Speaker Biographies - Redefining Financial Services Regulation

Keynote speaker

Jared Sawyer, Deputy Assistant Secretary, Financial Institutions Policy, U.S. Department of the Treasury 

Prior to his U.S. Treasury appointment, Jared Sawyer served as senior counsel for Chairman Crapo on the Senate Banking Committee, and as House Financial Services Subcommittee Chairman Randy Neugebauer’s designee for the Financial Institutions and Consumer Credit Subcommittee.

 

Panelists

Susan Kraus Bell, Managing Director, Promontory

In her current role, Susan Kraus Bell advises clients on new and ongoing regulatory issues, such as the Dodd-Frank Act and Basel capital rules, and ongoing supervisory priorities, including enterprise risk management and corporate governance. She also assists banks in managing and implementing regulatory directives. Before joining Promontory, Susan worked for 20 years at the Office of the Comptroller of the Currency, where she served as senior deputy comptroller for international affairs, senior deputy comptroller for bank supervision policy, and deputy comptroller for economic analysis and strategic planning. She was a member of the OCC executive committee, where she managed the OCC’s international relationships, and of the Basel supervisors’ committee, where she served as chair of the first Basel transparency group. She also was chair of the Federal Financial Institutions Examination Council’s supervision task force, which coordinated supervisory policies among the U.S. banking agencies. During her time at the OCC, Susan oversaw the development of the Supervision by Risk program, which was subsequently emulated by other U.S. bank supervisors and several foreign regulatory agencies. She also led a major initiative to reduce regulatory burden and improve credit availability.

William Dawson, former EVP & Chief Risk Officer, Wells Fargo Wealth, Brokerage & Retirement

Bill Dawson has over 35 years’ experience in the financial services industry. His most recent position, from 2009 to 2016, was EVP and Chief Risk Officer for Wells Fargo Wealth, Brokerage & Retirement, where he provided management oversight and was responsible for credit, market and operational risk, including compliance for the Family Office Services, Brokerage (Wells Fargo Advisors) and Retirement business lines within this division. Prior to joining Wells Fargo, Bill held the position of Chief Risk Officer, Capital and Wealth Management, for Wachovia.

Fang Du, Adviser, Supervision & Regulation, Federal Reserve Board

Prior to her current appointment, Fang Du was EVP and Head of Model Risk Management and Validation at RBS Americas, a Senior Project Manager at the Federal Reserve Board and a Senior Director at Bank of America.

Micah Green, Partner Steptoe & Johnson LLP

Micah Green is the co-chair of Steptoe’s Government Affairs & Public Policy Group and also heads the firm’s cross disciplinary financial services practice, which advises clients on the full spectrum of legislative, regulatory, compliance, enforcement, and litigation issues. Mr. Green has more than three decades of experience working directly with key policy makers who impact the regulation of the financial services, financial products, and capital markets sectors, as well as those who draft tax laws and regulations.  Prior to entering private practice, he served as president and co-CEO of the Securities Industry and Financial Markets Association - SIFMA, which was formed by the merger between The Bond Market Association and the Securities Industry Association.  At the time of the merger, he had served as president and CEO of The Bond Market Association (BMA) for seven years.  Before joining BMA, Mr. Green was tax legislative counsel at MCI Communications, where he was responsible for implementing the federal, state, and local tax legislative efforts of the telecommunications company and leading MCI’s lobbying efforts during major tax reform.

Mr. Green spent the first seven years of his career working on Capitol Hill, including serving as staff director of the Subcommittee on Human Resources.  In that role he was involved in numerous civil service-related issues, including a federal program to review programs that can be contracted out and the Ethics-in-Government-Act.

Nigel Jenkinson, Chief of Financial Regulation and Supervision Division, IMF 

Nigel Jenkinson joined the IMF in September 2014 as an Assistant Director in the Monetary and Capital Markets Department. He was appointed Division Chief of Financial Regulation and Supervision Division in December 2016. Nigel worked at the Bank of England for 30 years, and was Executive Director for Financial Stability from 2003-2008, before joining the Financial Stability Board in Basel in 2009 as an Adviser. He has chaired a number of international Working Groups, most recently the FSB Analytical Group on Vulnerabilities and previously the Basel Committee Working Group on Liquidity, and has written on a number of aspects of financial stability including crisis management frameworks, the international framework for financial regulation, and data gaps and data quality. At the Fund, he has worked on a range of issues including financial
regulatory policy, shadow banking, and macroprudential policy. He holds degrees from the London School of Economics and University of Birmingham.

