Tetrick_Resume_06_2015
- 1. RYAN TETRICK 1609 N. LEAVITT #3, CHICAGO, IL 60647 847.417.9119 RYANTETRICK@GMAIL.COM PROFILE Proven leader and strategist with a 10-year record of translating complexity into order, action, and results. Recent experience developing global financial crisis management plans as part of the worldwide effort to end too big to fail and engaging officials at the highest levels of government and industry to resolve complex regulatory issues. Uncommonly diverse set of strengths including relationship building, project management, public speaking, quantitative analytics, and professional writing. EXPERIENCE FEDERAL DEPOSIT INSURANCE CORPORATION (FDIC) Office of Complex Financial Institutions (OCFI), Washington, DC Associate Director, Resolution Planning March 2015 Present Direct a team of 40 specialists and managers with extensive financial services expertise in conducting resolution planning under Title I and Title II of the Dodd Frank Act (DFA) for 20 global systemically important financial intuitions (G-SIFIs), up to and exceeding to $2 trillion in assets each. Lead projects, tabletops, and dialog with foreign regulatory authorities, resulting in joint resolution strategies, cross- border coordination arrangements, and shared policy commitments. Collaborate with the G20s Financial Stability Board (FSB) on firm-specific Crisis Management Groups and industry-wide workstreams on total loss absorbing capacity and financial market infrastructures, among others. Design the FDICs conceptual framework for assessing credibility of firm-developed living wills required by Title I of the DFA, leading to recommendations to the FDIC Board of Directors and written and verbal guidance to C- suite financial industry executives. Evaluate and contribute to policy initiatives that are reshaping the financial system, including proposals for capital and debt requirements, revisions to standard derivative contract provisions (ISDA protocols), and changes to the structure and operations of G-SIFIs in order to enhance resolvability and create a more resilient financial sector. Lead workshops and speak to audiences of 200+ private and public sector stakeholders on resolution planning. Chief, Resolution Strategy and Implementation July 2013 March 2015 Mobilized FDIC personnel and coordinated with domestic and foreign authorities in emergency planning for G- SIFIs in danger of failing. Advised Chairman Gruenberg on innovative strategies to address evolving scenarios. Launched a multi-year initiative to build the full range of operational processes needed to resolve a G-SIFI under Title II of the DFA, including corporate governance, funding, communications, and restructuring. Led an international team in designing and organizing a principal-level war game considering the failure of US and UK G-SIFIs, participants included Jacob Lew, Janet Yellen, Mark Carney, and George Osborne.1 Selected by FSB to serve as a subject matter expert on crisis management in a peer review of the financial sector of the Netherlands; interviewed Dutch officials and academics, contributed to published report.2 Spoke on resolution planning and fielded questions from Financial Stability Oversight Council non-bank G-SIFI designation committees for insurance companies and asset managers. Organized outreach to rating agencies, resulting in Moodys determination that US government support for failing G-SIFIs should no longer be presumed and removal of ratings uplift for 8 US G-SIFIs.3 1 Wall Street Journal article on the event: http://online.wsj.com/articles/u-s-british-regulators-test-readiness-for-big-bank-failure-1412978403 2 FSB peer review of the Netherlands: http://www.financialstabilityboard.org/2014/11/peer-review-of-the-netherlands/ 3 Moodys rating action: https://www.moodys.com/research/Moodys-concludes-review-of-eight-large-US-banks--PR_286790
- 2. Tetrick 2 Sr. Resolution Strategy and Implementation Specialist April 2011 July 2013 Won Chairmans Excellence Award for financial, legal, and strategic analysis leading to the creation of the FDICs single point of entry strategy for resolving G-SIFIs. Per the official justification for the award: In the event it is necessary to resolve a G-SIFI, thestrategy will serve as a guideline to be followed by the world which will maintain orderly resolution and economic stability. Their work has been historic, significant, and important the road map others will follow for years to come. Led an interagency team in developing the content for a principal-level simulation of a G-SIFI failure, participants were the heads of all major US financial authorities including Timothy Geithner, Ben Bernanke, and Mary Schapiro. Office of Complex Financial Institutions, Detailee April 2011 December 2011 Won Mission Achievement Award for establishing the newly created OCFI and conducting the FDICs foundational strategic analysis on G-SIFI resolutions, evaluating alternatives encompassing restructuring, mergers and acquisitions, DFA Title II and FDI Act receiverships, bankruptcy, and foreign insolvency regimes. Designed and maintained financial models used to project creditor losses and public (US Treasury) liquidity needs across a range of hypothetical failure scenarios for given G-SIFIs. Division of Resolutions and Receiverships, Schaumburg, IL Resolutions & Receiverships Specialist June 2010 April 2011 Developed strategic resolution plans for failed banks ranging from $10 million to $2 billion in assets; participated in bank closings. Received performance award for displaying exceptional leadership skills. SMITH ROTHCHILD FINANCIAL COMPANY, CHICAGO, IL Director, Business Operations May 2005 November 2009 Crafted the corporate mission statement, core values, long-term goals, key performance indicators, and strategic initiatives as part of the senior management team. Acted as the primary strategic advisor to the CEO and COO. Managed investor relations, human resources, information technology, corporate legal issues, and customer service and loan servicing departments as revenue grew over 200% and staff increased from 15 to 38, and through the subsequent closure of the company. Evaluated and authorized construction escrow draws for over 1,200 residential construction loans, served as portfolio analyst for $60 million construction loan portfolio. Identified and directed numerous short- to medium-term objectives and seamlessly integrated process improvements into existing operations. Accomplishments include: Revised underwriting guidelines Designed REO property management processes Overhauled HR policy; wrote employee manual Coordinated and conducted multiple substantial layoffs; designed staff reorganizations Devised and implemented employee bonus and compensation schemes Developed companywide orientation and training programs Launched intranet, electronic document management system, and online payment system Negotiated office lease agreements and managed office space expansions Codified companywide policies and procedures EDUCATION Bachelor of Arts in Economics, Northwestern University, Evanston, IL, 2004. Study Abroad in Economics and Philosophy, University College London, England, 2003. Languages: English, conversational Spanish.