Dale Michaels

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Dale Michaels
Occupation Executive Vice President, Financial Risk Management
Employer OCC

Dale Michaels is executive vice president, financial risk management at the OCC. He was appointed to that position in September of 2016, replacing John Fennell, who was promoted to executive vice president and chief risk officer. He is responsible for OCC's market, credit and liquidity risk, default management, customer margin methodologies and model development activities.[1]


Michaels joined OCC in January 2016 to work on the company's securities lending initiatives after a long career in risk management at CME Group, where he led the integration of the risk management and clearing functions involving CME Group, The Chicago Board of Trade, the New York Mercantile Exchange and COMEX. He has 29 years of industry experience.



  1. Donohue Agrees to Stay on as OCC Executive Chairman for Three Additional Years. OCC.