U.S. Bank Names Jodi Richard Vice Chairman, Chief Risk Officer
August 15 2018 - 11:02AM
Business Wire
U.S. Bank announced today that industry veteran Jodi Richard
will become its new vice chairman and chief risk officer,
succeeding P.W. (Bill) Parker, who previously announced his
intention to retire this fall.
In her new role, Richard will oversee the company’s Risk
Management and Compliance efforts as it continues its legacy of
developing and maintaining strong risk management capabilities. The
handoff between leaders will begin in the next few weeks to ensure
a smooth transition, with an effective date of Oct. 1. Richard will
join the company’s Managing Committee and will report to Chairman,
President and CEO Andy Cecere in her new role.
“Jodi is a strong, capable leader who has helped us transform
our operational risk approach, and she will lead the Risk
Management and Compliance team well,” Cecere said. “She understands
our culture and the importance we place on effective risk
management. We are pleased with the quality of talent we continue
to attract, retain and develop into leadership roles.”
Richard is currently the company’s chief operational risk
officer, overseeing operational risk management and independent
testing functions, which encompasses everything from operational
loss mitigation and risk control assessment to consumer complaint
management, fraud risk management, third party risk management,
data protection and governance, model risk, payments risk,
enterprise security and crisis management. Prior to that role, she
spent more than a decade at HSBC in positions of increasing
responsibility in risk management and regulatory compliance. She
also spent 12 years in the Office of The Comptroller of the
Currency (OCC) as a national bank examiner specializing in retail
credit and worked as the chief compliance officer at a large credit
card bank. Among her notable board memberships are the Minneapolis
Board of Directors for Catholic Charities and industry boards for
O.R.X. and the RMA Operational Risk Council. Born and raised in
Iowa, she earned her bachelor’s degree in finance from the
University of Northern Iowa. She will continue to be based in
Minnesota.
About U.S. BankU.S. Bancorp, with 74,000 employees and
$461 billion in assets as of June 30, 2018, is the parent company
of U.S. Bank, the fifth-largest commercial bank in the United
States. The Minneapolis-based bank blends its relationship teams,
branches and ATM network with mobile and online tools that allow
customers to bank how, when and where they prefer. U.S. Bank is
committed to serving its millions of retail, business, wealth
management, payment, commercial and corporate, and investment
services customers across the country and around the world as a
trusted financial partner, a commitment recognized by the
Ethisphere Institute naming the bank a 2018 World’s Most Ethical
Company. Visit U.S. Bank online or follow on social
media to stay up to date with company news.
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version on businesswire.com: https://www.businesswire.com/news/home/20180815005456/en/
U.S. Bank Public Affairs and CommunicationsRebekah Fawcett,
612-303-9986Rebekah.Fawcett@usbank.com
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