Second Line Advisors conducted a 2021 update of research and analysis on today’s Chief Risk Officers from the top US bank holding companies (>$50B in total assets) and the top publicly-traded FinTechs to identify trends on talent and profile.
At year-end 2021, Second Line Advisors conducted research and analysis on today’s Chief Compliance Officer (CCO) from the top US bank holding companies (>$50B in assets) as well as the top public and private FinTechs to identify and assess trends on talent and profile.
The COVID-19 pandemic thrust Operational Risk Management (ORM) in financial services directly into the spotlight in 2020, elevating the strategic profile of the risk discipline as it tested banks’ resilience to operate effectively through unprecedented global business disruption.
Increasing regulatory attention has created a growing need across financial organizations to establish more formal coverage and independent assurance over their second-line control functions, such as Risk and Compliance.
The United States is known for having the toughest regulatory standards for Financial Institutions (FIs) globally, yet is lagging behind when it comes to privacy. However, in the midst of a quickly evolving regulatory landscape, the need to develop a well-structured privacy function is crucial.
U.S. financial organizations have been the victims of some of the largest cyber security breaches. From the customer data breach of JP Morgan in March 2014 to the more recent Equifax and Uber breaches last year, cybercrime is undoubtedly the biggest threat facing firms today.