Prior to this Litke was the head of Market Risk for the Securities and Investment Group of Wells Fargo and head of Market Risk for Wachovia where he managed market risk activities including quantitative risk management, counterparty risk modeling and direct management of market risk. Before that, he worked for Barclays Bank, PLC as the head of Market Risk in the Americas and head of Market Risk for Global Financing. Every time something changes, you need to make sure your risk management process keeps up with it. Skroupa: Some people feel the board shouldn’t be involved in risk management, but there are people who say the board should be involved regardless. There might be a business without market risk or credit risk but there is no business without risk.

Source: Forbes November 09, 2017 18:21 UTC