About a-team Marketing Services
The knowledge platform for the financial technology industry
The knowledge platform for the financial technology industry

A-Team Insight Blogs

DTCC Names Reena Walia Managing Director of Equities Risk Management

Subscribe to our newsletter

The Depository Trust & Clearing Corporation (DTCC) announced today that Reena Walia has been appointed managing director of Equities Risk Management in its Enterprise Risk Management (ERM) Group.

In her new position, Walia will lead a team charged with assessing risk management across its National Securities Clearing Corporation (NSCC), Depository Trust Company (DTC) and EuroCCP subsidiaries and will provide oversight of current and potential risks that impact the company. She will be responsible for designing and managing the extensive technology initiatives that support risk management in those areas.

Walia will also be responsible for ensuring all of ERM’s equities-related policies and processes are aligned with the organization’s overall mission of mitigating risk and providing certainty, stability and reliability for the global financial markets. In addition, Walia will be charged with designing and implementing new risk systems and developing and implementing best practices in risk management. Walia will report to Douglas George, DTCC managing director and chief risk officer.

“The financial crisis has underscored the critical importance of having the best talent and robust risk management practices in place to protect the industry,” George said. “Risk management is a core function of DTCC, and Reena’s proven track record in leading these types of initiatives for a variety of financial products, services and markets will help DTCC as we transform how we manage risk in the organization. We are delighted to have someone of Reena’s talent and experience join DTCC to provide her leadership and extensive knowledge on this key issue.”

Walia is joining DTCC from Citigroup, where she was head of Americas Investment Products Risk, responsible for managing risk for over US$125 billion in assets under management. Prior to that, Walia held several positions with increasing responsibility at Credit Suisse, serving most recently as global head of Structured Products for Credit Risk, where she was responsible for a global risk book of over US$30 billion of complex products. Walia began her career at Dresdner Kleinwort Benson in Australia as a credit manager specializing in commodities, project financing and infrastructure financing.

Walia has deep expertise in risk management having successfully navigated some of the financial industry’s most complex and innovative transactions. Her risk management leadership extends to the development of risk policies and procedures; development of rating and stress testing methodologies; and strong decision making skills. Her risk career spans on both the buy-side and sell-side, with extensive experience to major asset classes globally.

Subscribe to our newsletter

Related content

WEBINAR

Recorded Webinar: Valuations for High-Yield Bonds

This webinar has passed, but you can view the recording here. MAKE DECISIONS WITH CONFIDENCE Financial services firms need access to accurate,transparent and complete data in order to meet complex business demands. Bloomberg understands these challenges, and is committed to providing innovative enterprise solutions and expert service. Bloomberg’s Cynthia Sachs and Varun Pawar, Head of...

BLOG

Juniper Square Seeks to Democratise Private Markets with Data

Juniper Square has, from a virtual standing start, become one of the fastest-growing providers of data and investor services to private-market participants. Earlier in the summer it received a US$130 million series D capital injection that underscored its prospects and valued the company within unicorn territory. That’s unsurprising for a company whose platform has, since...

EVENT

TradingTech Briefing New York

Our TradingTech Briefing in New York is aimed at senior-level decision makers in trading technology, electronic execution, trading architecture and offers a day packed with insight from practitioners and from innovative suppliers happy to share their experiences in dealing with the enterprise challenges facing our marketplace.

GUIDE

Entity Data Management Handbook – Third Edition

Welcome to the third edition of the Entity Data Management Handbook which is available for free download. In this updated edition we delve into the role entity data plays in the smooth running of financial institutions and capital markets, the challenges of attaining high quality data, and various aspects, approaches and technologies involved in managing...