Jimmy Cordero Arrieta
San José
Summary
Dedicated Banking professional with a history of meeting company goals utilizing consistent and organized practices. Skilled in working under pressure and adapting to new situations and challenges to best enhance the organizational brand.
Collaborative leader with dedication to partnering with coworkers to promote engaged, empowering work culture. Documented strengths in building and maintaining relationships with diverse range of stakeholders in dynamic, fast-paced settings.
Overview
26
26
years of professional experience
1
1
Certification
Work History
Senior Manager, Credit Risk Commercial Accounts
Scotiabank de Costa Rica, S.A.
06.2016 - 10.2023
- Responsible for contributing to the maintenance, growth and quality of the Corporate and Commercial loan portfolios comprised of a diversified industry group through assessment of risk and development of appropriate advice to Director and Vice-President of the Credit Unit or Global Risk Management
- Provide sound and timely decisions with respect to applications for credit through competent and thorough analysis, with suitable structure, conditions, security, and pricing
- Conduct a thorough analysis of the borrower's financial position including identification of key trends and ratio analysis (leverage, liquidity, etc.)
- Identify true sources and uses of funds and identify the stability and adequacy of borrower cash flow against financial projections
- Develop financial performance expectations based on borrower, industry, and economic knowledge
- Identify key financial covenant triggers based on financial statement analysis
- Assess probability of default (PD) and loss-given-default (LGD)
- Identify business, market and competitive risks facing borrowers
- Identify key risks (industry, business, economic, etc.) that affect future ability to repay
- Identify structural subordination and holding company, parental or affiliate guarantee risk
- Identify ongoing financial performance strengths and negative trends of existing borrowers
- Keep abreast of the political, economic, regulatory, tax and legal developments, as well as funding issues, in the assigned countries
- Monitor overall credit portfolio quality
- Maintain a thorough knowledge of the Bank's lending policies, procedures, and practices as well as those of the assigned International Units
- Monitor the adherence to Bank policies by assigned units and recommend actions required to correct any irregularities, amendments to policy and country/industry limits, as appropriate
- Identify early warning signals, problem-lending situations, and complete loan loss calculations
- Research and prepare industry studies and recommend industry guidelines
- Restructure unacceptable financing proposals into bankable deals
- Identify traditional and non-traditional financial and non-financial covenants
- Assess current and future values of borrower assets and/or collateral
- Thorough review and assessment of loan documentation so that the Bank's interests are fully protected
- Recognize key features of loan agreement including definitions, security, conditions precedent, covenants, representations and warranties, events of default, etc
- Participate in weekly Deal Forums to provide feedback to the assigned Units prior to submitting a credit presentation with new and/or increased exposure
- Assist with the training and development of junior staff and of staff from Local & International Units
- Ensure assigned units receive appropriate and meaningful feedback, provided in a constructive manner
- Participate in due diligence exercises with respect to potential acquisitions
- Assist in solving certain administrative problems, as requested, on behalf of International Units
- Provide feedback on the effectiveness and efficiency of relevant policies, procedures, reporting, and systems utilized by the Department and assigned International Units.
Senior Manager and Head of Special Accounts Management (SAM) Unit
Scotiabank de Costa Rica, S.A.
11.2013 - 05.2016
- Responsible for managing the special accounts and/or problem credits in an effective and efficient way, trying to minimize loan losses
- Provide support to the Commercial and Corporate portfolios which require solving workouts or help to refinance or restructure some cases
- Prepare, review, and send to the corresponding adjudication level the Quarterly Status Report (QSR) for all problematic accounts under the Special Accounts Management (SAM) portfolio
- Authorize sending problematic account to legal process (when applicable)
- Provide support in the sale process of repossessed assets, trying to obtain the best conditions for the Bank
- Authorize some expenses related to the SAM Portfolio (i.e., insurance policies, legal expenses, appraisals)
- Negotiate credit conditions for the customer under SAM Portfolio (interest rates, currency rates)
- Conduct visits to the borrowers or repossessed assets (properties, land, etc.) and prepare visit reports
- Participate in the hiring process of lawyers, appraisers, real estate agents and other suppliers related to the SAM portfolio
- Present different adjudication proposals through Credit Presentations, memos or QSRs
- Participate in the monthly Delinquency Committee meeting
- Provide support to the Collections department and contribute to reduce the delinquency ratio.
Senior Manager, GRM Regional Office
Grupo BNS
06.2012 - 10.2013
Senior Manager, Local Credit Risk
Scotiabank de Costa Rica, S.A.
07.2010 - 06.2012
Manager, Credit Risk
Scotiabank de Costa Rica S.A.
07.2007 - 06.2010
Head of Risk Unit
Scotia Valores Puesto de Bolsa, S.A.
07.2003 - 07.2007
Senior Auditor, Audit Department
KPMG, S.A.
01.2000 - 06.2003
Senior Accountant, Outsourcing Department
KPMG Outsourcing, S.A.
