The committee is composed of senior executive risk management professionals who represent the Institutional membership.
President: David O’Brien, Group General Manager, Risk Metrics & Measurement, ANZ
Vice President: Megan Holt, Partner, Financial Services, Consulting, Ernst & Young
Treasurer: Megan Readdy, Chief Risk Officer, Great Southern Bank
Secretary: Catherine Thrum, Chief Risk Officer, Group Functions & Services, Westpac
General Committee Members (including as alternate):
Laura Box, Partner, Risk Consulting, PwC Australia, PwC
Bosco Mendez, Head of Credit Decisioning, Bendigo & Adelaide Bank
Tara Cahill, Chief Risk Officer, Enterprise Services, Commonwealth Bank of Australia
Caroline Brell, Partner, Risk Advisory, Deloitte Australia
Teena Rowell, Chief Risk Officer, Enterprise Risk & Compliance, Suncorp Group
Warren Dunn, Partner, KPMG Forensic Financial Services lead
Jeff McArthur, Chief Risk Officer, Greater Bank
Management Committee Profiles
President: David O’Brien
Group General Manager, Risk Metrics & Measurements, ANZ Banking Group
David is Group GM Risk Metrics & Measurement at ANZ, with responsibility for provisioning and RWA calculations, credit risk models, risk systems & information delivery and enterprise risk & stress testing.
David joined ANZ in 1997 and since that time has held senior risk roles in Australian Retail Mortgages, Global Markets, Consumer Finance and Group Treasury.
David holds a Bachelor of Science and a PhD in mathematics from the University of Melbourne. He has been a member of RMA Australia since 2006.
Vice President: Megan Holt
Partner, Financial Services, Consulting, Ernst & Young
Megan brings over 15 years of experience assisting financial institutions improve their risk management operations and execute on regulatory initiatives. Prior to joining Ernst & Young, Megan spent five years at APRA and the RBA, where she contributed to client supervision, risk inspections, transaction approvals and various regulatory initiatives.
Megan works with large conglomerate groups and banks with risk transformations, regulatory change projects, new market entry, embedding risk management and risk assurance.
Treasurer: Megan Readdy
Chief Risk Officer, Credit Union Australia (CUA)
Megan joined CUA in February 2017 and leads the development, implementation, challenge and assurance of CUA’s risk management strategy. The risk team’s focus is to proactively drive a culture of best practice risk management. Megan is an enthusiastic advocate for CUA’s role in the community and outside of work, she is passionate about supporting local issues and volunteering.
An experienced risk and finance professional with more than 20 years’ experience, much of Megan’s career has been with Macquarie Group and Suncorp Bank. Her career began in lending and she has a deep understanding of financial services, having also worked across a variety of other roles in credit assurance and credit policy, Treasury and capital management and risk.
More recently, Megan has held executive positions with responsibility for areas including the management of capital, forecasting, business performance and enterprise-wide initiatives associated with the Basel regulatory framework and prudential banking standards.
Secretary: Catherine Thrum
Head of Governance, Frameworks, Prudential & Risk Culture, Westpac
Catherine is Head of Governance, Frameworks, Prudential & Risk Culture at Westpac Banking Group. In this role, Catherine is responsible for Risk Governance, Risk Frameworks, Risk Culture and Prudential Governance.
Catherine is Westpac’s representative on the Risk Management Association Management Committee, has previously Chaired the Committee and is currently the Secretary. In this role, Catherine has led the Risk Management Association Senior Women in Risk Roundtable.
Catherine’s key areas of interest include best practice risk governance, risk culture and strategy. A strong supporter of women in risk, Catherine mentors a number of promising young Risk professionals.
Prior to her current role, Catherine held various roles within Westpac including in Credit as Head of the Commercial Credit team and Head of Credit Strategy and Policy team, in Group, as Head of Credit Policy and Risk Governance; and in the Institutional Bank in both the structured asset-backed finance and debt capital markets businesses.
Catherine has a business degree from the University of Technology, has completed AGSM Executive Programs in Leadership and Strategy.
General Committee Profiles
Partner, Risk Consulting PwC
Laura is a Partner in the PwC Risk Consulting team and the Chief Operating Officer for the Financial Services industry at PwC Australia.
She is a financial services risk and regulation transformation specialist with over 10 years of experience across the UK, the Middle East and in Australia.
Laura has extensive experience leading regulatory compliance and controls transformation programmes with Australia’s leading banks. She also has extensive experience delivering strategic and large-scale regulatory engagements with wealth management and insurance companies.
Laura holds a Bachelor of Science (Economics) from the London School of Economics and is a Chartered Accountant in the UK and Australia.
