Director, Operations Credit & Risk
Resume:
J. Mitchell McCloskey
P.O Box ***
Manchester, Maryland 21102
*********@***.***
https://www.linkedin.com/in/mitchell-mccloskeymailto:*********@***.***
Summary
Conscientious, resourceful Financial Services Professional focused on optimizing international risk management strategies, effective portfolio management and improving operational efficiencies. Goal-oriented team leader with a proven track record of loss management, policy development and implementation, while adding value through cultivating effective KYC/AML risk mitigation strategies worldwide. Results achieved:
Worldwide credit/risk losses below budgeted targets - for several consecutive years
Worldwide Credit & Risk Policy development & adherence by all regions
Implemented & administered AML/Sanctions screening tools worldwide
Organized and improved Credit & Risk communications among all of Global Payments’ regions worldwide
M&A resource: Credit, Risk & Operations due diligence for numerous potential acquisitions
Professional Experience
Global Payments; Owings Mills, MD 2009 - 2016
Director, Worldwide Credit & Risk
Successfully managed a team of three analysts in conducting oversight, portfolio review, reserve & loss analysis reporting for all Global Payments business units worldwide.
Initial credit underwriting, review and approval of all merchant types > $750k in risk exposure, with full approval authority to $5M USD.
Prepared and presented high risk business cases > $10M USD exposure to the corporate President, CFO and CEO.
Formulated and distributed credit & risk policies annually, forming the backbone of the company’s credit & risk appetite, preferred methods of financial analysis, and exposure calculation summarizing the overall risk-based philosophy worldwide.
Prepared monthly Loss Analysis, Sales Allowance, and Reserve Monitoring reports accurately and on time for all regions worldwide.
System Administrator for Accuity’s Compliance Link sanctions PEP/OFAC screening tool worldwide. Effectively completed system configurations and roll-out. Successfully held training webinars for all teams worldwide to ensure smooth functioning of the OFAC sanctions screening process and reporting.
Conducted analysis and prepared due diligence reporting for potential corporate acquisitions from a credit, risk and card operations perspective. Reviewed numerous prospective targets over the past six years, formulated portfolio risk calculations to determine exposure and made written recommendations to the corporate deal team.
Travelex Global Business Payments; Washington, D.C. 2008 - 2009 Credit Manager, North America
Effectively supervised three credit analysts and two collections agents performing U.S. and Canadian portfolio management, risk analysis, and credit underwriting in the commercial foreign exchange industry.
Successfully analyzed and approved client settlement limits, trade credit facilities and forward trading lines. Approved options trading requests, with authority for establishing OTM limits to cap risk exposure against daily market fluctuations.
Supervised multiple reports such as: margin calls, credit exposures, unpaid items, financial institution revenue sharing agreements and client fees billed monthly.
Formulated, wrote and distributed a new settlement credit policy for the New Accounts department at the time of client account setup.
Global Payments; Owings Mills, Maryland 2001 - 2008
Lead Analyst, U.S. Credit Department
Mentor and next level authority to five direct-report analysts in all U.S. credit underwriting and risk evaluation matters on a daily basis. Main contact and first level escalation point for inside sales, direct sales and ISOs (independent 3rd party sales organizations).
Successfully trained and developed nine new analysts during the last three years in underwriting, fraud detection, risk estimates and the collecting or negotiation of collateral reserves.
Three time winner of Global Payments’ Circle of Excellence award.
Education
Hampden-Sydney College, Hampden-Sydney, Virginia
Bachelor of Arts
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