Susan Lam, Cma
About Susan Lam, Cma
Susan Lam is a Staff Director of Compliance and Policy at the Federal Reserve Bank of New York, where she has worked since 2011. She has extensive experience in accounting and risk management, having previously served as Assistant Staff Director at the same institution and holding advanced degrees in Accounting and Business Management.
Current Role at Federal Reserve Bank of New York
Susan Lam serves as the Staff Director of Compliance and Policy at the Federal Reserve Bank of New York. She has held this position since 2011, contributing to the bank's compliance and policy initiatives for over a decade. In her role, she is responsible for overseeing compliance measures and ensuring adherence to regulatory standards within the organization.
Previous Experience at Federal Reserve Bank of New York
Before her current role, Susan Lam worked as the Assistant Staff Director at the Federal Reserve Bank of New York from 2007 to 2011. During her four years in this position, she gained valuable experience in compliance and policy matters, which laid the foundation for her subsequent advancement within the organization.
Educational Background
Susan Lam holds multiple degrees. She earned a Master of Science (M.S.) in Business, Management, Marketing, and Related Support Services from New York University from 2001 to 2006. She also obtained a Master's degree in Accounting from Seton Hall University between 2013 and 2016. Earlier, she completed her Bachelor of Science (BS) in Mathematics at Trinity College-Hartford from 1995 to 1999.
Professional Contributions and Initiatives
Susan Lam has implemented significant initiatives at the Federal Reserve Bank of New York. She developed a business risk & control mapping (BRCM) framework to document controls and risk events across business processes. Additionally, she led efforts to enhance cost accounting and budget applications across the Federal Reserve System, focusing on integrated efficiency and reporting.
Training and Development Efforts
In her capacity at the Federal Reserve Bank of New York, Susan Lam has developed and conducted annual training programs. These programs are based on review observations, risk events, and trend analysis, aimed at improving the knowledge and skills of accounting professionals within the organization. She has also been involved in interviewing, hiring, and onboarding multiple accounting professionals.