Keith Ligon, Assistant Director, Federal Reserve Board

Keith Ligon is Assistant Director at the Board of Governors of the Federal Reserve System in the Banking Supervision and Regulation Division, focusing on recovery and resolution planning, international crisis management efforts, Financial Stability Board initiatives, and development of supervisory policy implementing aspects of the Dodd-Frank Act. Prior to his current appointment, he served in a succession of roles during 13 years at the FDIC, most recently as Chief, Americas Section, International Coordination Group, Office of Complex Financial Institutions.

Paul Shotton, Senior Director, CRISIL Global Research and Analytics

Paul Shotton assumed his current role in 2017. Previously, Mr. Shotton spent 8 years at UBS, where his most recent position was Deputy Head of Firmwide Risk Control and Head of Group Risk Methodology. Before that, he was managing Director and Global Head of Market Risk Management for 4 years at Lehman Brothers and Managing Director and Head of Market Risk Management, EMEA at JPMorgan Chase for 7 years in London.

Jonathan Sokobin, SVP and Chief Economist, FINRA

Jonathan Sokobin, Chief Economist and Senior Vice President, oversees FINRA’s Office of the Chief Economist. In this role, he works closely with the Office of General Counsel and other departments in developing new rules, and analyzing the regulatory impact, including costs and benefits, of existing and potential rulemakings. He leads a team of researchers who gather and analyze data on securities firms and markets in order to inform policymaking at FINRA. Previously, Mr. Sokobin was Acting Deputy Director, leading the Research Center in the Office of Financial Research at the U.S. Treasury Department. He joined the U.S Treasury Department in 2011 as Chief of Analytical Strategy in the Office of Financial Research. Prior to joining the Treasury Department, Mr. Sokobin was Acting Director of the SEC's Division of Risk, Strategy, and Financial Innovation. He joined the SEC staff in 2000 and held various positions, including Deputy Chief Economist and Director of the former Office of Risk Assessment. From 1998 to 2000, he was a Senior Research Fellow at the SEC. Mr. Sokobin began his career as a member of the faculty of the Cox School of Business at Southern Methodist University. He received his Ph.D. and MBA in finance from the Graduate School of Business at the University of Chicago, and his bachelor's degree in economics from the Ohio State University.

Tom Stanton, Author and Adjunct Professor, Johns Hopkins University

Tom Stanton is a past-President of the Association for Federal Enterprise Risk Management (AFERM), a former member of the federal Senior Executive Service, and a former board member of the National Academy of Public Administration. He teaches as an adjunct at Johns Hopkins University. His accomplishments over the years include helping to enact legislation to create a new federal financial regulator, assisting the Small Business Administration (SBA) to launch and implement its $5 billion loan asset sales program, assisting the SBA to create an Office of Lender Oversight, assisting the Office of Management and Budget to set a multiyear agenda for improved management of federal credit programs, helping to build a community of practice to promote more effective ERM in the federal government and assisting the USDA-Rural Development mission to establish ERM and hire a CRO. His book, A State of Risk: Will Government Sponsored Enterprises be the Next Financial Crisis? (HarperCollins, 1991) first presented the idea of contingent capital now being applied to reduce vulnerability of financial institutions globally. Why Some Firms Thrive While Others Fail: Governance and Management Lessons from the Crisis (Oxford University Press, 2012), was just published in China (企业生死之谜：经济危机的治理与管理教训). He co-edited Managing Risk and Performance: A Guide for Government Decision Makers (Wiley, 2014).  He holds degrees from the University of California at Davis, Yale University, and the Harvard Law School.

