Risk

Key Themes

For several global banking groups and large corporations, external hiring at the Chief Risk Officer level has somewhat stagnated. However, for firms in sectors in growth mode, such as fintech and cards and payments businesses, there have been a number of senior risk or Chief Risk Officer appointments. Where Chief Risk Officers have been appointed at firms not in growth mode, several appointments have been internal promotions, as firms look to utilize and develop internal talent, in particular diverse talent.

Leathwaite has recently written a whitepaper on operational resilience, which you can find here. The whitepaper analyses views taken from a broad range of global leaders in the first and second line, in both Chief Operating Officer and Chief Risk Officer functions. It includes commentary on who is accountable for operational resilience, structural changes and the creation of new roles in both the first and second line. It also covers commentary on talent and skillsets that are in demand and lessons learned from the COVID-19 crisis. Please do let us know if this is something you would be interested in and we’d be happy to arrange a time to discuss the key themes with you.

Key Risk Moves: Q3 2020

  • Polina Ievskaya steps into the role of UK Chief Risk Officer at Bank of Ireland, where she was previously Head of Operational Risk and UK MLRO.
  • Emma Hagan joins ClearBank as Chief Risk and Compliance Officer. She was previously Chief Risk Officer, EMEA at Silicon Valley Bank.
  • Ralf Hafner joins Credit Suisse as UK Chief Risk Officer. He was previously Managing Director at Goldman Sachs.
  • Naresh Nagia joins the Financial Systemic Analysis and Resilience Center as Chief Risk Officer. He was previously Chief Ecosystem Risk Officer at CLS.
  • Vineet Nagpal joins Global Infrastructure Partners as Chief Risk Officer, CIP Credit. He was previously Chief Risk and Chief Credit Officer, US for NatWest Markets.
  • Richard Wise joins HKEX as Group Chief Risk Officer. He was previously Chief Risk Officer, Asia-Pacific at Credit Suisse.
  • Joanne Rowe steps into the role of Corporate Risk Officer at ICE, where she was previously Chief Risk Officer, North American Exchanges, NYSE and IFUS.
  • Peter Grewal joins M&G as Chief Risk and Resilience Officer. He was previously Group Chief Risk Officer at QBE Insurance.
  • Richard Lees joins Metro Bank as Chief Risk Officer. He was previously Chief Risk Officer at the Co-operative Bank.
  • Steven Salar joins Nonprofits Insurance Alliance as Chief Risk Officer. He was previously Head of Strategic Planning at QBE Insurance.
  • Daniel Gordon joins Revolut as Group Head of Operational Risk, Operational Resilience and Fraud Risk. He was previously Managing Director, Chief Controls Officer and Exco member at Barclays Digital Bank.
  • Michael Reed joins WSFS Bank as Chief Risk Officer. He was previously a Partner at Covington and Burling in the Financial Services and Corporate groups.
  • Lindsey Matthews joins Universities Superannuation Scheme Limited as Chief Risk Officer. He was previously UK Chief Risk Officer and Global Head of Investment Risk at UBS.
  • Brian Dumbill steps into the role of SVP and Chief Risk Officer at Volvo Financial Services, where he was previously Global Chief Financial Officer.

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