January 23, 2012

New Co-Regional Director to lead the DC Chapter

PRMIA announces today the appointment of Steven Lee as the new Co-Regional Director of the Washington DC Chapter.

In his many previous roles, including his current position as the Managing Director of Global Client Consulting, he has worked extensively with major financial institutions in the United States and across the Asia-Pacific region (Singapore, Australia, Hong Kong, Japan) including some of the largest and prestigious global and regional financial institutions. His experience includes implementing governance, technology & operational risk solutions, information security and internal controls across various lines of business such as Consumer Banking, Treasury, Asset Management, Private Banking and Securities Brokerage business operations and technology processes. He led risk identification, assessment and implementation of internal controls at several large global financial institutions and corporates, covering business front office, middle, back office and technology processes, and across multiple locations in the Asia-Pacific region and the US. He also designed and implemented a continuous controls monitoring and risk indicators reporting program for a large bank’s operations across the Asia-Pacific region. Steven also developed and directed implementation of bank wide information security, crisis management, contingency planning and business continuity program covering front, middle, back-office and technology operations for a top global bank for its regional operations in Asia.

Steven Lee will replace Christopher Laursen as the Co-Regional Director of the DC Chapter, and will serve alongside Thomas Day. As chapter leader, he and the DC Steering Committee plan to encourage risk professionals and regulators to engage each other on common challenges. They hope to create a platform for active dialogue and engagement among members and the industry across a wide range of risk agendas. Many of these are highly challenging and still need much clarity to support effective implementation in our respective environments: boards, management, front office, middle office, back office, as well as covering global & cross-border considerations, regulatory challenges, dealing pro-actively with incentive structure dislocations and misalignments. He feels that PRMIA events, education, continuing learning, newsletters, and many other avenues provided should center around raising the bar, to bring to our members what is truly beneficial towards their advancement and careers as regulators and risk professionals. They hope to mobilize and energize our members to engage actively PRMIA and each other, using PRMIA as the platform towards these objectives.

PRMIA would like to acknowledge the Steering Committee members of the DC chapter, who will help the chapter achieve its goals. Please find the members below:

• Marlon Attiken, IBM
• Oluwaseyi Awoga, Consultant
• Paul Bond, Paul Bond and Company
• Jim Embersit, Ernst & Young
• Pamela Gogol, FHFA
• David Green, Angel Oak Capital
• Ashtish Gupta, Fannie Mae
• Nicholas Kiritz, Constellation Energy
• Keith Ligon, FDIC
• Kennan Low, UBS Financial Services Inc.
• Timothy McDonald, Boston Private Bank & Trust Company
• Weihua Ni, Analyst
• Tim Prindle, Ofice of Thrift Supervision
• John Schwitz, Defense Intelligence Agency
• Lindsay Steedman, Federal Reserve Board
• Kevin Stemp, Office of Financial Stability

Posted by kristinlucas at 04:21 PM | Comments (0)

January 19, 2012

RISKJOURNAL - A QUARTERLY PUBLICATION OF PRMIA DC

Welcome to the Winter January 2012 issue of PRMIA DC's newsletter.
(Click here to view our Winter January 2012 issue)

We have just seen the close of 2011, a year which perplexes most of us who try to make sense of world events and global markets. Major world events seem to occur at will, and virus-like with far higher frequencies and in quick succession than could be expected from historical data. Many rare and extreme events just sprout out, and some of these include:

The Japan earthquake and tsunami that devastated lives and properties, raised risks of nuclear leaks and disrupted global supply chains,
The Arab-spring and middle-east uprising culminating in the fall of long established regimes - from Egypt to Libya,
The social unrest in the UK, one of the worst in decades, and the global Occupy movement that underly social frustrations from failing economies,
The soaring of sovereign debts of major OECD countries to unsustainable levels and the spate of policy accommodations and central bank easing actions to keep the economies going.

Continue reading "RISKJOURNAL - A QUARTERLY PUBLICATION OF PRMIA DC"

Posted by neil222966 at 05:51 PM | Comments (0)

December 12, 2011

PRMIA DC Steering Committee News

The DC Chapter is pleased to announce the following Steering Committee changes:

Steven Lee, New Deputy Regional Director
Steven Lee, Managing Director responsible for Governance, Risk & Compliance at Global Client Consulting. Mr. Lee's specialties include governance and enterprise risk management, and currently developing integrated compliance and risk management solutions for clients, specifically solutions around Volcker Rule implementation and Dodd-Frank compliance. He has more than 25 years international consulting, audit and risk management experience including work with some of the largest US, European and Asian financial institutions in the United States and across the Asia-Pacific region, including Singapore, Australia, Hong Kong and Japan.

One of his key reasons for taking an active role in PRMIA is to encourage risk professionals and regulators to engage each other on common challenges. He hopes to create a platform for active dialogue and engagement among members and the industry across a wide range of risk agendas. He feels that PRMIA events, education, continuing learning, newsletters, and many other avenues we provide should center around raising the bar, to bring to our members what is truly beneficial towards their advancement and careers as regulators and risk professionals. He hopes to mobilize and energize our members to engage actively PRMIA and each other, using PRMIA as the platform towards these objectives. He will seek to continue to improve our PRMIA platform for engaging our members and the industry, and propel ourselves as a premier organization that will be truly recognized by regulators, governments, and industry globally as THE VOICE on policy and risk matters.

