On March 29, Compliance Week and Deloitte & Touche presented an editorial roundtable at the Four Seasons Hotel in New York City. The focus of the roundtable, which was moderated by Compliance Week Editor Matt Kelly, was on risk disclosure in the Dodd-Frank era. Attendees' full biographies are below.

Deborah Bailey

Director, Governance, Regulatory & Risk Strategies Deloitte & Touche

 

Deborah Bailey is a managing director in Deloitte & Touche's governance, regulatory, & risk strategies practice. She has more than 35 years experience in navigating and directing a variety of supervisory programs at large federal regulatory agencies. Most recently, Bailey served as the deputy director of the Banking Supervision and Regulation Division at the Board of Governors of the Federal Reserve System. In this role, she was responsible for numerous supervisory programs and risk management, and oversaw the supervising of U.S. banking organizations and foreign banking organizations operating in the United States. Prior to joining the Federal Reserve in 1997, she served as the New York field office director for six years at the Office of the Comptroller of the Currency, where she began her career in 1973.

Walter Bishop

Managing Director, Head of Regulatory Affairs Deutsche Bank

 

Walter Bishop is managing director, head of regulatory affairs at Deutsche Bank. Bishop previously served from 1983 to 1990 as audit manager financial services for KPMG Peat Marwick. Prior to his work at KPMG, Bishop served as deputy general manager/chief financial officer for Nordbanken, chief administrative officer at Barclay's Bank, and in various roles at Deutsche Bank. Bishop holds licenses as a Certified Public Accountant, Chartered Financial Analyst, and Project Management Professional.

Ed Hida

Global Leader, Risk & Capital Management Deloitte & Touche

 

Ed Hida is the global leader of Deloitte's risk & capital management service line and a partner with Deloitte & Touche, and he serves some of its largest banking, derivatives, and securities dealer clients. Hida has substantial experience consulting on a variety of financial risk-management and capital markets issues, including: systemic risk, enterprise risk management, economic and regulatory capital, including Basel II, credit risk management, market risk, including value at risk, derivative financial instrument valuation, model validation, trading and risk management systems, operational risk, treasury and investment operations and internal control, and accounting policies and procedures. Hida has completed a wide range of risk-management consulting assignments for major banks, derivatives and securities dealers, insurance companies, finance companies, hedge funds, exchanges, clearinghouses, and payments providers, both in the United States and internationally. These assignments have spanned the range of risk-management issues from policies, procedures, governance, and infrastructure to methodology, quantitative techniques, and systems. One of Hida's clients was recognized by the Association for Financial Professionals (AFP) as both the Grand Prize Winner and Category Winner for Risk: Advanced Risk Management Methodologies.

Karen Nelson

Chief Compliance Officer American International Group Inc.

 

Karen Nelson currently serves as the chief compliance officer for American International Group Inc. (“AIG”). Nelson is responsible for mitigating overall compliance and reputational risks for AIG and its subsidiaries worldwide. She manages and directs global compliance professionals and is charged with establishing, developing, and implementing compliance programs in conjunction with the AIG business units to ensure alignment with laws, regulations, codes of conduct and ethics, and standards of good business throughout AIG. Prior to joining AIG, Nelson served as the head of global legal entity compliance for Swiss Re. Nelson managed the global legal entity activities for Swiss Re Group to ensure compliance with regulatory requirements in which Swiss Re's legal entities operated. With her legal and compliance staff located in Asia, Europe, and the Americas she advised legal entity CEOs, managed the development and implementation of compliance best practices, and directed risk monitoring and mitigation efforts.

Peter Reynolds

Chief Risk Officer Barclays Wealth Americas

 

Peter Reynolds is a managing director, at Barclays Wealth Americas based in New York. In this role he is responsible for managing the coverage of risk issues across the Americas, including providing independent oversight and assessment of the risk framework design, implementation, and effectiveness. Reynolds joined Barclays Wealth in September 2010 from Royal Bank of Scotland Americas, where he held the position of head regulatory risk and compliance. Prior to this, he performed a variety of roles at Citigroup Inc, including managing the in-house operational risk platform for the firm's private bank business and was responsible for developing the first comprehensive corporate governance policy for Citigroup's loan reserve and undertook global credit risk reviews for Private Bank, Securitization Group, and Project Finance Group. Prior to joining Citigroup in 1997, he worked for a number of financial institutions, including Moody's Investor Service, Bank of Tokyo, and Shawmut Bank.

Jack Sonnenschein

VP, Enterprise Compliance Risk American Express

 

Jack Sonnenschein joined American Express as vice president of enterprise compliance risk management in January 2009 with global responsibility for risk assessment, compliance monitoring and testing, and compliance training. Prior to joining Amex, he served as managing director and global head of AML audit at The Bank of New York Mellon responsible for anti-money laundering independent testing. Previously, Sonnenschein was director of risk management standards and initiatives in Citigroup's Global Anti-Money Laundering group, developing technology solutions for customer acquisition and identification programs, transaction and account monitoring, and USA Patriot Act compliance. He has worked extensively in developing country, product, and customer risk models to integrate and support customer due diligence and monitoring systems. Prior to joining Citigroup in 2001, Sonnenschein headed up the risk-management group for corporate trust services and structured finance at Chase Manhattan Bank. He also served as a client service partner in Chase's general auditing department responsible for delivering financial and technology audit services to global private banking, consumer banking, credit card and mortgage banking clients. Sonnenschein started his career at Touche Ross (now Deloitte & Touche) in Quebec and New York where he earned his chartered accountancy and certified public accountant designations.

Chris Spoth

Director, Governance, Regulatory & Risk Strategies Deloitte & Touche

 

Chris Spoth joined Deloitte & Touche's banking and securities regulatory practice as a director in 2012. He is a former regulator with more than 30 years of experience and extensive knowledge of the supervision and regulation of banking organizations, including applications and enforcement matters. Prior to joining Deloitte, Spoth was the senior Federal Deposit Insurance Corporation (FDIC) executive responsible for the agency's risk-management supervision program. He oversaw the agency's efforts around the examination, enforcement, application, consumer protection, and anti-money laundering programs at more than 4,600 banks nationwide. His role—senior deputy director in the division of risk management—was created in 2006 and involved direct relationships with the FDIC chairman and board members, as well as with other banking regulatory agencies, senior officials at the Department of Treasury, and Congress. He has spoken frequently at industry conferences. Spoth had key roles during the banking crisis related to the FDIC debt guarantee program and activities involving large financial institutions.

Mark Szycher

VP, Enterprise Risk Management GM Asset Management

 

Mark Szycher oversees market, credit, counterparty, and operational risk for GM Asset Management. Szycher has spent over 25 years in the financial services industry, having held senior roles in risk management, trading, research, and consulting. Prior to joining GM Asset Management, Szycher's professional experience included positions with Weston Capital, Measurisk, ITG, Andersen, Merrill Lynch, and Bankers Trust.