Daniel Moore, Chief risk officer, Scotiabank
In April 2017, Scotiabank appointed Daniel Moore as chief risk officer, given his experience and strong focus on developing risk management strategies that align with the bank’s risk tolerance and business objectives. Today, Moore is responsible for global management of enterprise, credit and market risks, and sits on several of the bank’s committees, including its senior risk policy, asset liability, and market risk committees.
“I’d say what we consider ‘emerging’ or ‘non-traditional’ risks pose some of the largest pressures in the banking industry,” says Moore. “Across the industry, the increasing use of technology to focus on the customer’s experience exposes all institutions to new threats. For example, cyber security is a growing risk area that has my attention. The cyber landscape is evolving and we need to balance rapid innovation with vigilant safeguards.” Much like the insurance industry, data is the “very fabric” of the banking industry, with data risk management being a key focus for Moore moving forward: “Ensuring [data’s] confidentiality and integrity is crucial to protect our customers as well as the franchise. To address this, I’m focused on investing in talent, technologies and partners that will continue to drive thoughtful innovation throughout the bank.”