Focus on RMA: Bill Truscott, Senior Associate Director

Each week, “Focus on RMA” highlights a piece of RMA that makes it valuable to members and the industry. This week, we’re sharing a Q&A with Bill Truscott who serves large U.S. banks greater than $250 billion in assets. He is also responsible for the foreign banking organizations operating in the U.S. and the federal banking agencies.

Bill Truscott

What is the most unique experience you’ve had working with RMA members?
I was recently involved with a program to support RMA’s Academic Initiative and the RMA New York chapter. Working with Stacy Germano, RMA director of Academic Relations, Brian Strauss, chairman of the New York chapter, and several large bank members, we organized a chapter co-sponsored event held at Columbia University. The program was attended by 100+ graduate students (math, computer science, engineering, statistics) from Columbia and risk professionals from the chapter all pursuing career paths in quantitative finance (e.g. model risk, model validation, research, trading, portfolio management, derivatives, and stress testing). We were able to identify experienced industry professionals to serve as panelists from Citi, Morgan Stanley, and UBS to answer questions and share their own experiences from their careers.

Prior to RMA, one of the most interesting experiences I’ve had was on a volunteer technical assistance project in Kiev, Ukraine for the Financial Services Volunteer Corps. I served as a foreign advisor on a program to help develop bank supervision capabilities and provide examiner training.

What RMA program or event do you wish people knew more about?
The RMA/Wharton Advanced Risk Management Program is a program all members should know more about. It’s the only advanced risk management program targeted to financial institutions and features an intense curriculum delivered by Wharton faculty and industry practitioners. I have attended the program’s highly interactive presentations on risk appetite, risk culture, country risk, fintech, and fraud risk.

Where did you work before RMA? What is your background?
I recently celebrated my 20th anniversary working at RMA. Prior to joining RMA, I worked in banking and bank supervision at Dresdner Kleinwort Benson in New York and the Federal Reserve in Philadelphia.

At the Fed, I spent most of my time on the exams of Citi’s and Chase’s foreign subsidiaries in London, Frankfurt, Madrid, Sydney, Hong Kong, São Paulo, Mexico City, and Toronto. I also worked for the Federal Reserve on the shared national credit program and exams of foreign banking organizations.

What do you like most about your job?
I enjoy the interaction with our member banks and keeping up with the many issues impacting the industry. I appreciate the opportunity to attend a variety of RMA peer-sharing round tables, conferences, and chapter meetings. And I have long enjoyed working with the professional, dedicated staff at RMA headquarters in Philadelphia.

What are your interests outside of work?
I spend most weekends playing squash with my son and keeping up with his many activities and his dog, Henry.

For more information about how Bill can help your financial institution, please contact him at 215-446-4130 or btruscott@rmahq.org.

 

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