As the founder and President of James Lam & Associates, a prominent risk management consulting firm established in early 2002, he has made significant contributions to the field.

Currently, Lam serves as an Independent Director and Chair of the Risk Committee on the board of BlackRock iShares Funds, playing an important role in shaping governance practices.

He also acts as a Board Director of The FAIR Institute, further solidifying his influence in enhancing risk management strategies across various fields and industries.

This expertise is particularly pertinent in light of recent events, such as the collapse of Silicon Valley Bank, which underscored the critical need for effective risk oversight in financial institutions.

[1] Recent discussions in the industry, including insights from a Harvard Business Review article, highlight that banks must enhance their risk management frameworks to navigate complex financial landscapes effectively.

As founder and president, and later as vice chairman of the board, ERisk became a key player in the industry, leading to its spin-off as an independent company in 2001 and acquisition by SunGard in 2005.

Lam's journey reflects a commitment to advancing risk management practices and strategies and signifies the importance of effectively shaping corporate governance within the finance sector.

In addition to his role at COSO, Lam is certified by the Software Engineering Institute of Carnegie Mellon in Cybersecurity Oversight, demonstrating his commitment to staying at the forefront of emerging challenges worldwide.

His latest book, Implementing Enterprise Risk Management: From Methods to Applications, was published by Wiley in 2017, continuing to contribute to his reputation as a leader in the industry.