U.S. Bank risk chief departs – Banking Dive

Let Banking Dive’s free newsletter keep you informed, straight from your inbox. Jodi Richard, who had been the Minneapolis-based bank’s chief risk officer since 2018, has left the lender. The bank’s chief credit officer will serve as interim CRO.Prior to becoming CRO, Richard had been U.S. Bank’s chief operational risk officer. Before joining the $703 billion-asset bank, she spent about 11 years at HSBC, where she held roles in risk management and regulatory compliance. Richard also spent about 12 years at the Office of the Comptroller of the Currency, in two separate stints, according to her LinkedIn profile. She was a national bank examiner specializing in retail credit. She also served as chief compliance officer for Sears National Bank. Her resignation from U.S. Bank “was not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices,” the filing noted.  Remington has been at U.S. Bank for more than 21 years, according to his LinkedIn profile. He was appointed chief credit officer in 2021. Get the free daily newsletter read by industry expertsThe bank’s co-president Wednesday pointed to “clearly identifiable” gains from AI, as questions swirl around how soon returns on investment will be seen.A narrower focus is driving better returns at the $200 billion-asset lender, although the credit and interest rate environment may challenge execution of Michael Rhodes’ strategy.Subscribe to Banking Dive for top news, trends & analysisSign up for the free newsletter. Interested? Explore more of what has to offer. Thanks for signing up! Please keep an eye out for a confirmation email from [email protected] To ensure we make it into your inbox regularly, add us to your allow list, mark us as a safe sender, or add us to your address book. Check out more from Get the free daily newsletter read by industry expertsThe bank’s co-president Wednesday pointed to “clearly identifiable” gains from AI, as questions swirl around how soon returns on investment will be seen.A narrower focus is driving better returns at the $200 billion-asset lender, although the credit and interest rate environment may challenge execution of Michael Rhodes’ strategy.The free newsletter covering the top industry headlinessource