"We take that into consideration with all the other risks, as we're making decisions about an acquisition of a portfolio or an expansion of a business," she said. The statistical models developed to estimate how well the bank would weather economic distress are also being used to evaluate the risks associated with specific business decisions. Desoer took over for the 2016 tests, and Citi has passed in each of the last two years.ĭesoer said that the stress tests have become more than a regulatory compliance exercise. "It's been very well received," said Desoer, who spent 35 years at Bank of America before joining Citi.Īnother part of the bank that came into Desoer's orbit following a rocky period is Citi's stress-testing operations.Ĭiti had failed the Federal Reserve's big-bank stress testing exercise - known as the Comprehensive Capital Analysis and Review - in both 20. Clew also serves on the Board of Rabobank NA and previously served as the Global Head of AML at Citigroup and global leader of AML and Sanctions consulting at Deloitte. In an interview, Desoer said that the reorganization combined activities that were being duplicated and also clarified employees' responsibilities. Katzenmeyer joins Alison Clew, who was appointed to Sigma's Board last year as an independent director. ('Sigma') today announced the appointment of renowned risk and compliance expert, Alison Clew, to its Board of Directors. Alison Clew, Global Head of Anti-Money Laundering (AML) Compliance, former Citi. Brian Clew, Age 60 Alison Clew /alison-clew/UzUzNyAzM1AzNzIzNyQzM1cTN30yR Jacob Clew /jacob-clew/UxITM1UTNwcjMzYTMwITO2QTM00yR Jessica Clew /jessica-clew/. ![]() Aamir Hanif, MEA Financial Crimes/UK MLRO, Stripe. ![]() The combined unit has two co-heads: Allison Clew, a former AML consultant at Deloitte, and Denise Reilly, a Citi veteran, both of whom report to Desoer. NEW YORK, J/PRNewswire/ - Sigma Ratings, Inc. Denis Spearman (Event Host), Partner, Head of Compliance & Financial Crime Practice, Danos Group. Last year, the bank combined those two units to create a global AML organization - a move that the bank says was unrelated to its regulatory problems.
0 Comments
Leave a Reply. |