Royal Bank of Scotland’s chief risk officer, Peter Nathaniel, has announced that he’ll be stepping down—just days after the $37.4 billion bank hired Nathan Bostock as head of restructuring and risk.

For the time being, Bostock will be in charge of all risk reporting until the company finds a replacement for Nathaniel, including taking over as chair of the group risk board and all other relevant risk committees.

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Jaclyn Jaeger is a freelance contributor to Compliance Week after working for the company for 15 years. She writes on a wide variety of topics, including ethics and compliance, risk management, legal,...