John Um, CFA

Experience

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  US Bank

  Jun 2004 - Apr 2005

  Structured Finance Analyst

  • Reason for leaving: Better opportunity• Managed CDO accounts by updating and reconciling asset and income records for bank loans and high yield bonds between two systems, as well as processing trades and payments on a daily basis.• Collaborated with the Account Officer and Portfolio Manager to generate standard and ad-hoc reports, and to solve for any discrepancies between the reports and the clients’ records.

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  Citizens Financial Group

  Apr 2005 - Nov 2006

  Risk Reporting Analyst

  • Reason for leaving: Better opportunity.• Produced quarterly ratings migration reports of the commercial loan portfolio including data preparation, written analysis and distribution to executive management.• Created databases to generate reports for senior management tracking credit production and as part of the Basel II project, such as determining those credits that are aggressively/conservatively rated as compared to a benchmark, listing all public companies with updated credit risk related information, and producing a weekly public company report with risk data indicated by the market.• Gathered and analyzed credit portfolio data to assist the Portfolio Credit Risk Management teams, as well as present possible strategic trends to the parameter review group, specifically for support of Basel II framework. Show less

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  American Home Mortgage

  Dec 2006 - Aug 2007

  Mortgage Backed Securities Associate

  • Reason for leaving: Company filed for bankruptcy in August 2007 resulting in employment discontinuation.• Streamlined the data-quality process to ensure data integrity and improve productivity four-fold.• Composed clean data tapes by analyzing loan-level data using MS Office tools and SAS for preparation of structuring and collateral analysis as part of the securitization and bidding process.• Collaborated with rating agencies, underwriters and mortgage insurers to determine loss coverage levels for mortgage pools and to clarify all collateral/underwriting inquiries.• Evaluated the risk of mortgage collateral by utilizing RMBS applications, such as S&P LEVELS and SPIRE, Blackrock Anser, Intex Dealmaker, and internal data servers. Show less

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  Callidus Capital Management

  Sept 2007 - Apr 2010

  CLO Portfolio Analyst

  • Reason for leaving: Company was acquired by in April 2010 resulting in employment discontinuation.• Analyzed and generated Intex forecasted cash flow analysis through sensitized scenarios to determine IRRs and equity valuations on the company’s collateralized debt/loan obligation funds (CDO/CLOs). • Developed portfolio analytical tools using operational and credit data including a Performance Benchmarking report, weekly portfolio and credit meeting reports, quarterly accounting data for our parent company, and a monthly compliance data reconciliation tool.• Spearheaded the overhaul of Cal-Port (an internal financial spreading system and credit analytical and reporting system) to improve usability, functionality and maintenance, and system performance, and facilitate the effort and communication between parties including IT consultants/directors, program developers, and the users (credit analysts and portfolio managers).• Maintained and further developed Cal-Port, Cal-Port related tools, and the company website.• Generated ad-hoc reports through data analyses to support management in presenting portfolio statistics for board meetings, marketing materials and questionnaires to existing and potential investors.• Assessed and performed portfolio compliance tests to ensure monthly trustee data and reports complied with CDO indentures. Show less

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  Fitch Ratings

  Apr 2010 - Nov 2017

  • Performed full credit ratings analysis of new-issue collateralized loan obligations (CLOs) backed primarily by broadly syndicated leveraged loans covering credit, structural and legal risks.• Presented and recommended proposed ratings to credit committees for CLO transactions, and subsequently published presale and new issue reports describing the transactions and ratings analysis.• Reviewed transaction documents including indentures, management agreements and offering memos to identify potential adverse implications pertaining to specific noteholders of the deals.• Performed quantitative analysis utilizing internal and proprietary portfolio credit and excel-based cash flow (CF) models including the customization of the CF models to apply unique structural features when applicable. • Participated in committees in other asset classes including ABS, distressed CDOs, trust-preferred securities. Show less • Analyzed residential mortgage pools, cash flows and deal structures to rate new-issue RMBS transactions backed by prime, Alt-A, and subprime mortgages, as well as re-securitization (re-REMIC) transactions.• Presented and recommended proposed ratings to credit committees for RMBS deals and aggregator/originator reviews.• Reviewed legal documentation to interpret deal framework and mechanics, such as representations and warranties, cash flow waterfall, servicing processes, flow of funds.• Performed data analyses, primarily using 1010/LoanPerformance and Intex, for internal research and criteria, new transactions and ad-hoc requests including topics such as loan modification trends and mortgage performance.• Re-engineered an internal Excel-based vector generator of default and prepayment timing curves to conform to assumptions from other RMBS jurisdictions. Show less • Analyzed residential mortgage pools and cash flow structures, along with legal documents reviews as part of the rating process of RMBS deals and presented to committees for rating approval. RMBS deals include whole-loan securitizations, re-securitization or re-REMIC transactions, and servicer advance receivable trust (SART) deal.• Assessed mortgage originators/aggregators, their underwriting and sales operations, risk management functions, and overall management of the companies related to jumbo mortgage originations.• Performed data analyses for internal research, new transactions and ad-hoc requests including topics for PrimeX, loan modification trends, and loan performance in various levels.• Tested independently the company's proprietary model through sensitivity analysis and present findings to the model working group.• Participated in committees and onsite meetings for new transactions/deals, originator and servicer reviews. Show less

  • Director (CLO)

    May 2014 - Nov 2017

  • Director (RMBS)

    Mar 2014 - May 2014

  • Associate Director (RMBS)

    Apr 2010 - Mar 2014
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  GreensLedge

  Dec 2017 - Apr 2018

  Vice President

  • Contributed in various dealmaking processes for MM CLO warehouse and term securitizations, such as optimizing returns/structures using models, matching clients with potential partners, creating pitchbooks for M&A proposals.

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  Fitch Ratings

  May 2018 - Apr 2022

  Lead ABS analyst on new issue ratings and/or surveillance within auto loans, equipment loans/leases, aircraft leases and utility tariff/stranded cost asset classes. Liaison of ESG topics/issues within the ABS space.

  • Director (ABS)

    Oct 2019 - Apr 2022

  • Director (CLO)

    May 2018 - Oct 2019
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  Morningstar DBRS

  May 2022 - now

  Vice President

  Lead ratings analyst for debt issued by investment funds (private credit funds), aircraft lease ABS and aircraft secured loans.