Bruce Backley

Experience

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  Glendale Federal Bank, now doing business as Citi

  Jan 1991 - Nov 1998

  Senior Vice President

  Manager of Bank Investments and Cash ManagementAs the bank's investment officer, I created and executed a number of investment and capital optimization strategies designed to improve risk adjusted returns. In addition to managing a $10B investment portfolio and $2B purchased loan portfolio, my responsibilities included directing activities in the areas of asset/liability hedges, funding, settlement operations, cash management and wire transfer operations. I was an integral part of the leadership team that completed the largest private recapitalization of an S&L and the acquisition of 2 financial institutions that resulted in over $750mm in deposit growth. I also regularly advised the Board of Directors and ALCO of economic conditions and investment opportunities. Show less

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  Washington Mutual, now doing business as JPMorgan Chase & Co.

  Jan 2001 - Jan 2004

  First Vice President

  Manager of Structured Finance and Mortgage TradingI led trading activities as well as relationships with broker/dealers, rating agencies and GSEs within the Secondary Marketing function. Under my direction, the bank issued over $60B of private label mortgage backed securities and generated more than $590mm of income. I enhanced the bank's branding strategy in the secondary market by establishing risk metrics, monitoring competitor issuance and evaluating past performance of securities issued. In my role I also led integration efforts of acquired institutions and executed various balance sheet and capital optimization strategies. Show less

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  IndyMac Bank, now doing business as OneWest Bank

  Nov 2004 - Dec 2008

  First Vice President

  Manager of Pricing and Product ProfitabilityIn this Secondary Marketing role, I was responsible for developing and executing business unit pricing strategies and guiding business unit executives to optimize their revenue. I managed profit margin oversight of all production divisions, (Retail, Wholesale, Correspondent, Consumer Direct and Construction). In this role I was tasked with analyzing loan characteristics in each production channel and designing strategies to maintain overall production mix and risk profiles that were consistent with the bank's strategic objectives. I also directed teams responsible for competitive pricing surveys, rate lock administration and exception pricing. Show less

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  Bank of America

  Dec 2008 - Aug 2012

  Senior Vice President

  Consumer Credit Executive, Credit Risk Portfolio ManagementAs a risk management executive, I led a highly quantitative team that assessed and interpreted delinquency and default trends by leveraging model simulation and quantitative research results to identify the highest risk portfolio segments. Using these outputs, I was responsible for targeting populations and designing and implementing strategies to drive process efficiencies intended to reduce defaults and minimize losses. I also provided technical knowledge, six sigma process optimization and leadership for MHA and proprietary loan modification programs, including remediation and data governance activities related to the bank's loan modification model and input/output data archiving. Show less

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  Federal Home Loan Bank of Seattle, now doing business as Federal Home Loan Bank of Des Moines

  Sept 2012 - Jun 2015

  Vice President

  Director of FinanceAs a member of the leadership team, I utilized existing models to identify risks to the balance sheet, earnings and liquidity of the bank and developed strategies to better measure, manage and mitigate identified risks. I provided senior leadership in the development of new products, investments, hedging tools and funding alternatives, which included presenting proposals to the Board of Directors and to State Housing Finance executives. As manager of the corporate income forecast, I utilized model results to create income enhancement strategies, strategic plans and Dodd-Frank stress testing scenarios. I served as Vice-Chair of the bank's Asset Liability Committee (ALCO) and Chair of the Treasury Strategy Sub-Committee of ALCO. I was also an integral part of the first ever merger between two FHLBs, responsible for creating financial projections, conducting due diligence and executing a $1.5 billion balance sheet restructuring prior to transaction closing. Show less

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  BECU

  Apr 2016 - now

  Director, Mortgage Capital Markets