David Ortiz is a Managing Director of the Foundational Risk Management team for BMO Financial Corporation (“BFC”). In this capacity, David provides leadership and guidance in implementing a consistent, efficient, intuitive, dynamic and comprehensive Risk Identification, Risk Appetite and Risk Culture processes within the firm. In addition, David provides analysis and leadership to support the successful delivery of BFC’s Comprehensive Capital Analysis and Review (CCAR) and the completion of related regulatory matters, with process and outcome improvements to CCAR deliverables, incorporating regulatory expectations and leading peer practices. He provides project management, analysis and implementation to ensure efficiency and productive utilization of capital across BFC and other U.S. BMO entities, to optimize risk/return equation and improve returns on capital.
His role provides insight into U.S. regulatory issues and into BFC risk and finance matters to ensure that the BFC CRO and the BFC CEO are well informed as to CCAR and capital productivity issues, alternatives, opportunities and deliverables and that regulatory expectations for BFC are managed and exceeded, and that BFC’s returns are improved. He plays a leadership role in the review and challenge of finance, risk, business unit and other CCAR and related regulatory deliverables, including the annual CCAR capital plan, and the DFAST stress test results.
David Ortiz joined BFC in September, 2014, bringing extensive experience in portfolio management, loss modelling, CCAR risk evaluation and stress testing, and targeted analysis of FR Y-14 Wholesale loan level data trends, as Assistant Vice President/Officer/Head of the Wholesale Credit Risk Center & Credit Risk at the Federal Reserve Bank of Chicago.
Previously, David was a Senior Portfolio Manager with Pioneer Investments, managing the corporate securitization platform. David Ortiz also served as Partner and Head of Private Placements for Asset Allocation & Management Company, where he managed corporate and asset backed securities portfolios for the firm’s insurance company clients. David began his career as an Investment Analyst involved in middle market direct landing and private placements as part of Prudential Capital Group. He holds a B.S. in Business from Miami University and an MBA in Finance, from the University of Chicago. He is a Chartered Financial Analyst and a Member of the CFA Society of Chicago.