How should bank strategy shift in the challenging pandemic
landscape? Have boards and leadership gotten complacent during the
best of times? And what changes are opportunity-focused rather than
Paula King, CPA, is Senior Advisor for Abrigo Advisory
Services, part of a team of subject matter experts assisting
financial institutions nationwide in the interpretation and
application of Current Expected Credit Loss (CECL), credit
processes, policies and procedures, and model validations.
Paula has held executive positions, including as Chief
Financial Officer, in the banking industry for more than 25 years.
As a former CFO, Paula has extensive experience in the design,
preparation, and reporting of the allowance for loan and lease
losses, including ensuring compliance with regulatory and audit
requirements, and creating allowance policies, procedures, and
processes. In addition, she has served on internal credit
committees and worked with loan operations and lending staff to
improve credit processes and enhance the capabilities of a variety
of core loan systems.
Prior to her banking career, she was associated with a
regional public accounting firm and specialized in bank audit
Paula has been responsible for SEC and financial reporting,
strategic planning, and has served as Chief Risk and Compliance
Officer. She is a bank co-founder and served as a member of the
board of directors through its merger with another financial
institution and has been a de novo bank consultant to boards and
senior management teams.
FDIC Director's Resource Center
Leading a consumer bank through the coronavirus
pandemic - McKinsey and Co