01.1998 - 06.2000
Education
MBA -
ESDEN Business School
01.2019
Bachelor Degree in Public Accountant -
Universidad Internacional de las Américas
01.2003
Skills
- Computer programs (Microsoft office) and Moody’s Tools
- Advanced excel course
- Financial Analysis
- Team Leadership
- Good Judgment
- Training and Development
- Data Analytics
- Negotiation and Conflict Resolution
- Performance Management
- Risk Management
- Decision-Making
- Teamwork and Collaboration
Accomplishments
- Manage a commercial and corporate credit portfolio of 100 accounts for a total amount of USD350MM.
- When I was appointed as Senior Manager of Special Accounts Management Unit, the Unit managed 121 problem accounts totaling USD32MM, and one year later, the portfolio was reduced up to 56 accounts, totaling USD22MM (total reduction of USD10MM).
- Refer clients/borrowers to Commercial and Corporate Banking for a total of USD8MM.
- Efficient control of GAAP provisions for the credit portfolio, accurate and realistic forecast, as well as up-to-date reporting.
- Sale of repossessed assets for more than USD5MM.
- I managed the negotiations of restructuring problematic accounts amounting to USD20MM.
- Reduce the delinquency ratio of the Leasing Guatemala portfolio from 30% to 1.27%.
- Bring the Special Accounts Unit to international standards, at the level of reporting, information, organization and operation.
- Promote the development and professional growth of my team's members, getting them to occupy more senior positions within the organization.
- Turnaround of 1.21 days, reviewing 24 cases per month in average (which represented 42% of total cases received) while the time response of the Unit was between 2 and 3 days.
Other
Fully Bilingual (Spanish/English)
Supplementary Work Training Experience
- Chosen to participate as a part of a team sent to Banco Colpatria (Colombia) to help the Special Accounts Management Unit in the process to prepare Quarterly Status Report that required to be approved by Global Risk Management.
- Certified Facilitator – International Corporate and Commercial Banking Curriculum for The Financial Statement Analysis Workshop – May 2013 in San Salvador and June 2013 in Dominican Republic.
- Facilitator for Credit Policy and Process Workshops – March 2012 in Panama and April 2013 in Costa Rica.
Personal Information
- ID Number: 1-1042-139
- Age: 44
- Nationality: Costa Rican
- Marital Status: Married
References
- Ms. Erika Madrigal, Credit Risk Director, Scotiabank de Costa Rica, S.A., (506) 8811-5094
- Mr. Manuel Morales, former Senior Manager, KPMG, S.A., (506) 8373-6453
- Mr. Aly Alvarez Navarro, former General Manager, KPMG Outsourcing, S.A., (506) 8911-6945
Affiliations
- COLEGIO DE CONTADORES PUBLICOS DE COSTA RICA
Certification
Specialist in Risk Management Portfolio Securities and Exchange, Instituto Tecnológico de Monterrey, 2003.
International Market Analysis, Tradex Costa Rica 2003.
“Credit Decision Making Workshop – Commercial Banking Development Program”. The Bank of Nova Scotia. Toronto, Canada 2009.
“Commercial Banker Development Program”. The Bank of Nova Scotia. Toronto, Canada 2009.
Banking Risks I, Asociación Bancaria Costarricense. Costa Rica 2010
“Private Banking Credit Skills Workshop” – The Bank of Nova Scotia. Miami, USA 2012.
Integrated Risk Management, Universidad de Costa Rica. Costa Rica 2012.
Several certifications related to Environmental, Social and Government (ESG) Risks and Climate Change
Timeline
Senior Manager, Credit Risk Commercial Accounts
Scotiabank de Costa Rica, S.A.
06.2016 - 10.2023
Senior Manager and Head of Special Accounts Management (SAM) Unit
Scotiabank de Costa Rica, S.A.
11.2013 - 05.2016
Senior Manager, GRM Regional Office
Grupo BNS
06.2012 - 10.2013
Senior Manager, Local Credit Risk
Scotiabank de Costa Rica, S.A.
07.2010 - 06.2012
Manager, Credit Risk
Scotiabank de Costa Rica S.A.
07.2007 - 06.2010
Head of Risk Unit
Scotia Valores Puesto de Bolsa, S.A.
07.2003 - 07.2007
Senior Auditor, Audit Department
KPMG, S.A.
01.2000 - 06.2003
Senior Accountant, Outsourcing Department
KPMG Outsourcing, S.A.
01.1998 - 06.2000
MBA -
ESDEN Business School
Bachelor Degree in Public Accountant -
Universidad Internacional de las Américas
Specialist in Risk Management Portfolio Securities and Exchange, Instituto Tecnológico de Monterrey, 2003.
International Market Analysis, Tradex Costa Rica 2003.
“Credit Decision Making Workshop – Commercial Banking Development Program”. The Bank of Nova Scotia. Toronto, Canada 2009.
“Commercial Banker Development Program”. The Bank of Nova Scotia. Toronto, Canada 2009.
Banking Risks I, Asociación Bancaria Costarricense. Costa Rica 2010
“Private Banking Credit Skills Workshop” – The Bank of Nova Scotia. Miami, USA 2012.
Integrated Risk Management, Universidad de Costa Rica. Costa Rica 2012.
Several certifications related to Environmental, Social and Government (ESG) Risks and Climate Change
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