Chesapeake Risk Advisors, LLC offers risk management advisory, training and thought leadership services for the financial services sector. The company was founded in 2009 by Dr. Clifford Rossi, a seasoned veteran in banking, government-sponsored enterprises and federal banking agencies with nearly 25 years of experience.
UNPARALLELED RISK MANAGEMENT EXPERTISE
Dr. Rossi is credited with developing the mortgage industry’s first statistically-based automated underwriting scorecards for FHA and VA loans, and was on the original development team for Freddie Mac’s automated underwriting system, Loan Prospector. He has several co-patents on mortgage structured products and has held senior executive roles in risk management including the title Chief Risk Officer at some of the largest financial services institutions in the US. Dr. Rossi authored the practitioner and graduate textbook, A Risk Professional’s Survival Guide – Applied Best Practices in Risk Management. He serves as Academic Director of the ABA’s Enterprise Risk Management Advanced Training Program and of the MBA’s Advanced Risk Management for Mortgage Pros. He received his PhD from Cornell University.
Chesapeake Risk Advisors, LLC has been engaged by a wide variety of clients including some of the largest commercial banks, federal regulatory agencies, mortgage insurance companies, community banks, credit unions, Federal Home Loan Banks, asset management companies and private equity firms, among others.
Example engagements include advising on development of ERM frameworks and risk appetite statements, validating complex statistical models used for loan loss reserving and loss forecasting, evaluation and recommendation of portfolio management tools and development of statistically-based credit and interest rate risk models