NIGEL MURTAGH

Nigel Murtagh of Charles Schwab is part of Insurance Business America Leading Risk Mangers 2017

NIGEL MURTAGH
http://www.schwab.com/
Executive vice president, corporate risk
Charles Schwab
San Francisco, CA

Originally joining investment fi rm Charles Schwab in 2004 as chief credit officer, Nigel Murtagh’s role expanded in 2009 to include the company’s corporate risk management program.

“As a risk manager, you have to keep your eye on all the risks, even the ones you have well managed, or they will turn into problems,” Murtagh says. “Currently, it’s the types of issues that come from the outside, the risks you don’t select, that we are focusing on. For example, cybersecurity risks, where you can be attacked from anywhere in the world, and regulatory risks are not things you ‘select.’ Regulations can change the business or have meaningful impacts on the business, and it is not something you choose to enter into.”

In his role as EVP of corporate risk, Murtagh is responsible for enterprise risk management for Charles Schwab, including Charles Schwab Bank, working to identify credit, market and operational risk for one of the world’s largest discount brokerages.

“The key for Charles Schwab is where we started – to be the most trusted firm in financial services with the strategy to see the world through our clients’ eyes,” Murtagh says. “Having that foundation for a risk program, based on the vision and strategy for the fi rm, makes a tremendous difference.”

 

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