RMA CEO NANCY FOSTER TO RETIRE
Former Financial institution CRO, CFO Led Affiliation for Final 5 Years
PHILADELPHIA, Feb. 2, 2023 /CNW/ — The Threat Administration Affiliation (RMA), a membership group of huge, midsize, and group banks, introduced right now President and Chief Govt Officer Nancy Foster will retire on Aug. 31, 2023after 5 years main the group—and many years as an RMA Member and Board Member.
“Main RMA has been some of the rewarding experiences of my profession,” Foster stated. “As a banker who got here up by the ranks of danger administration at each massive and group banks, RMA was pivotal in my profession growth. As President and CEO, I noticed RMA improve its management in danger administration and credit score options, offering extra worth for Members and the trade. I depart with nice optimism for the way forward for the group and a grateful coronary heart for all that RMA Members and companions have performed for me.”
Throughout her tenure, Foster presided over a lot of main developments for RMA, together with:
- Making Affiliate Membership free for workers of RMA’s institutional Members, resulting in a tripling of Membership. RMA now has 41,000 Affiliate Members, a quantity that’s quickly rising.
- Advancing DEI within the trade and at RMA, together with launching the Ladies In Threat initiative, which has drawn hundreds of attendees at peer-sharing occasions, and rising the proportion of people from underrepresented teams on employees, in RMA administration, as occasion audio system, and on the Board of Administrators and Councils.
- Launching new merchandise and enterprise options to fill gaps within the trade, together with Threat Score and Mannequin Validation.
- Creating the RMA Local weather Threat and Regional Financial institution Local weather Threat Consortia to deliver the trade collectively and assist it transfer ahead on addressing this essential problem.
“Nancy has led RMA throughout a time of great change and problem, together with all of the disruption wrought by COVID,” stated RMA Board of Administrators Chair and US Bancorp Chief Threat Officer Jodie Richard. “Via all of it, she has pushed the group to realize greater than it imagined doable and to embrace know-how, range, and new approaches. We’re perpetually grateful to her for all of her dedication and onerous work and can miss her. She has put up with us on a path to even higher energy and stability as RMA enters its 110th years.”
RMA will instantly conduct a seek for its subsequent President and CEO. Foster will keep on by the tip of the calendar yr to onboard her successor.
Previous to taking up the CEO and President function at RMA in 2018, Foster had been Govt Vice President with Park Sterling Financial institution and Chief Threat Officer of CIT Group, Inc., the place she was liable for world enterprise-wide danger administration. She beforehand served as Group Senior Vice President at LaSalle Financial institution Company, a completely owned subsidiary of ABN AMRO, NV.
About Threat Administration Affiliation (RMA)
Based in 1914, the Threat Administration Affiliation is a not-for-profit, member-driven skilled affiliation whose sole function is to advance using sound danger administration rules within the monetary companies trade. RMA promotes an enterprise method to danger administration that focuses on credit score danger, market danger, and operational danger. Headquartered in Philadelphia, Pennsylvania, RMA has 1,600 institutional members that embody banks of all sizes in addition to non-bank monetary establishments. They’re represented within the Affiliation by 41,000 people positioned all through North America, europe, Australiaand Asia/Pacific.
SOURCE The Threat Administration Affiliation
For additional info: CONTACTS: Lori Nitschke, 917-318-0246, [email protected]; Kimberly Macleod, 917-587-0069, [email protected]