Kevin Blakely Named Senior Advisor, Governance, Risk and Regulatory Strategies
As the needs of our clients continue to evolve in the current regulatory environment, Deloitte & Touche LLP’s Governance, Risk and Regulatory Strategies practice announced that Kevin Blakely will take on the role of Deloitte’s Senior Advisor, providing strategic consulting services on matters affecting enterprise risk management, as well as regulatory and operational matters for Deloitte’s banking and securities clients.
Kevin has joined Deloitte after spending nearly four decades in the financial services industry, and possesses extensive knowledge regarding risk management in both regional and national banking organizations. Kevin has been involved in many successful turnaround situations, where he played a key role in creating stronger risk cultures and executing enterprise-wide risk management programs. He also spent 17 years as Deputy Comptroller for Special Supervision with the Office of the Comptroller of the Currency (OCC). Within this role, he was responsible for oversight of problem and failing institutions and played a crucial role in shaping laws and regulations pertaining to troubled institutions. In addition to this, Kevin has spent several years as the President and Chief Executive Officer of the Risk Management Association, a global industry group dedicated to promoting and sharing best practices in financial risk management.
“For the past two or three years, the role of the chief risk officer has been described as ‘ascendant’ – but risk governance is going to receive even more prominence now because of the Dodd-Frank Act and other regulations,” said Deborah Bailey, the managing director of Deloitte’s banking & securities regulatory practice.
Deborah added, “Under the proposed rules around enhanced prudential standards, for example, not only will financial institutions with more than $10 billion in total assets have to establish a risk committee and make sure they have a risk management expert as a board-level director, but they must also establish the position of an enterprise-wide chief risk officer. This is one of the ways we expect Kevin to help our diverse set of banking clients.”
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