The “new guy” has got to sort this out. It’s like running your business in a time warp — or on a desert island.
CHICO, Calif.–(BUSINESS WIRE)–TriCo Bancshares (Nasdaq:TCBK) (the “Company”), parent company of Tri Counties Bank (the “Bank”), announced that effective Monday, June 11, 2012, Carol Ward will become the Company’s Executive Vice President-Chief Risk Officer. Ward will be the newest addition to the executive management team of Tri Counties Bank. Ward comes to the position following 28 years of banking experience including over 10 years of senior risk management positions at several Southern California banks. Those banks include Countrywide Bank, Hawthorne Savings and Mercantile Bank. Ward also worked as an independent consultant to the banking industry. Most recently, Ward was the Senior Vice President of Enterprise Risk Management at Elevations Credit Union in Boulder, Colorado.
“We are delighted to find a risk professional with proven experience, combined with the passion and belief in the value of a strong risk management process.”
Richard P. Smith, President and Chief Executive Officer for the Company and the Bank, said “Carol brings the leadership necessary to raise the performance of the bank through her strong knowledge and abilities as an enterprise risk manager. I believe Carol and her new position are very important as we continue to strengthen our risk management focus and elevate ourselves to the next level of our development.” Smith added, “We are delighted to find a risk professional with proven experience, combined with the passion and belief in the value of a strong risk management process.”
In her new role at the bank, Ward will be responsible for the development and review of the risk management processes within the organization. She will oversee the internal audit function, the compliance department, and coordinate with all other areas of the bank to ensure that risk management processes within the organization function effectively and meet the enterprise risk effectiveness for the bank. Included in her role are duties and risk assessments related to areas such as operational risk management, credit risk management, physical and information security, fraud detection/remediation, vendor management, business recovery, and regulatory compliance.
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