William J. Vahey II

Home Address:

***** *********** ****

Huntersville NC 28288

704-***-****

ad2lhg@r.postjobfree.com

RELEVANT EXPERIENCE:

Wells Fargo 2019 - Present

Executive - Director

●Corporate Risk Executive at Wells Fargo, and Head of Risk and Controls, Commercial Real Estate (CRE), for Real Estate Banking,- Balance Sheet Lending, Specialty Finance, and the REIT Finance Groups; providing holistic, risk leadership and oversight within the Corporate and Investment Banking Segment (CIB), and the Commercial Real Estate Division (CRE) ;

•Responsible for all risk and control activities, in alignment with the Wells Fargo Risk Framework;. oversight and governance of business unit activities, including strategy, product, process, technology utilization, risks, controls, issues, losses, etc;

•Lead the efforts of the business-aligned Front Line Control Group, applying a variety of enterprise risk program oversight activities for both the U.S. and International CRE activities, in order to mitigate risk;

RiskSpan 2013 - 2018

Senior Managing Director

Senior Managing Director at RiskSpan, a boutique risk advisory company, providing risk management, information technology, process, governance, compliance, project management and data/analytics advisory services to clients nationwide;

•Responsible for sales and delivery of value-added advisory engagements to financial services organizations across the Country; Lead national advisory activity for the company, and manage large bank relationship accounts;

•Responsibilities include initial marketing, contract negotiation, deal closing, and on-site hands on project management, from initial staffing, to daily management of activities, to the submission of all deliverables;

•Involved in company strategy, product development, marketing outreach, content delivery, sales, P&L, customer engagement, staffing and recruiting, etc.

•Serve as the company subject matter expert (SME) on a variety of topics, including commercial and multifamily real estate, asset management, governance, stress testing, operational risk, regulatory advisory, IT systems planning and requirements definition, capital planning, CCAR/DFAST, etc;

BlackRock 2010 - 2012

Consultant

Consultant at BlackRock, tasked with risk advisory and commercial real estate analytics and loss forecasting;

• Performed thorough and detailed underwriting on thousands of commercial real estate loans/assets; loans were collateralized by all asset classes (retail, office, multifamily, storage, industrial) and in all U.S. markets contained within Commercial Mortgage Backed Securities (CMBS); analysis was performed on the underlying cash flow at the property level, an assessment of the credit, as well as a collateral valuation of the asset, utilizing market demographic, job, and sales metrics;

• Performed credit approval and loan submission templates for use in Government Sponsored Entity (GSE) loan originations for execution via FHLMC loan and securitization programs;

• Generated risk-based real estate studies on areas of concern in the commercial real estate sector;

Wells Fargo / Wachovia 1998 - 2010

Director

Director in Wells Fargo’s Special Situation Group, having served in various capacities in the Risk Management, Servicing/Asset Management, Structured Finance, and REO Business units at Wells Fargo and predecessor firms Wachovia and First Union.

• Chief Risk Officer/Senior Risk Manager for the Commercial Real Estate Services (CRES) business unit, an industry leading CMBS primary and master servicer; responsible for all Credit, Market, and Operational risk performance of the unit, and all compliance, regulatory, and risk based initiatives conducted, including the oversight of all counter-parties, who were assessed utilizing a proprietary scoring methodology; responsible for all business unit enterprise risk, and risk mitigation activities of the business unit;

• A vital member of the Senior Management team in Servicing that oversaw the dramatic growth from a 5,000 loan portfolio with a UPB of approximately $25 billion in 1998, to the 25,000 loan portfolio and approximate $300 billion + portfolio that it is currently.

• Formulated the Servicing group’s Operational Risk Control Self- Assessment Program; this methodology is based on the establishment of pre-defined metrics of performance, and the ongoing test-work of these standards; critical to this process is the dashboard based reporting, and ongoing process and control improvement mind-set that accompanies this activity.

• Developed/Designed a comprehensive loan level portfolio risk management system (ICE) to assess risk within the business unit; the system categorises loans into low, moderate, and high level risk based upon pre-defined trigger metrics of loan and securitization performance; stratifications available include securitization performance, originators, rating agencies, trustees, etc.

• Provided value-added analysis and operational process improvement initiatives, including outsourcing initiatives, annual customer surveys, benchmarking studies, assessments/peer analysis, systems advisory, policy and procedure development and maintenance, rating agency relations, etc. Instrumental in many critical information technology projects associated with the Servicing business, such as the analysis and proof of concept for the FileNet imaging system, the initial creation of ReportGen, the development of the ICE automated risk rating system, the outsourcing analysis of multiple functions, and the creation of an automated Watchlist system.

• Participated in many due diligence engagements, including Wachovia’s acquisition of FNMA DUS entities AMI, Lend Lease, American Property Financing, and the Arbor portfolio.

• Created a Portfolio Surveillance Department focused on macro-economic trends and the impact of those trends on assets held in the portfolio in addition to providing intelligence regarding the portfolio; Performed analysis of leading economic indicators in order to assess trends and activity within the department, including delinquency activity by market, property type, sector, asset class, etc.; performed portfolio exposure analysis including tenant and bankruptcy event risk, to ensure accuracy in information being sent out to the marketplace; established market feeds from a variety of sources to provide intelligence on loans in the portfolio.

