Elena Foley

Experience

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  CoreStates Bank NA

  Mar 1996 - Aug 1998

  International Banking Officer | Analyst

  Provided trade finance to 64 correspondent banking relationships in Latin America, managing the credit process for these relationships (over USD 550 million in Latin American country exposure.) Traveled to Latin America to call on customers, market international cash management products, and conduct due diligence reviews. Completed formal training program, which included eight weeks of classroom training covering financial analysis and modeling in addition to two six-month rotations in the Global Financial Institutions Division and Asset-based Lending Group, respectively. Show less

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  UBS

  Sept 1998 - Apr 2020

  Selected to lead the credit risk control work-stream of a strategic initiative to expand products traditionally offered out of the investment banking platform into the wealth management franchise, growing the target market into smaller US institutional entities, credit unions, and municipalities. Tasked with building the credit risk control team supporting the initiative. Collaborated with front office partners to review and onboard new clients, approving credit limits and internal PD ratings where required. Coordinated with the various risk verticals (including Market Risk Control, Methodology, and Treasury Risk), assessing new business initiatives and reviewing adequacy of existing and proposed PD and LGD models and credit exposure measurement methodologies. Show less Led a team of credit officers and analysts focused on North American financial institutions. Assessed creditworthiness of North American financial institutions, including banks, broker-dealers, clearing-houses, and hedge funds to determine credit rating and approve relevant credit limits and/or transactions, including OTC and cleared derivatives, loans, securities lending, and repos. Assessed new business initiatives and complex transactions. Vested with ad persona credit authority sufficient to approve one-off transactions of up to $1.5 billion and credit limits of up to $2 billion dependent on counterparty rating and transaction type. Show less

  • Executive Director | Team Leader US Capital Markets

    Jun 2019 - Apr 2020

  • Executive Director | Team Leader Financial Institutions North America

    Sept 2004 - Jun 2019

  • Director | Credit Officer

    Sept 2001 - Aug 2004

  • Credit Analyst

    Sept 1998 - Aug 2001
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  Federal Reserve Bank of New York

  Aug 2020 - now

  Counterparty Credit Risk Oversight Specialist