Jim Embersit, New Steering Committee Member
Jim is the Executive Director – Financial Services Risk Management with Ernst & Young LLP. He advises E&Y global financial services clients on risk management issues and evolving supervisory policy trends with a focus on developing business-practical solutions to specific regulatory directives or concerns. Jim was formerly the Assistant Director of the Board of Governors of the Federal Reserve System, Division of Banking Supervision and Regulation. As a former Federal Reserve Official, he established regulatory/supervisory programs and standards for the risk management of banking organizations’ trading and dealer activities, interest rate and market risk exposures, funding and market liquidity exposures, investment securities portfolios, derivative activities, and counterparty credit risk exposures. Jim holds an MBA, an MA and is a CFA.

Jim will also serve on the chapter’s Advisory Committee.

Pamela Gogol, New Steering Committee Member
Pamela is a Principal Examination Specialist – Market Risk at FHFA. She previously managed liquidity and retirement portfolios for a state agency, consulted for a decade with clients including World Bank, Fannie Mae, Ginnie Mae, Ernst & Young, Zions Bank, Commerce Bank and Tradition Asiel, and earlier was Director of Capital Markets at Federal Home Loan Banks’ Office of Finance (16 yrs). Pamela holds an MBA and is a CTP.

Pamela will also serve as a member of the DC Programs Committee.

Oluwaseyi (Tony) Awoga, New Steering Committee Member
Tony holds a Masters of Accountancy degree from the Bowling Green State University, Ohio USA. Prior to venturing out to work as an independent consultant, he worked in the Internal Audit department of a secondary mortgage company where he evaluated the adequacy and effectiveness of business and accounting controls within the organization. Before joining Fannie Mae, he worked at Deloitte and PriceWaterhouseCoopers and provided auditing and financial consulting services to companies in the manufacturing, financial services, government and not-for-profit industries. He is a Certified Public Accountant (CPA) and a Professional Risk Manager (PRM).

Tony will also serve as the chapter's Treasurer.

Christopher Laursen, Resigning Co-Regional Director
Christopher Laursen has resigned his position of Co-Regional Director of the Washington DC chapter, due to unyielding demands from his current work. He will continue to serve the chapter as a member of the chapter’s Advisory Board. We would like to extend our thanks and gratitude to Chris for his time, energy and commitment to the PRMIA Washington DC chapter since his appointment in March 2010.

Thomas Day, existing Co-RD, and the Washington DC Steering Committee have begun a search for a candidate to fill this Co-Regional Director position.

Christopher Whalen, New Advisory Committee Member
Christopher Whalen has resigned his position on the Steering Committee, and will join the chapter’s Advisory Committee. As the former Regional Director of the Washington DC chapter from 2007 - 2010, Chris has had a tremendous influence on the chapter’s growth and success. We extend our sincere thanks to Chris for all that he has done for the Washington DC chapter and for PRMIA as a Regional Director and as a Steering Committee member. We look forward to his role on the Advisory Committee.

Posted by kristinlucas at 03:10 PM | Comments (0)

November 09, 2011

Annual Atlanta Risk Leadership Conference

PRMIA-DC introduce the exciting Annual Atlanta Risk Leadership Conference

Date: December 1, 2011
Location:

Federal Home Loan Bank of Atlanta
1475 Peachtree St., NE, Atlanta, GA 30309

Registration begins at 8:00 am
Conference ends at 5:00 p.m

Focus Areas:

The Future of ERM
The Latest Risk Management Best Practices
Impact of Basel III, Dodd-Frank
Stress Testing, Capital/Liquidity Modeling
Emerging Risks, Black Swans
Risk Reporting to Corporate Boards

Posted by neil222966 at 06:46 PM | Comments (0)

October 31, 2011

Third Annual Policy and Risk Symposium

The Ongoing Financial Crisis: What Is To Be Done?

JOIN US - SEE REGISTRATION DETAILS BELOW

November 7, 2011
L. William Seidman Center
Arlington, VA 22226

Consistently considered one of the most useful and productive conferences addressing global policy issues impacting the financial services sector, the FDIC Corporate University along with the Washington D.C. Chapter of the Professional Risk Managers’ International Association (PRMIA) cordially invite you to our 3rd Annual Policy and Risk Symposium. Registration details can be found below.

NOTE:

* ALL REGISTERED ATTENDEES WILL RECEIVE A FREE COPY OF PROFESSOR JOHNSON'S BOOK, "13 BANKERS - The Wall Street Takeover and The Next Financial Meltdown"

* PRMIA MEMBERS WHO HAVE REGISTERED BEFORE OCT 30 WILL ALSO RECEIVE A FREE COPY OF NICK DUNBAR'S BOOK, "THE DEVIL'S DERIVATIVES"

* REGISTER HERE

Continue reading "Third Annual Policy and Risk Symposium"

Posted by stelee at 05:20 PM | Comments (0)

October 28, 2011

PRMIA-DC is searching for New CO-Regional Director

The search for a new CO-regional director of PRMIA DC is still underway.

PRMIA-DC will review the candidates in the next week, and announce the new co-Regional Director in the Third Annual Policy and Risk Symposium on Nov. 7, 2011.

The search gives preference to internal candidates, people from PRMIA community, and also welcomes external candidates. PRMIA-DC accepts nominations and applications.

The CO-Regional Director is responsible for, among other things, the PRMIA-DC Chapter's development strategy, events, communications, and educations. PRMIA-DC has over 5000 members globally, around 400 of them living in DC/MD/VA area.

Chris Laursen has served as the co-Regional Director since 2010, and contributed to PRMIA-DC's great success in 2010 and 2011. Given the un-yielding demands of his current employment, especially the inflexible schedule, he is resigning as Co-Regional Director. Chris Laursen will still be with us in the Advisory Board for DC Chapter.

Candidates can use the following application form to submit their applications to dc@prmia.org

For any questions about the CO-Regional Director role, please send email to dc@prmia.org.

Posted by neil222966 at 07:07 PM | Comments (0)