New chief risk officer at OCC 21 January 2015Chicago Reporter: Becky Butcher
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John Grace has joined OCC as executive vice president and chief risk officer.
Grace will be responsible for driving and implementing OCC’s risk management strategy.
His remit will include advising senior management and the board of directors on risk issues, overseeing OCC's model validation and enterprise risk management departments, and working with regulators from the Securities and Exchange Commission, the Federal Reserve, and the Commodity Futures Trading Commission.
Grace was previously a senior managing director at AIG. In that role, he worked in enterprise risk management, strategic planning, and global treasury and capital markets.
Craig Donohue, executive chairman of OCC, commented: "His more than 25 years in banking and risk management related roles and his extensive experience interfacing with financial market regulators will help us further strengthen our risk management capabilities.”
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