David R. Koenig's profile

The Directors and Chief Risk Officers group (“the DCRO”) today issued its guidance to organizations seeking to better govern risk through the identification and recruitment of Qualified Risk Directors to their boards of directors and risk committees of the board. In the spirit of the Audit Committee Financial Expert, where specific board members are designated as experts in the analysis of financial statements and control processes, the QualifiedRisk Director guidelines were developed by an international group of active board directors and chief risk off… to assist organizations in...

(13 days ago)

David R. Koenig wrote a new blog post titled Crisis Sentiment Index Improves by 5 Points in December; Still More than 40 Points Away from Normal Conditions, But Some Positive Signs Emerging

The Crisis Sentiment Index (CSI) is a regular assessment of the status of the financial/economic crisis around the world by senior executives and board members who are involved in risk governance. Reported on a scale of 0 to 100, a reading of 75 indicates “normal conditions.” For December 2012, the Crisis Sentiment Index (CSI) improved five points to a reading of 34. This is approximately the same level at which the index stood in June 2009. At the same time is also the second highest reading since June 2011. Overall sentiment remains very cautious, but the first hints of some optimism were...

(166 days ago)

David R. Koenig wrote a new blog post titled Congress is Broken – Does the Solution Come from Random Numbers?

As the 2012 elections approached, the approval rating of the U.S. Congress was somewhere between 10% and 20%. Yet, despite this, more than 90% of candidates for the U.S. House of Representatives that sought re-election, won. It’s not a secret that this paradoxical incongruity is a problem that threatens the credibility of our system of government. The result is not random, but the solution might be. Every ten years, following the U.S. Census, the maps of districts that our representatives represent are re-drawn. While state laws on how this redistricting is achieved vary wildly, some...

(166 days ago)

About me:

David R. Koenig is the Chief Executive Officer of The Governance Fund Advisors, LLC.

Mr. Koenig’s work has included the active management of complex portfolios over $50 billion in notional exposures, risk oversight of public equity and fixed-income mutual fund portfolios and capital markets trading portfolios and trading of fixed income securities, equities, currencies, commodities, options, over-the-counter and exchange-traded derivatives.

In 2010, he was chosen as a winner in the inaugural M-Prize competition for management innovation - Reinventing Leadership for his idea: Risk Capital as Commons - Distributive and Networked Governance. In 2008, he was chosen as the recipient of Professional Risk Managers' International Association’s (PRMIA) top honor, the Higher Standard Award and in 2007, he was named by his industry peers as one of the first 100 members of the Risk Who’s Who international honorary society.

Mr. Koenig served as the Chair of the Board of Directors of PRMIA from 2002 to 2005 and was the Executive Director of PRMIA and President of the PRMIA Institute from their inception until September, 2007.

Mr. Koenig’s managerial and front-line experience in the financial markets includes the development of three corporate risk management programs. Prior to his time with PRMIA, he served as the Head of Market and Institutional Credit Risk Management for US Bancorp Piper Jaffray and has held lead risk management roles with GMAC/RFC and Principal Residential Mortgage, Inc. (a member of the Principal Financial Group). He began his career in 1986 with the First National Bank of Chicago.

Mr. Koenig is an Editorial Board Member of the International Journal of Services Sciences (IJSSc) and the Journal of Risk Management in Financial Institutions (JRMFI). He was the the Special Editor of “The Blind Spots of Risk Management” in the JRFMI. In addition, he has been a featured industry speaker at over 60 risk management and finance events on four continents.

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