Vice President Real Estate
Resume:
David S. Wei
P.O. Box **
South Pasadena, CA ****1
******@*****.***
SUMMARY OF QUALIFICATIONS
Business professional with a strong background in Accounting, Finance, Technology and Risk Management. Possess effective interpersonal and corporate communication skills. Self-motivated individual with the “can do” attitude.
PROFESSIONAL EXPERIENCE AND ACCOMPLISHMENTS
CITIGROUP, INC. Los Angeles, California
Senior Vice President, Senior Risk Policy Officer 2021 to Present
• Provide Independent Risk Global Secured product oversight for Residential Real Estate (RRE) portfolios. Credit Risk Oversight of the North America CitiMortgage portfolios to drive asset growth initiatives and focused on governance, controls, policies, risk appetite, capital return framework and portfolio monitoring.
• Participate in portfolio monitoring/management activities to identify emerging trends, perform review and analysis of Portfolio Risk Appetite Framework, portfolio categorization, and other Consumer related approvals. Support integration activities including policy development and implementation of identified portfolio oversight enhancements. Lead mortgage policy development.
• Closely work with a broad set of stakeholders across first and second line risk, in addition to finance and operations teams, across all regions, ensuring adherence to Citi’s Risk Governance Framework and the Global Consumer Credit Policies. Perform risk analysis including: geographic, credit risk concentrations, monitoring of portfolio performance against risk appetite guardrails & analysis and assessment of risks of the CitiMortgage portfolio including quarterly balanced scorecards, quality control framework, risk appetite and benchmark annual renewal, Senior Loan Officer Survey (SLOOS), collateral management scorecards, portfolio quality reports, concentration reports.
• Preparation of materials for various senior risk committees and regulator meetings and participate in review forums such as Portfolio Quality Review and Residential Real Estate roundtable. When required, utilize data mining tools (such as SAS, Excel) to drive answers to analytic challenges and information for management decision.
• Participate in a lead role for mortgage policy target-state initiatives, driving mortgage policy changes, socialization and approval and participate in Risk Transformation projects. Critically drive timely preparation of the annual FDICIA Global Real Estate limit review and approval process and support Internal Audits through preparation of deliverables, inquiries and managing issue discussions and remediation.
CITY NATIONAL BANK (a subsidiary of ROYAL BANK OF CANADA) Los Angeles, California
Vice President, CCAR Program Manager 2018 to 2021
• Participates in the CCAR/DFAST Program through providing subject matter expertise and leadership through collaboration with the CCAR/DFAST Reporting team, 2nd Line Partners, and Line of Business Partners.
• Responsible for the Quality Assurance and Attestation for the FR Y-14 M (schedules A, B, C) and FR Y-14Q submissions (schedules A7, H1, H2). Supports various stakeholders to identify and document key regulatory reporting processes, risks and controls. Oversees a portfolio of projects to deliver a program control framework as part of wider regulatory reform.
• Represents the business needs while interfacing with Technology for all major initiatives working collaboratively on scope and plan definition. Represents the business needs while interfacing with other 2nd line functions and Line of Business Partners. Develops and manage relationships with program sponsors and partners across business lines and geographic regions. Creates metrics to track ongoing regulatory initiatives across LOBs; drafts communication plan, publishes scorecard and escalates risk mitigation items to senior management.
• Participate with CCAR PMO Team and other partners in potential impact of Corporate and Financial reports which may include the FFIEC Call Reports (031, 041, 051), FR Y-9C, SOX 404 Compliance, and FDICIA regulations.
• Participate with stakeholders for documentation in implementing key risk-related functions across the Lines of Business (LOBs) to meet regulatory and risk requirements, and to participate in the build-out of the First Line of Defense (1st LOD).
CITIGROUP, INC. Los Angeles, California
Vice President, Project Manager 2014 to 2018
• As part of the Citi Operations Wind-Down Program, assumed roles and responsibilities within Citi’s MCA Risk Management Program, Global Data Museum Program, IT BSRM, Vendor Management, CoB / Disaster Recovery Program, Incident Management, Change Management, Records Management, CCAR Program, Financial Operations, etc.
