Front Office Product Manager

DANISE M. LONGWORTH

** ********** **** 516-***-**** Cell

Rockville Center, N.Y. 11570 516-***-**** Home

Senior Credit Markets Professional

25+ years of financial markets and banking experience in trading, structuring, and risk oversight of leveraged finance, structured credit and other credit related products

Expertise

Market Risk Structured Credit & CDOs Leveraged Finance

Distressed Credit & Work-out Capital Markets Investor Development

JPMorgan Chase, New York, N.Y. 1996-present

Managing Director, Head of Market Risk for NA & Emerging Markets Credit Trading 2011 to present

Oversee global market risk management for Investment Banking credit trading desks covering loans, corporate bonds, CDS, distressed assets, CLOs, warehouses, private credit and leveraged loan financing.

Manage a global team that establishes and monitors trading limits, risk metrics and all other Market Risk control framework matters including regulatory requirements, VAR, Stress/CCAR.

Provide analysis to desk heads to identify risk concerns and develop hedging strategies.

Responsible for risk oversight of a material loan financing platform which provides financing to top tier asset managers with private credit and middle market underlying collateral. Established risk oversight framework implemented to ensure portfolio views as well as single name metrics.

Coordinate with Credit Risk and Country Risk for joint approvals on complex financing trades.

Market Risk Lead for Diversity, Equity & Inclusion Sponsorship and Mentorship work stream.

Senior Audit Manager, Global Emerging Markets & Global Special Situations Group- 2010 to 2011

Project managed global teams as audit lead for exams across various trading desks assessing front office, middle office, finance, compliance and risk controls. Identified numerous audit issues requiring remediation.

Provided forensic audit work for several internal investigations and fraud in coordination with Legal.

Executive Director, Global Structured Credit 2001 to 2009

Achieved increasingly more senior roles within this front office Investment Banking business that structured, marketed and traded complex credit derivatives, financings or CLOs to investors.

As Product Manager, prospected and educated new institutional investors for cash and synthetic structured credit products road showing with many top tier CLO managers. Resolved over 1,000 complex client inquiries pertaining to mark-to-market valuations, complex CDO structures or documentation issues.

Lead investor development program and education teach-ins to broaden the investor base to include banks, insurance companies, hedge funds, high net worth clients, family offices, and private equity sponsors.

Developed investor conferences including over 2000 direct one-on-one meetings between issuers and investors that lead to billions in CLO orders.

Vice President, Head of Loan Trading 1996 to 2001

Supervised all operations of top tier par/near par bank debt trading desk and increased annual trading volumes and profitability by 300%.

Responsible for risk managing the trading book as well as market making and hedging strategies.

Risk managed positions for the Loan Syndicate desk and balance sheet reduction trades for Credit Portfolio.

Lead desk efforts to educate new types of investors to enhance the liquidity of the asset class that resulted in several block cash and derivative transactions with third party clients.

Bank of Montreal, New York, N.Y. 1992-1996

Director, Head of Loan Trading & Work-out Manager

Established and risk managed one of the market’s first par loan trading desks including overseeing all necessary internal approvals and infrastructure requirements.

Head Trader for market making and trade execution for Credit Portfolio and Workout units.

Supervised preparation of internal trading credit analysis to review credit risk and market technicals.

Prospected and maintained institutional investor relationships for the distribution of leveraged loans.

Workout specialist responsible for account management and structuring workout strategies for credits in various stages of distress or bankruptcy to maximize recovery.

Lead negotiations with distressed borrowers and other creditors. Bank group lead for all aspects of the work-out and ultimate sale of 1585 Broadway to Morgan Stanley.

Chemical Bank (currently J.P.Morgan Chase), New York, N.Y. 1989-1992

Associate, Chemical Realty Group

Real estate work out officer with credit authority for retail, industrial, hotel and office property clients.

Structured, marketed, priced and documented lending transactions. Prepared formal bank credit analysis to assess credit risk, borrower financial condition, cash flow analysis and property valuations.

Completed formal Corporate Finance credit training program and a rotation in the Appraisal group.

Education

New York University

Bachelor of Arts-Economics Major, English Minor, History Minor G.P.A 3.9

Summa Cum Laude, Phi Beta Kappa, N.Y.U. Presidential Scholarship

New York University Leonard N. Stern School of Business

Master of Business Administration-Finance G.P.A 3.6

Magna Cum Laude, Stern School Scholarship, State Farm Companies Foundation Exceptional Student Fellowship

Chair of the Loan Syndications & Trading Association Board of Directors : 1998 & 1999

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