The former Senior Deputy Director of Supervisory Examinations at the FDIC will head the firm’s new Washington, D.C., office
WASHINGTON, D.C. (September 8, 2020) ––The Isaac | Milstein Group (IMG) announced today that James C. Watkins, who served as the Senior Deputy Director of Supervisory Examinations at the Federal Deposit Insurance Corporation (FDIC), will lead the IMG’s new Washington, D.C., office as Senior Managing Director. Mr. Watkins has nearly 40 years of experience with the FDIC and is an expert on bank stress testing, resolution plans, and prudential regulatory standards relating to large banking organizations. Mr. Watkins also has expertise in community banking and the formation of new banks.
IMG is a strategic advisory firm specializing in corporate governance, risk management and compliance for the global financial sector. The firm is co-chaired by William Isaac, former Chairman of the FDIC, and Howard Milstein, Chairman and CEO of New York Private Bank & Trust (NYPB&T).
Since September 2013, Mr. Watkins’ role as Senior Deputy Director has involved leading allsafety and soundness programs nationally. Regulatory programs overseen under Mr. Watkins’ authority included remediation for severely troubled institutions and organizations, leadership of Bank Secrecy Act and Anti-Money Laundering activities, issuance of enforcement actions on culpable individuals, development of the current large bank examination strategies,and processing of complex applications. He has also participated in international policy development through his service on the Basel Committee on Banking Supervision’s Supervision and Implementation Group.
Mr. Watkins will head the new Washington, D.C., office of IMG.His extensive expertise in issues of bank supervision, risk management, finance, consumer protection, and regulatory policy will bolster the firm’s ability to offer critical guidance and counsel to institutions in today’s rapidly evolving global regulatory and competitive environments.
William Isaac, Co-Chairman of Isaac | Milstein and former Chairman of the FDIC, said, “Howard Milstein and I are delighted to have Jim Watkins join us. In a tightly knit group of former regulators and financial executives, his leadership in financial management and risk mitigation will be invaluable to the institutions we serve.”
“It’s an honor to lead Isaac | Milstein’s D.C. office,” said Mr. Watkins. “William Isaac and Howard Milstein are bringing together an incredible team with diverse experience, offering invaluable advice for today’s institutions.”
Prior to serving as Senior Deputy Director, Mr. Watkins was Deputy Director of Supervisory Examinations at the FDIC, having joined the Washington Office at the height of the financial crisis in 2010. As Deputy Director, he directed initiatives that resulted in streamlined enforcement actions, reduced processing times, and lowered resolution costs; strengthened the processes to reduce the number of problem banks; and arranged for the orderly resolution of hundreds of banks.
Mr. Watkins rose to his role at FDIC’s headquarters from executive positions in New York and Atlanta. He received an M.B.A. from the University of Massachusetts, Amherst’s Isenberg School of Management and a B.S., cum laude, from James Madison University.
About The Isaac | Milstein Group
As a premier strategic advisory firm specializing in corporate governance, risk management and compliance for the global financial sector, The Isaac | Milstein Group serves financial institutions, including central banks and regulatory agencies as well as their boards of directors, throughout the world. Its team of former regulators and financial executives also focuses on organizational culture, business ethics, data security issues, and global financial transparency. The firm’s team of former regulators and financial executives also focuses on organizational culture, business ethics, data security issues, and global financial transparency.
More information can be found at www.isaac-milstein.com.