• Within the “Structured Finance Group”, a unit within Real Estate Capital Markets focused on the structuring, analysis, underwriting, and origination of bridge loans, mezzanine debt, and joint venture equity investments, across multiple asset types and including land acquisition and development. Lead the West Coast underwriting efforts of WB’s Structured Finance Unit, and managed the development of the group’s proprietary pro forma cash-flow models used for all asset types for debt and equity offerings.

•Performed “hands-on” asset management, across asset types; these activities included leasing related matters, property cost containment, property amenity upgrades, and face to face meetings with vendors engaged for repairs, deferred maintenance, etc.

• Within Wells Fargo’s Special Situations Group, acted as Asset Manager/Workout Officer on a large pool of complex commercial real estate assets, across all asset types; activities involved assessing strategies for loan extension, debt pay-down, deed in lieu of foreclosure, and formal foreclosure processes.

•Was named Manager/National Head of Wells Fargo’s Syndicated Transactions Group within the bank’s REO Division; this group was created within the Special Situations Group (SSG) in the aftermath of the financial crisis of 2008, and the merger of Wachovia and Wells Fargo;

•As Head of this group, lead activities including foreclosure proceedings, new legal entity formation, governing document formulation, and all strategy and communications with the lender syndicate; performed hands on asset management, and managed multiple large loans with WB/Wells involvement as either the lead bank and Administrative Agent, or as a syndicate lending member; portfolio balances in excess of $3 billion, with collateral and/or assets located throughout the Country;

•Performed detailed asset management activities on all owned asset positions; this entailed extensive travel to assets located throughout the United States, for retail, office, multifamily, student loan, hospitality, storage, and land assets; Formulated specific asset plans for each position, detailing the recommended strategy for further investment, hold period, amenity improvement, leasing concessions, cost containment, litigation management valuation, and market based sale and recovery analysis; As ‘Agent bank’, lead the discussions and analysis at the asset level with the syndicate banks, and their legal counsel, and distributed formal documented asset plans;

KPMG 1990 - 1998

Senior Manager, National Mortgage and Structured Finance Group

Strategic and operational advisory consultant to the Financial Services industry; consulted over 100 lenders and servicers across the residential, commercial, sub-prime, homebuilder, and GSE landscape; expertise in the following disciplines:

Reengineering/Process Redesign

• Performed multiple strategic reengineering/transformation services engagements for lending and servicing operations; provided value added recommendations to clients designed to improve productivity, reduce costs, and streamline processes and workflows, while enhancing customer service levels; assessed client productivity, file-flow, cycle times, etc. to identify and eliminate bottlenecks and improve overall workflow.

Merger /Acquisition and Company Valuation

• Provided full range of M&A services for purchasers and sellers, from modelling the transaction under various scenarios to estimate the impact on the purchaser’s earnings (EPS, ROA, and ROE), to on site reviews and integration assistance; performed on site financial and operational due diligence to review the risks and efficiencies of current operations; performed assessment of target company performance through cost, productivity, and profitability modelling; performed integration and consolidation services for the new entity, focusing on strategy, people, process, and technology issues.

Benchmarking

• Performed benchmarking analysis engagements, from survey based analysis to full-fledged comprehensive studies of cost, productivity, and profitability; involved from initial marketing and questionnaire matrix development to analysis and presentation of results to participants; provided feedback to benchmarking clients on performance measures and best practices.

Strategic and Operational Reviews

• Advised numerous clients with strategic related issues, including the following: entry or exit into particular markets, assessing appropriate lending channels and products, feasibility of new lines of business, assessing geographic markets for competition and growth potential.

Risk Assessment Diagnostic Reviews

• Performed critical risk assessment services to identify, quantify, and assess various types of risk associated with mortgage finance operations, including financial, operational, and regulatory risks; determined the level of risk, ascertained acceptable risk tolerance, and determined measures to mitigate risk exposure, particularly in the hedging of interest risk assets.

Systems Selection

• Provided system selection assistance to various mortgage lenders and servicers; assistance was provided in the assessment of attributes and limitations of current technology, assessments of current and future needs, and review and recommendations of multiple vendors, based on operating environment, technical architecture, vendor support, and cost.

Assurance and Attestation

• Provided audit and attestation services to numerous organizations, in addition to regulatory examinations, as part of the review of financial statements.

EDUCATION AND AFFILIATIONS

• The Pennsylvania State University, Bachelor of Science, Accounting, 1990

• Certified Public Accountant, Commonwealth of Pennsylvania (inactive)

• AICPA, and PACPA, member

• Risk Management Association, (RMA), member

OTHER

-Former Sergeant, U.S. Army; holder of Top Secret Presidential Security Clearance.

-Former member of the “White House Communications Agency”, an elite group of military communications specialists hand-picked to provide secure and non-secure communications support to the President, Vice President, and their respective staffs; travelled extensively both stateside and abroad with the President of the United States; served during the Reagan Administration.

-Recipient of numerous military and White House accolades, including the prestigious Presidential Service Badge and Certificate.

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