The December RMA Atlanta dinner meeting in December was a joint meeting with Financial Executives International (FEI) on December 5, 2016 entitled: 2017 Economic Update with Dr. David Altig , Executive Vice President of the Federal Reserve Bank of Atlanta. Dr. Atig focused on the outlook of the new Administration.
Letter from the 2016-2017 President, John Frierson, CRC:
I am excited to take on the role of president for the RMA Atlanta Chapter for the 2016:2017 year. I would like to thank Joe Pegnia for his leadership over the last twelve months.
At our most recent RMA Annual Conference we heard about the struggle of lenders in this current environment to effectively balance the risk return paradigm. With our low growth environment, the need for more profits is driving lenders to sacrifice underwriting standards for loan growth. This is a troubling development that must be addressed with a return to the basics. In that vein, will be focusing on a return to the basics at RMA Atlanta with a focus on education and networking. We will be introducing a homegrown lunch and learn series headed up by Past President, Lissette Rivera-Pauley. Please do not hesitate to reach out if there is a topic you would like to hear more about.
A little background on me. I have been the RMA Atlanta Chapter Programming Chair for the past three years. I have also been involved with RMA on a national level, and attended the Chapter Leaders Conferences in Indianapolis and Phoenix. Additionally, I authored an article for the RMA Journal in March 2016, entitled Understanding Supply Chain Finance.
Needless to say, RMA has been a vital source for me in developing my professional skill set and relationships. RMA has allowed me to build numerous relationships with chief credit officers, policy makers, subject matter experts, and various other professionals. I encourage anyone who is interested in developing their own skill set or network to reach out and we will get you plugged in. Thanks here’s to a great year to come.
John R. Frierson, CRC
Senior Vice President, Corporate Banking
Mr. Brian Bailey with the Federal Reserve Bank of Atlanta presented a CRE Update to the RMA Atlanta Chapter in May. Mr Bailey is a Senior Financial Policy Analysis in the Supervision and Regulation Division of the Federal Reserve Bank of Atlanta. In case you missed his presentation or would like to review the information discussed, a copy of the presentation is provided below.
Click on the link below for a copy of the presentation:
One of Atlanta RMA's own, Mr. John Frierson, CRC, had an article recently featured in The RMA Journal, April 2016 edition. The insightful article was Part 2 of 2 on a discussion regarding Understanding Supply Chain Finance. RMA Members can download a copy of the journal here.
John is a senior vice president and corporate banker at Synovus Bank in Atlanta, Georgia. He is first vice president of the RMA Atlanta Chapter, and a member of the RMA National Chapter Leaders Conference Steering Committee.
April Luncheon - Derivatives with Ed Kofman (CFA), Managing Director of CenterState Bank of Florida NA
April's meeting featured Mr. Ed Kofman, who opened with a good joke, and then proceeded to discuss the risks and benefits to community banks in using hedges to offer commercial loans. We also covered credit, interstate rates, prepayment, and sales benefits and risks. Ed also discussed the "potato slide" and various options for community banks and a view to practical commercial applications. A copy of his presentation can be downloaded here.
Mr. Ed Kofman is the Managing Director and Head of Loan Trading and Hedging at CenterState Bank of Florida NA. Mr. Kofman served as Managing Director of Banc Investment Group, LLC. and Pacific Coast Bankers' Bank. Mr. Kofman has over 20 years of experience in the financial services industry. He served as Financial Risk Manager of Wells Fargo Bank's Capital Markets group. He was responsible for the production of capital allocation tools and risk-adjusted return on capital models at Bank of America. He served as a Credit Loan Officer and Director of Corporate Finance Group at Scotia Capital and Bank of Nova Scotia. He has banking experience and practiced corporate/commercial law. He holds FINRA certifications including a Series 7 and 63. Mr. Kofman received his Bachelor of Science from the University of Toronto and has joint MBA/JD from York University. He holds a CFA designation.
What a great year 2014-2015 has been! We spent 2014 celebrating the 100th Anniversary of the Risk Management Association; and locally we worked hard to deliver value to our members through our programs and education events. We believe we provided a forum for all of our members to network with likeminded peers committed to sound risk principles in our industry. RMA National Headquarters recognized our commitment to our members by awarding us the Silver Status for our Chapter; we could not have achieved that award without all of you, so thanks!