• Resolved issues with various Regulatory Agencies (OCC, FRB, FDIC, CDBO, DOJ) for the IT MOU, BSA/AML and Federal Consent Order Remediation.
• Produced risk management reports while monitoring Central Operations' risk profile. Collaborate with unit Operations Managers to identify, design, document and implement appropriate controls and process maps, as required. Managed the testing of controls under RCSA and other risk assessment programs (CCAR, FDICIA, DFAST, COBIT, GRC, PMBOK, etc.), including tracking and resolution of any gaps identified.
• Perform quantitative and qualitative analysis to support the prioritization of risk mitigation projects, measure progress of technology risk reduction initiatives, and identify areas with high residual risk.
• Responsible for the Quality Assurance and Attestation for the CCAR Credit project plan for the FR Y-14M (schedules A, B C) and FR Y-14Q submissions (schedules A7, H1, H2). Managed the internal control oversight of Corporate and Financial reports including the FFIEC Call Reports (031, 041, 051), SOX 404, BSA/AML and FDICIA regulations.
• Implement and maintains an operational risk management program by identifying key risk indicators (KRI & KRCI), scenario analysis and corrective action plans with risk remediation activities. Monitor vendor risk indicators including risks and incidents for escalation to management Second Line Risk Management team.
• Executing against delivery commitment related to work streams and directives (Governance and Oversight, Risk Assessment, Customer Due Diligence / Know Your Customer, Customer Risk Scoring, Independent Testing, Consent Order Remediation, Quality Assurance Framework, Issues being addressed by Management, Manager’s Control Assessment).
• Execute and manage KYC quality control processes; liaise with Business QA teams, Compliance Testing, Internal Audit; report findings and recommendations to various management forums (IT Steering Committee, Operating Committee, etc.).
• Design and develop method and process for assessing quality of applied standards, risk model, and control events including key control points between system and processes.
BANK OF AMERICA, N.A. (formerly COUNTRYWIDE BANK, FSB) Thousand Oaks, California VP / AVP, Manager / Credit Review Officer/Consultant 2005 to 2014
• Perform the Credit Review function through the monitoring and assessment of the Credit Management Process and
Portfolio Quality. Evaluate strategic plans, profitability analysis and financial reporting information.
• Mortgage loan accounting, Accounting for FDIC loss share arrangements, Reverse Mortgage accounting, Treasury Accounting (mortgage backed securities, derivatives, Foreign Exchange).
• Develop monitoring plans and monitors the credit portfolios through the use of various tools, routine examinations and
on-going evaluation. Create technical models utilizing information from In$ight, Turquoise, Diamond and other internal
and external financial databases.
• Additionally, gives and receives mentoring, coaching, and guidance as necessary; presents findings with appropriate
associates in Credit Review, the business unit, and Credit Policy; maintains awareness of current economic and business
trends; and assesses the impact of economic trends on credit portfolios.
• Responsible for preparing and coordinating monthly financial reports related to mortgage loans, interest income
on mortgage loans and their yields. Financial reports may be for internal management, to meet corporate requirements,
regulatory requirements or for external reporting. Financial reports include Call Reports, SEC Reporting and the TFR.
• Compliance review with the requirements of the Sarbanes-Oxley (SOX) Act.
• Review FAS 91 deferred fee amortization each month and perform certain analysis to ensure accurate reporting.
TOYOTA MOTOR SALES U.S.A., INC. Torrance, California
Finance Manager 2003 to 2005
• Responsible for financial reporting, financial planning and analysis and cash management for IS financial management.
• Provided budgeting and forecasting, internal audit, risk management/assessment, and variance analysis (ROI & NPV).
• Preparation of monthly, quarterly and annual management reports for the IT Executive Committee.
• Interface with cross-departmental personnel to specify required detail information, the time frame for meeting various
deliverables, responsibility for each deliverable and the form in which information is to be communicated to finance.
