Daniel Moore, Chief risk officer, Scotiabank

Daniel Moore, Chief risk officer, Scotiabank

Toronto

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.”

"Across the industry, the increasing use of technology to focus on the customer’s experience exposes all institutions to new threats”

While looking to the future, Moore also reflects on the past, such as the 2008 financial crisis that highlighted the strength of the Canadian banking framework. “I’m proud of the work we did as a bank and as a country to weather the 2008 global financial crisis ... We maintained robust liquidity and capital positions while enjoying the benefits of our diversification strategy that extended across geographies, business lines and product offerings. I believe Scotiabank fared well largely due to our strong risk culture set by the top of the house and embedded throughout all levels of the organization,” he says.

Company Information

  • Scotiabank
  • Toronto, ON

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