Clifford Rossi Directory Page

Clifford Rossi

Clifford Rossi

Professor of the Practice & Executive-in-Residence

Ph.D., Cornell University

Contact

4465 Van Munching Hall

Dr. Clifford Rossi is an Executive-in-Residence and Professor of the Practice at the Robert H. Smith School of Business, University of Maryland. Prior to entering academia, Rossi had nearly 25 years’ experience in banking and government, having held senior executive roles in risk management at several of the largest financial services companies.

His most recent position was Managing Director and Chief Risk Officer for Citigroup’s Consumer Lending Group where he was responsible for overseeing the risk of a $300+B global portfolio of mortgage, home equity, student loans and auto loans with 700 employees under his direction. While there he was intimately involved in Citi’s TARP and stress test activities. He also served as Chief Credit Officer at Washington Mutual (WaMu) and as Managing Director and Chief Risk Officer at Countrywide Bank.

Previous to these assignments, Rossi held senior risk management positions at Freddie Mac and Fannie Mae. He started his career during the thrift crisis at the U.S. Treasury’s Office of Domestic Finance and later at the Office of Thrift Supervision working on key policy issues affecting depositories. Rossi was also an adjunct professor in the Finance Department at the Robert H. Smith School of Business for eight years and has numerous academic and nonacademic articles on banking industry topics. Rossi is frequently quoted on financial policy issues in major newspapers and has appeared on such programs as C-SPAN’s Washington Journal and CNN’s Situation Room. He is currently writing a book, Fundamentals of Risk Management for John Wiley & Sons, Inc. His policy and research interests include GSE reform, housing finance reform , bank capital issues and implications of Dodd-Frank on banking.

Rossi writes a weekly column called "Risk Doctor" for American Banker.

News

Students’ Challenge: Helping Fannie Mae, Freddie Mac Manage Risk

In their seven-week experiential learning projects, master’s of quantitative finance students are given a task that realistically would…

Read News Story : Students’ Challenge: Helping Fannie Mae, Freddie Mac Manage Risk
How Maryland Smith Is Helping the FDA Think About Drug Manufacturing and Risk

Pandemic-era disruptions underscored a troubling reality in the pharmaceutical industry – an outsized reliance on foreign manufacturers…

Read News Story : How Maryland Smith Is Helping the FDA Think About Drug Manufacturing and Risk
First-of-its-kind Collateral Risk Education Series Launches Sept. 14

Series Focused on Mortgage Industry to be delivered by Maryland Smith, Collateral Risk Network

Residential collateral risk…

Read News Story : First-of-its-kind Collateral Risk Education Series Launches Sept. 14

Insights

Is It Time for Financial Climate Risk Regulation?

It’s Needed, But the U.S. May Not Be Ready Yet, Smith Expert Testifies

Read the article : Is It Time for Financial Climate Risk Regulation?
What’s Ahead for Mortgage Rates?

Predictions for the Future of the Housing Market

Read the article : What’s Ahead for Mortgage Rates?
Lessons from Citi’s Revlon Error

And what other banks can learn from it

Read the article : Lessons from Citi’s Revlon Error
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