Ivan Alvarado
Milton,Canada
Summary
Financial services professional with over 20 years of experience in credit risk management across diverse industries and portfolios, including corporate, commercial, consumer, retail, and problem loans. Proven ability to drive growth and productivity while achieving business objectives in dynamic environments. Expertise in talent development, project management, and leading cross-functional teams. Communicates well with executives, leadership, staff, and clients, with complete fluency in English and Spanish.
Overview
26
26
years of professional experience
2
2
Certifications
Work History
Director, Credit Risk Audit
Bank of Nova Scotia
Toronto, Canada
01.2021 - Current
- Provided an independent opinion on the design and operating effectiveness of internal controls over the management of credit risk of Corporate & Commercial Banking in Canada, and Latin America. For these portfolios we also assessed the oversight and adjudication activities undertaken by Global Risk Management (GRM) and adequacy of the Credit Administration support provided by Back Office units.
- Led regulatory reviews calling for an effective 3rd line of defense challenge to ensure Bank’s compliance to the guidelines provided by OSFI and Basel Committee on effectiveness of Risk Data Aggregation and Risk Reporting (RDARR) capabilities as well as on adequacy of controls and frameworks required for the use of internal ratings-based methodology for the estimation of Capital requirements.
- Conducted internal assessments regarding the design and operating effectiveness of internal controls over Non-Financial risks (Environmental Risk, Data Quality) as well on strategic and operational readiness on specific internal key initiatives specific to Business Banking Credit processes.
- Led the Annual Audit Plan process for the Canadian Commercial risk stream for which I am the risk owner ensuring proper coverage of financial and non-financial risks over the next 3-year cycle.
- Supported oversight activities of the Bank as an effective 3rd line challenge of the internal Industry concern rankings & outlooks performed by several GRM groups through independent reviews and addressing significant gaps as required.
- Coached & mentored a team of senior direct reports and supervised staff in the audit and execution of assignments including the appropriate nature and extent of audit coverage.
- Commercial Bank
Senior Vice President, Risk Underwriting
GE Capital
Mississauga, Canada
01.2019 - 01.2021
- Spearheaded daily underwriting and portfolio monitoring activities for Aviation globally and Healthcare across North America, Europe, and Asia Pacific regions.
- Conducted key planning reviews focused on company capabilities, resource alignment, and optimal asset allocation.
- Coordinated with Clients as well as other internal functions (originations, finance, capital markets, and legal) during funding cycles ensuring that monetization rates are maximized in compliance with policies and procedures.
- Working Capital Solutions
Senior Risk Manager
GE Capital
Mississauga, Canada
01.2013 - 01.2019
- Led all day-to-day activities associated with underwriting and portfolio monitoring processes for Aviation and Transportation globally, and Healthcare North America.
- Managed a team of overseas analysts which provided ongoing support to the Risk teams globally ensuring that all documentation (WCS’ credit writeups and generation of control reports including 'conditions monitoring trackers') adhered with company policies.
- Working Capital Solutions
Senior Risk Underwriting Leader
GE Capital
Mississauga, Canada
01.2009 - 01.2013
- Working Capital Solutions
Senior Manager, Credit Risk Audit
Bank of Nova Scotia
Toronto, Canada
01.2005 - 01.2009
- Commercial Bank
Credit Risk Specialist
Banco De Guayaquil S.A.
Guayaquil, Ecuador
01.2002 - 01.2003
- Commercial Bank
Regional Director/Project Leader
Dinamica
Guayaquil, Ecuador
01.2000 - 01.2002
- Management Consulting
Education
MBA -
University of Toronto
Toronto, ON06-2006
Bachelor of Arts - FINANCE
University of South Carolina
Columbia, SC05-1994
Skills
- Credit risk assessment
- Portfolio monitoring
- Stakeholder engagement
- Client relationship management
- Strategic planning
- Analytical thinking
- Organizational leadership
- Regulatory compliance
- Internal auditing
- Policy development and implementation
- Internal controls evaluation
- Data analysis
Certification
Chartered Professional Accountant (CPA)
Chartered Professional Accountants of Ontario, Toronto, ON, 2014
Chartered Professional Accountants of Ontario, Toronto, ON, 2014
Awards
- Nominated for “Best of the Best” Award for Global Audit’s Annual Celebration for “Best Individual Performance”, Scotiabank, 2022 and 2023
- Received “Impact Award” for Successfully Coordinating Execution of the Biopharma Business Divestiture (North America), GE Capital, 2020
- Recognized at WCS’ “All Employee Meeting” for Managing the Aviation Portfolio - $2.5BN in Assets- Through the Pandemic Without Incurring Losses, GE Capital, 2020
- Recognized at WCS’ “All Risk Call” with “Leadership” Award for Successfully Integrating the Healthcare US-Can Portfolio and Its Underwriting Risk Team, GE Capital, 2018
Professional Organizations
CPA Ontario Association, Member
Timeline
Director, Credit Risk Audit
Bank of Nova Scotia
01.2021 - Current
Senior Vice President, Risk Underwriting
GE Capital
01.2019 - 01.2021
Senior Risk Manager
GE Capital
01.2013 - 01.2019
Senior Risk Underwriting Leader
GE Capital
01.2009 - 01.2013
Senior Manager, Credit Risk Audit
Bank of Nova Scotia
01.2005 - 01.2009
Credit Risk Specialist
Banco De Guayaquil S.A.
01.2002 - 01.2003
Regional Director/Project Leader
Dinamica
01.2000 - 01.2002
MBA -
University of Toronto
Bachelor of Arts - FINANCE
University of South Carolina