CARMELA LETICIA A. PAMA, First Senior Vice President, is Philippine National Bank’s Chief Risk Officer (CRO). She reports to the Bank’s board-level Risk Oversight Committee to assist in the effective oversight of the various risks faced by the Bank A Certified Public Accountant, she obtained her Bachelor of Science in Business Administration and Accountancy from the University of the Philippines and Master in Business Administration from the Stern School of Business, New York University. She started her banking career with Citibank N.A. (Phils.) where she held various positions in the areas of Treasury Trading and Marketing, and Operations and Quality Development. She moved back to Citibank, N.A. (Phils.) in 1996 to head various support units, after a brief stint with Banco Santander, Phils. to open its Philippine operations. Prior to joining PNB, she was a Consulting Services Practice Manager at Oracle Corporation (Phils.) from 1999 to 2005 with project implementation experience at the Asian Development Bank. Her stint as CRO of the Bank, since October 2006, has developed her proficiency in all facets of banking operations and has rounded off her skills in enterprise risk management. Task to lead and/or co-lead various new enterprise support activities, she works to institutionalize the bank’s implementation of the following (among others) – merger with Allied Bank, compliance to the bank’s submission of various institutional Basel II & III reports, as well as compliance to new regulatory circulars as mandated. With more than 30 years of corporate experience, she provides a well-rounded expertise in the operations, technology and risk management areas of the bank.