Nickolas Schweitzer

Nickolas has served as a lead director on various risk transformation initiatives to assess and enhance the business process maturity of various risk management practices and activities, as well as the establishment of an integrated Governance, Risk, and Compliance technology solution. 

Nickolas has directed various engagements to design, develop and implement Enterprise Risk Management (ERM) and compliance frameworks and programs, as well as evaluating the use and value in automating certain risk activities in a GRC software package. The engagements included the strategic development of an ERM framework that incorporated the key elements of a robust, integrated risk management program, including risk appetite and strategy, governance, risk assessment and measurement, risk reporting, and risk culture and awareness training. Activities and included but were not limited to:

• Executing gap analysis of current and future state framework
• Defining and establishing risk governance and reporting structure,
• Facilitating collaborative risk assessment interviews with management to identify and assess key risks to the organization, including but not limited to operational, third party, and supplier related risk categories.
• Identify mitigating response activities to reduce the risk within an acceptable level.

In addition, Nickolas has served as the lead manager for the delivery of Material Loss Reviews (MLR) of failed financial institutions on behalf of the FDIC Office of Inspector General. The reviews include the identification of the institution’s causes of failure and the resulting loss to the Deposit Insurance Fund (DIF) and an evaluation of regulatory supervision of the failed institution. The scope of review includes the full range of financial institution operations, and include analysis of key risk indicators and performance data in evaluating adequacy of the institution’s financial condition and impact on the failure.

Nickolas has also served as a member of Compliance Monitoring Contractor (CMC) engagement team monitoring Purchase and Assumption Agreements of failed institutions between Federal regulator and acquiring banking institutions on behalf of the FDIC Division of Receivership & Resolution (DRR). Tasks and responsibilities included assessment of bank policies and procedures, as well as comprehensive loan file review of Loss Share assets to determine compliance with the Purchase and Assumption Agreement and whether loan servicing met specified criteria.