Bank of Canada’s Chief Risk Officer to speak Monday on Risk Management in a Changing Environment

Carol Ann Northcott, chief risk officer for the Bank of Canada, will share her views on what lies ahead for enterprise risk managers in a post-pandemic world during a special online session this Monday.

As hope grows that we are nearing an end to the Covid-19 and thoughts turn to re-opening the economy, speculation on what it will look like has grown by the day. Many people feel we should prepare for a “new normal” as some changes brought about by the pandemic will remain. A break from business as usual has also accelerated many plans for change efforts resulting from the disruption of new technology and geo-political trends – not to mention climate change.

Join the Schulich ExecEd for this special online event that promises to be enlightening and relevant for leaders in the days and months ahead.

To register for this important session, which will be held on June 21 at 2pm, click here.

About the Speaker

Carol Ann Northcott is the Bank of Canada’s chief risk officer (CRO) and managing director of the financial and enterprise risk (FER) department. As CRO, she reports to the Bank’s Board of Directors and works closely with management to identify and assess risks faced by the Bank. As the managing director of FER, she leads three teams that oversee enterprise, financial and credit risks.

Northcott was appointed chief risk officer in 2017 and as managing director of the newly created FER department in January 2019. She first joined the Bank in 1999, and in 2005 became an assistant chief in the financial stability department. She was a director in that department from 2009 to 2013 and represented the Bank on international working groups responsible for developing risk standards for banks and financial market infrastructures. Along with her deep understanding of enterprise risk management, she brings expertise in the Bank’s financial stability and oversight responsibilities.

Northcott served for three years as vice-president and chief risk officer of Payments Canada, during which time she was responsible for the organization’s enterprise risk management program, security and business continuity planning and research. She holds a master’s degree in financial economics from the University of Toronto.