U.S. Bank announced that it has named Troy Remington as chief credit officer. Remington has been serving as interim chief credit officer since early August, when the former chief credit officer accepted a new leadership role within the company. Remington will report to Jodi Richard, U.S. Bank’s chief risk officer.
“Troy’s depth of credit risk knowledge, familiarity with U.S. Bank and our credit culture, and his strong reputation as a collaborative and thoughtful business partner made him a stand-out candidate”
“We’re excited to have Troy in this role and pleased we were able to fill this critical position from within,” Richard said. “Troy’s depth of credit risk knowledge, familiarity with U.S. Bank and our credit culture, and his strong reputation as a collaborative and thoughtful business partner made him a stand-out candidate”
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Remington will lead the company’s Credit Risk Management division, which is responsible for establishing credit policies for all business units and products, ensuring transactions are approved according to policy, and developing and implementing processes that include measuring, tracking and reporting the credit risk generated in the course of business. Remington also will be responsible for providing oversight and management of the company’s default management and counterparty credit risk exposure.
Remington currently is executive credit officer and head of portfolio risk management. He joined U.S. Bank in 2005 and has held several roles of increasing responsibility within Credit Risk Management.
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Remington has a bachelor’s degree in economics and business administration from Coe College in Cedar Rapids, Iowa. He is a graduate of the Pacific Coast Banking School and the Wharton/Risk Management Association Advanced Risk Management Program.
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