Higher One, a financial services and data analytics provider to colleges and universities, has named Mark Archer as chief risk officer. He will oversee Higher One’s strategy and operational processes for all risk-related activities and will report directly to the newly-formed risk and compliance committee of the board of directors.
Effective immediately, Archer will be responsible for the governance of significant risks across all functions of the business within Higher One. Specifically, he will be responsible for identifying regulatory, enterprise, operating, business and product risks and developing and executing appropriate mitigation strategies and controls.
Archer has extensive experience in a variety of leadership roles. Prior to joining Higher One, he served as chief operating officer, consumer banking risk at Standard Chartered Bank in Singapore, where he was responsible for risk operations across 43 countries. Previously, as senior vice president at Morgan Stanley, he oversaw collection operations, authorization risk and fraud strategy across a multi-billion dollar credit card portfolio. He spent more than 30 years at General Electric, most recently as chief risk officer headquartered in Tokyo.
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