Resume of Jesse Torres

JESSE TORRES 2001 Huntington Lane Redondo Beach, CA 90278 Cell (310) 408-6963 Home (310) 318-9137 MrJesseTorres@gmail.com OBJECTIVE: Senior management position within a forward thinking organization. Banker and turnaround specialist with a hands-on approach to significantly improving an organization from the financial perspective to the infrastructure to its people to its perception in the community. Highly respected within the banking industry for personal integrity, professional judgment, loyalty and commitment. Experienced President of an FDIC “troubled institution.” Turnaround specialist with significant success in successfully managing formal and informal regulatory orders. PROFESSIONAL EXPERIENCE: President and Chief Operating Officer Security Savings Bank, Henderson, Nevada January 2008 to March 2009 $250MM “troubled” commercial bank with two branches. Hired as Executive Vice President/Chief Operating Officer based on extensive hands-on experience in managing back office/retail operations/information technology/regulatory compliance, implementing new products, services and systems and managing difficult regulatory relationships. Appointed by Board of Directors and approved by FDIC to role of President of the “troubled institution” in September 2008, upon the departure of the CEO and the President. Primary role as President was to work with Board to identify an acquirer for the institution. Subsequently, upon the Board’s decision to liquidate the institution, the President’s role involved close coordination with the FDIC for an orderly wind-down of the banking operation. High praise received from both the FDIC and Nevada Department of Financial Institutions for effective management of a difficult and unstable environment.  FINANCIAL REPORTING AND FUNDS MANAGEMENT. Overall responsibility for the reporting of financial data to the Board of Directors.  Reporting included the monthly presentation of financial highlights, comparative financial reports, budget variances, asset/liability (ALCO) benchmark reports, liquidity and dependency data, investment, borrowings and deposit reports, as well as monthly funding reports. LOAN ADMINISTRATION AND OTHER REAL ESTATE OWNED. Overall responsibility for the reporting of loan and REO data to the Board of Directors.  Reporting included the monthly presentation of loan activity, outstanding loan commitments, loan portfolio stratification, geographic/product concentrations, loan grade distribution, loan delinquencies, criticized loan migration, OREO report and ALLL analysis. DEPOSIT MANAGEMENT. Managed the Bank’s liabilities to ensure strong liquidity during stressful period.  Effectively restructured the Bank’s liabilities in early- to mid-2008, when troubling issues surfaced relative to the banking industry, as well as to provide the Bank with the ability to focus on diversifying the product mix.  Restructuring of the liabilities provided the FDIC with comfort relative to the potential run-off of deposits due to issues affecting the banking industry. REGULATORY LIAISON. Acted as primary point of contact with regulatory agencies.  Responsible for maintaining strong relations with FDIC and Nevada Department of Financial Institutions.  Strong regulatory relations partially contributed to appointment as Acting President upon departure of CEO and President.    JESSE TORRES … (310) 408-6963 Page 2  REGULATORY COMPLIANCE. Developed and implemented formal controls and self-assessments.  Implemented Patriot Officer anti-money laundering application and related AML “scenarios.”  Implemented a comprehensive GLBA/Information Security/BSA/OFAC risk assessment process.  Cleared all regulatory concerns cited in report of examination and informal document.  Acted as CRA Officer, developing “innovative” (per FDIC CRA examiner) scholarship program. Developed relationships with local nonprofit organizations, leveraging Bank’s customer base to provide assistance to several CRA-qualified organizations.  Strong regulatory ratings for information security, compliance, BSA/AML and CRA. VENDOR MANAGEMENT. Maintained program to reduce risk and costs.  Implemented a comprehensive vendor management program.  Renegotiated contracts with various vendors to reduce costs.  Obtained significant improvements in service level from core processor through active management of the relationship. POLICIES AND PROCEDURES. Developed and implemented formalized Bank policies and procedures.  Coordinated extensive walk-through of all processes within the back office operations, retail operations, compliance and information technology to develop and implement an effective set of policies and procedures to ensure safe, sound and efficient operation of these business units.  Implemented formal procedures for the review and approval of documents relative to the following groups: Board of Directors, IT Steering Committee, Compliance Committee, Marketing Committee and Operations Committee. PRODUCTS AND SERVICES. Expanded the scope and of product/services.  Implemented many new products and services including online banking, online bill pay, ATM/debit card, online account origination and custodial/young adult savings accounts.  As part of product development process, trained Bank personnel on the completion and reporting of product risk assessments relative to regulatory, operational, strategic, reputational and other risks.  Implemented products in order to improve the Bank’s non-interest income and reduce interest expense/cost of funds. MARKETING PROGRAM. Implemented a formal marketing and public relations program.  Formalized the Bank’s marketing efforts through the creation of an overall marketing plan, including metrics and competitor analysis.  Expanded traditional newspaper advertising program with radio, social media (Facebook, Kudzu) and public relations.  Leveraged the use of the Internet and press releases to broaden the Bank’s reach and to leverage its Internet-based capabilities (e.g., online account origination, online banking and online bill pay). BUSINESS RESUMPTION. Implemented comprehensive BIA/BCP/DR programs.  Developed and implemented comprehensive Business Impact Analysis, Business Continuity and Disaster Recovery programs.  