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Board Issues : Risk

The Job of a Chief Risk Officer

July 19th, 2012 |
Citizens Republic Bancorp, a bank holding company with $9.6 billion in assets in Flint, Michigan, started a risk office and hired a chief risk officer seven years ago at the urging of regulators. Like many banks, it struggled in the aftermath of the recession but returned to profitability and exited a memorandum of understanding with regulators. Although banks below $50 billion in assets aren’t technically required to have a chief risk offi...

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nsnyder

Naomi Snyder is the managing editor for Bank Director, an information resource for directors and officers of financial companies. You can follow her on Twitter at twitter.com/naomisnyder or get connected on LinkedIn.

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