James Lam
Encyclopedia
James Lam is a published author and President of James Lam & Associates. His book is Enterprise Risk Management, and he has won many awards pertaining to risk management
. He coined the term Chief Risk Officer
(CRO), and subsequently became the first.
in 1983, Lam held positions as research analyst at Paine Webber
, consultant at Kaplan Smith, vice president at Glendale Federal Bank, and senior consultant at First Manhattan Consulting Group. Lam also served as Chief Risk Officer for the FGIC Capital Markets Services Division of GE Capital
, where he helped create a new capital markets business.
He has also served as Chief Risk Officer for Fidelity Investments
from 1995 to 1998. His work at Fidelity has been profiled in best-practice case studies published in Risk Magazine, the Economist
, Price Waterhouse Review and Risk and Insurance.
Following his work at GE and Fidelity, Lam served as Director at Oliver, Wyman & Company. During his tenure at the firm, he founded ERisk, where he served as Founder and President, which was later sold to SunGard
in 2005.
Since founding James Lam & Associates in 2002, Lam has served as a management consultant and board advisor to organizations in North America and Asia.
Lam’s first book, Enterprise Risk Management: From Incentives to Controls, published in 2003 by Wiley, has been ranked #1 best selling among 25,000 risk management titles on Amazon.com. It has been translated into Chinese, Indonesian, Japanese and Korean.
In 1997, Lam was honored as the first person to be named Financial Risk Manager of the Year Award by the Global Association of Risk Professionals.
In 2004, he was appointed Senior Research Fellow at Beijing University.
In a 2005 Euromoney survey, Lam was nominated by clients and peers as one of the leading risk consultants in the world.
Treasury & Risk Management Magazine named Lam one of the “100 Most Influential People in Finance” in 2005 and 2006.
In 2006, he was appointed Honorary President of the Asia Association of Risk and Crisis Management.
Lam served as a member of the Blue Ribbon Panel of PRIMA, and currently serves as co-chairman of the Education and Standards Committee.
James is also co-chairman and founding member of the prestigious Risk Who’s Who – a network of top risk professionals.
Risk management
Risk management is the identification, assessment, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability and/or impact of unfortunate events or to maximize the realization of opportunities...
. He coined the term Chief Risk Officer
Chief risk officer
The chief risk officer or chief risk management officer of a corporation is the executive accountable for enabling the efficient and effective governance of significant risks, and related opportunities, to a business and its various segments. Risks are commonly categorized as strategic,...
(CRO), and subsequently became the first.
Career
After graduating from Baruch CollegeBaruch College
Bernard M. Baruch College, more commonly known as Baruch College, is a constituent college of the City University of New York, located in the Flatiron district of Manhattan, New York City. With an acceptance rate of just 23%, Baruch is among the most competitive and diverse colleges in the nation...
in 1983, Lam held positions as research analyst at Paine Webber
Paine Webber
Paine Webber and Company was an American stock brokerage and asset management firm that was acquired by the Swiss bank UBS AG in 2000. The company was founded in 1880 in Boston, Massachusetts, by William Alfred Paine and Wallace G. Webber. Operating with two employees, they leased premises at 48...
, consultant at Kaplan Smith, vice president at Glendale Federal Bank, and senior consultant at First Manhattan Consulting Group. Lam also served as Chief Risk Officer for the FGIC Capital Markets Services Division of GE Capital
GE Capital
GE Capital is the financial services unit of General Electric, one of five major units. Its various divisions include GE Capital Aviation Services, GE Capital Real Estate, GE Energy Financial Services and GE Money....
, where he helped create a new capital markets business.
He has also served as Chief Risk Officer for Fidelity Investments
Fidelity Investments
FMR LLC or Fidelity Investments is an American multinational financial services corporation one of the largest mutual fund and financial services groups in the world. It was founded in 1946 and serves North American investors. Fidelity Ventures is its venture capital arm...
from 1995 to 1998. His work at Fidelity has been profiled in best-practice case studies published in Risk Magazine, the Economist
The Economist
The Economist is an English-language weekly news and international affairs publication owned by The Economist Newspaper Ltd. and edited in offices in the City of Westminster, London, England. Continuous publication began under founder James Wilson in September 1843...
, Price Waterhouse Review and Risk and Insurance.
Following his work at GE and Fidelity, Lam served as Director at Oliver, Wyman & Company. During his tenure at the firm, he founded ERisk, where he served as Founder and President, which was later sold to SunGard
SunGard
SunGard is a multinational company based in Wayne, Pennsylvania, which provides software and services to education, financial services, and public sector organizations. It was formed in 1983, as a spin-off of the computer services division of Sun Oil Company, during a period of low crude oil...
in 2005.
Since founding James Lam & Associates in 2002, Lam has served as a management consultant and board advisor to organizations in North America and Asia.
Publications
Lam has over fifty articles and book chapters to his credit, encompassing a wide range of financial and risk management topics. He has been quoted in the Wall Street Journal, American Banker, Financial Times, and CFO Magazine.Lam’s first book, Enterprise Risk Management: From Incentives to Controls, published in 2003 by Wiley, has been ranked #1 best selling among 25,000 risk management titles on Amazon.com. It has been translated into Chinese, Indonesian, Japanese and Korean.
Industry Recognition and Awards
Lam is widely noted for coining the term, and subsequently being the first, “Chief Risk Officer”. He has been an early advocate of enterprise risk management as a consultant and practitioner.In 1997, Lam was honored as the first person to be named Financial Risk Manager of the Year Award by the Global Association of Risk Professionals.
In 2004, he was appointed Senior Research Fellow at Beijing University.
In a 2005 Euromoney survey, Lam was nominated by clients and peers as one of the leading risk consultants in the world.
Treasury & Risk Management Magazine named Lam one of the “100 Most Influential People in Finance” in 2005 and 2006.
In 2006, he was appointed Honorary President of the Asia Association of Risk and Crisis Management.
Lam served as a member of the Blue Ribbon Panel of PRIMA, and currently serves as co-chairman of the Education and Standards Committee.
James is also co-chairman and founding member of the prestigious Risk Who’s Who – a network of top risk professionals.
External links
- "Enterprise Risk Management" (2003) (Excerpt)
- James Lam & Associates homepage (JamesLam.com)