New York, NY – May 31, 2011 – ICS strengthens its Credit Risk Management practice led by James C. Lacovara, Managing Director, who brings more than 23 years of banking expertise including regulatory compliance, and both retail and commercial lending. The ICS Credit Risk Management practice assists financial institutions in the development, implementation, and maintenance of a comprehensive credit risk management program.
Prior to joining ICS, Mr. Lacovara was Director of Bank Regulatory Compliance with a large international corporate and investment bank, as well as a retail and commercial lending officer. As a former Regulator with the New York State Banking Department, he has a comprehensive understanding of compliance risk, interest rate risk, liquidity risk, credit risk, market risk, and operational risk management with respect to the safety and soundness of domestic and foreign financial institutions. Please find Mr. Lacovara’s entire professional biography here: http://www.icscompliance.com/CompanyManagement.aspx?cid=1
“We are excited to offer this complementary business line to financial institutions and delighted to have James on board with us,” states John F. White, CEO. “His deep knowledge of credit risk management makes him an ideal leader to our diverse team of banking experts.” Mr. Lacovara added, “I’m thrilled to be a part of ICS and am looking forward to leading the Credit Risk Management practice with the support of their high-caliber team.”
About ICS Compliance
As risk management specialists, ICS focuses only on risk and regulatory issues for financial institutions. Our seasoned professionals, with previous experience as federal examiners, internal auditors, and compliance officers, provide institutions with invaluable expertise and insight. This competency, along with our tailored approach and strong regulatory awareness, provides clients with the confidence that comes from hiring experts in risk management. Serving institutions from 18 cities across the country, we provide a full range of customized risk management solutions, including internal audit, regulatory compliance, and credit and operational risk management programs and consultation.
For more information about how your institution can stay in compliance with federal regulations, visit ICS Compliance at: www.ICScompliance.com or contact Michael Pappolla, Director at: 856.220.2240.
