Stephen R.

Moldow
79 Old Fourth Dr * Oak Ridge, NJ 07438
551-486-2293 * sm10088f0@westpost.net * www.linkedin.com/in/smoldow
CREDIT RISK MANAGEMENT PROFESSIONAL
Adaptable to many roles essentially functioning as an in-house credit risk consu
ltant. I am a multi-talented and experienced, trusted and results oriented busin
ess professional with a unique combination of skills and knowledge rooted in ris
k management. Exposure and competency to various risk, technology and operationa
l disciplines, including credit and behavior scoring, model validation, credit u
nderwriting, business process reengineering and improvement and project manageme
nt. Proven track record of success in diverse business units and positions from
turning around and streamlining credit underwriting operations establishing impr
oved controls and making best use of technology. A strategic and tactical think
er, mentors and motivates others; can apply my skills and experience in a wide r
ange of business issues working across functional lines. Flexibility, adaptabili
ty, continuous learning, working independently, cooperatively & collaboratively
under pressure in a fast paced environment are the ingredients for my success.
CORE COMPETENCIES AND SPECIALTIES
Commercial Credit Risk Cycle Management * Project Management * Business Analysis
* Data analysis & Decision Support Management Presentations * Credit and Behavi
or Scoring Models, Business Rules and Expert Systems * Model validation Business
Process Improvement * Database Design, Advanced Analytics and Reporting * Vendo
r Relationship Management * Hands on, Working Supervisor * Employee Development
* Account management * Audit and Risk Due Diligence Teams Proficient in Microsof
t Office, OLAP and SPSS Statistical Software
PROFESSIONAL EXPERIENCE
SAPIENCE CONSULTING L.L.C. - Emerson, NJ * 4/09 - Present
Managing member. Consulting services focused on assisting small businesses with
business plans, budgets, web site and ebay stores fronts. (Formerly known as E
merson Web Builders)
CITIGROUP, New York, NY * 1980 - 2009
Global provider of financial services and products to consumers, small business
and corporate customers.
Vice President-Senior Risk Analyst Commercial Risk Group, Long Island City, NY (
10/06 - 3/09)
Senior risk & decision support analyst supporting North American Risk Head and S
pecial Assets Group (SAG). Conducted research, analysis and made recommendations
for portfolio loss mitigation. Prepared regular & time-sensitive ad-hoc deliver
ables to senior managers and regulators closely working with business and credit
heads. Managed the classified account database, supported SAG head in monthly l
oss forecast meetings and prepared the loss forecast. Subject matter expert in d
eveloping and writing business requirements for credit reporting cube and Basel
II database. Ensure proper mapping of data from multiple databases into new Base
l II database, monitor data integrity and accurate calculation of risk weighted
assets, identify and remediate defects, produce management reports highlighting
trends, deficiencies and strategy going forward. Estimate the impact of exceptio
ns on risk weighted assets, determine the impact of collateral, risk ratings and
other drivers for Basel's RWA calculation. Document user requirements.
Specific Achievements:
* Created credit risk indicator reporting database with MS Access and Excel data
 gathering templates and automated reporting which improved report accuracy and
timeliness, preparation time reduced to 1 day from 5.
* Created classified account reporting database to replace a manual process of d
ata gathering and report preparation by streamlining and automating the producti
on of monthly classified account reports and the overall loss forecast.
* Laid the ground work for significant change in the analytics group by introduc
ing cube databases, model validation techniques to the risk rating process, comb
ining disparate data sources to create new & meaningful insight into portfolio d
ynamics. This increased productivity of the group without adding additional head
count.
* Implemented SPSS statistical software and trained staff, thus avoiding costly
outsourced training.
* Met strict deadlines to complete mapping, testing, debugging and merging of mu
ltiple databases into a new Basel II reporting database. Quickly identified and
corrected problems to prevent project from falling behind.
Vice President-Strategic Planning & Analytics CitiCapital-Healthcare & Energy, M
t. Laurel, NJ * (5/04-9/06)
Trusted partner and confidant to the Business Manager, by providing decision sup
port with timely, high quality and accurate analysis and recommendations. Led pr
oject team to improve the small ticket loan operations process and implement new
scorecards. Used PDCA (plan-do-check-act), TQM and Six Sigma techniques to reen
gineer the process from prospect to booking. Functioned as business analyst and
subject matter expert. Led and presented the business case and action plan. Cond
ucted model validations and scenario analyses. Provided training and hands on su
pervision by underwriting deals. Developed portfolio scorecard cutoff strategies
and expected loss models using statistical scorecards and historical analysis t
o create distributions of time to default, recoveries, LGD, and EAD. Annually va
lidated and stress tested models and assumptions, revised expected loss as neces
sary.
Specific Achievements:
* Identified inefficiency and high cost of credit initiation, developed plan & o
btained approval to reengineer a small ticket underwriting process. Led process
reengineering effort and acted as a change agent, increased capacity 300% withou
t adding headcount, reduced defect rates to 1%, slashed initiation costs in half
and increased customer satisfaction.
* In house scoring expert that validated models, saving the company the cost to
outsource.
* Created score cutoff model strategy, increased approval rates from 70% to 85%,
reduced lifetime losses to 5% from 10%.
* Project manager for the Siebel sales force automation system which consolidate
d sales and marketing information.
* Created Business intelligence system from differing information sources. Desig
ned and implemented a customer relationship management system, a business dashbo
ard of key indicators and monthly Business Metrics package.
