He stressed that CFO John Gerspach and Chief Risk Officer Brian Leach will remain with the company.
FORBES: Citigroup's CEO Switch: Is Chairman Michael O'Neill Flexing His Muscle?
Someone not so happy to see this power shift was Thomas Fischer, chief risk officer, who resigned on January 30th.
ECONOMIST: Germany's biggest bank regroups to storm New York
In January, Mr. Roseman was notified by MF Global that he would be replaced by a new chief risk officer.
WSJ: Corzine Rebuffed Internal Warnings on Risks at MF Global
The Whale was forced to step aside and the CFO and Chief Risk Officer were thrown overboard as well.
Since then, a team of 15 to 20 top Bank of America officials, led by the chief risk officer, Bruce R.
Mr. Cecil, who is chief enterprise risk officer at Flagstone Reinsurance Ltd.
The bill announced more hollow risk guidelines and even hired a new risk officer to make sure all roommates are in compliance.
The bank announced that its chief risk officer, Bruce Thompson, will become chief financial officer, replacing Chuck Noski, who was named vice chairman.
The Journal earlier reported that the firm's chief risk officer, Michael Roseman, had raised serious concerns about MF Global's bet on European bonds.
In the aftermath of the big trading error, Knight also said it would create a board-level risk committee and a chief risk officer position.
FORBES: Getco Gets NYSE Listing Via Reverse Merger With Knight Capital
But a chief risk officer is impotent if he is nothing more than a glorified compliance chief, as is still the case at many banks.
ECONOMIST: How banks can improve their approach to risk management
Warren Buffett is his own Risk Committee and Chief Risk Officer.
FORBES: A Berkshire Profit Center: Derivative Contracts, Managed By Buffett
Now why on earth would any respectable bank especially one that lends to countries to help build their economies allow a Lehman risk officer to handle its finances?
FORBES: World Bank Taps Lehman's Ex Risk Officer As Treasurer
And at the very top is a group chief risk officer who is in charge of the whole thing and desperately keen to understand what is going on.
Though JPMorgan put Goldman on administrative leave when the bank learned of the NYSE probe at Cantor, he was not only reinstated, but later promoted to chief risk officer.
Late Monday, Purcell made co-presidents out of Zoe Cruz , head of fixed income, and Stephen Crawford , the chief administrative and risk officer, pushing aside current President Stephan Newhouse .
He took with him the Harvard heads of domestic and international fixed income and both their staffs, as well as the chief risk officer, chief technology officer and chief operating officer.
Mr Fischer's departure is an embarrassment, since early blueprints of the new structure had him in a pivotal role as chief risk officer, and hence the senior contact with bank supervisors in Bonn.
ECONOMIST: Germany's biggest bank regroups to storm New York
Swiss Re's Mr Singh notes that insurers have a respect for risk that is reflected in the status of the chief risk officer, who is treated as an equal partner in senior management.
It also says the three ignored the warnings of a company risk officer that the underwriting practices and marketing strategy of matching competitors' offers to subprime and option loan borrowers was substantially increasing risk in the portfolios.
James Vanasek, a former chief risk officer at WaMu, testified to a Senate investigative panel Tuesday that he urged chief executive officer Kerry Killinger to take WaMu in another direction as the mortgage market heated up in the mid-2000s.
Only the Stanley Tucci character, the risk officer who is coldly brutally fired BEFORE the slaughter refuses to come back for one day to oversee the ruthless liquidation of the highly leveraged mortgage backed bonds about to doom Wall Street.
"The concept is a good one, but it's important not to measure every widget, because the numbers aren't going to tell you the whole story, " said Cliff Rossi, a former Citigroup risk officer who is now a Tyser Teaching Fellow at the Robert H.
Raj Singh, a former investment banker who recently became chief risk officer of Swiss Re, points out that the banks' risk models, which try to put a value on how much they should realistically expect to lose in the 99% of the time that passes for normality, draw on reams of historical data.
Lamido Sanusi, a risk-control officer who will take over next January as the head of Nigeria's oldest bank, First Bank, is disappointed that regulators are not tougher in insisting on transparency and disclosure of information.
Ms Gillan is no lightweight as she is a founding member of the PCAOB, served as general counsel for CalPERS and Chief Administrative Officer for Risk Metrics.
FORBES: PCAOB Auditor Identification Proposal Signals Slow But Steady Reform
However you are at mild risk if you are a RAMSI officer or if people think you are.
BBC: NEWS | Have Your Say | Solomon Islands riots: Your reaction
"We do not expect a significant risk, " said Chief Financial Officer Jim Muehlbauer.
The club has asked for a relaxation of the rules in order to allow away fans to use the bar during matches where the match safety officer and police deem the risk of trouble low.
But, if hypocrisy is acceptable in the office, the same does not apply in battle: when lives are at risk, the armed forces argue, an officer's judgment should not be clouded by lust or love.
应用推荐