A typical risk management approach consists of identification, Evaluation, monitoring, and reporting. How can institutions tackle the first piece of the puzzle with so much unknown?
- How to identify physical and transitional risks for the institution
- Evaluating which events may be catastrophic and why
- Understanding the impact to the portfolio and products
- Assessing what the risk means for business and pricing strategies
Jim Costa
James Costa is Executive Vice President and Chief Risk Officer of Banner Bank. In this role, he is responsible for overseeing the company’s risk and compliance functions as well as the Bank’s interactions with industry regulators. He is also a member of the Bank’s Executive Management Committee.
Prior to joining Banner, Costa served as Chief Risk and Chief Credit Officer for TCF Financial a regional bank where he managed all credit and risk functions as well as operations. At TCF Jim managed the enterprise integration of the merger equals between Chemical Bank and TCF. Prior to TCF, Jim held executive leadership positions in risk, credit and lines of business as EVP at PNC Financial and Head of Enterprise Credit Strategy at Wachovia Corporation, now Wells Fargo. Jim has been active in financial services for almost 30 years with focus areas including enterprise strategy credit risk, and regulatory relations.
Jim earned his bachelor’s degree from Ohio State University and conducted his doctoral studies from the University of Minnesota. Jim is a veteran of the US Air Force. In Minnesota, Jim is active in community organizations to include Habitat for Humanity, Humane Society and The University of Minnesota Center for Children’s Cancer Research. Jim is also an advisory board member for the Midsize Bank Coalition of America.
Lourenco Miranda
Dr. Lourenco Miranda is the Regional Head of Environmental & Social Risks, and Model Risk at the Societe Generale Corporate and Investment Bank. He joined the Bank in New York in February 2016 as Managing Director Head of Capital Planning, Assessment and Review (CCAR). Prior to SocGen, within his 24 years of financial industry experience, Dr. Miranda has held multiple leadership positions in Risk Management and Finance at internationally active Financial Institutions in multiple regions and in more than 50 countries and regulatory jurisdictions. In the academic world, for the past 30 years, Dr. Miranda has held faculty positions in multiple academic centers worldwide in the fields of Risk Management and Quantitative Finance; has been in the board of international academic and professional institutions and a regular speaker at major international conferences. Currently, Dr. Miranda has been an Adjunct Professor and has lectured risk management, stress testing, machine learning and data science at Fordham Gabelli School of Business in NYC. Besides that, Dr. Miranda is a published author of academic and professional articles, and book chapters. Lourenco holds a PhD in Statistical Physics applied to Quantitative Financial Risk Modeling.
Charlotte Newbury
Charlotte Newbury is the Americas Head of Enterprise Risk at Deutsche Bank. In this role she is responsible for maintaining a comprehensive view of DB’s risk profile including emerging risks and trends. She led the development of the Risk Identification framework in the region and is chair of the regional ESG risk forum.
Charlotte established her career in finance as a market risk manager, building over 13 years’ experience managing risk across multiple product lines. She has a master’s degree in mathematics from the University of Manchester. Charlotte is based in NYC as well as the Adirondacks where she brings her passion for climate risk to bear on grassroots initiatives.