RMA Director of Operational Risk Charles R. Taylor was named a Fellow of the Wharton Financial Institutions Center
Philadelphia, PA (January 9, 2007)—RMA Director of Operational Risk Charles R. Taylor was named a Fellow of the Wharton Financial Institutions Center (FIC). As a Fellow, Taylor can make full use of the Center’s resources, take part in its programs, and contribute to its prestigious working paper series as he continues directing RMA’s operational risk initiatives.
Taylor has a broad background in international finance, economics, and corporate strategic planning. Since joining RMA in 2003, Taylor has led the expansion of products and services that help financial institutions manage operational risks. As a member of the RMA leadership team, he has worked in partnership with the University of Pennsylvania’s Wharton Executive Education and the FIC to create the first advanced program on risk management for executives. That program meets a critical need in the industry to integrate risk management with financial management and strategy.
Taylor also guided the development of RMA’s Key Risk Indicator Services (KRI) and of RMA’s management of the Operational Riskdata eXchange Association in Europe.
Taylor is currently completing plans for the Global Conference on Operational Risk, which will be held in New York City, March 13-16, 2007. Cosponsored by RMA and the Operational Riskdata eXchange, this conference will focus on the most critical issues facing the industry today, such as modeling operational risk capital and fitting operational risk into the larger enterprise-wide risk management effort. The most senior chief operational risk managers in the industry will discuss their concerns and current priorities.
Taylor received his B.A. in mathematics from Kings College, Cambridge University, his M.Phil in economics from St. Antony's College, Oxford University, and his MBA from Wharton Business School, University of Pennsylvania. He had an international career centered on improving public policy and industry practice in financial services before joining RMA.
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, Pennsylvania, 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 18,000 risk management professionals who are chapter members in financial centers throughout North America, Europe, and Asia/Pacific.
About Wharton Financial Institutions Center
The FIC of the Wharton School of the University of Pennsylvania sponsors and directs primary research on financial institutions. The center was established in 1992 with funds provided by the Sloan Foundation and was designated as the Sloan Industry Center for Financial Institutions, the first such center designated for a service-sector industry. Currently the Center is supported by its private research partners, corporate sponsors, and various foundations and non-profit organizations.
Contact:
Kathleen M. Beans
RMA Public Relations Manager
215-446-4095