Leo Sagan
SVP/Chief Risk Officer at Westfield Bank- Claim this Profile
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Bio
Credentials
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Certfied Risk Professional
Bank Adminstration Institute (BAI)
Experience
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Westfield Bank
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United States
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Banking
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100 - 200 Employee
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SVP/Chief Risk Officer
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Apr 2017 - Present
Driving success in executing key initiatives by integrating Enterprise Risk Management with Strategy and Performance.The prevailing concepts and principles behind risk management were overhauled in the early 2000s, yet may remain relatively unknown in the culture at many New England community banks. Business lines and operational support units manage risks everyday, often without even realizing it. Therefore to be consciously thinking a little more about risk management can help the bank understand potential hurdles and roadblocks that impede success in achieving our goals.Created a top-down framework:• Developed a Risk Appetite Statement for the bank, approved by the Board.• Developed an ERM Dashboard based upon the major categorical risks in banking.• Incorporating Key Risk Indicators (KRIs) into the strategic plan. Building out a bottom up framework to operationalize risk management. • Rooted in key concepts and tools from the updated COSO framework: o Three Lines of Defense. o Risk & Control Self-Assessments (RCSAs.) o Key Risk Indicators (KRIs) for day-to-day risks. Oversee Functional Areas in the bank:• Regulatory Compliance• BSA/AML• Fraud Detection and Prevention• Internal Audit Show less
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SVP/Chief Financial Officer
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Jan 2009 - Apr 2017
Oversee Finance & Accounting activities for a publicly traded financial institution.o Financial Reporting * 10-K, Annual Report, 10-Q and other reports as required by the Securities and Exchange Commission. * Board-level and Management reporting.o Annual Budget and Forecastingo Asset/Liability Management (ALCO)o Liquidity and Treasury Managemento Investment Portfolio Management and Analysiso M&A Strategies and Due Diligence Work
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Education
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1981 - 1987
Boston University
Community
