Wolters Kluwer’s Compliance Solutions business has named Laurie Myers, VP, CRA Quality Assurance and Data Analytics at CIT Bank in Pasadena, Calif., as the 2020 honoree of its Alfredo deHaas Excellence in Analytics Award. The award, which recognizes a banking professional who “excels in leveraging data to demonstrate his or her institution’s commitment to regulatory compliance,” was announced at the company’s 24th annual CRA & Fair Lending Colloquium on Monday, Dec. 7.
Named after longtime Community Reinvestment Act (CRA) analyst Alfredo deHaas of MUFG Union Bank, N.A., the award is meant “to trumpet the ‘unsung heroes’ who embody Alfredo’s passion and spirit for championing the creative and thoughtful use of data.”
Myers was selected by a committee of veteran compliance professionals from the banking industry for her professionalism and commitment to excellence in data analytics. The committee cited her work in a number of areas for CRA analysis and performance reporting methodologies that enhanced CIT Bank’s CRA management program. She has overseen a team highly responsive to business demands, from providing data and analysis to support the negotiation of a major Community Benefits Plan, to establishing the Consumer Bank Intake Team for CIT’s Paycheck Protection Program efforts.
“Laurie has been instrumental in stabilizing the data integrity of our CRA and Home Mortgage Disclosure Act (HMDA) client records over the course of the last three years,” said Steve Solk, President of Consumer Banking at CIT. “This was an especially challenging and remarkable accomplishment, given that the business line data processed was submitted from multiple distinct platforms.”
“Alfredo deHaas consistently demonstrated a passion for fulfilling regulatory compliance obligations and providing his colleagues with thoughtful analysis of data to help them make better decisions. Laurie Myers exemplifies these same qualities,” said Steven Meirink, Executive Vice President and General Manager at Wolters Kluwer Compliance Solutions. “We have tremendous respect for Alfredo, and it is a great pleasure to recognize Laurie’s dedication and contributions to data analytics through this award.”
Wolters Kluwer Compliance Solutions is a market leader and trusted provider of risk management and regulatory compliance solutions and services to U.S. banks and credit unions, insurers and securities firms. The business, which sits within Wolters Kluwer’s Governance, Risk & Compliance (GRC) division, helps these financial institutions efficiently manage risk and regulatory compliance obligations, and gain the insights needed to focus on better serving their customers and growing their business.
Wolters Kluwer’s GRC division provides an array of expert solutions to help U.S. financial institutions manage regulatory and risk obligations, including customized offerings to address COVID-19 challenges. Compliance Solutions’ Paycheck Protection Program Supported by TSoftPlus™ helps lenders’ customers access critical stimulus funding. Wolters Kluwer Lien Solutions’ iLien for Main Street helps lenders optimize their due diligence and lien management efforts when securing loans for small and medium-sized businesses under the Main Street Lending Program.
About Wolters Kluwer Governance, Risk & Compliance
Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes. GRC offers a portfolio of technology-enabled expert services and solutions focused on legal entity compliance, legal operations management, banking product compliance, and banking regulatory compliance.
Wolters Kluwer (AEX: WKL) is a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2019 annual revenues of €4.6 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide.
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