Chad New

About Chad New

As the Senior Vice President of Investment Portfolio Management at Truist, I manage a multi-billion-dollar securities portfolio that aligns with the bank\'s strategic objectives and risk appetite. I have over two decades of experience in the finance industry, an MBA in Finance, and a strong background in fixed income investments, liquidity management, asset liability management, and funding strategies.I leverage my quantitative analysis, data interpretation, and financial modeling skills, using tools such as QRM and Yield Book, to optimize portfolio performance and mitigate risks. I led the successful liquidation and reinvestment process post organizational merger for a portfolio of ~$25B within two weeks, creating a robust optimization framework that enhanced returns and reduced risks. I collaborate effectively with cross-functional teams and communicate complex financial concepts to executive leadership. I also coach and develop high-performing teams, facilitate informed decisions, and navigate complex business issues. My mission is to deliver value and excellence for Truist and its stakeholders.

Experience

1. Senior Vice President, Investment Portfolio Management

   Truist

   Jan 2020 — Present · Charlotte, NC, US

   Manage bank’s multi-billion-dollar securities portfolio and perform comprehensive data analysis, as well as risk mitigation to maximize returns for bank’s investment holdings. Provide comprehensive leadership, training, and mentorship to junior team members on effective portfolio management, risk assessment, and preparing ad-hoc analysis for executive leadership. Utilize QRM and Yield Book for financial modeling and preparing balance sheet forecasts. Investment Portfolio ManagementManaged liquidation and reinvestment process post organizational merger for a portfolio of ~$25B within 2 weeks, facilitating seamless transition of assets.Built securities portfolio optimization framework and related modeling to maximize investment returns through multiple interest rate scenarios, subject to liquidity, interest rate risk, capital, and regulatory constraints.Developed and executed Community Reinvestment Act-compliant investment portfolio management strategies with a focus on attaining and overdelivering designated investment goals. Funding & Liquidity ManagementUtilized a variety of financial instruments including CDs, Overnight funding, FHLB advances, and commercial paper to oversee short-term funding portfolio of over $5B, ensuring funding cost below the Fed Funds Effective Rate. Coordinated with existing lines of business to gain insights into their short and long-term funding requirements and accordingly prepared/maintained cash flow forecasts, ensuring improved financial planning. Leveraged proficiency in Microsoft Excel to perform regression analysis, enabling creation and deployment of debt spread model and analysis of debt spreads for both bank and holding company under stressed CCAR scenarios. Asset Liability ManagementUtilized QRM reporting to implement and automate monthly reporting system, expediting consolidation of interest rate risk across products and indices for enhanced efficiency.

Education

• College of Charleston

  Bachelor of Science - BS

• Wake Forest University - Babcock Graduate School of Management

  Master of Business Administration - MBA

Skills

• Financial Analysis
• Financial Modeling
• Forecasting
• Financial Reporting
• Strategic Financial Planning
• Finance
• Sarbanes-Oxley Act
• Accounting
• Credit
• Process Improvement
• Sap
• Portfolio Management
• Variance Analysis
• Financial Statement Analysis
• Strategic Planning
• Capital Budgeting
• Corporate Finance
• Essbase
• Internal Controls
• Accounts Receivable
• Financial Risk
• Banking
• Management
• Managerial Finance
• Financial Planning