MBA Director at Mercadien P.C., Certified Public Accountants
Jorge Olazagasti is a director with Mercadien P.C., Certified Public Accountants, and member of the firm’s Financial Institutions Services Group. He is responsible for completing audit testing and agreed-upon procedures, performing audits, and overseeing risk assessment projects and related monitoring, portfolio analytics, capital stress testing, reporting and compliance activities for commercial and community bank entities.
Mr. Olazagasti has more than 20 years of progressive banking industry experience in all areas of enterprise risk management, including credit, operational and strategic, as well as expertise in commercial, residential and consumer loan review and portfolio management, allowance for loan and lease losses (ALLL), asset and liability management, regulatory compliance, CAMELS Risk Assessment, and corporate policymaking.
Prior to working with Mercadien, Jorge was a senior vice president with Customers Bank, where he managed all aspects of the enterprise risk assessment process and capital stress testing, and as vice president with First Bank Puerto Rico, leading the Commercial Credit Risk Management Area, including commercial loan review and ALLL process. He also steered the project to automate the ALLL process for this financial institution and was an active member of several management committees in risk, portfolio management and credit. Previously, Mr. Olazagasti was vice president in lending risk management with Doral Bank. He was a senior credit officer for the consumer, residential mortgage, and commercial loan portfolios; he also reviewed loans, data analytics and profitability; developed credit policies; and handled management reporting.
As vice president of the credit division of Popular Auto, Mr. Olazagasti was responsible for managing the commercial lending function for vehicle, equipment, marine and aviation finance business lines and the associated credit risks, strategy, and policy development. He also held positions as a business development manager for home equity loan and sales finance offices for a subsidiary of Wells Fargo and as an assistant vice president and branch manager for a retail bank.
Personal Fact: Jorge resides in Reading, PA and is fluent in Spanish.
Jorge Olazagasti, MBA, Director & Melissa Correa, CRCM, Manager, of Mercadien’s Financial Institutions Services Group presented a webinar Credit Risk Management During Uncertain Times on Thursday, August 27th. During the webinar, they went over: The immediate impact of the pandemic on credit risk management Reviewing state specific lending initiatives How to monitor initiatives & delinquencies How…Read More
The Mercadien Group is pleased to announce that its affiliate company, Kingstonville-Mercadien JV, LLC, has been awarded a five-year contract with the U.S. Small Business Administration (SBA) to provide risk-based review and risk oversight support services for the Certified Development Company (CDC)/504 Loan Program, administered through the Offices of Capital Access and Credit Risk Management.…Read More