Wayne Schwartz

About Wayne Schwartz

25+ years of progressive leadership experience in risk management, oversight and reporting at large private-sector financial institutions and major economic development organization. Current role: Establish and maintain Market, Liquidity and ALM risk policies, frameworks, guidelines, and processes; independently assess and report on risk to the Board and Executive Management; build/maintain relationships with key leadership and partners across the World Bank Group; conduct ongoing market surveillance and risk analysis; review new strategies, frameworks and transactions; develop analytical tools. Note: Total WB Assets >$400 billion; Total liquidity >$100 billion; Total Derivative Notional >$300 billion. Seeking leadership opportunity in risk oversight. Specialties: Board and Management level reporting, Risk oversight, monitoring and assessment, Risk frameworks, policies, guidelines, and processes, Fixed income, Derivatives, Risk/reward, Valuation, Capital markets, Funding, Investments, Asset Liability Management, Hedging, Financial systems, Financial reporting

Experience

1. Head of Market Risk Oversight

   The World Bank Group

   Jan 2006 — Present · US

   Establish and maintain market, liquidity and ALM risk policies, frameworks, guidelines, and processes; independently assess and report on risk to the Board and Executive Management; build/maintain relationships with key leadership and partners across the World Bank Group; conduct ongoing market surveillance and risk analysis; review proposed strategies, products and transactions; develop models and manage balance sheet and market data. Note: Total World Bank Assets >$400 billion; Total liquidity >$100 billion; Total Derivative Notional >$300 billion.• Established and enhanced quarterly Board-level and Liquidity & Funding Committee (akin to ALCO) risk and performance reporting for market, liquidity and ALM risk.• Completely re-built IDA’s financial risk framework, policies and guidelines to support IDA becoming an market debt issuer, including risk governance, ALM framework, and FX and liquidity guidelines.• Built a full-scale, independent portfolio risk analytics system, including Value-at-Risk (“VaR”), stress testing, Economic Capital and scenario analysis, featuring C# algorithm library and SQL databases. Manage daily balance sheet, income statement, market, and risk analytics data.• Established suite of FinTech applications for risk oversight and assessment, including applications for balance sheet risk and economic capital drill-down (Tableau), robotics-based risk reporting, collection of qualitative market information and blockchain-based risk process optimization.• Calculated capital and pricing inputs for initiatives, including weather and catastrophe risk insurance.• Simultaneously led the Counterparty Credit Risk Oversight Group as well for three years (20••••12).

Education

• University of Maryland

  BA

• Cornell Johnson Graduate School of Management

  MBA