Philadelphia, PA (August 25, 2008) – Sonny B. Lyles, executive vice president and chief risk officer, Sterling Bank, Houston, Texas, was elected chair of The Risk Management Association (RMA). Helga Houston, compliance and operational risk management executive for global consumer & small business banking, Bank of America, Charlotte, North Carolina, was elected vice chair. Their one-year terms begin September 1, 2008.
An active member of RMA since 1974, Lyles was vice chair of RMA last year, and he has served on RMA’s board of directors since 2006. He also serves on the RMA Texas Chapter board of directors. He has served on RMA’s Credit Risk Management Council and its Regulatory Relations Council.
Lyles joined Sterling Bank, a $4.9 billion institution in May 2005 as executive vice president and chief credit officer. He has responsibility for credit quality, credit policy, special assets, credit analysis, internal audit, consumer and home equity underwriting, loan fundings/operations and enterprise risk.
Lyles holds a B.A. degree from Wofford College.
Houston joined Bank of America, a $1.72 trillion institution, in 1986. She currently has responsibility for operational and strategic risk management and compliance for the bank’s deposit business, Banking Center and e-commerce channels, as well as Insurance. She is also responsible for compliance and operational risk in consumer products, including credit card, mortgage, home equity and unsecured lending.
Houston graduated from Westmont College with a B.A. degree in business and economics. She earned her M.B.A. in business administration from the University of Southern California.
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 principles in the financial services industry. RMA promotes an enterprise-wide approach to risk management that focuses on credit risk, market risk, and operational risk. Headquartered in Philadelphia, Pa. RMA has 3,000 institutional members that include banks of all sizes as well as nonbank financial institutions. They are represented in the Association by over 20,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific. Visit RMA on the Web at www.rmahq.org.
Contact:
Meg McBride
RMA Public Relations
215-446-4110