Professional Summary
Professional Overview
Paul Silva is an experienced Chief Risk Officer (CRO) with a strong background in risk management, compliance, and leadership. As the CRO of Greenwood Credit Union, he is responsible for developing and implementing comprehensive risk management strategies to ensure the organization's financial stability and regulatory compliance. With expertise spanning the banking and financial services industries, Paul is adept at identifying, assessing, and mitigating a wide range of risks to drive sustainable growth and protect the interests of stakeholders.
Experience Summary
Current Role
As the Chief Risk Officer at Greenwood Credit Union since 2019, Paul is instrumental in shaping the organization's risk management framework. He oversees the identification, analysis, and monitoring of various risks, including credit, market, operational, and reputational risks. Paul's leadership has been pivotal in strengthening the credit union's risk-aware culture, implementing robust risk reporting systems, and ensuring compliance with all applicable regulations and industry standards. Under his guidance, Greenwood Credit Union has successfully navigated various market challenges and maintained a strong risk profile.
Career Progression
Prior to his current role, Paul held several risk management and compliance positions within the banking and financial services sectors. As an Executive Partner at Bryant Partners LLC, he provided strategic advisory services to clients on regulatory compliance, anti-money laundering (AML), and risk management practices. Earlier in his career, Paul served as an Anti-Money Laundering Compliance Specialist and Assistant Vice President at Citizens Bank, where he played a key role in enhancing the bank's AML compliance program and ensuring its adherence to regulatory requirements.
Throughout his career, Paul has demonstrated a strong commitment to continuous learning and professional development. His cross-functional experience, coupled with his deep understanding of the financial industry, has enabled him to drive positive change and contribute to the success of the organizations he has served.
Academic Background
Paul holds a Bachelor of Science degree in Finance from the University of Rhode Island, where he graduated with honors. He has also completed various professional certifications, including the Certified Anti-Money Laundering Specialist (CAMS) and the Certified Risk Management Assurance (CRMA) designations, further strengthening his expertise in risk management and compliance.
Areas of Expertise
- Risk management strategy and framework development
- Regulatory compliance and reporting
- Anti-money laundering (AML) program implementation
- Credit, market, and operational risk analysis
- Enterprise risk management
- Financial analysis and reporting
- Stakeholder engagement and relationship management
Professional Impact
As a respected industry leader, Paul has made significant contributions to the credit union and banking sectors. He has been instrumental in strengthening Greenwood Credit Union's risk management practices, leading to enhanced financial stability, improved regulatory compliance, and increased stakeholder confidence. Additionally, Paul's involvement in industry associations and his participation in risk management conferences have allowed him to share his expertise and insights, contributing to the overall advancement of the risk management discipline.
Conclusion
With his extensive experience, strong technical expertise, and proven leadership abilities, Paul Silva is a versatile and highly sought-after Chief Risk Officer. His commitment to driving sustainable growth, mitigating risks, and fostering a risk-aware culture positions him as a valuable asset to any organization operating in the financial services industry.
