With more than 17 years of consulting experience, Mr. Schmeiser specializes in delivering complex performance improvement initiatives with clients in retail and commercial banking, mortgage servicing, private equity, capital markets and insurance. Mr. Schmeiser has extensive management experience in the areas of wind downs, merger/integrations, divestitures, carve-outs, revenue improvement and cost reduction. Mr. Schmeiser has also managed several projects within the front, middle and back offices of large financial institutions.
For the past eight years, Mr. Schmeiser has led the wind down of all business units and back office functions for Aurora Bank FSB. During this time, he has been responsible for managing claims defense on origination and servicing errors, legal and in-house managed litigation strategy, human resources and staffing plans, reducing footprint of information technology and hard copy documents and finance and accounting. He also managed outside counsel on class action, lender, employee and government agency (DOJ) cases and led the final dissolution of Aurora – orderly dissolution or bankruptcy.
Mr. Schmeiser led the Transition Management Office at Aurora where he prepared it for sale and developed strategies for transition to new buyers. In this role, he mapped fixed assets to the three core business units; Residential Servicing, Consumer Bank (Charter) and Commercial Servicing and led a team of client resources responsible for modeling various sales scenarios. Mr. Schmeiser also led the transition and boarding of residential and commercial loans to multiple buyers and worked with the regulators (OCC) to return the bank charter.
While working with a large thrift bank, Mr. Schmeiser led a cost reduction project across all G&A functional groups including IT, risk management, audit, HR, finance/accounting, quality control and reporting where he identified $35M of savings through redesigned processes and organizational charts, headcount reduction and restructuring day-to-day operations.
Mr. Schmeiser earned a bachelor's degree in business management with a focus in accounting and finance from Gettysburg College. He also studied at Charles University in Prague, Czech Republic. Mr. Schmeiser recently held a treasurer and board level position of a non-profit organization based in New York City.