Joe Posavec joined Newmark Valuation & Advisory as an Executive Vice President in the Bank Credit Risk Solutions Specialty Practice. He has in-depth expertise with many aspects of banking, credit and regulatory compliance.
Based in Irvine, California, he brings 30 years of experience in real estate, capital markets, banking and technology to the practice. Posavec specializes in addressing compliance and risk challenges for some of the world’s largest banks and is known for identifying opportunities to revitalize banking technology with cutting-edge solutions. He is experienced with flood insurance compliance, as well as ESG and CCAR compliance. His work has also encompassed bank M&A, private and government secondary loan markets, CMBS and MBS.
Prior to Newmark, Posavec served as a Managing Director in Cushman & Wakefield’s Banking & Regulatory Solutions group, where he managed nationwide, regulatory bank projects. Previously, he worked as a consultant creating stress test models that could be applied to regional and community banks, as well as audits for the FDIC and M&A activity.
Professional Affiliations
- Mortgage Bankers Association (MBA) member, 2003-Present
- Risk Management Association (RMA) member, 2018-Present
- Board Member, CefPro (fintech advisory board), 2018-Present
- Institute of International Bankers (IIB) member, 2021-Present
- American Bankers Assoc. ABA – Flood Working Group, 2019-Present
Education
Posavec attended Sheridan College of Applied Arts and Technology in Oakville, Ontario, Canada. Subsequently, he transitioned to economics at the University of Toronto in Mississauga, Ontario, followed by pursuit of a Masters in Business Management at the University of Essex in Colchester, England.