Mark D. Timmerman
Executive Vice President, Chief Risk Officer & General Counsel @Hudson Valley Credit Union
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WORK HISTORY
Executive Vice President, Chief Risk Officer & General Counsel @Hudson Valley Credit Union
New York, NY, US
Accountable for the execution and continued enhancement of enterprise risk management, including risk appetite statement, and related processes to achieve short term and long term strategic, financial and operational goals.• Furthers a culture of risk, serving as the primary risk liaison with its Board of Directors and as a member of executive management. Leads and provides key insights and direction. Participates in various other management-level committees to provide risk-based perspectives and input.• Develops and enhances risk management-related infrastructure, including policies, processes, procedures and documentation to continue supporting growth and decision-making.• Serves as a liaison with regulators in connection with risk management-related exams.• Develops strong partnerships with leaders of various functional areas of responsibility to provide effective and credible challenge in assessing risk.• Oversees credit risk, as well as portfolio monitoring systems for all current and future credit products.• Ensures credit policies are routinely reviewed, modified as necessary, and well-communicated throughout the organization.• Oversees loan portfolio management to ensure that asset quality meets stated objectives and is consistent with underwriting standards and risk appetite.• Oversees strategic corporate legal initiatives, managing the legal functions, as well as selecting and overseeing the work of external counsel. • Responsible for legal review and negotiation of third party vendor agreements and contracts, and drafting of regulatory and other disclosures. • Oversees and is accountable for regulatory compliance, enterprise risk management, risk mitigation and government relation functions, each focused on supporting HVCU’s strategic mission, vision, and values. • Directs corporate governance activities to ensure policies, structures, and procedures reflect best practices and comply with all federal and state regulatory requirements.
EDUCATION
University of Wisconsin Law School
Juris Doctor (J.D.), Law
Drake University Law School
Law
University of Warwick
Study Abroad Program, University of Wisconsin-Madison, International Economics
Wisconsin School of Business
Master of Business Administration (M.B.A.), Business Administration and Management, General
James Madison Memorial High School
High School
University of Wisconsin-Madison
Bachelor's Degree, Economics
SKILLS
ABOUT MARK D. TIMMERMAN
Mark possesses extensive legal, risk, and compliance experience in the financial services industry. Accountabilities include advising, counseling and managing public company community bank and credit union operations from a legal, risk, and compliance perspective including merger and acquisitions, asset purchases and dispositions, regulatory examinations and other interactions, corporate governance, SEC and public company matters, real estate matters, contract review and vendor management, enterprise risk management, litigation management, regulatory compliance, employment law matters, executive compensation, board of director and committee operations, governance, communications, and insurance matters. He also has extensive Corporate Secretary experience.Mark is proud to be a triple Badger, receiving his Bachelor of Science, Juris Doctorate and Executive Masters of Business Administration degrees from the University of Wisconsin-Madison. He is licensed to practice law in New York (2017) and Wisconsin (1994).Core Competencies:Laws applicable to Financial InstitutionsRegulatory ComplianceEnterprise Risk ManagementVendor ManagementCorporate GovernanceLitigation Mitigation and ManagementAcquisitions and divestituresBoard reporting, communication, and operationsInvestor Relations and public communicationsBudget management and controlBusiness planning, forecasting, and restructuringExecutive Compensation
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