Michael Schuchardt

Experience

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  Ford Credit and Norwest Bank

  Oct 1992 - Oct 1995

  Credit Risk Manager

  Held several credit leadership roles with Norwest (now Wells Fargo) and Ford Credit.

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  GE Capital

  Jan 1995 - Jan 1998

  Six Sigma Blackbelt

  Led multiple projects focused on improving operational efficiency and effectiveness.Key Contributions: Projects delivered cost savings of over $20,000,000. Managed a team of approximately 35 employees. Interviewed, hired and trained staff and managed daily operations. Increased regional profitability 37%.

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  Andersen Business Consulting

  Nov 1998 - May 2002

  Manager - Financial Services Business Consulting

  Managed the delivery of consulting engagements for large Financial Services organizations.Key Contributions: Led the business model strategy development and conceptual design for the consumer lending divisions of the largest Canadian bank. Developed the risk management function and supporting infrastructure for a leading merchant processor. Redesigned the organizational structure for a leading Financial Services solutions provider. Redesigned the origination and underwriting processes for a Canadian bank. Show less

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  Protiviti

  Jun 2002 - Jul 2017

  Managing Director - Financial Services Risk and Compliance practice

  Associate Director promoted to Director and ultimately Managing Director focused on Risk and Compliance matters in the Financial Services Industry, primarily for GSFIs. Key leader in developing Credit Risk, Operational Risk, ERM and Capital Management practices. Responsibilities included development / oversight of annual marketing plan, business development plan, product development, intellectual property development, and hiring and training practice employees. Developed and fostered relationships with senior level Financial Services Executives. Oversaw the delivery of risk consulting and internal audit engagements, including BSA/AML reviews/audits, lookbacks, Operational Risk reviews, Enterprise Risk assessment and ERM program reviews, Credit risk infrastructure review, Change Management, Capital methodology assessments, Risk Appetite development/oversight, data management and data governance, Consumer regulatory compliance, Fraud Risk management, and Credit due diligence. Key Contributions: Led multi-location Credit Risk practice with approximately 50 professionals and revenue CAGR of 20% from 2007 to 2012. Built and led Protiviti’s ERM practice for Financial Institutions from 2008 to 2010. Built and led Protiviti’s West Financial Services practice across all solutions with approximately 120 professionals and revenue CAGR of 39% from 2012 to 2017 ($50,000,000 in 2016). Show less

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  MUFG Union Bank, N.A.

  Jul 2017 - Aug 2020

  Head of Risk and Control/Chief Risk Officer

  First line of defense CRO responsible for overseeing management of all risk stripes across the bank ($130B in assets), ensuring that the bank operate within its Risk Appetite profile. As a direct report to the Union Bank CEO, served as member of MUB Executive Committee, the banks most senior governing body. Served as member of more than 40 different committees and councils including, Americas Risk Committee, Reputational Risk Committee, Enterprise Controls Committee, Credit Risk Committee, Compliance Committee, Crisis Management Committee, Operational Risk Committee and many others. Key Contributions: No Board reportable Risk Appetite breaches. Oversaw the closure of 12 MRAs and 4 VOLs. Reduced open issues by 34% in FY 2018 and 2019. Show less

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  MBS Risk Consulting, LLC

  Sept 2020 - Jan 2023

  Risk Management Consultant

  Consulted with senior Financial Services Executives on a variety of Risk Management related topics.

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  Treliant

  Feb 2023 - Oct 2024

  Senior Managing Director - Risk Management Practice Leader