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- Chief Compliance Officer and VP of Legal Affairs, Arrow Electronics
By Kyle Brasseur2023-03-13T16:58:00
Once the dust settles on the collapse of Silicon Valley Bank (SVB) and the finger-pointing begins, don’t look at the chief risk officer.
Kim Olson was only announced as the appointee to the role at parent company SVB Financial Group on Jan. 4. She joined with an established track record of 30 years of experience in financial services, including her previous time as Americas risk chief for Sumitomo Mitsui Banking Corporation.
Instead, focus on the actions of the bank preceding Olson’s hiring—specifically, the gap that existed in the role. Laura Izurieta, SVB’s former chief risk officer, left the bank in October, according to a proxy filing earlier this month. She ceased serving as risk chief in April 2022.
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News and analysis for the well-informed compliance or audit exec.
Annual Membership best value
Subscribe now for $365
Our lowest price ($1 per day) for one year.
2023-06-26T22:27:00Z By Kyle Brasseur
A bill proposed by a House Democrat would require large banks to have a chief risk officer and notify relevant regulators when the position becomes vacant.
2023-04-05T19:23:00Z By Aaron Nicodemus
Charlie Javice and her startup Frank allegedly convinced the country’s largest bank to pay $175 million for what largely amounted to a list of fake college students. The apparent due diligence failures by JPMorgan Chase offer a cautionary tale to compliance professionals.
2023-03-23T15:22:00Z By Aaron Nicodemus
What is compliance resiliency, and why is it crucial for your organization to have it? Recent enforcement examples demonstrate why mapping out a clear business continuity plan can help thwart a risky management reshuffle.
2024-06-17T21:11:00Z By Jeff Dale
Top-of-mind issues addressed at Compliance Week’s Third-Party Risk Management & Oversight Summit, held June 3-4 in Atlanta, included safe deployment of artificial intelligence, assessing vendor viability and sustainability, understanding the role of procurement in risk ranking, the intersection (or lack thereof) between data privacy and cybersecurity, and many others.
2024-05-22T16:29:00Z By Aly McDevitt
Anne Morriss, co-author of “Move Fast and Fix Things,” advises compliance officers to tap into curiosity, communicativeness, and comfort with discomfort to build organizational trust, fast.
2024-05-16T13:43:00Z By Kyle Brasseur
Regulators and government agencies often speak to the value of empowered corporate compliance programs to advancing their mission. Why not practice what they preach by empowering compliance among their own ranks?
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