Laetitia Dowd

Movement Foundation and Movement Schools CFO | Board Member | Owner of Dowd Advisory, LLC

Charlotte, North Carolina, United States Contact Info
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About

The first half of my career (20+ years or so) was dedicated to charging ahead. I rushed through college, immigrated thanks to a merit-based scholarship for an MBA and later an MSc, embarked on an energy trading, capital markets and banking career, climbed upward and eventually became CFO for Wells Fargo’s Markets business. A first half building experience in a competitive and highly regulated industry where I was taught how to develop and implement programs to meet new banking regulations, optimize returns for a business, build winning teams, fail a lot and recover from mistakes faster. During that time, I also made long lasting friendships and met mentors who still keep me grounded and tell me when I go wrong (not always easy stuff to hear, but necessary). To this day, my close friends and mentors are my “board of directors”.

As I enter my 2nd half, I am taking stock of what is close to my heart and brings me energy – my family, strong friendships who value deep conversations, creating roots in my adopted country and community, peace and equity, and, have fun too! I also still love the reward of putting together a great strategy with a team, being thoughtful about the details, and celebrating successes. I like implementing a strong plan. I want to share everything I know and learn new tricks. What strikes me as I think of what’s next is that my community is 50th out of 50 in terms of upward mobility (https://doi.org/10.1093/qje/qju022). A child born in Charlotte, NC, the 2nd US banking center, is likely to remain in poverty their entire life. So there is a lot of work to do. Many organizations, mostly nonprofits are digging in the research, and helping transform Charlotte. My goal is to join them and participate in the rebuild of an equitable community. To this end, I leverage leadership and financial skills to support nonprofits, small businesses and start-ups whose mission is focused on social impact by serving as a board member or providing CFO consulting services. In addition, no community can thrive without a strong network of community banks, and my goal is to share my experience about managing risk, setting governance, and develop a winning strategy as an advisor or as an independent board member.

Activity

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Experience

  • Movement Foundation Graphic

    Chief Financial Officer

    Movement Foundation

    - Present 7 months

    Charlotte, North Carolina, United States

  • Movement School Graphic

    Chief Financial Officer

    Movement School

    - Present 7 months

    Charlotte Metro

  • Founder, CEO

    Dowd Advisory

    - Present 1 year 3 months

    Charlotte, NC

    The post-pandemic environment added new challenges for nonprofits and small or new businesses CFOs. Controllers skills are essential but no longer sufficient as board members and donors or investors expect organizations to successfully navigate inflation, outsourcing, and greater risks, all in a context of tighter resources.
    We will help you develop a CFO function you can rely on as a strategic partner to fulfill your mission.
    Our offering includes:
    - Mission Ready – Leverage…

    The post-pandemic environment added new challenges for nonprofits and small or new businesses CFOs. Controllers skills are essential but no longer sufficient as board members and donors or investors expect organizations to successfully navigate inflation, outsourcing, and greater risks, all in a context of tighter resources.
    We will help you develop a CFO function you can rely on as a strategic partner to fulfill your mission.
    Our offering includes:
    - Mission Ready – Leverage Budgeting Cycles As a Strategic Tool
    - Financial Metrics – The Key Mission-Driven Metrics Your Board, Donors or Investors Want to See
    - Business Efficiency – Evaluate Operating Effectiveness and Find Efficiencies
    - Team Performance - Setting up Your Financial Staff for Success

    Expand your social impact and influence your organization’s success.
    Reach me at ld@dowdadvisory.com

  • Board Member | Co-Chair of the Educational Equity Commitee | Member of the Investment Sub Committee

    Communities in School of Charlotte Mecklenburg

    - Present 1 year 3 months

    Charlotte, North Carolina, United States

    The mission of Communities in Schools (CIS) is to surround students with a community of support, empowering them to stay in school and achieve in life. Working directly inside schools, CIS connects students to caring adults and community resources to help them succeed inside and outside the classroom and reach their greatest potential. Currently CIS Charlotte provides school-based support in 56 CMS schools to 5,000+ students. The annual operating budget is $10.4 million with major supporters…

    The mission of Communities in Schools (CIS) is to surround students with a community of support, empowering them to stay in school and achieve in life. Working directly inside schools, CIS connects students to caring adults and community resources to help them succeed inside and outside the classroom and reach their greatest potential. Currently CIS Charlotte provides school-based support in 56 CMS schools to 5,000+ students. The annual operating budget is $10.4 million with major supporters including CMS and Mecklenburg County.