I’d like to recognize our corporate sponsors for the 2014-2015 year: Paynet, Georgia Primary Bank, Alvarez & Marsal and GLE Associates. Their sponsorships have helped us provide you all with quality programming. I would like to give our sincere, wholehearted appreciation for their support of our chapter!
It has been a true honor to serve as Chapter President this past year! I am thankful for the last 12 years of leadership opportunities with the Risk Management Association, which have given me the chance to interact with peers who are committed to the Risk Management industry; moreover, I have been fortunate to have fostered these relationships into strong friendships.
During my tenure as President, I was fortunate to have worked with such dedicated Board members. These folks have given their time and energy, to ensure the success of our chapter in providing value to all of our members.
I would like to THANK all of the Board and Committee members for the wonderful 2014-2015 year:
Michael Taylor- First Vice President- Synovus Bank
Joe Pegnia- Second Vice President- GGG Partners
David Thompson- Secretary- Wells Fargo
Melanie Silvestri- Treasurer-First Landmark Bank
John Frierson-Programming Chair- Synovus Bank
Sassa Cole- Communications Chair-Synovus Bank
Bryan Harris- Membership Chair-KeyBank
Kerry Borders-Webmaster/Social Media Chair and Sponsorship Co-Chair- GLE Associates
Lynn Miller-Sponsorship Co-Chair- Paynet
Matt Hammond-CRC Chair-SunTrust
Sherri Lathan-Education Chair-Fidelity Bank
Blake Tibbidts- YP Chair-Signature Bank
Michelle Kelly- Membership Committee
Wilbert Harper- Committee member
And I would like to WELCOME our 2015-2016 Board & Committee Members
I hope that you had a chance to attend our programs and educational events this past year. If so, I hope that you enjoyed the event! If you haven’t had a chance to attend one of our events, I encourage you to come out this year and to not only attend an event, but get involved with the chapter. We have various opportunities for you in which to participate, so come join us!
My heartfelt THANK YOU to all!
Atlanta RMA Chapter President
Thank you to everyone for participating in the November food drive, benefiting the Atlanta Community Food Bank. RMA Atlanta and GSCPA jointly raised over $300, and donated over 50 pounds of food!
The state of Georgia currently has 28 craft breweries and 15 brewpubs, with more in the works. In October, RMA Atlanta hosted a special event at Manual's Tavern featuring Mr. Chris Herron, CEO of Creature Comforts Brewing Company. Chris spoke about his experience with financing and discussed the profits, peculiarities, and pitfalls of this unique business.
Creature Comforts has created the biggest buzz in beer in Georgia in recent memory. Its iconic brand Tropicalia sells out in minutes at local package stores and its Athena beer has been at the forefront of the increasing popular sour beer movement.
RMA Atlanta's Octoberfest Event, Brewing Up Business, at Manuel's Tavern was a great meeting. Thank you to Creature Comforts for sharing their passion for brewing, and providing us insight into the financial world of micro-brewery lending.
Click here for a copy of the presentation.
Thank you to our sponsors of the event: Athens First Bank & Trust, PayNet and GLE Associates (give-away).
In September, RMA Atlanta hosted a panel discussion on factoring.
The panel discussion, featuring Andy Dillard of Porter Capital, Tracy Eden of Commercial Finance Group, and Jeff Mitchell of Action Capital that will be moderated by Rick Kazmier of GGG Partners, LLC, included discussions on:
Thank you to Mr. Tom Dujenski and Mr. David Gibbons from Alvarez & Marsal for a discussion on emerging trends in enterprise risk management that focused on:
- Vendor Risk Management
- Cyber Security
Click here for a link to the presentation.
Thomas Dujenski is a Managing Director with Alvarez & Marsal Financial Industry Advisory Services in Atlanta, with more than 31 years of leadership experience in the regulatory arena and financial services industry. He has assisted many banking organizations in resolving complex challenges associated with the financial and economic turmoil of the past few years. He focuses on working with financial institutions to develop bank-specific, action-oriented strategies to create successful problem resolutions.
Mr. Dujenski has extensive knowledge of bank regulation, strategic planning, program management and business performance improvement. His experience includes troubled bank remediation and regulatory relations, enterprise risk management, regulatory compliance risk management, and regulatory due diligence and post-acquisition regulatory support.
Before joining A&M, he served with the FDIC in a variety of key executive leadership positions, including Regional Director of the Atlanta Region and Dallas Region operations. In his Atlanta role, he supervised nearly 1,000 institutions in seven states with assets totaling over $1 trillion, leading a staff of over 600 employees.