• Develop departmental templates with analytical models. Review departmental budgets to ensure accuracy and
reasonableness, proper level of detail, and conformity with senior management general guidelines.
• Secondary responsibilities include account reconciliation, schedule preparation, review GL entries and account analysis.
• Draft and review departmental policies and procedures.
• Proficient in MS Office, Mineshare, Peoplesoft Reporting, Nvision Reporter, Business Objects and Hyperion Essbase.
KPMG CONSULTING, INC. AND KPMG LLP Los Angeles, California
Senior Consultant / Financial Analyst – International Operations 1999 to 2003
• Worked with the clients related to KPMG and KCI on various outsourced projects.
• Provided analysis for business process improvement/reengineering with the use of activity-based costing in banking.
• Provided budgeting and forecasting, internal audit, risk management/assessment, and variance analysis (ROI & NPV).
• Responsible for the preparation of the company's cash flow statements, assisting in the preparation of
accounting, financial and operating schedules for foreign subsidiaries including the financial audit of the
Foreign subsidiaries' books and records.
• Provide consulting services with the knowledge of cost accounting/analysis theory and practice, flowcharting techniques
and work measurement methodologies.
• Financial liaison for the management committee and involved in cash management, financial reporting, financial
planning and analysis for the international operations of Europe, Asia Pacific, Latin America and Canada.
• Provide Risk Management Services utilizing KPMG’s Business Measurement Process (BMP), Internal Control
Reporting, FASB, and GAAP compliance in order to provide attestation and assurance.
• Consulted with internal control reporting, flowcharting techniques and work measurement methologies.
• Involved in the Treasury Risk Management, Regulatory Compliance and SEC Reporting (10K, 10Q, 8K).
• Provided budgeting and forecasting, internal audit, risk management/assessment, and variance analysis (ROI & NPV).
• Interacted with clients from various industries such as Financial Services, Technology, Consumer Products
and Manufacturing.
• Involved with various Federal, State and Local Tax Practices with tax workpaper preparation and various tax returns.
• Tax software used were: GoSystem Windows & GoRS, ProSystem, Lacerte, Orrtax, ProSeries & BNA.
• Proficient in MS Office, Mineshare, Peoplesoft Reporting, Nvision Reporter, Business Objects and Hyperion Essbase.
CITIGROUP, INC. Los Angeles, California
Senior Staff Accountant 1995 to 1999
• In accordance to GAAP, prepare financial statements with the FRB (2644, 2900-2950), and SEC (10Q, 10Q, 8K).
• Maintain, review, and analyze all accounting materials on trades/settlements, cash transfers, and financial instruments
such as futures, options, swaps, mortgaged-backed and fixed income securities.
• Analyzed the foreign exchange market in order to prepare investment and loan portfolio reports.
• Responsible for the preparation of the company's cash flow statements, assisting in the preparation of
accounting, financial and operating schedules for foreign subsidiaries including the financial audit of the
foreign subsidiaries' books and records.
• Preparation of monthly, quarterly and annual schedules used in the closing, reporting and audit processes,
analysis and documentation of the accounting and reporting treatment of selected company transactions
variance analysis, account reconciliations, journal entries, and general financial reporting duties.
• Act as management’s day-to-day representative with the “Big 5” auditors, rating agencies, and investment banks.
EXTRACURRICULAR ACTIVITIES:
CHINESE AMERICAN SERVICE ALLIANCE (CASA) Los Angeles, California
Vice President, External Affairs 2005 to Present
• Responsible for fundraising and charity events that service the Chinese American community.
DURING EDUCATION:
INTERNAL REVENUE SERVICE Santa Barbara, California
Volunteer Income Tax Assistant 1993 to 1995
• Specialized in the 1040, 1040A, 1040EZ and 1040NR Income Tax Return Forms.
EDUCATION: UNIVERSITY OF CALIFORNIA Santa Barbara, CA
B.A., Business Economics with an emphasis in Accounting. 1995
STANFORD UNIVERSITY Palo Alto, CA
Stanford Certified Project Manager 2017
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