Seven senior-level professionals will contribute a unique
blend of experience in supporting the reengineering and
transformation of the Bank’s platform to meet regulatory
requirements and position the Bank for profitable growth.
The Bancorp, Inc. (NASDAQ: TBBK) continues on a strategic course
to strengthen its operations and risk management functions with the
creation of a senior-level team charged with developing a more
productive and efficient operating environment.
Under the leadership of Executive Vice President and Chief
Operating Officer Hugh McFadden, the new team includes: John
Munera, Managing Director, Head of Financial Crimes Risk Management
(FCRM); Matt Wallace, Managing Director, Chief Information Officer;
Matt Dermott, Director, Head of Third-Party Risk Management; Bill
Neurohr, Managing Director, Head of Compliance; Anwar Tameez,
Managing Director, Head of Operations; and Greg Garry, Managing
Director, Chief Risk Officer. Also part of the team is Armondo
Burnette, Managing Director, Chief Audit Executive, who reports to
the Board of Directors and administratively to CEO and President
Damian Kozlowski.
“As new core team members, these individuals bring game-changing
experience to us in the operations and risk management arenas,”
said Kozlowski. “Their demonstrated, senior-level track records in
large, complex institutions give us a greater capacity to
reengineer our platform. We have now attained critical mass in our
management talent, and are poised for the next phase of
transformation that will enhance our platform for clients and spur
us toward innovative growth."
John Munera, Managing Director, Head of Financial Crimes Risk
Management at The Bancorp Bank, provides strategic leadership to
compliance and risk management processes related to Bank Secrecy
Act/Anti-Money Laundering (BSA/AML) requirements. He also serves as
a resource to the BSA Committee and the Risk Committee of the Board
of Directors. Munera comes with significant BSA/AML risk management
experience at regional and global financial institutions. Most
recently, he was a senior risk official at the Federal Reserve Bank
of Philadelphia. He is a Certified Information Systems Auditor
(CISA) and a Certified Anti-Money Laundering Specialist (CAMS).
Matt Wallace, Managing Director, Chief Information Officer,
oversees Information Technology strategies and capabilities across
the enterprise. His responsibilities include planning, policies,
standards, architecture, coordination and analysis of all
information systems and infrastructure. Wallace joins The Bancorp
from Bank of America, where he was most recently Senior Vice
President leading Enterprise Card Issuance. Prior to that, he was
responsible for the Risk and Control process, as well as a
multi-year, strategic-planning initiative for several core
operational areas across Bank of America.
Matt Dermott, Director, Head of Third-Party Risk Management,
oversees The Bancorp’s programs for managing risks associated with
third-party relationships. He and his team are responsible for
implementing third-party internal controls focused on due
diligence, risk assessments and performance monitoring. Dermott
most recently led Third-Party Oversight at JPMorgan Chase,
supporting Centralized Transaction Operations, Mortgage Banking,
Consumer Banking, Card Services, Chase Wealth Management and
Business Banking. Previously, he held senior roles at Chase in
Mortgage Banking, Finance, and Sourcing and Procurement
Services.
Bill Neurohr and Anwar Tameez joined The Bancorp in the first
quarter of 2017 and are now designated among the key players of the
new operating and regulatory team.
Neurohr, Managing Director, Head of Compliance, manages the
bank’s compliance risk management program. He oversees regulatory
change management, policy and procedure review, risk assessments,
monitoring, testing and other related functions focused on consumer
protection. Previously, Neurohr served as Compliance Director for
Citi's Global Consumer Bank Card organization. Prior to that, he
was the Compliance Managing Director and Head of Governance and
Practices for JPMorgan Chase's Global Card and Merchant Services
organizations, responsible for adherence to the firm's Global
Compliance Program.
Tameez, Managing Director, Head of Operations, oversees Retail
Operations, Loan Operations, and Customer Care and Complaints. With
25 years of experience in global senior leadership roles, he has
managed large technology organizations, business operations,
compliance, and trading floors. He most recently served as Head of
Operations of the US Shared Services organization for AIG, a New
York-based multinational insurance company. Previously, Tameez was
Head of Operations for Morgan Stanley Cash Management, based in
Europe. Prior to that, he managed Business Operations and Controls
for Citigroup Global Wealth Management and had global
responsibilities within the Citi Technology Infrastructure.
Greg Garry is newly named as Managing Director, Chief Risk
Officer, moving from his previous role as Chief Audit Executive for
The Bancorp. He now heads the Enterprise Risk Management (ERM),
Third-Party Risk Management (TPRM) and Cybersecurity functions.
Garry works in collaboration with other Managing Directors and
related committees of the Board of Directors and Management to
formulate and implement various risk management control policies.
His leadership and performance in the audit function has prepared
him well to assume a role focused on enterprisewide risk
management. Garry is a Certified Internal Auditor (CIA), Certified
Fiduciary and Investment Risk Specialist (CFIRS) and holds a
Certification in Risk Management Assurance (CRMA).
Armondo Burnette joins the company as Managing Director, Chief
Audit Executive. He will work with the Audit Committee and
Executive Management to assess, direct and maintain The Bancorp’s
audit management plan and oversee internal audits, risk assessments
and audit finding remediation. Burnette’s career spans more than 25
years in the areas of internal audit management, financial
operations, information technology, business process improvement,
and organizational analysis and design. Most recently, he was
Director, National Business Advisory Services, for Grant Thornton
LLP, and earlier he was Senior Vice President, Chief Audit
Executive at First Bank of Delaware. His professional designations
include Certified Public Accountant (CPA), Certified Information
Systems Auditor (CISA), Certified Financial Services Auditor (CFSA)
and Six Sigma Black Belt.
“Each of these individuals brings comprehensive experience in
areas critical to The Bancorp’s success,” said Hugh McFadden,
Executive Vice President and Chief Operating Officer. “They share
our vision for this company as we chart an exciting growth path,
and have already begun to put their stamp on our future.”
About The Bancorp
The Bancorp is dedicated to serving the unique needs of non-bank
financial service companies, ranging from entrepreneurial start-ups
to those on the Fortune 500. The company’s wholly-owned subsidiary,
The Bancorp Bank (Member FDIC, Equal Housing Lender), has been
repeatedly recognized in the payments industry as the Top Issuer of
Prepaid Cards (US), a top merchant sponsor bank and a top ACH
originator. Specialized lending distinctions include National
Preferred SBA Lender, a leading provider of securities-backed lines
of credit, and one of the few bank-owned commercial leasing groups
in the nation.
For more information, please visit www.thebancorp.com.
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version on businesswire.com: http://www.businesswire.com/news/home/20170726006353/en/
The Bancorp ContactAndres Viroslav,
215-861-7990aviroslav@thebancorp.com
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