Jeff Marsh is an Associate Director with Protiviti in the Risk and Compliance Practice. Jeff has over 15 years of credit and regulatory risk management experience. Jeff has worked as an advisor and federal examiner with global and regional banks, GSE's, hedge funds and large asset management companies for developing and evolving their risk management, governance, and compliance functions. He provides advisory services to his clients around consumer and commercial credit risk management, due diligence, compliance and regulatory enforcement matters. His understanding of cross functional dependencies supports management and key stakeholders in developing synergies across risk management functions. He previously worked as Director of Financial Risk Management at KPMG, Safety & Soundness Examiner at the Federal Reserve Bank of San Francisco and Head of Credit Risk Management at East West Bank. Jeff is a Certified Lending Business Banker (CLBB) and previously Uniformed Commissioned Examiner for Safety and Soundness.
- Led federal regulatory examinations and advisory engagements to test compliance with regulatory and accounting requirements for ALLL, including FAS 5, FAS 114, and FAS 15.
- Performed ALLL methodology assessments at mid to large sized institutions to assess adequacy of ALLL policy, methodology, documentation, compliance with regulatory and accounting guidance, and adequacy of controls. Scope included ASC 450 (FAS 5) and ASC 310 (FAS 114) components of the ALLL, as well as qualitative factors. Evaluated existing impairment methodology, accounting, and policy to identify gaps and compliance with US generally accepted accounting principles (US GAAP) and existing regulatory requirements. Assessed ALLL methodology to ensure consistent application resulting in accurate ALLL results from period to period.
- Lead engagement manager for a Top 5 U.S. bank to develop adequate and efficient processes to (1) identify data gaps, (2) define ALL parameters, and (3) ensure data integrity, before such data is used as inputs into the allowance estimation process. Evaluated the appropriate level of governance and oversight over the allowance estimation process. Enhanced governance framework and control environment resulting in more efficient and effective internal controls while creating synergies the appropriate level of interaction between departments and functions. Identified financial reporting improvement opportunities by recommending sufficient disclosures in regulatory reports, financial statements, and investor communications to share relevant information with the institutions key stakeholders related to the allowance estimation process.
- Supported multiple institutions in the design, implementation and training of a robust cost efficient ALLL framework and process to evaluate and identify the need for qualitative adjustments. Designed and improved segmentation of portfolios that resulted in the identification of over and/or under reserved loss pools. Developed portfolio analytics, metrics, and back-testing techniques that allowed institutions to validate the allowance estimation models. Benchmarked institutions against leading industry practices to estimating allowance for loan losses.
- Led an SOP 03-3 evaluation for FDIC-assisted transactions for a high-profile merger of two of the top 10 U.S. Banks, resulting Fed approval of merger.
- Designed and Implementation of Risk Rating Systems for US Banks including scorecards.
- Led the design, implementation and training for complex risk based portfolio assessments with empirical/judgmental risk weightings.
Areas of Expertise
- Regulatory Relations
- Compliance Risk
- Credit Risk Management & Measurement
- Commercial & Consumer Lending
- Lender and Portfolio Due Diligence
- Capital Adequacy
- Financial Services
- Real Estate
- B.S. – Economics, University of San Francisco
Professional Memberships & Certifications
- Certified Lending Business Banker (CLBB)
- Uniformed Commissioned Examiner for Safety and Soundness