John Adams, CFA

Experience

• 

  FDIC

  Jan 1991 - Jan 1996

  Budget and Management Reporting Analyst

  Accomplishments:• Developed $140 million expense budget for consolidated region.• Identified, reported and communicated assets being liquidated to management.• Coordinated annual goal and budget reporting process for 4 regional offices during reorganization and centralization of division.• Devised and implemented computer model for projecting assets and collections resulting in enhanced resource utilization.• Designed responsibility center expense reporting system breaking out corporate expenses to a regional level for enhanced departmental planning and control of expenditures.• Received FDIC Sustained Superior Performance Award (1996). Show less

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  American Savings Bank (CT)

  Jan 1996 - Jan 2003

  Assistant Vice President

  Developed & implemented dynamic interest rate risk model that facilitated interest rate risk analysis & investment decision-making.Accomplishments:• Enhanced budget model improved planning process allowing for easy, accurate & time-sensitive reporting for quantitative product managers’ performance reviews.• Implemented Darling Basis computerized interest rate risk management/forecasting model including building the methodology for importing data. Created reporting system that facilitated executive management’s decision-making capabilities resulting in the Bank receiving top rating from FDIC & CT Dept. of Banking for interest risk management for 5 consecutive years.• Optimized model functionality via continuous improvement process including expansion of data, increased accuracy of repricing information & improved updating of key assumptions leading to significantly enhanced reporting & projections. • Customized investment strategies for asset/liability management by utilizing forecasting model to maximize long term profitability & improve budgeting, investment & deposit plans to ensure the Bank’s financial performance was always within acceptable risk parameters.• Built computer model to integrate bank financial plans & assess the combined interest rate risk of both institutions during merger that provided valuable data about combined assets, liabilities & investments for Bank management.• Functioned as interim Finance Dept. Head managing investment portfolio, establishing leverage transactions, recommending investment strategies, interacting with bond brokers, & implementing portfolio structural change by reinvesting short term investments in longer term maturities.• Automated accounting procedures for improved reporting, more accurate balancing/reconciling of accounts, & cleaned up accounts for investment portfolios resulting in faster report production, enhanced account balancing to general ledger & safekeeper, & greater control of Bank’s risk. Show less

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  NewAlliance Bank

  Jan 2003 - Jun 2011

  Manage Investment Department special projects including SBO 2000.Accomplishments:• Created the Bank’s derivative policy and collaborated with Business Banking to offer interest rate swaps hedging to commercial loan borrowers making the bank lender program more competitive.• Developed a new liquidity management policy and wrote corresponding procedures and reports which effectively measured risk and evaluated worst case scenario to ensure strong liquidity positions and policy compliance.• Implemented accounting software to manage purchase mortgage loan portfolio leading to increased productivity, more lender control and easy, effective handling of accounts.• Led multi-department project expanding NOW Accounts sweeps to reduce the Bank’s reserve requirements under Regulation D increasing the Bank’s income $150,000 annually. Recommending expansion of the program to all DDA accounts with potential to increase pretax income by $1 million annually.• Restructured asset/liability model functionality by remapping the data import process improving the quality and integrity of data resulting in significantly enhanced reporting, improved projections capabilities and more accurate reconciliation with general ledger accounts.• Designed and automated the process to integrate accounting systems to create combined financial reporting for three merging banks during the interim reporting period.• Coordinated amalgamation of all functions pertinent to the Investment Department including investment portfolios, Federal Reserve accounts, and loans and deposits databases for two successful bank mergers in two years.• Cross-checked the loan & deposit conversion program, found and corrected major errors in the mapping of the two bank systems to ensure the accurate merging of loan systems during merger. Show less

  • First Vice President

    Jan 2010 - Jun 2011

  • Vice President

    Jan 2004 - Jan 2010

  • Consultant

    Jan 2003 - Jan 2004
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  First Niagara Bank

  Jun 2011 - Aug 2011

  Consultant
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  Rockville Bank

  Sept 2011 - Feb 2015

  Assistant Treasury Officer
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  United Bank

  Mar 2015 - now

  Vice President, Asset/Liability Manager