During the recent financial crisis, the FDIC asked Mr. Dujenski to lead the Atlanta Region, which had the highest number of troubled and failing banks in the nation. He supervised programs for risk management, compliance, CRA, fair lending, information technology, capital markets, trust, fraud, bank secrecy act, accounting, and loss share. He was also responsible for managing the largest state non-member bank in the nation through a continuous examination program, as well as several other large banks.
He has worked with some of the largest technology service providers in the U.S., handling numerous compliance issues, including fair lending and unfair and deceptive practices. He helped to resolve complex issues during the banking crisis involving technical and sensitive matters. Other FDIC positions include: Deputy Regional Director Kansas City Region, Acting Executive for Regional operations in San Francisco and Chicago Regions. During the financial downturn of the late 1980s and early 1990s, he was involved in several complex and troubled bank examinations, including serving as the Deputy Managing Agent of a $2 billion insolvent savings and loan.
Mr. Dujenski has appeared before Congress on matters of regulatory policy and bank supervision and has extensive experience in criminal and administrative hearings, including significant testifying experience. He has represented the FDIC at numerous media and outreach events across the globe, including on subcommittees of the Basel Committee on Banking Supervision and the Financial Stability Institute. He frequently speaks on banking, bank supervision and regulatory issues at industry conferences and trade associations.
He earned a B.S. in finance from State University of New York (Fredonia), an MBA from St. Bonaventure University, and graduated with distinction from Stonier Graduate School of Banking, University of Delaware. He also graduated from the Federal Executive Institute and the Senior Managers in Government program, Harvard University, John F. Kennedy School of Government, Executive Education.
Mr. Dujenski is a Certified Fraud Examiner (CFE), a Certified Anti-Money Laundering Specialist (CAMS), a Certified Forensic Interviewer (CFI), and a Certified Regulatory Compliance Manager (CRCM).
David Gibbons is a Managing Director with Alvarez & Marsal Financial Industry Advisory Services in Chicago, specializing in all aspects of Enterprise Risk Management (ERM). He possesses a unique blend of public and private sector experiences, as a bank regulator, a practicing Chief Risk Officer and financial services consultant.
He brings more than 36 years of public and private sector experience in banking and bank regulation and is widely recognized as a leader and expert in matters relating to bank supervision, regulatory relations and troubled institution remediation, ERM and credit and compliance risk management activities.
Most recently, Mr. Gibbons was a Managing Director and Coordinator of Enterprise Risk, Enforcement Advisory and Credit Risk Services for Promontory Financial Group, where he served for five years. There, he advised banks, thrifts, private equity and other financial firms in the areas including: troubled bank rehabilitation and regulatory relations remediation, ERM program and component evaluation and development, credit and whole bank due diligence; liquidity contingency funding and capital plan development.
Prior to that, Mr. Gibbons was the Chief Risk Officer for HSBC Holdings for North America from 2004 through 2007. There, he led the implementation of advanced risk management practices and programs to include advanced credit and operational risk management approaches (consistent with Basel II), economic capital, and enterprise risk reporting to management and board members. He also represented HSBC North America with regulators (The Board of Governors of the Federal Reserve System and Office of the Comptroller of the Currency), rating agencies, significant trade associations, and “the hill,” and he served as Chair of the Enterprise Risk Management Group for the American Bankers Association and the Chief Risk Officer Roundtable of the Risk Management Association.
Before HSBC, Mr. Gibbons served in several senior-level positions for the Office of the Comptroller of the Currency (OCC) for 27 years. From 1997 to 2002, he served as Deputy Comptroller for Credit Risk where he evaluated credit risk in the national banking system (NBS) and the broader financial services sector, and developed and implemented appropriate supervisory and policy responses.
From 2002 to 2004, he served as Deputy Comptroller of the Currency for Special Supervision (troubled institutions) where he managed troubled bank rehabilitation and resolutions in the NBS, and led the “loss free” resolutions of several of the largest, most complex troubled institutions. Mr. Gibbons also served as the Examiner-in-Charge of Chase Manhattan Corp., Fleet Financial Group and Shawmut National.
Mr. Gibbons earned a bachelor’s degree in economics and finance from Alfred University in Alfred, New York. He has been widely published on matters relating to his subject matter expertise.
RMA Atlanta Chapter