Seven senior-level professionals will contribute a unique blend of
experience in supporting the reengineering and transformation of the
Bank’s platform to meet regulatory requirements and position the Bank
for profitable growth.
WILMINGTON, Del.--(BUSINESS WIRE)--
The Bancorp, Inc. (NASDAQ: TBBK) continues on a strategic course to
strengthen its operations and risk management functions with the
creation of a senior-level team charged with developing a more
productive and efficient operating environment.
Under the leadership of Executive Vice President and Chief Operating
Officer Hugh McFadden, the new team includes: John Munera, Managing
Director, Head of Financial Crimes Risk Management (FCRM); Matt Wallace,
Managing Director, Chief Information Officer; Matt Dermott, Director,
Head of Third-Party Risk Management; Bill Neurohr, Managing Director,
Head of Compliance; Anwar Tameez, Managing Director, Head of Operations;
and Greg Garry, Managing Director, Chief Risk Officer. Also part of the
team is Armondo Burnette, Managing Director, Chief Audit Executive, who
reports to the Board of Directors and administratively to CEO and
President Damian Kozlowski.
“As new core team members, these individuals bring game-changing
experience to us in the operations and risk management arenas,” said
Kozlowski. “Their demonstrated, senior-level track records in large,
complex institutions give us a greater capacity to reengineer our
platform. We have now attained critical mass in our management talent,
and are poised for the next phase of transformation that will enhance
our platform for clients and spur us toward innovative growth."
John Munera, Managing Director, Head of Financial Crimes Risk Management
at The Bancorp Bank, provides strategic leadership to compliance and
risk management processes related to Bank Secrecy Act/Anti-Money
Laundering (BSA/AML) requirements. He also serves as a resource to the
BSA Committee and the Risk Committee of the Board of Directors. Munera
comes with significant BSA/AML risk management experience at regional
and global financial institutions. Most recently, he was a senior risk
official at the Federal Reserve Bank of Philadelphia. He is a Certified
Information Systems Auditor (CISA) and a Certified Anti-Money Laundering
Specialist (CAMS).
Matt Wallace, Managing Director, Chief Information Officer, oversees
Information Technology strategies and capabilities across the
enterprise. His responsibilities include planning, policies, standards,
architecture, coordination and analysis of all information systems and
infrastructure. Wallace joins The Bancorp from Bank of America, where he
was most recently Senior Vice President leading Enterprise Card
Issuance. Prior to that, he was responsible for the Risk and Control
process, as well as a multi-year, strategic-planning initiative for
several core operational areas across Bank of America.
Matt Dermott, Director, Head of Third-Party Risk Management, oversees
The Bancorp’s programs for managing risks associated with third-party
relationships. He and his team are responsible for implementing
third-party internal controls focused on due diligence, risk assessments
and performance monitoring. Dermott most recently led Third-Party
Oversight at JPMorgan Chase, supporting Centralized Transaction
Operations, Mortgage Banking, Consumer Banking, Card Services, Chase
Wealth Management and Business Banking. Previously, he held senior roles
at Chase in Mortgage Banking, Finance, and Sourcing and Procurement
Services.
Bill Neurohr and Anwar Tameez joined The Bancorp in the first quarter of
2017 and are now designated among the key players of the new operating
and regulatory team.
Neurohr, Managing Director, Head of Compliance, manages the bank’s
compliance risk management program. He oversees regulatory change
management, policy and procedure review, risk assessments, monitoring,
testing and other related functions focused on consumer protection.
Previously, Neurohr served as Compliance Director for Citi's Global
Consumer Bank Card organization. Prior to that, he was the Compliance
Managing Director and Head of Governance and Practices for JPMorgan
Chase's Global Card and Merchant Services organizations, responsible for
adherence to the firm's Global Compliance Program.
Tameez, Managing Director, Head of Operations, oversees Retail
Operations, Loan Operations, and Customer Care and Complaints. With 25
years of experience in global senior leadership roles, he has managed
large technology organizations, business operations, compliance, and
trading floors. He most recently served as Head of Operations of the US
Shared Services organization for AIG, a New York-based multinational
insurance company. Previously, Tameez was Head of Operations for Morgan
Stanley Cash Management, based in Europe. Prior to that, he managed
Business Operations and Controls for Citigroup Global Wealth Management
and had global responsibilities within the Citi Technology
Infrastructure.
Greg Garry is newly named as Managing Director, Chief Risk Officer,
moving from his previous role as Chief Audit Executive for The Bancorp.
He now heads the Enterprise Risk Management (ERM), Third-Party Risk
Management (TPRM) and Cybersecurity functions. Garry works in
collaboration with other Managing Directors and related committees of
the Board of Directors and Management to formulate and implement various
risk management control policies. His leadership and performance in the
audit function has prepared him well to assume a role focused on
enterprisewide risk management. Garry is a Certified Internal Auditor
(CIA), Certified Fiduciary and Investment Risk Specialist (CFIRS) and
holds a Certification in Risk Management Assurance (CRMA).
Armondo Burnette joins the company as Managing Director, Chief Audit
Executive. He will work with the Audit Committee and Executive
Management to assess, direct and maintain The Bancorp’s audit management
plan and oversee internal audits, risk assessments and audit finding
remediation. Burnette’s career spans more than 25 years in the areas of
internal audit management, financial operations, information technology,
business process improvement, and organizational analysis and design.
Most recently, he was Director, National Business Advisory Services, for
Grant Thornton LLP, and earlier he was Senior Vice President, Chief
Audit Executive at First Bank of Delaware. His professional designations
include Certified Public Accountant (CPA), Certified Information Systems
Auditor (CISA), Certified Financial Services Auditor (CFSA) and Six
Sigma Black Belt.
“Each of these individuals brings comprehensive experience in areas
critical to The Bancorp’s success,” said Hugh McFadden, Executive Vice
President and Chief Operating Officer. “They share our vision for this
company as we chart an exciting growth path, and have already begun to
put their stamp on our future.”
About The Bancorp
The Bancorp is dedicated to serving the unique needs of non-bank
financial service companies, ranging from entrepreneurial start-ups to
those on the Fortune 500. The company’s wholly-owned subsidiary, The
Bancorp Bank (Member FDIC, Equal Housing Lender), has been repeatedly
recognized in the payments industry as the Top Issuer of Prepaid Cards
(US), a top merchant sponsor bank and a top ACH originator. Specialized
lending distinctions include National Preferred SBA Lender, a leading
provider of securities-backed lines of credit, and one of the few
bank-owned commercial leasing groups in the nation.
For more information, please visit www.thebancorp.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170726006353/en/
The Bancorp Contact
Andres Viroslav, 215-861-7990
aviroslav@thebancorp.com
Source: The Bancorp, Inc.