SAN FRANCISCO, June 26, 2017 /PRNewswire/ -- Bank of the West today announced the appointment of Karin Lockovitch as the Bank's new Chief Compliance Officer, responsible for overseeing bank compliance with regulatory requirements and with internal policies and procedures. Lockovitch, who also serves as Executive Vice President and member of the Executive Management Committee at Bank of the West, will report to Nandita Bakhshi, President and CEO of Bank of the West and Co-CEO of BNP Paribas USA, and Eric Young, Chief Compliance Officer of BNP Paribas—Americas and CCO of BNP Paribas USA.
"Karin's experience makes her the ideal executive to lead our compliance team at Bank of the West," said Bakhshi. "We have a very strong compliance culture throughout the organization, and we are eager to have Karin join and help continue to strengthen our compliance program in the U.S."
Prior to joining Bank of the West, Lockovitch was Chief Compliance Officer at Zions Bancorporation, where she led the bank's compliance-related risk management, including all enterprise products and services. Her oversight of the enterprise compliance program included fair lending/banking, community reinvestment, privacy, tax reporting, testing and monitoring, regulatory change management, BSA/AML, risk issue management, analytics and training.
Before joining Zions, Lockovitch was Chief Compliance Officer for Consumer Banking at SunTrust. Previously, she was senior director of the Enterprise Compliance Risk program at Ally Financial; Chief Risk Officer at Target Bank; and held other risk management roles at Lehman Brothers and American Express.
"Karin brings tremendous experience and background in risk and compliance, and her knowledge and insight will be extremely valuable to our organization in this important role as the regulatory landscape continues to evolve," said Young.
Bank of the West's previous Chief Compliance Officer, Sylvie Brillaud, has transitioned to the Bank's Risk Group to serve as Chief Administrative Officer and Head of Enterprise Risk. Brillaud, who enhanced the Bank's compliance program in the U.S. in recent years, will provide oversight to the Risk Group and head several enterprise-wide risk management programs.
"Sylvie and her team have done a tremendous job managing the Bank's risk and compliance for the past several years, working closely with the senior leadership at the Bank and with regulators," added Bakhshi. "Sylvie has been instrumental in advancing our compliance processes both domestically and on an international scale."
About Bank of the West
Bank of the West is a regional financial services company headquartered in San Francisco with $83.8 billion in assets as of March 31, 2017. Founded in 1874, Bank of the West provides a wide range of personal, commercial, wealth management and international banking services through more than 600 branches and offices in 23 states and digital channels. Bank of the West is a subsidiary of BNP Paribas, which has a presence in 74 countries with more than 190,000 employees. To learn more about Bank of the West, visit About Us via BankoftheWest.com.
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SOURCE Bank of the West