William Bonnell of National Bank of Canada
Elected Chair; Michael G. Nassy Elected Vice Chair
PHILADELPHIA, PA (September 1, 2020) – William Bonnell,
Executive Vice President, Risk Management, and Chief Risk Officer, National
Bank of Canada (NBC), was elected chair of The Risk Management Association
(RMA). Michael Nassy, Executive Vice President and Chief Credit Officer,
FVCbank, was elected vice chair. Jodi Richard, Vice Chair and Chief Risk
Officer, U.S. Bancorp, was elected Treasurer. Their one-year terms begin
September 1, 2020.
“We
are excited with the diversity of skills, backgrounds, and experiences of the
members of our Board, and it will be an honor to work with them,” said RMA
President and CEO Nancy Foster. “Through the Board’s
dedication and support, RMA members will benefit from the resources needed
to manage the evolving risks of COVID-19, and be in position to optimize their
performance in any economic environment.”
As NBC’s CRO,
Bonnell is responsible for enterprise-wide risk management including credit,
market, and operational risks, as well as compliance. He previously held leadership positions
in capital markets trading, credit risk, and market risk management while
working in Montreal, Toronto, London, and Dublin.
“I look
forward to serving as chair this year with such outstanding board members and
officers. I
believe strongly in the purpose and vision of RMA, especially during these
difficult times. The stronger we can make our common risk management practices,
the more resilient our organizations will be, putting us in an even better
position to support our clients and communities,” said Bonnell.
Nassy sets the credit
culture for the bank and oversees all credit-related activities including
concentration management and stress testing, loan policies and procedures, loan
servicing and documentation, and loan approvals, along with the ALLL.
Richard oversees all
aspects of the company’s risk management activities, including operational
risk, credit risk, market risk, model risk, global compliance, AML/BSA,
independent risk review, and regulatory services.
Newly elected to the RMA Board of Directors
for three-year terms are:
- Julie Nosser, Director, Credit Risk Administration, Hancock
Whitney Bank, New Orleans, La., who will chair the Chapter Development
Council.
- Crystal Humphreys, Senior Vice President and Director
of Risk Management, American National Bank of Texas, Terrell, Texas, who
will chair the Community Bank Council.
- Mark A. Whipple, Global Co-Head of Securities Lending,
Invesco, New York, N.Y., who will chair the Securities Lending Council.
- John K. McNamara, Managing Director and Deputy Chief
Auditor, BNY Mellon, New York, N.Y., who will chair the Internal Audit
Council.
Note to editors: Photos available upon
request.
About RMA
Founded in 1914, The
Risk Management Association is a not-for-profit, member-driven professional
association whose sole purpose is to advance the use of sound risk management
principles in the financial services industry. RMA promotes an enterprise
approach to risk management that focuses on credit risk, market risk and operational
risk. Headquartered in Philadelphia, Pennsylvania, RMA has 2,500 institutional
members that include banks of all sizes as well as nonbank financial
institutions. They are represented in the Association by 18,000 individuals
located throughout North America, Europe, Australia, and Asia/Pacific.
Media Contacts
Stephen Krasowski,
215-446-4095, skrasowski@rmahq.org
Frank Devlin, 215-446-4137, fdevlin@rmahq.org