposed Basel II Capital Accord.

NATIONAL INVESTOR RELATIONS INSTITUTE (NIRI) 2000 – 2004

NIRI MICHIGAN CHAPTER BOARD MEMBER 2002 – 2004

Vice President, Programming and Development: Represented chapter at national events, including the National Leadership Conference.

EDUCATION

BACHELOR OF ACCOUNTANCY, WALSH COLLEGE, Troy, MI 1995

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