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KPMG in the UK appoints Chief Risk Officer

KPMG in the UK appoints Chief Risk Officer

KPMG in the UK has announced the appointment of Mary O’Connor as the firm’s Chief Risk Officer.

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Mary will be a member of KPMG’s Executive Committee and the UK Board and will oversee the firm’s risk management framework, including Quality and Risk Management and the Legal function.

Mary is an internationally recognised technical risk and regulatory expert, with experience in advising C-suite clients in relation to all aspects of risk. She joins KPMG from Willis Towers Watson, where she led the client and business development function and the global financial institutions industry group. Prior to this, Mary served as a senior regulator in both the US and the UK, including as the Head of Approved Persons at the Financial Services Authority.

Bill Michael, Chairman at KPMG UK said: “Mary is a high calibre leader in her field and I am delighted to welcome her to KPMG.

“Like any professional services firm we are operating in a period of significant change, and the risks we are facing are evolving - from complex regulatory and geopolitical change to providing new technology based services for our clients. Societal expectations of large businesses are also shifting, particularly for firms which have a public interest responsibility. It’s therefore essential that we continually invest in our risk management processes and procedures and seek fresh insights as to how risks are anticipated and managed.”

Mary will join KPMG at the end of August.

ENDS

 

Notes to Editors:

Biography:

Mary O’Connor is an internationally recognised technical risk and regulatory expert, with experience in advising C-suite clients in relation to all aspects of risk including transfer, mitigation, capital and operating models, the intersection of insurance and capital markets, and the role of talent, reward and culture in relation to risk.

 

Mary is a dual-qualified US and UK lawyer, and has served as a senior regulator in both countries. She speaks and writes extensively in relation to risk matters. She has been named one of Intelligent Insurer’s “100 Influential Women in Re/Insurance” in 2016 and 2017 and a Business Insurance 2017 EMEA “Woman to Watch.”

 

Recent roles include:

Willis Towers Watson, London.

January 2017 - August 2018. Head of Client, Industry and Business Development, GB.

October 2014 - December 2017. Head of Financial Institutions Industry.

October 2015 - January 2017. Co-Head of Financial Lines.

January 2012 - October 2014. Group Head of Risk and Compliance.

 

The Financial Services Authority, London.

May 2011 – January 2012. Head of Approved Persons.

February 2008 – April 2011. Manager, Enforcement and Financial Crime.

 

For press enquiries contact:

Zoe Sheppard, Head of Press Office at KPMG: +44 (0)117 905 4337 / zoe.sheppard@kpmg.co.uk    

 

About KPMG

KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff.  The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity.  Each KPMG firm is a legally distinct and separate entity and describes itself as such.

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