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: The Data Management Implications of BCBS 239

We plan to put the spotlight on this much overlooked but important regulation which has wide-ranging implications for risk data aggregation and reporting, data governance and data architecture. During this webinar we discuss: What is needed from a data management point of view to comply with BCBS 239 A view of progress across the industry...

BLOG

SmartStream Chief Jaffer Sees Rapid Change in Year at Helm

Just over a year into his tenure as chief executive of financial data automation provider SmartStream, Akber Jaffer finds himself surveying a data industry that’s changed enormously over his short time at the UK-based company. Chat GPT was a year old when he took on his new role and the artificial intelligence (AI) technology’s revolutionary...

EVENT

RegTech Summit London

Now in its 9th year, the RegTech Summit in London will bring together the RegTech ecosystem to explore how the European capital markets financial industry can leverage technology to drive innovation, cut costs and support regulatory change.

GUIDE

BCBS 239 Data Management Handbook

Our 2015/2016 edition of the BCBS 239 Data Management Handbook has arrived! Printed copies went like hotcakes at our Data Management Summit in New York but you can download your own copy here and get access to detailed information on the  principles and implications of BCBS 239 on Data Management. This Handbook provides an at-a-glance...