Wilmington Trust has tapped 25-year financial services veteran Carol Baldwin Moody to lead “the direction and execution of all aspects of risk management,” the firm said Monday.
Moody, who is also an attorney, joins the Delaware-based firm as a senior VP and chief risk officer. She will head its newly centralized Risk Management Division. In the role, Moody will have leadership over all credit, legal, compliance, fiduciary, financial, operational, reputational, strategic, technology, fraud, human resources and business-continuity risk, the Aug. 23 press release said.
"Given the changing regulatory landscape and our plans to expand our Corporate Client and Wealth Advisory businesses internationally, centralizing our risk management activities became imperative," firm Chairman and CEO Donald Foley explained in his comments. "Carol's broad-based background made her the ideal candidate to lead our risk management efforts, and we expect to benefit greatly from her expertise."
Prior to joining Wilmington Trust, Moody served as a director of Carver Bancorp since 2003. Carver is a New York-based holding company for Carver Federal Savings Bank, the largest African-American-operated bank in the U.S. Alternately, in other roles, she was a senior VP and chief compliance officer at Nationwide Insurance and held a similar post at TIAA-CREF, the statement said.
Her new position will center on “ensuring consistency” for Wilmington Trust’s risk management standards, policies and procedures. Moody said in the release that she looks forward to “applying [her] experience to this newly centralized role.”
Currently, Wilmington Trust provides regional banking services through the mid-Atlantic region and wealth advisory services to high-net-worth individuals in 36 countries and corporate client services to its institutional clientele in 89 countries, the press release said.