The presentation, by OCC Financial Analyst Ernie Knott, will provide an update on portfolio demographics and charter counts, the overall condition of the industry, key financial trends, and economic challenges in 2023. The analysis will focus on how the series of interest rate hikes to control inflation and quantitative tightening has impacted the banking system.
About Our Speakers:
Ernie Knott - OCC Financial Analyst
Ernie Knott is a Financial Analyst for Midsize and Community Bank Supervision (MCBS) at the Office of the Comptroller of the Currency (OCC).
In this capacity, Ernie is responsible for compiling reports of condition for MCBS-supervised institutions, conducting trend analysis, identifying emerging risks, and flagging outlier banks. Ernie also analyzes Federal Savings Associations, Mutual Savings Associations, Minority Depository Institutions, and makes presentations to bankers from all over the United States. Ernie participates in the MCBS Risk Committee and is extensively involved in the development of OCC’s pre-commissioned work force. Ernie’s passion is to help OCC employees save as much as possible for retirement. He writes articles and makes presentations on Saving & Investing for Retirement.
Ernie began his OCC career in 1985 and worked in both the Miami and Fort Lauderdale field offices. He became a commissioned national bank examiner in 1989 and transferred to New York City in 1990. He has served as regional bank analyst and special supervision analyst before assuming his current position. Ernie completed the cross-credentialed examination in 2014, giving him the authority to lead examinations of both national banks and federal savings associations. In 2019 Ernie received OCC’s Resilience Award for balancing personal challenges and work life. In 2020 Ernie received OCC’s Leadership Award for contributing to the growth of other employees and for promoting teamwork and collaboration within the agency.
Ernie received his Bachelor of Science degree in finance and graduated with honors from Florida State University, Tallahassee, Florida.
Lori Bittner - Assistant Deputy Comptroller (ADC)
Lori Bittner is an ADC in the Office of the Comptroller’s (OCC) Boston Field Office responsible for supervising national banks and federal savings associations in New England. She has over thirty years of bank regulatory and private sector consulting experience. Prior to accepting the position in Boston in 2018, Lori worked in the OCC’s large bank division in headquarters responsible for Recovery and Resolution Planning for the nation’s largest banks. In this role she worked with foreign jurisdictions and regulators in the oversight of globally significant financial institutions. She was instrumental in the OCC’s development of the Recovery Planning regulation requiring U.S. banks to proactively prepare for potential severe financial stress to avoid resolution. She also served as an Acting Team Lead at PNC for Enterprise and Operational Risk. She rejoined the OCC in 2012 as the Special Assistant to the Senior Deputy Comptroller for Large Banks engaged in implementing agency policies and procedures. Between 1995 and 2012, she designed and led economic and financial sector reform projects in developing and transitional countries as a managing director at Deloitte, BearingPoint and KPMG consulting firms. Her international experience includes working with foreign government officials to develop country strategies and policies to promote economic and financial sector stability across banking and non-banking sectors in over 25 countries.
Michael Moriarty - Associate Deputy Comptroller for the Northeast Region
Michael Moriarty is an Associate Deputy Comptroller for the Northeast Region at the Office of the Comptroller of the Currency.
In this role, Mr. Moriarty serves as an expert advisor to the Deputy Comptroller for Community Bank Supervision on all financial institution matters and provides executive direction for Midsize and Community Bank Supervision operations including bank and thrift supervision, and personnel management.
Prior to the Associate Deputy Comptroller role, Mr. Moriarty served as the Associate Deputy Comptroller for the Northeastern District. He has also served in various leadership roles in Midsize and Community Bank Supervision, including Assistant Deputy Comptroller in the Boston Field Office with supervisory responsibility for federal thrifts and national banks located in New England.
Mr. Moriarty holds a bachelor’s degree in finance from The George Washington University and a master’s degree in finance from Boston College.
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For more information contact:
Julie Conroy, Chapter Executive Director
Julie@rmanewengland.org