The ARC Approach
ARC is a collaboration by seasoned risk management practitioners who have experience in a wide range of risk disciplines and track records of successful implementation.
Our Philosophy
Holistic risk management, by definition, first requires a consistent and complete apples-to-apples picture of where you are now and where you’ve been. Only by creating this base view can you incorporate your business and investment strategies to see where they will take you. While these first two steps are difficult enough, the biggest challenge for many institutions is ensuring buy-in and compliance from all stakeholders. An effective communication and governance process will make sure you and your risk stay on track.
ARC professionals have real-world experience in making these complex goals a reality.
Who Can Benefit?
Community Banks
Gain insights on the competitive landscape and apply them to your strategic decisions.
Regional Banks
Integrate your CECL, stress testing, and Risk Appetite processes to save on cost and resource.
Large Banks
Comply with principles-based regulations by fully integrating CCAR, DFAST and CECL into business strategy.
Credit Unions
Adopt a rapid and cost-effective CECL solution. Meet both growing compliance needs and competitive challenges simultaneously.
Brokerage/Research Firm
On-demand comparative analysis of the impact of estimated losses on forward-looking earnings performance under stress for industry and individual bank research.
FinTech/Direct Lenders
Develop appropriate risk analytics and governance to support rapid growth and prepare for next round capital raising.
Meet the ARC Team
Clifton S. Chang
President
Clifton Chang has over twenty-five years of experience in credit and portfolio risk management covering a broad range of credit products and markets. At First Chicago Capital Markets, Clifton transitioned from managing the firm’s high yield bond trading desk to head loan sales and trading. With the acquisition by Banc One Capital Markets and subsequently by JP Morgan Chase, his role expanded to credit portfolio management, which added derivatives hedging and proprietary credit trading to his responsibilities. Clifton ran Credit Portfolio Strategies at MUFG Union Bank, incorporating Credit Risk Reporting and Credit Markets Research functions, to develop portfolio strategy and capital management recommendations for executive management and the Board of Directors. He has managed credit risk exposures for such diverse risk-types as Commercial Real Estate, energy commodity physical and derivative counterparty risk, and hedge fund leverage.
Aaron Lucey
Partner, Head of Risk Analytics
Aaron Lucey has over twenty years of experience in statistical and financial modeling covering a broad range of projects across credit, liquidity, and capital risk, as well as catastrophic insurance risk. Starting at Fireman’s Fund Insurance Company, he led the catastrophic risk modeling team, supporting pricing, reinsurance, and capital requirements. At Rabobank, N.A., he developed and managed the credit risk modeling team for DFAST. Moving to a CCAR-level institution at Bank of the West, Aaron worked to develop portfolio credit risk analytics, risk-based pricing, and growth strategies across the enterprise, including both consumer and wholesale lines. Most recently, Aaron was the Chief Risk Officer for Summit State Bank, creating a dynamic, enterprise-wide risk management framework. As Head of Risk Analytics at ARC, Aaron continues to combine his education in applied financial economics with his technical expertise in SQL, SAS, Stata, and other analytical programming to bridge the gaps between data, analytics, and business strategy.
Our Partners