  • Wells Fargo

    Wells Fargo

    8 years 9 months

    • Wells Fargo Graphic

      CFO of CIB Markets | Corporate Investment Banking

      Wells Fargo

      - 1 year 1 month

      United States

      Restructured and led a team to oversee financial strategic planning and establish a performance review routine for the Corporate and Investment Banking – Markets segment, a $300 billion in assets / $5 billion revenue business. Focused on financial efficiency and expense management in the context of tight balance sheet, capital and liquidity constraints.

    • Wells Fargo Graphic

      Head of Financial Planning and Analysis | Corporate Investment Banking

      Wells Fargo

      - 1 year 9 months

      Restructured and led a team to provide financial updates to executive management, the board of directors, and investors, for the Corporate and Investment Banking segment, a $500 billion in assets / $15 billion revenue business; focused on quality and sustainability of processes and developing a collaborative culture. Proposed actions to improve financial performance and risk profile as the firm navigated balance sheet constraints.

    • Wells Fargo Securities Graphic

      Head of Capital and Returns | Wells Fargo securities

      Wells Fargo Securities

      - 2 years 5 months

      Charlotte, North Carolina

      Created and led a team to develop return on investments analytics for the firm’s Markets activity, including a review of trading and hedging strategies, inventory turnover, and margin for specific trading desks. The team successfully developed quantitative modeling changes and improved data feeding the models to optimize returns of the $200+ billion trading portfolio.

    • Wells Fargo Graphic

      Market and Counterparty Risk Model Oversight

      Wells Fargo

      - 3 years 9 months

      Charlotte, North Carolina

      Created and led a new modeling oversight program and team covering 250+ models used to price transactions, assess risk, and measure capital adequacy for the firm’s Markets activity. Established a strong risk culture; authored and implemented company policies and procedures as well as a new senior management committee to oversee the program.

  • Bank of America Graphic

    Capital Management Strategy

    Bank of America

    - 2 years 9 months

    Charlotte

    Designed and implemented production processes to forecast, allocate and manage capital efficiently in the context of newly published Basel regulatory capital rules, and business growth. Focused on process efficiency, transparency, documentation, and controls. Established a culture of good team work - the role involved coordinating 50+ business partners.

  • Founding Board Member and Treasurer

    Wiskott Aldrich Foundation

    - 4 years

    Participated in the founding of a non profit created to fund families impacted by the Wiskott-Aldrich syndrome (a rare X-linked recessive immunodeficiency disorder), as well as to fund research.

  • Federal Home Loan Bank of Atlanta Graphic

    Manager of Financial Risk Modeling

    Federal Home Loan Bank of Atlanta

    - 4 years 6 months

    Led a team of 7 to forecast income and analyze market risk for a $200 billion balance sheet. Managed the redesign of reporting and forecasting routines, focused on speed to delivery and quality of analysis delivered to executive management, the asset and liabilities committee, the board of directors, and regulators. A key project was to significantly improve financial models used to analyze the credit risk associated with a $20 billion portfolio of mortgage-backed securities.

  • PRMIA Atlanta Graphic

    Board Member

    PRMIA Atlanta

    - 1 year

    Helped establish a new PRMIA chapter in Atlanta, GA (member of the Steering Committee)

  • International Rescue Committee Graphic

    Volunteer

    International Rescue Committee

    - 1 year

    Helped a family victim of the Rwandan genocides relocating from refugee camps in Tanzania to Atlanta, GA.

  • Credit Suisse First Boston Graphic

    Investment Banking Associate | Energy Practice

    Credit Suisse First Boston

    - 1 year

    Developed financial modeling and negotiation skills to support mergers & acquisitions, debt restructuring transactions, debt & equity financing, and dividend payouts strategies for large corporations in the energy sector.

  • Mirant Graphic

    Senior Financial Analyst

    Mirant

    - 6 years

    Developed financial modeling and reporting, risk monitoring, performance review, and negotiations skills pertaining to managing a portfolio of power plants as well as gas and oil storage established in deregulated markets (18,000-megawatts; $8.5 billion revenue portfolio). Practiced financial scenario modeling in support of key transactions such as financial restructuring negotiations with bondholders and other stakeholders.

Education

Languages

  • French

    Native or bilingual proficiency

  • English

    Native or bilingual proficiency

  • Spanish

    Limited working proficiency

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