APRA creates new EGM position
The Australian Prudential Regulation Authority (APRA) has added to its senior executive team with the creation of the role of executive general manager, strategy/chief risk officer.
The regulator said it had appointed Therese McCarthy-Hockey to the role which would see her being responsible for APRA's Supervision Framework and Enterprise Strategy & Risk functions.
McCarthy-Hockey will take up her appointment in February next year and has extensive financial markets experience gained both in Australia and overseas.
The APRA announcement said McCarthy-Hockey’s role would have responsibility for both the design and maintenance of the processes and techniques used by APRA's supervisors to assess risks within regulated institutions, as well as the framework APRA uses to oversee its own risks.
It said she would also oversee APRA's strategic and business planning, accountability and performance reporting processes.
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