Praised by FDIC examiners for breadth of programs. June 2005 to December 2007 $500MM commercial bank with 7 branches.      Executive Vice President and Chief Operating Officer InterBusiness Bank, Diamond Bar, California Transformed small commercial bank into a sales oriented and cost conscious organization. Key role in growing institution from $206MM at June 2005 to $399MM at December 2007 while increasing branch network from four to seven, boosting non-interest income, doubling net income and significantly improving efficiency ratio from mid 50’s to mid 40s.  HIGHLIGHTS.  Removed formal document (Cease and Desist Order) primarily related to the Bank Secrecy Act through the implementation of a comprehensive BSA/AML program that included the implementation of Patriot Officer and robust suspicious activity/investigation procedures.  Implemented ATM/debit card program.  Conducted core processor conversion that included $100K in negotiated savings.  Doubled retail branch network.  Implemented several new products and services that significantly improved the Bank’s non-interest income. JESSE TORRES … (310) 408-6963 Page 3 Senior Vice President and Chief Compliance Officer Cal National Bank, Los Angeles, California January 2002 to June 2005 $6 billion commercial bank with 56 branches. Joined Cal National Bank as a result of the 2002 merger with Fidelity Federal Bank (see below). Organization grew from $300 million to $6 billion organization through two mergers in less than one year. Primary responsibility was to develop and implement an internal control system relative to regulatory compliance that was consistent with the size and complexity of the “new” organization. Worked on senior management team that successfully alleviated regulatory concerns regarding management’s ability to manage substantial growth resulting from two major acquisitions within a 12-month period.  HIGHLIGHTS.  No regulatory compliance related concerns noted in any reports of examination.  “Outstanding” Community Reinvestment Act rating achieved through comprehensive CRA program.  Consistently strong regulator ratings.  Development and implementation of bankwide risk assessment process, including information security.  Development and implementation of Hispanic marketing program. June 1998 to December 2001 $3 billion thrift focused on consumer/credit card lending. Senior Vice President and Manager of Risk Assessment Fidelity Federal Bank, Diamond Bar, California Fidelity Federal Bank was merged into Cal National Bank (see above) in 2002 Joined Bank as part of a management team responsible for positioning the “troubled” thrift for sale. Team effort resulted in a June 2001 definitive agreement to merge with an Illinois-based holding company and sale in December 2001.  HIGHLIGHTS.  Clean up of compliance-related issues resulting from prior management’s unsuccessful venture into subprime credit card lending.  Successful management of Department of Justice complaint, resulting in significantly lowering the settlement amount. January 1997 to June 1998 Big Four accounting firm – Financial Services Practice. April 1995 to January 1997 $50 billion thrift focused on residential and consumer lending. March 1993 to April 1995 Regulator of federally chartered commercial banks. March 1992 to March 1993 $3.7 billion thrift focused on consumer lending. Senior Consultant KPMG Peat Marwick, Los Angeles, California Assistant Vice President and Compliance Officer California Federal Bank, Los Angeles, California Associate National Bank Examiner Office of the Comptroller of the Currency, Los Angeles, California Training Specialist Western Federal Savings and Loan, Marina Del Rey, California EDUCATION/CERTIFICATIONS: B.A., Political Science – University of California, Los Angeles (1991) Award in Accounting – University of California, Los Angeles Award in Information Security – University of California, Los Angeles Pacific Coast Banking School – University of Washington, Seattle (Library Honors) (2004) Certified Internal Auditor (CIA) – The Institute of Internal Auditors Certified Information Systems Auditor (CISA) - Information Systems Audit and Control Association Certified Information Systems Security Professional (CISSP) - International Information Systems Security Certifications Consortium JESSE TORRES … (310) 408-6963 Page 4 COMPUTER SKILLS: Very strong computer-based skills. MS Office Suite (Word, Excel, Powerpoint, Access). Web programming: HTML, Joomla, Javascript. Completion of Oracle DBA program (UCLA). Social media expert: author/speaker LANGUAGE SKILLS: Fluent Bilingual: English/Spanish ORGANIZATIONS:  Immediate Past President – Los Angeles Junior Chamber of Commerce/LAJCC Charitable Foundation  Board Member – West Coast Anti-Money Laundering Forum (www.wcamlforum.org)  Graduate – Riordan Volunteer Leadership Development Program PUBLISHED WORK:  Community Banker’s Guide to Social Network Marketing, December 2008  Community Banker’s Guide to Hispanic Marketing, January 2005  Employee Guide to Information Security, July 2003 SPEAKER ENGAGEMENTS/MEDIA INTERVIEWS:             Federal Reserve Bank Conference – Funding Child Care and Youth Programs – July 2003 FDIC Hispanic Banking Conference – Hispanic Marketing Presentation – Spring 2005 Illinois Bankers Association Annual Conference – Hispanic Marketing – Summer 2005 West Coast Anti-Money Laundering Forum – Trade-Based Anti-Money Laundering Seminar – January 2007 MoneyLaundering.com, September 2007 FFIEC Advanced Anti-Money Laundering School – Anti-Money Laundering and Trade Finance – August 2007 MoneyLaundering.com, October 2007 West Coast Anti-Money Laundering Forum – Trade-Based Anti-Money Laundering Seminar – January 2008 Bank Director Magazine – First Quarter 2009: < http://tinyurl.com/bank-director> Bank Technology News Magazine – February 2009: < http://tinyurl.com/bank-tech-news> U.S. Banker Magazine – March 2009 BankerStuff.com Virtual Conference – Speaker: Social Media and Banking – March 2009. OTHER:  Recipient of the President’s Volunteer Service Award presented by the President’s Council on Service and Civic Participation – December 2006  Frequent speaker for federal agencies and industry associations regarding topics related to Hispanic marketing, anti-money laundering and community development.  Recipient of several awards for other volunteer service.