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Asset Liability Management Services & Consulting

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Who We Are

WesCorp’s Financial Solutions Group (FSG)

With good risk management you can create better products for your members, and improve your financial performance. FSG will help you manage risk and uncover hidden opportunities in your balance sheet. The group will make recommendations to help you:

• Validate your business plans and strategic goals.
• Test new product and service offerings using “what if” scenarios.
• Review current product applicability and competitiveness.
• Identify and quantify the risk in your balance sheet.
• Prepare a practical plan to manage that risk.
• Find new sources of revenue.
• Evaluate existing ALM processes.
• Incorporate staff and/or Board training if desired.

Meet the Experts                              

Dee earned his bachelor’s degree from C.W. Post Center of Long Island University in Greenvale, New York, and his master’s degree at Pace University, New York.

Bill Verret
Senior Interest Rate Risk Consultant

Bill Verret’s primary responsibility within WesCorp’s Financial Solutions Group is working with members to analyze their balance sheets and identify areas of risk and opportunity. He has been a part of the financial services industry for over 17 years.

Prior to joining WesCorp, Bill was Vice President of Financial Planning and Analysis for Downey Savings and Loan. His group was responsible for the bank’s interest rate risk measurement, strategic planning, budgeting, Mortgage Servicing Rights (MSR) valuation, ALCO reporting, and various components of financial, SEC, and regulatory reporting.

Prior to his position at Downey Savings, Bill was Vice President at Hawthorne Savings where he was also responsible for the bank’s interest rate risk measurement, strategic planning, budgeting, and ALCO reporting functions. Bill was also an Assistant Vice President in the Treasury and Secondary Marketing departments at Home Savings of America where he also held positions in the real estate owned and accounting departments.

Bill received his Bachelors of Finance from Louisiana State University in Baton Rouge, Louisiana.

For more than 26 years, David Scott has excelled in the world of finance. Currently, he’s applying his experience within WesCorp’s Financial Solutions Group, where his primary responsibility is working with members to analyze their balance sheets and identify areas of risk and opportunity. David also provides balance sheet management education to ALCO and Board of Directors, participates in strategic planning sessions and speaks at WesCorp events on asset/liability management topics.

Prior to joining WesCorp, David worked at Home Savings of America in the mergers and acquisitions group and in the retail banking division. David’s career covers work in a number of different capacities in the financial services industry. His experience includes working for a banking regulatory agency and commercial lending.

David received his Bachelor of Business Administration Degree from Loyola Marymount University. He is also a graduate of Western CUNA Management School, Gamma Class of 2005.

Dan Kokoszka, with more than 20 years of corporate financial experience, is currently responsible for identifying and quantifying the interest rate risk that resides in member credit union balance sheets. In addition, he performs various "what-if" analyses to fit the individual needs of WesCorp’s clients.

His prior experience includes leading the fixed income team that managed institutional client accounts in the Core-Plus bond investment style at Wells Capital Management. In addition, he managed the multi-sector and corporate bond mutual funds. Previously he worked for Bradford & Marzec where he was on the international bond portfolio management team. He also worked for the Lockheed Corporation in the corporate finance, mergers and acquisitions and venture capital areas.

Dan holds the Chartered Financial Analyst (CFA) and Certified Management Accountant (CMA) designations. In addition, he holds an MBA, corporate accounting and applied economics from the University of Rochester, Rochester, N.Y., a master’s from George Washington University, Washington, D.C. and a bachelor’s degree from Villanova University, Villanova, PA. He also passed the Certified Public Accountant exam in 1993.

As an Interest Rate Risk Consultant within FSG, Dan’s primary responsibility is working with members to analyze their balance sheets, identify areas of risk and opportunity for the members, and help members manage to their capital adequacy targets.

Dan has been in the financial services industry for more than 19 years, 15 of which have been in credit unions. Prior to joining the FSG team, Dan’s experience at WesCorp includes building and managing the corporate credit union’s nearly $1 billion loan participation program for member credit unions and overseeing the secondary marketing activity for these loan assets. He also served as a securities and counterparty credit analyst for WesCorp’s own investment portfolio.

Before joining WesCorp, Dan worked at Security Pacific and Bank of America where he held various management positions in correspondent and commercial banking units. Dan has a Bachelors degree in Business Administration with an emphasis in Finance from California State University, Fullerton, and a Masters degree in Business from California Polytechnic University, Pomona. He is also a graduate of Western CUNA management School, Zeta Class of 2008.

Ernst Soriano has been in the financial services industry for more than 18 years. In 2007, he made the switch from banks to credit unions working for WesCorp’s FSG team, where he conducts extensive asset/liability analyses for credit unions regarding interest rate risk assessment.

Prior to his time at WesCorp, Ernst finished his time in the banking industry as AVP for Downey Savings and Loan Association where he performed extensive asset/liability analyses of the institution’s interest rate risk exposure and composed long-term balance sheet and income forecasts for the institution’s senior management.

Previous to that, Ernst worked at Vineyard Bank in Irvine as an Asset/Liability Manager. There, he oversaw the monthly interest rate risk and net income exposure analyses along with conducting pre-purchase securities analyses to measure the impact on the firm’s theoretical market value in various rate environments.

Ernst began his career at Western Federal Savings Bank where he was a Senior Accounting Analyst. There, he was responsible for the financial reporting of the company’s mortgage backed securities investment portfolio, and provided data on market value, gains, losses, and liquidity of the securities.

Ernst received his higher education at Loyola Marymount University in Los Angeles where he earned a degree in Business Administration, a minor in Economics, and followed that by earning his MBA, also at Loyola Marymount.

Vince Herman manages WesCorp’s extensive efforts in developing risk management and derivative hedging solutions for credit unions. Vince’s background encompasses more than 20 years of finance and derivative product experience with investment banks, Fortune 500 companies, hedge funds, municipalities, and most recently, credit unions.

Prior to joining WesCorp, Vince was the co-founder of the Infiniti Advisory Group LLC, a Chicago-based financial advisory firm providing risk management and financial derivative advice to state, city and county municipalities.

Before Infiniti, Vince spent over six years with First Chicago/Bank One in Chicago as a Vice President managing the Institutional Derivatives Marketing Group as well as creating the bank’s structured derivative products unit. Vince was also responsible for teaching the derivative portion of the bank’s analyst training program. Additionally, he spent two years with NationsBank CRT in Chicago structuring and marketing interest rate derivatives to financial institution and hedge fund clients.

Prior to his time in Chicago, Vince spent more than six years with Lehman Brothers Inc. in New York, trading and risk-managing interest swap and mortgage derivative product portfolios. He also spent four years with Bankers Trust Company in New York, trading and managing interest rate and municipal swap portfolios, as well as establishing the structured derivative product operations group, which handled all operational concerns for non-standard derivative transactions.

Vince holds a bachelors degree in Finance with minors in Economics and Marketing from Pennsylvania State University in University Park, PA.