Jeremy Smith, CRO
Professional Overview
Jeremy Smith is a seasoned financial services executive with over 20 years of experience in risk management. As the Chief Risk Officer (CRO) at Wells Fargo, he is responsible for overseeing the company's enterprise-wide risk management strategy and ensuring regulatory compliance. With a strong background in market risk, counterparty risk, and commercial banking, Jeremy brings a deep understanding of the complexities and challenges facing the financial industry.
Experience Summary
Current Role
As the CRO at Wells Fargo, Jeremy is tasked with developing and implementing a comprehensive risk management framework to identify, assess, and mitigate various risks across the organization. He oversees a team of risk professionals and works closely with senior leadership to make informed decisions that align with the company's risk appetite and strategic objectives. Under his leadership, Wells Fargo has strengthened its risk management capabilities, enabling the organization to navigate complex market conditions and regulatory changes more effectively.
Career Progression
Prior to his current role, Jeremy held several key positions within Wells Fargo, including Chief Market Risk Officer and Head of Enterprise Counterparty Risk Management. In these roles, he played a pivotal part in enhancing the bank's risk management practices and improving its ability to anticipate and respond to emerging threats. Earlier in his career, Jeremy served as a Managing Director at Wells Fargo Securities and a Senior Vice President in the Commercial Banking division, where he honed his expertise in credit risk and commercial banking operations.
Academic Background
Jeremy holds a Master of Business Administration (MBA) from the University of California, Berkeley, where he specialized in Finance and Risk Management. He also earned a Bachelor of Science (BS) in Economics from the University of Pennsylvania, where he graduated with distinction.
Areas of Expertise
- Enterprise-wide risk management
- Market risk and counterparty risk analysis
- Commercial banking and credit risk management
- Financial regulatory compliance and reporting
- Quantitative risk modeling and analytics
- Strategic risk-based decision making
- Leadership and team management
Professional Impact
During his tenure as CRO, Jeremy has played a pivotal role in strengthening Wells Fargo's risk management capabilities, enabling the organization to navigate the challenges posed by the COVID-19 pandemic and maintain a strong financial position. He has been instrumental in enhancing the bank's risk management frameworks, optimizing its capital allocation strategies, and fostering a strong risk culture across the organization. Jeremy's industry contributions and thought leadership have been recognized through his active participation in various industry forums and his publications on emerging risk management practices.
Conclusion
With his extensive experience, proven track record, and deep understanding of the financial services industry, Jeremy is well-positioned to continue guiding Wells Fargo's risk management efforts and contributing to the organization's long-term success. His strategic vision, technical expertise, and collaborative leadership style make him a valuable asset in the ever-evolving risk landscape.
