RMA 2003: 03 annual report: aligning capital to risk

RMA Journal, The, Dec, 2003

RMA Mission Statement

RMA is a member-driven professional association whose sole purpose is to advance the use of sound risk principles in the financial services industry.

Helping our members understand sound risk principles will contribute to enhanced profitability and more efficient allocation of capital to support growth. Furthermore, individuals will be better prepared to meet the needs of customers and to grow professionally.

"Our objective is to further the ability of our members to identify, assess, and manage the impact of credit risk, operational risk, and market risk on their businesses and their customers.

OFFICERS

Chair Sandra Jansky Executive Vice President & Chief Credit Officer SunTrust Banks, Inc. Atlanta, Georgia

Vice Chair Suzanne B. Labarge Vice Chairman & Chief Risk Officer RBC Financial Group Toronto, Canada

President and Chief Executive Officer Maurice H. Hartigan II RMA--The Risk Management Association Philadelphia, Pennsylvania

DIRECTORS

Immediate Past Chair William L. Perotti Jr., Group Executive Vice President & Chief Credit Officer, Frost National Bank, San Antonio, Texas

William S. Aichele, President & Chief Executive Officer, Univest Corporation of Pennsylvania, Souderton, Pennsylvania

Linda Bammann, Executive Vice President & Chief Risk Management Officer, Bank One Corporation Chicago, Illinois

W. Kendall Chalk, Senior Executive Vice President & Chief Credit Officer, BB&T, Winston-Salem North Carolina

Shaheen F. Dil, Senior Vice President and Director of Risk Analytics, PNC Financial Services Group, Pittsburgh, Pennsylvania

Helen B. Eggers, Consumer Risk Management Executive, Bank of America, Charlotte, North Carolina

Jacob H. Goldstein, President & Chief Executive Officer, National Bank of Rising Sun, Rising Sun, Maryland

Michael J. Litwin, Managing Director, Chief Credit & Risk Officer, Merrill Lynch Capital, Chicago, Illinois

Jonathan C. Lorenz, Chief Executive Officer, CoBiz Bank, Denver, Colorado

David J. Munio, Executive Vice President & Chief Credit Officer, Wells Fargo Bank, Los Angeles, California

William C. Nelson, Vice Chairman & Chief Risk Officer, Bank of Hawaii, Honolulu, Hawaii

Robert W.J. Nimmo, Chief Risk Officer, Barclays Bank, London, England

John M. Nuzum Jr., Senior Credit Executive (retired), Consumer Business. JPMorganChase, New York, New York

RMA Council Chairs

Peter Adamczyk, Managing Director, Securities Lending, AIG Global Investment Group, New York, New York, Chair, Securities Lending

Harold F. Dietz, Executive Vice President & Chief Credit Policy Officer, Bank of New York, New York, New York, Chair, Regulatory Relations

Aleem Gillani, Executive Director, Market Risk, FleetBoston Financial Corporation, Boston, Massachusetts, Chair, Market Risk

Richard L. Harbaugh, President & Chief Executive Officer. Equitable Federal Savings Bank, Grand Island, Nebraska. Chair, Community Bank

Mikkalya W. Murray, Executive Vice President & Chief Credit Officer, Harleysville National Bank, Red Hill, Pennsylvania, Chair, Chapters and Membership

Howard S. Stein, Managing Director, Citigroup GCIB & Citigroup Int'l., New York, New York, Chair, Operational Risk

Michael J. Willoughby, Executive Vice President & Chief Credit Officer, AmSouth Bank, Birmingham, Alabama, Chair, Credit Risk

RMA COMMITTEE CHAIRS

Accounting Policy Committee: Paul Jordan, Federal Reserve Bank of Chicago, Chicago, IL

Agricultural Lending Committee: Cornelius L. Gallagher, Bank of America, Roseville CA

Canadian Committee: David McLeod, CIBC, Halifax, NS

Consumer Risk Management Committee: Ronald J. Cathcart, CIBC, Toronto, ON

Credit Portfolio Management Committee: Sean C. Hussey, AmSouth, Birmingham, AL

Membership Committee: Kathleen M.B. King, Provident Bank, Baltimore, MD

Private Lending Committee: Geraldine M. McNamara, US Trust Company of New York, New York, NY

Professional Development Committee: Helen E. McGill RBC Financial Group, Toronto, ON

Real Estate Lending Committee: Jeffrey W. Wald UBS (USA, Inc.). New York, NY

Small Business Banking Committee: Pamela A. Salaway, Harris Trust and Savings Bank, Chicago, IL

Statement Studies Committee: Jeffrey A. Hughes, KeyBank, Dayton, OH

MESSAGE TO ASSOCIATES

Aligning Capital to Risk At the Forefront of Thought Leadership

Message to Associates:

The financial services industry continues to perform well in a challenging environment. A primary reason for that success is our recognition of risk management as a tool that creates value for the enterprise. Although the efficiency of the capital markets plays a significant role in the industry's performance, the most important factors are the evolution of risk management procedures and further investments in technology.

As we move forward, it's clear that financial organizations of every size will benefit from aligning capital to risk. The largest organizations soon will be required to do so by the regulators, but smaller organizations will find that it makes good business sense to align capital with risk and to measure and manage that risk across the enterprise.