Oliver Petit
About Oliver Petit
Oliver Petit serves as the Vice President and Quantitative Analyst for Comprehensive Capital Analysis and Review (CCAR) at City National Bank, where he focuses on financial modeling and reporting for stress testing. He has a background in finance, having held positions at Merrill Lynch, Bank of America, and Union Bank, and holds a Bachelor of Science degree in Civil Engineering from the University of Wisconsin-Madison.
Work at City National Bank
Oliver Petit serves as the Vice President and Quantitative Analyst for Comprehensive Capital Analysis and Review (CCAR) at City National Bank. He has been with the bank since 2015 and is a key member of the Quantitative Risk Analytics Department. His responsibilities include financial modeling and reporting related to stress testing, which are essential components of the bank's risk management framework. He has contributed to the department since its inception, demonstrating a commitment to enhancing the bank's analytical capabilities.
Previous Experience in Finance
Before joining City National Bank, Oliver Petit held several significant positions in the finance sector. He worked at Bank of America as Vice President and Manager of Finance from 2004 to 2013 in New York, New York, where he gained extensive experience in financial management. Prior to that, he served as Assistant Vice President of Finance at Merrill Lynch from 1999 to 2003, also in New York. Additionally, he worked as a Finance Consultant at Union Bank for a brief period in 2014 to 2015 in Los Angeles, California.
Education and Expertise
Oliver Petit earned a Bachelor of Science (BS) degree in Civil Engineering from the University of Wisconsin-Madison, where he studied from 1994 to 1999. His educational background has provided him with a strong foundation in quantitative analysis, which he applies in his current role focused on CCAR processes. His expertise in financial modeling and risk analytics is a significant asset to his work at City National Bank.
Background in Quantitative Analysis
Oliver Petit specializes in quantitative analysis, particularly in relation to the Comprehensive Capital Analysis and Review (CCAR) processes. His role involves developing financial models and conducting stress testing to assess the bank's capital adequacy under various scenarios. This specialization is critical for ensuring compliance with regulatory requirements and for maintaining the financial stability of the institution.