resume-Algo Resume Details

Credit Risk Management Specialist with significant experience in internal credit rating systems, predictive credit risk and portfolio models.  Developed and implemented risk management procedures at major baks and coporations.  Extensive understanding of credit risk mitigation techniques.

George T. Ragno
2625 Sky Top Drive
Scotch Plains, New Jersey 07076

(908) 233-3907 (Home)
(908) 868-6270 (Cell)
ragnog@comcast.net


SUMMARY OF QUALIFICATIONS

 Credit Portfolio Management and Risk Management Specialist with significant experience in internal credit rating systems, predictive credit risk, and portfolio models.  Develop and implement risk management processes at major corporate and banking institutions. Advise senior management in both corporate and banking sectors on the development and implementation of risk management processes to meet Sarbanes-Oxley and Basel II guidelines.  Extensive understanding of the integration among macro economic, industry analysis, and credit risk techniques to minimize portfolio risk.  Managed budgets for credit risk, economic, and industry risk models.


PROFESSIONAL EXPERIENCE


Fitch/Algorithmics
Capital Solutions Division
Basel II Implementation Analyst				                                      			September 2006-Present

Analyzed implementation of Basel II guidelines for domestic and European banks.  Analysis is based on proprietary survey results and interviews.  Assessed the use of probability of default models and the structure of internal rating systems.  Model analysis included an examination of the use of probability of default (PD), loss given default (LGD) and exposure at default (EAD) measurements.  Reviewed the use of expert-judgment models and the rating methodologies for Portfolios of Low Default. Examined internal data structures and integrity issues.  Assessed the use of Economic Capital models for measuring credit risk.  Provided senior management with relative assessment of banks ability to implement Pillar 3 guidelines. Advising senior management for the preparation of “White Paper” on implementation of Basel II guidelines.  

AT&T 
Finance Division
Manager, Credit Risk and Customer Metrics, Business/Finance  Division				Sept. 2003-Sept. 2005   

Replaced major consulting firm as an independent, full-time consultant retained to develop and implement credit risk management process that would fulfill Sarbanes-Oxley guidelines.  Responsible for assessing and improving existing credit models and credit policy for $5 billion trade portfolio.  Developed risk-reporting process for Comptroller and Credit Divisions.

•	Assessed existing credit models and policy.  Recommended use of Probability of Default (PD) models.
•	Received budget approval for the purchase of KMV PD model.  Implemented PD model as part of existing credit model and credit policy.
•	 Advised senior management of Credit Division on the development and structure of small business credit model by external credit risk modeling organization.
•	 Advised major credit risk modeling organization on application of existing Probability of Default (PD-Basel II) model to Sarbanes-Oxley guidelines.
•	Developed portfolio analytics including the establishment of an “early warning” alert system.  Identified, analyzed and briefed senior management on credit issues that would impact portfolio.  Recommended appropriate portfolio adjustments based on analysis.
•	Instituted review of credit exposures by industry segment including the relative credit risk scoring of industry segments.
•	Represented Comptrollers Division on User Acceptance Testing (UAT) Committee for externally built credit model.
•	Coordinated data integration efforts of Credit and Comptroller’s Divisions, internal data warehouse, and external data and credit scoring vendors. 
•	Identified significant data quality issues and initiated resolution with internal data warehouse and external data vendors.  Resulted in savings of several million dollars.
•	Managed project and two external consultants in order to develop initial risk management reporting for Comptroller’s Division.




GEORGE T. RAGNO											PAGE 2


RAM Financial & Economic Analysis
Principal									                             2002-Sept. 2003

Developed analytic framework emphasizing integration of financial, economic, and academic resources.   Provided financial institution client with credit risk project analysis.  