Moderators

Vladimir Antikarov, Regional Director, PRMIA Washington DC Chapter

Vladimir Antikarov is Regional Director of the Washington DC chapter of PRMIA, the Professional Risk Manager’s International Association and Chief Financial Officer at Epione Biopharmaceuticals.

With over 20 years of experience, Mr. Antikarov has served as a senior member of the corporate finance practice with the Monitor Group, now Monitor Deloitte, and as Senior Advisor to the CFO of Overseas Shipholding Group, the largest US oil tanker company. His client engagements have included work with AT&T, Merck, Lockheed Martin, Avaya, Thomson Reuters, Philips, Roche, Valle, Votorantim, Telefonica and Axel Johnson. Mr. Antikarov is author of multiple articles on finance and risk management. He is a co-author of the book Real Options, Practitioners Guide. The book has been published in six languages and was the number one business book on Amazon UK.   He has an MBA and an ABD in Finance from Boston University.


Steve Lindo, Principal, SRL Advisory Services

Steve Lindo is a financial risk manager with over 30 years’ experience managing risks in ALM, funding, banking and trading portfolios. His current role is Principal of SRL Advisory Services, an independent consulting firm specializing in risk governance, education and strategy, risk data management, regulatory expertise and information risk management.  His previous positions include Director of Treasury Management and Mortgage Risk at Fifth Third Bancorp and Vice President of Risk Capital Management at GMAC Financial Services LLC (now Ally Financial).  In 2010, Mr. Lindo completed a two‐year engagement as Executive Director of PRMIA – The Professional Risk Managers’ International Association, a non‐profit member organization with over 75,000 members in 198 countries.  Before that, Mr. Lindo held a number of risk management roles in Cargill’s proprietary financial trading group, which today operates as Black River Investments and Carval Investors, and spent his early career as an international banking and credit officer with Lloyds Bank and First National Bank of Chicago (now part of JPMorgan Chase) in the UK, Spain and Brazil. Mr. Lindo is a regular presenter at conferences, author of risk management articles and case studies and an instructor and course developer for the MSc in Enterprise Risk Management at Columbia University. He has a BA and MA from Oxford University and speaks fluent French, German, Spanish and Portuguese.

Roberto Setola, Head of the Office of Risk, FINRA

Roberto Setola has held his current position with FINRA for the past 3 years. Previously, he was FINRA’s Head of Operational Risk for 2 years. Prior to joining FINRA, he was a Director at Promontory Financial Group and a Global Solution Lead at BearingPoint.

Sanjay Sharma, Board of Directors, PRMIA

Sanjay Sharma is a PRMIA Board Director and Founder and Chairman of GreenPoint Global. During 2007-16 Sanjay was the Chief Risk Officer of Discretionary Capital Group and Managing Director in Fixed Income and Currencies Risk Management at RBC Capital Markets in New York. His career in the financial services industry spans over two decades during which he has held investment banking and risk management positions at Goldman Sachs, Merrill Lynch, Citigroup, Moody’s and Natives. Sanjay is the author of “Risk Transparency” (Risk Books, 2013) which provides a framework for enhancing risk transparency through quantitative parameters, subjective analyses and contextual commentary. He has also published several papers and is a co-author of a forthcoming book “The Fundamental Review of Trading Book (or FRTB) – Impact and Implementation” to be published by RiskBooks in 2017. Sanjay is the Director of the RBC/Hass Fellowship Program at the University of California at Berkeley and is an Adjunct Professor at EDHEC, Nice in France. Sanjay has served as an advisor and a member of the Board of Directors of UPS Capital (a Division of UPS) and is a frequent speaker at industry conferences and at universities.
He holds a Ph.D. in Finance and International Business from New York University and an MBA from the Wharton School of Business, and has undergraduate degrees in Physics and Marine Engineering.

Cynthia Williams, Co-Deputy Regional Director, PRMIA New York

Cindy Williams is Co-Deputy Regional Director of PRMIA New York chapter and Principal of CWFG LLC. Her previous positions include CRO/Regulatory Coordinator for Americas at Credit Suisse, Head of Risk Reporting, Deputy Market Risk Specialty Officer and Chief of Staff for Models and Methodologies at the Federal Reserve Bank of New York.