Speakers

Randy Lampert

Principal, Finance & Risk/Insurance & Asset Management

Oliver Wyman

Session:

Insurance In the News: Economical and Political Impacts

Biography

Randy Lampert is a Principal in the Finance and Risk and Insurance & Asset Management practices at Oliver Wyman based in New York. In his career, he has extensive experience working with asset managers, banks, insurers, and other financial services firms on a variety of topics, including overall strategy, risk, organizational design, operations, and technology.

Prior to joining Oliver Wyman, Randy was a Vice President at Cerberus Operations and Advisory Company, where he supported the Financial Institutions Group whose responsibility included portfolio operations of current Financial Institution investments and support of new investments such as due diligence. Randy holds a M.S. in Quantitative and Computational Finance from the Georgia Institute of Technology.

Relevant Oliver Wyman Experience

• Wrote Marsh McLennan response to Basel III Endgame on the impact of the regulations on the credit insurance market in the Untied States

• Provided strategic review for large Regional Bank to senior management in response to short term Regional banking crisis

• Presented “Reinventing Insurance with Generative AI” which is helping to lay the foundation for the potential of new technologies in Insurance and Asset Management

• Reviewed reinsurance strategy and operating model for large global diversified insurance company

• Oversaw review and gap analysis of risk and strategy framework of non-profit partnership including interviews with peer institutions and provided key committees/board of directors with key recommendations and timelines for key remediations

• Managed development of wholesale loan portfolio credit rating scorecards for large regional bank for use in credit grading and risk management and assisted in development of LGD and EAD models using logistic regression and tree models

• Provided tactical support for liquidity remediation program at FBO, including the development of balance sheet estimation, dividend and interest cash flow engine, and derivative receivables/payables tools

• Developed challenger retail loan level mortgage time-series model for $20 billion dollar runoff portfolio for global bank for use in stress testing such as CCAR and DFAST

• Created challenger linear regression models and developed, updated and redeveloped loss model implementation tool for PD, LGD and EAD for a US subsidiary of a large foreign bank

• Provided PMO support to US subsidiary of a large foreign bank, developed plan for remediation of MRA/MRIAS, created workstream charters for CCAR and performed ROPE GAP analysis

Relevant Other Experience

• Developed financial models, including discounted cash flow and trading comparables, as well as due-diligence materials for potential financial institution investments including US and European banks, insurance companies, and specialty finance firms

• Created valuation models for bespoke transactions including, Subprime ABS, Distressed Corporate Debt, Medical Royalty Debt Financing, Music Royalty Securitization, and Reinsurance/Insurance transactions including stress analysis

• Reviewed Know-Your-Customer(KYC) rules and procedures and benchmarked them against other firms to help streamline current procedures while also determining if any deficiencies existed which would need to be remediated