Fleet/Summit Bank, Princeton, New Jersey			             		 		1998-Sept. 2001
Vice President and Manager, Portfolio Management and Credit Research			                      	        		 

Introduced and implemented the use of economic models, stress testing, and risk management tools to provide Senior Management with the ability to better assess credit risk.  Provided recommendations on portfolio concentrations and asset quality issues.  Established and responsible for relationship with external econometric firm to expand Bank’s Industry and Regional analytic capabilities.											
•	Responsible for the review of risk models and the development and maintenance of Bank’s external relationships with economic, rating agency, and credit policy/risk management research organizations.  Integrated this research into surveillance process for commercial loan portfolio.
•	Developed and implemented relative risk ratings and benchmarking of industry segments utilizing KMV Model as part of ongoing portfolio review process.  Ratings used to identify deteriorating industry segments.
•	Calibrated internal borrower grades to KMV Expected Default Frequencies (EDF).  
•	Initiated the development of a Credit Portfolio Monitoring System used by the Credit Policy Committee to establish target markets and exit strategies for particular industry segments.
•	Analyzed and reported on aggregate KMV and corporate default trends as part of credit cycle analysis.
•	Provided Economic Commentary and recommend “economic” adjustment for quarterly Allowance for Loan Loss Report.
•	Provided Board of Directors with quarterly economic and asset quality assessment of industry concentrations and Highly Leveraged Portfolio (HLTs).
•	Prepared monthly commentary on asset quality and managed the production of the monthly Asset Quality Review for Board of Directors. 
•	Developed and implemented Bank-wide system of industry groupings, based upon Standard Industrial Classification Codes (SICs), to monitor industry concentrations and manage industry exposure.

AIC Conferences, New York, New York						      	                1997-1998
Health Care Economist/Consultant

Identified and researched significant health care issues for the development of national health care conferences.

					      		             
A.M. Best Company, Oldwick, New Jersey						                        1995
Assistant Vice President, Managed Care Group, Life/Health Division

Directed the development of managed care financial rating group.  


Chase Manhattan Bank, New York, New York						  	 1987-1994	
Vice President & Health Care Industry Analyst, Risk Management/Industry Specialist Group		          

Reported to Senior Credit Risk Management Committee and Board of Directors.  Developed “target markets,” recommending and implementing “exit” strategies for commercial loan portfolio where appropriate. Established and maintained regular working relationships with senior health economists in Washington, external consultants and economic and financial database vendors for management of $3.6 billion health care portfolio. Briefed Vice Chairman and other members of Senior Management on government and regulatory issues impacting industry and individual company risk profiles. Developed, recommended, and implemented all health care industry guidelines for pharmaceuticals and health services.  Analyzed therapeutic category competition, generic penetration,
R & D pipelines, and pricing practices for existing and prospective pharmaceutical clients.  Approved all generic drug transactions and reviewed all health care transactions over $50 million.





GEORGE T. RAGNO											PAGE 3



Manufacturers Hanover Trust Co., New York, New York				                            1980-1987         
Associate Economist, Office of the Chief Economist						        	        

Responsible for all aspects of economic research, acting as Department’s primary liaison with government economists and policy makers.  Forecasted relative industry segment performance as part of Credit Policy Committee’s portfolio analysis.  Forecasts and written analysis were presented to Credit Policy Committee.  Forecasted weekly money supply, economic indicators, and U.S. Treasury borrowings for presentation to Foreign Exchange and Money Market traders.  Managed staff of six research assistants. Directed and coordinated workflow between Department economists and requests from business units for U.S. macro, regional, international, and industry data for specific transactions.




EDUCATION

M.A., New York University	                     	                    	                          	   	       New York, NY
Graduate School of Economics

Manufacturers Hanover Trust/Chase Manhattan 		  		    	                     New York, NY
Credit Training Program

B.A., Gettysburg College							      	       Gettysburg, PA
Economics and Political Science
Pi Lambda Sigma (Honorary Economic and Political Science Fraternity)
				


EXTERNAL RESEARCH AND DATABASES



Econometric/Risk Management Organizations

•	Moody’s/KMV (previously KMV) 
•	S&P Risk Solutions
•	Fair Isaac
•	Economy.com (formerly Regional Financial Associates)

External Research Organizations

•	Board of Governors of the Federal Reserve System
•	Federal Reserve Bank of New York
--Department of Bank Supervision 
--Department of Economic Research
•	Bureau of Labor Statistics
•	Census Department
•	Bureau of Economic Analysis (BEA)
•	Bank for International Settlements (BIS)
•	Economic Classification Policy Committee for NAICS
•	M.I.T. Industry Liaison Program

Professional Associations

•	Global Association of Risk Managers (GARP)
•	Professional Risk Managers International Association (PRIMIA)
•	Economist Intelligence Unit (EIU)-Risk Management Advisory Panel
•	Risk Management Association (RMA)
•	National Association of Business Economists (NABE)