The California Public Employees' Retirement System (CalPERS), a public pension fund, has appointed Kathleen Webb to the newly created position of chief risk, compliance and ethics officer.
Webb will be responsible for the financial, compliance, legal, security, operational, reputational, political, and strategic risks at CalPERS. She will also oversee the office of enterprise risk management, conducting enterprise and program risk assessments, developing an enterprise risk management framework, compliance of CalPERS retirement, health and investment programs, and cultivating a risk-intelligent culture. She will also serve as an independent adviser and consultant to the organization's risk committee.
Previously, Webb served as director of policy and risk management services at the California Correctional Health Care Services (CCHCS) where she was responsible for litigation, inmate appeals, internal audits, health information privacy and program compliance for the last two years. Prior to that, she served as chief of the Strategic Planning and Policy Branch at the CCHCS. She also served as deputy director of the Department of General Services and as a director of the Governor's Office of the Insurance Advisor.