Vice President-Senior Portfolio Manager CitiCapital-Strategic Portfolio Manageme
nt, Mahwah, NJ * (5/01 - 4/04)
Monitored and assessed the quality of existing models for the US and Canadian le
asing operations, rebuilt and re-implemented when necessary. Communicated result
s, recommendations, model developments to senior management. Partnered with outs
ide consultants to build custom scorecards. Developed business rules and overrid
e policies. Performed business analysis and facilitated activities between techn
ical staff and end users. Performed scoring audits and loan review. Responsible
for auditing files for compliance with bank policies, procedures, and governmen
t regulations; determine the appropriateness of the risk rating and soundness of
the underwriting decision. Verifying the approval is valid, data is properly ca
ptured in loan systems and legal documents are complete. Assessing operational
and credit process risk and reporting results to management.
Specific Achievements:
* Conducted analysis to identify root causes of large portfolio losses and devis
ed risk mitigation plan to that ultimately reduced monthly credit losses from $1
0MM to under $2MM.
* Developed and implemented new custom scorecards in the US and customized gener
ic scorecards in Canada which increased the automatic decision rate from 35% to
80% and cut application processing time from 2 days to 2 hours.
* Created dynamic scorecard cutoff model which was adopted as the standard in th
e business unit and has a track record of proven results.
* Led project team to build a reporting scoring reporting system from an Oracle
database and Business Objects reporting system from multiple data sources. Previ
ously no such system existed.
* Created a stronger credit culture and credit officer acceptance to scoring mod
els. Trained users to be effective users of credit scoring techniques.
Vice President-Credit Scoring Manager CitiCapital-Decision Support - Harrison, N
Y * (1/95 - 4/01)
Leader of the decision support unit, ensured the proper development, implementat
ion, reporting and validation of all CitiCapital's scoring systems. Designed pro
cess flow, conducted annual audit of scoring process. Significant accomplishment
s include the creation of an expert system utilizing D&B's credit and financial
stress scores. Led various scoring projects often functioning in business analy
st role to define as-is, should be, cross function process mapping and related a
ctivities.
Assistant Vice President - Credit Scoring Assistant Manager Harrison NY (7/93 -
12/94)
Provide analytical, business intelligence and sales support to the healthcare ve
ndor finance business unit. Conducted data mining and competitive analysis to re
commend strategies to improve program utilization, performance and profitability
. Participated in sales calls as scoring expert. Project manager to implement F
AMAS financial statement analysis system.
Assistant Vice President - Harrison, NY (10/91 - 6/93) Sales and Marketing Sup
port Manager
Supported the sales force and management with prospect information, standard and
ad hoc reports and analysis, accompany sales persons on sales calls to educate
prospective clients about credit scoring, a crucial technical expertise since we
sell our process. Recommended business strategies improve performance to meet
targeted goals and returns. Created credit approval database. Workout specialis
t to remediate problem portfolios.
Additional Experience (Details on Request)
Assistant Vice President Credit Team Leader * Citicorp North America, Chicago, I
L * (5/90-9/91)
Credit Manager Program Origination * Citicorp North America, National Vendor Pro
grams, Rye, NY * (9/88-5/90)
Credit Manager * Citicorp Industrial Credit, Englewood Cliffs, NJ * (4/87-8/88)
Portfolio Manager-Remedial Management * Citicorp Industrial Credit, Englewood Cl
iffs, NJ * (3/84 - 3/87)
Collector/Operations Officer * Citicorp Industrial Credit, Englewood Cliffs. NJ
* (2/80 to 2/84)
EDUCATION
St. Thomas Aquinas College, Sparkill, NY, Bachelor of Science in Finance.
30 credits MBA Marketing.
COMPUTER SKILLS
Strong computer skills including relational database and data warehouse techniqu
es and applications. Proficient with Infolease, EssBase, ACAPS, MS Access, Exce
l, Word, PowerPoint, Visio, Project, SPSS, Business Objects and Cognos. Experien
ced in data mining, analysis, profiling, and validation. Knowledge of IT functi
ons. Quick learner of new software.
PROFESSIONAL CERTIFICATIONS, AFFILIATIONS & SPECIAL ASSIGNMENTS
* Presently enrolled in PMI Project Management Professional certification progra
m and will sit for PMP Certification exam
* Designated Credit Scoring Specialist: CitiCapital since 1996)
* Member of 12 CitiCapital due diligence business and portfolio acquisitions tea
ms as scoring specialist
* Citibank Audit & Risk Review Guest Auditor: 1997 Cash Management, FX and tran
saction processing, 1988 Healthcare)
* Equipment Leasing Association: member
* ELA Credit & Collections Conference 2000: Presenter Credit score modeling and
management
* Licensed United Stated Soccer Federation official (1992)
* Licensed NJSIAA Soccer Official (1994)
* Licensed Architectural Draftsman (1975)
INTERNATIONAL EXPERIENCE
Canada 2004: Project manager to develop and install customized generic scorecard
, data warehouse and reporting system. Managed the credit scoring process therea
fter.
Singapore, Malaysia and Indonesia 2007: as part of a weeklong job interview for
a senior management position in an Indian specialty credit risk outsourcing vent
ure, made presentations to international banks on best practices for credit scor
ing, decision modeling, scorecard development, control and management, reporting
systems, validation and maintenance.