Veronica D. Aycock
Chief Risk Officer, Commercial banking
Pittsburgh, PA · (412) 555 0129 · name@example.com · linkedin.com/in/veronicadaycock
Key Qualifications
EXPERIENCE
Twenty three years in banking with seven years as a risk executive
INDUSTRIES
Commercial banking, consumer lending, wealth and trust services
SPECIALTIES
Enterprise risk management, credit concentration, risk appetite, regulatory relations
SYSTEMS
Archer, Moody's Analytics credit tools, SAS, Tableau
CREDENTIALS
Financial Risk Manager and Certified Regulatory Compliance Manager
TEAM
Forty two staff across credit review, operational risk, compliance and model risk
EDUCATION
Master of business administration in finance, Carnegie Mellon University
Results at a Glance
340%
Capital to percent
23
Models used
96 days
By rebuilding
Executive Summary
Chief risk officer for a bank holding company with 14 billion dollars in assets, accountable to the board risk committee for credit, operational, compliance and liquidity risk. Twenty three years in banking, seven in the chief risk seat. Rebuilt the risk appetite statement and the key risk indicator set now used to steer quarterly board discussion.
Signature Achievements
- Rewrote the risk appetite statement into eleven measurable limits, each with an owner and a board reported tolerance.
- Reduced commercial real estate concentration from 340 percent of capital to 268 percent over seven quarters without losing a core relationship.
- Closed all fourteen matters requiring attention from the last supervisory cycle with no repeat finding.
- Built the key risk indicator dashboard that cut the board risk committee package from 180 pages to 46.
- Held operational losses under 9 basis points of revenue for four consecutive years through a period of branch consolidation.
- Stood up the model risk function and completed validation of all 23 models used in credit and pricing decisions.
- Cut the time to onboard a critical vendor from 96 days to 41 by rebuilding the third party risk process.
Professional Experience
Chief Risk Officer
Allegheny Summit Financial Corporation, Pittsburgh, PA 2019 to present
Executive owner of the second line of defense for a bank holding company with 14 billion dollars in assets and 3,100 employees.
- Reports to the board risk committee each quarter and to the chief executive officer weekly.
- Owns the enterprise risk management framework, the risk appetite statement and the limit structure behind it.
- Directs credit review, operational risk, compliance, model risk and third party risk.
- Chairs the management risk committee that clears new products and material changes.
- Leads the response to examinations under the heightened standards of the Office of the Comptroller of the Currency.
- Presents the annual stress testing results and capital implications to the board.
Chief Credit Officer
Monongahela Trust Bancorp, Wheeling, WV 2014 to 2019
Owned credit policy, underwriting standards and loan review for a 4 billion dollar commercial bank.
- Approved credit above the regional lending limits and chaired the loan committee.
- Rebuilt the risk rating scale and recalibrated it against loss history.
- Managed the workout portfolio through a downturn in energy services lending.
- Set the concentration limits by industry, geography and borrower relationship.
Director of Credit Risk
Laurel Highlands Commercial Bank, Greensburg, PA 2008 to 2014
Led portfolio analysis and loan review for a commercial bank with 1.6 billion dollars in loans.
- Built the quarterly portfolio review presented to the board credit committee.
- Supervised a loan review team of six covering annual reviews of the largest exposures.
- Developed the allowance methodology documentation used through two examinations.
Commercial Lender
Three Rivers Business Bank, Pittsburgh, PA 2003 to 2008
Relationship manager for middle market manufacturers and distributors.
- Underwrote and managed a portfolio of 60 million dollars in commercial credit.
- Structured working capital and equipment facilities for closely held businesses.
- Served on the loan committee as a presenting officer.
Licensure and Certification
Financial Risk Manager, Global Association of Risk Professionals, 2012
Certified Regulatory Compliance Manager, American Bankers Association, 2016
Member, Risk Management Association
Education
Master of business administration in finance, Carnegie Mellon University, 2007
Bachelor of science in economics, University of Pittsburgh, 2003
Core Skills
Enterprise risk management · Risk appetite design · Credit concentration management · Board risk committee reporting · Regulatory relations · Model risk governance · Stress testing · Third party risk · Operational loss management · Executive leadership · Credit policy · Risk culture