Financial services firm Wells Fargo & Co. has appointed Amanda Norton as chief risk officer. Mike Loughlin, who announced plans to retire in 2018, will continue to serve as Wells Fargo’s chief risk officer until Norton’s employment with the company begins this summer, ensuring a smooth transition.
As Wells Fargo’s chief risk officer, Norton will oversee all aspects of the company’s independent corporate risk function and risk oversight activities, including credit risk, market risk, operational risk, compliance, information-security risk, and conduct risk. She will report directly to Chief Executive Officer Timoth Sloan and to the risk committee of the board of directors. She will also serve as a member of the company’s operating committee and as an executive officer.
Norton spent the first six years of her career at Chase Manhattan Bank. She then joined JPMorgan Chase in 2011 as the chief risk officer for home lending. In 2013, she took on her most recent role as chief risk officer of consumer and community banking at JPMorgan Chase, where her responsibilities included risk oversight for home lending, card services, auto finance, business banking, consumer banking, and payments. Previously, she was with Ally Financial, serving as a market and credit risk executive.