User:Sophia Beckett Velez PhD/sandbox

Sophia Beckett Velez, PhD Sophia Beckett Velez, PhD. is a researcher, author, and founder of Idiosyncratic Viral Loss Theory. She has written about Banking and Capital Regulation, Operational Risk Management, Idiosyncratic Losses, and the need for effective leadership to mitigate systemic risk. In 2020, she published Banking and Effective Capital Regulation In Practice: A leadership Perspective, followed by Operational Risk Management in Banks and Idiosyncratic Viral Loss Theory: A Leadership Perspective in 2022. For over 16 years as a Certified Public Accountant (CPA), she has worked with large banks providing consulting services to address regulatory compliance problems, magnified subsequent to the 2008 recession.

Career Sophia graduated Mary Mount High School, Highgate, Jamaica, WI in 1987 and then pursued her accounting degrees at Fordham University, New York. She obtained Bachelor of Science in Accounting, G.L.O.B.E. Program May 1999 from Fordham University, Bronx, NY and Master of Business Administration, Concentration Finance; Minor: Management - December 2005. She began her career in public accounting working for Ernst and Young LLP and PriceWarterhouseCoopers LLP during which she earned her license as Certified Public Accountant (CPA). During her tenure in public accounting, she performed financial audits, attestation services, and risk management analysis of large banks. Many of the regulatory compliance problems noted during her review of the large banks has sparked her research interest in exploring the issues at hand in the banks, magnified subsequent to the 2008 recession, and prompted her interest to pursue her Ph.D. She earned a PhD Management May 2020 from Walden University, Baltimore, MD and was a Full-bright Scholar 2019-2020. She studied Organizational Leadership in the PhD program at in the Johnson University, Knoxville, TN 1/2016-5/2017 after which she changed to management and transferred to Walden University. After earning her PhD, she has performed and written several academic research papers on Banking and risk management, systemic risk, idiosyncratic losses, capital regulation, regulatory compliance. She has founded Idiosyncratic Viral Loss Theory, written two books; Banking and Effective Capital Regulation In Practice: A leadership Perspective 2020, Operational Risk Management in Banks and Idiosyncratic Viral Loss Theory: A Leadership Perspective in 2022.

Idiosyncratic Viral Loss Theory This theory discusses systemic operational losses present in human error, fraud, and legal expenses that are linked to systemic risk. These significant losses that are idiosyncratic in nature and that are linked to failed internal processes, people, systems, and external events and their spread rate is comparable to viruses through the global markets.

Selected Bibliography Velez, S. (2020). Banking and Effective Capital Regulation in Practice: A Leadership Perspective. Routledge. Velez, S., Neubert, M., & Halkias, D. (2020). Banking Finance Experts Consensus on Compliance in US Bank Holding Companies: An e-Delphi Study. Journal of Risk and Financial Management, 13(2), 28. Velez, Beckett Sophia. 2021. Idiosyncratic Viral Loss Theory: Systemic Operational Losses in Banks. Journal of Risk and Financial Management 14: x. Velez, S. B. (2022). Operational Risk Management in Banks and Idiosyncratic Loss Theory: A Leadership Perspective. Emerald Group Publishing. Fordham University Business https://digital.gabelli.fordham.edu/issue/summer-2022/books/ References Velez, S., Neubert, M., & Halkias, D. (2020). Banking Finance Experts Consensus on Compliance in US Bank Holding Companies: An e-Delphi Study. Journal of Risk and Financial Management, 13(2), 28. Velez, Sophia Beckett. 2021. Idiosyncratic Viral Loss Theory: Systemic Operational Losses in Banks. Journal of Risk and Financial Management 14: 82. https://doi.org/ 10.3390/jrfm14020082 Velez, S. (2020). Banking and Effective Capital Regulation in Practice: A Leadership Perspective. Routledge. Velez, S. B. (2022). Operational Risk Management in Banks and Idiosyncratic Loss Theory: A Leadership Perspective. Emerald Group Publishing.