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.
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.
2025-09-16T18:39:00Z By Tom Fox
Employees are adopting AI faster than companies can build policies, governance, and training. That gap creates compliance exposure in areas from data privacy to shadow IT to workplace equity.
2025-09-09T16:37:00Z By Aly McDevitt
The Epstein case remains a defining moment for financial institutions. As new investigations bring renewed attention to his enablers, Compliance Week’s 2024 case study offers not only a timeline of failures but a path forward. Here’s what banks, regulators, and compliance teams must learn from it.
2025-09-03T11:37:00Z By Tom Fox
At their core, compliance officers are problem-solvers. They wrestle with thorny questions every day: How do we implement a global gifts-and-entertainment policy across jurisdictions with vastly different cultural norms? How do we balance business pressures with anti-corruption obligations? How do we address new risks like AI itself?
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