BNY Mellon appoints new chief risk officer 24 October 2014New York Reporter: Stephanie Palmer
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BNY Mellon has appointed James Wiener as its new chief risk officer and executive vice president, effective from 24 November 2014.
As the successor to Brian Rogan, who is retiring at the end of the year, Weiner will be in charge of the bank’s global risk and compliance group, overseeing functions for operations, market risk, and compliance and credit.
He will also be responsible for building the company’s risk management capabilities, including the integration of enterprise risk data.
In his new role, he will report to BNY Mellon chairman and CEO, Gerald Hassell, as well as the risk committee of the board of directors.
Weiner joins from the Oliver Wyman Group where he was a senior partner and leader of North American public policy practice, and a member of the management committee. Here, he led the consulting focus on capital planning requirement under the Federal Reserve’s comprehensive capital analysis review (CCAR).
Previously, he was a senior partner and leader of the North American finance and risk management practice, where he led the firm’s largest practice area.
Hassell said: "Weiner’s deep and wide-ranging experience provides him with a unique understanding of the risk management requirements and expectations of the public and private sectors."
"He will provide our company with strong leadership, counsel and vision in the on-going management of our compliance and credit, operational and market risk areas."
Wiener will also serve on the executive committee, helping to oversee day-to-day operations of the firm.
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