John Grace

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John Grace
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Occupation Executive Vice President and Chief Risk Officer
Employer OCC
LinkedIn Profile

John Grace is a financial industry executive who was most recently executive vice president and chief risk officer at the OCC. He was appointed to that position in January 2015 and left in September of 2016. At OCC, he was responsible for implementing OCC’s risk management strategy, including advising senior management and the board of directors on risk issues, overseeing OCC’s Model Validation and Enterprise Risk Management departments and working with regulators. [1]

Background

Grace joined OCC after serving as a senior managing director at AIG, where he was the first executive to focus on liquidity risk and was responsible for identifying risk exposures and setting strategy and tactics to mitigate these risks. He also managed the company's relationship with the Federal Reserve Bank of New York as the point person with regulators in the areas of global treasury and capital markets.

Before joining AIG he was senior vice president at JP Morgan Chase in the home finance division and vice president, market risk manager in the North American consumer banking area with Citigroup. Earlier in his career, he served as vice president covering the derivatives space at both Deutsche Bank North America and Lehman Brothers.

Education

Grace received his BA in Economics from Loyola Marymount University. He also earned an MBA in Finance from the University of Chicago's Booth School of Business.

Video

Grace Under Pressure: OCC’s Chief Risk Officer Talks About Preparing for Systemic Threats

As a Systemically Important Financial Market Utility (SIFMU), the OCC must be able to manage capital and operational risk on a day to day basis and during extraordinary times, when disaster strikes. On the 14th anniversary of the terrorist attacks of September 11, 2001, JLN spoke with Grace about the challenges OCC faces as a SIFMU and what he and the organization are doing to address those challenges.

References

  1. OCC Announces John Grace as New Chief Risk Officer. OCC.