Board Advisory and Management Consulting

James Lam & Associates works with clients in all aspects of risk management, ranging from establishing a vision and roadmap for enterprise risk management, to developing specific risk policies and analytical tools, to designing key risk indicators and dashboard reporting for senior management and the board.

Our president, James Lam, leads each engagement team and provides overall relationship management and project execution. We add significant and tangible value to each client by combining consulting expertise (e.g., thought leadership, cross-industry best practices) and implementation expertise (e.g., deep knowledge of business and change management requirements). Unlike other consulting firms, we fully integrate the client’s internal staff as part of the engagement team to enhance knowledge transfer and organizational change.

Training and Speaking Engagements

We provide customized training programs that address the specific needs of the target audience. This includes risk awareness programs for boards and senior management, as well as customized training on specific topics: ERM, strategic risk, financial risk, and operational risk.

We also offer action-learning workshops that combine training and hands-on work to make improvements in a specific area, such as developing an ERM policy, risk appetite statement, risk-control self assessments, operational risk metrics, and dashboard reporting. These workshops integrate industry best practices, actual prototypes and examples, reviews of current client practices, and group discussion and work on a specific risk management process.

In addition to training, James has served as a keynote or featured speaker at client and industry events throughout North America, Europe, and Asia. His story-telling speaking style and first-hand experiences enable him to connect with a wide range of audiences.

Industry and Risk Practices

We have significant expertise in all major industries, risk functions, and board and management processes. Our cross-industry experience and exclusive focus on risk management help us deliver exceptional value to clients by integrating risk management in their strategic and business processes.

  • Industry Groups
    – Global, national, and regional banks
    – Investment and brokerage firms
    Insurance and reinsurance companies
    – Asset managers and hedge funds
    – Energy firms

    – Multi-national corporations
    – Regulatory agencies and government-service entities
    – Non-profit organizations

  • Functional Areas 
     Enterprise risk management
     
    Strategic risk management
     Market risk management
     Credit risk management
     Operational risk management

  • Board and Management Processes
    – ERM framework, vision, and roadmap
    – Board/management risk governance and alignment
    – ERM policy and risk appetite statement
    – Risk assessments and analytics

    – Risk management strategies (e.g., pricing, capital management, risk transfer)
    – Board and management reporting
    – ERM performance scorecard and feedback loops