Top risk expert joins Warrington’s bank

AN experienced risk and compliance expert has been appointed to the board of Redwood Bank – the Challenger Bank one-third owned by Warrington Borough Council.
Alan Brown’s executive director role is as chief risk officer – responsible for the bank’s risk identification and mitigation activities.
He started working for the award-winning bank in April 2017 as director of risk and compliance, but quickly progressed, largely because of his extensive experience and attention to detail.
Chief executive officer Gary Wilkinson said: “This is a fantastic opportunity and is well deserved. Alan is meticulous, methodical and takes pride in what he does. He always goes above and beyond, which is why we wanted to recognise him and the importance of the vital role he plays.
“Identifying, mitigating, and adhering to risk and compliance is vital within the banking industry and having Alan overseeing Redwood’s activities means we’re in safe hands.”
Mr Brown has more than 30 years’ experience in financial services, within both bank and building society sectors.
He has held several senior management positions in some of the larger financial institutions, responsible for risk and balance sheet management, operations, systems and controls and investment portfolios.
More recently he has worked for two challenger banks, firstly leading the development and operation of liquidity management in TSB during the building of the bank, leading to its separation from Lloyds Banking Group. He then headed the market risk function for Williams and Glyn as it prepared for separation from Royal Bank of Scotland.
Mr Brown said: “It’s humbling to have been appointed as a board member. I take my responsibilities extremely seriously and this appointment confirms the importance of a strong risk and compliance function to the bank.
“I look forward to embracing my new role as chief risk officer, guiding Redwood Bank through the continuous challenges of achieving high standards of risk management, compliance and governance.”
Redwood Bank was launched in August 2017.