Ryan Specialty Holdings has announced the appointment of Waleed K. Husain as its first chief risk officer. Husain specializes in identifying, analyzing and mitigating internal and external risks for financial services firms.

Husain is an industry veteran in enterprise risk management. In 2011, he joined the Federal Reserve Bank of Chicago in the supervision and regulation department, where he had risk oversight for a portfolio of financial institutions in the aftermath of the 2008 financial crisis. He has also served as managing director and chief risk officer for JPMorgan Chase’s Consumer Community Bank and senior vice president of risk management at Wintrust Financial.

Read next: Ryan Specialty names diversity head

“We are excited to welcome Waleed to our team,” said Jeremiah R. Bickham, chief financial officer at Ryan Specialty. “Adding the role of chief risk officer is a natural evolution for Ryan Specialty, and Waleed has deep experience in enterprise risk management for financial services companies. We look forward to working with Waleed in our continual pursuit of operational excellence across our firm.”

“I am so pleased to have the opportunity to join Ryan Specialty,” Husain said. “The firm holds an outstanding reputation in the industry, and I look forward to strategically partnering with this highly skilled management team to develop new risk management solutions for such a world-class organization.”