Chicago, Ill (PRWEB) October 13, 2014
OCC announced today that Laurie Flom has joined OCC as First Vice President and Head of Enterprise Risk Management.
Ms. Flom comes to OCC from Associated Banc-Corp where she served as Senior Vice President, Director, Enterprise Risk Management. In that role, she was responsible for developing and implementing the bank's enterprise risk management framework. Prior to that, she held similar positions as Senior Vice President, Enterprise Risk Management at Northern Trust Company and Senior Vice President, Head of Services Risk Management at LaSalle Bank Corporation. Ms. Flom has additional experience operating as a commercial banker before specializing in risk management.
“We are very pleased to welcome Laurie to OCC,” said Craig S. Donohue, OCC Executive Chairman. “Her extensive experience in developing, implementing and managing successful Enterprise Risk Management (ERM) programs will accelerate OCC's efforts to further enhance and mature our own ERM program, as we strive to meet the heightened expectations that regulators and market participants have for systemically important clearinghouses like OCC.”
Ms. Flom received her Bachelor’s degree in Economics from the University of Wisconsin, Madison.
OCC is the world's largest equity derivatives clearing organization. Founded in 1973, OCC operates under the jurisdiction of both the Securities and Exchange Commission (SEC) as a Registered Clearing Agency and the Commodity Futures Trading Commission (CFTC) as a Derivatives Clearing Organization. OCC now provides central counterparty (CCP) clearing and settlement services to 16 exchanges and trading platforms for options, financial futures, security futures and securities lending transactions. More information about OCC is available at http://www.theocc.com.