#14: The Pandemic Recession: How to Shift Your Bank Strategy (Or Not) | Paula King CPA
How should bank strategy shift in the challenging pandemic landscape? Have boards and leadership gotten complacent during the best of times? And what changes are opportunity-focused rather than just challenge-focused? Understand strategy versus tactics Plan for growth even as you protect the bank Revisit your risk appetite and consider taking on more risk About Paula King: Paula King, CPA, is Senior Advisor for Abrigo Advisory Services, part of a team of subject matter experts assisting financial institutions nationwide in the interpretation and application of Current Expected Credit Loss (CECL), credit processes, policies and procedures, and model validations. Paula has held executive positions, including as Chief Financial Officer, in the banking industry for more than 25 years. As a former CFO, Paula has extensive experience in the design, preparation, and reporting of the allowance for loan and lease losses, including ensuring compliance with regulatory and audit requirements, and creating allowance policies, procedures, and processes. In addition, she has served on internal credit committees and worked with loan operations and lending staff to improve credit processes and enhance the capabilities of a variety of core loan systems. Prior to her banking career, she was associated with a regional public accounting firm and specialized in bank audit services. Paula has been responsible for SEC and financial reporting, strategic planning, and has served as Chief Risk and Compliance Officer. She is a bank co-founder and served as a member of the board of directors through its merger with another financial institution and has been a de novo bank consultant to boards and senior management teams. Paula's LinkedIn - https://www.linkedin.com/in/paula-king-1537bb71/ Resources: FDIC Director's Resource Center https://www.fdic.gov/regulations/resources/director/ Leading a consumer bank through the coronavirus pandemic - McKinsey and Co https://www.mckinsey.com/industries/financial-services/our-insights/leading-a-consumer-bank-through-the-coronavirus-pandemic Find out more about Linda Keith at: www.LindaKeithCPA.com www.LendersOnlineTraining.com LinkedIn: https://www.linkedin.com/in/lindakeith/