Partner, Risk Advisory, Deloitte
Caroline is a Partner in Deloitte’s Risk Advisory practice based in Sydney, Australia with over 18 years of experience consulting to clients across the financial services industry in relation to risk and regulatory issues.
In these roles she has supported her clients with regulatory response, specifically with APRA and ASIC mandated inquiry, supervision and enforcement.
Caroline has worked on and led a number of high profile regulatory enforcement engagements, large and complex remediation programmes, reviews and redesign of risk processes for her clients. During her career she has also been seconded into senior Risk and Compliance roles in the industry. She has a strong understanding of best practice risk processes and their interaction within the business, advising her clients on how these can be enhanced to drive commercial outcomes.
Caroline is passionate about delivering risk solutions that leverage technology to surface risks and compliance issues in a much more comprehensive and cost-effective way.
Head of Commercial Credit Risk, Bendigo & Adelaide Bank
Bosco is the Head of Commercial Credit at Bendigo and Adelaide Bank, and has overall responsibility for the quality of commercial loans originated across the Bank’s network.
Prior to joining Bendigo in 2015 Bosco spent over 20 years with the CBA in various roles with the last 16 years in credit risk, most of which were looking after clients in the Institutional Banking segment with industry
specialisations in Transport, Aviation, Infrastructure, Retail and Healthcare.
He has a Bachelor of Business – Banking & Finance, as well as a Masters of Applied Finance.
Chief Risk Officer, Enterprise Services, Commonwealth Bank of Australia
Tara joined CBA in August 2018 as the Chief Risk Officer, Enterprise Services reporting to the Group Chief Risk Officer, with Line 2 responsibility across Technology, Cyber, Supplier, Group Operations, Payments Utility and Delivery.
Prior to joining CBA, Tara worked at Westpac from August 2004 to December 2017, after a career of over 15 years in management consulting with KPMG and Ernst & Young in Europe and Australia.
Tara is an experienced leader who has worked with international clients and internal stakeholders across diverse industries and solutions, covering a broad range of integrated skills across risk management, IT and business strategy development, programme and project management, change management and communications, and process improvement.
Chief Risk Officer Strategic, Technology & Corporate, Suncorp Group
Teena Rowell joined Suncorp in 2000, and is currently Chief Risk Officer Strategic, Technology & Corporate. Teena leads the implementation of enterprise risk frameworks relating to strategic and project risks, driving awareness of key risks and promoting a strong risk culture. Teena also leads risk committee reporting for Suncorp, and works with senior leadership in Suncorp’s Customer, Technology and Corporate functions to build strong risk management that supports the group’s customer led strategy.
Teena has held senior executive positions in the Risk division since 2010, and was previously Chief Risk Officer of the technology and corporate functions. Prior to joining Risk, she worked in senior finance roles including CFO of the technology and shared services function.
Teena is a Chartered Accountant and prior to joining Suncorp worked at KPMG for 10 years, with industry specialisation in Financial Services and Energy and Natural Resources.
Partner, KPMG Forensic, Financial Services lead
Warren is a Senior Partner in KPMG’s Risk Consulting practice specialising in Risk, Remediation and Regulatory Conduct issues. Additionally, he is KPMG’s Financial Services Industry Lead for the Audit, Assurance and Risk Consulting division.
With some 30 years experience in Financial Services risk and regulation domain, he leads mostly high profile/sensitive and complex risk, conduct and regulatory compliance related projects and remediation programmes for his banking and insurance clients.
During his career he has been at the forefront investigating and remediating some of the largest failures in risk management in Australia including matters associated with Interest rate (BBSW/LIBOR) manipulation , AML/CTF breaches and failures, bribery and corruption scandals, fraud, royal commissions (AWB Food-for-Wheat, Building & Construction Industry, HIH).
His extensive real-world experience in investigating and remediating non-financial risk failures of an operational, compliance and conduct nature means he is well positioned to provide both strategic yet practical advice to his clients.
Chief Risk Officer, Greater Bank
Jeff is an internationally experienced Banker having been in the Financial Services Industry for over 20 years in the UK/Europe, New Zealand and Australia. This has included roles within Banking, Wealth, including insurance and investments including brands such as Lloyds Banking Group, Scottish Widows and Standard Life.
He is a passionate Banker who recalls his first day being introduced to his manager that included the ‘welcome to the world of risk management’ despite the role being in marketing! That has set him on the path to ensure that risk and compliance management can and should be a core integral part of any successful business.
In recent years he has sought to embed a technology and digital approach to risk and compliance management – not only responding to the emerging technology but using it to more efficiently and effectively manage risk. This sits complementary to his desire to continue to develop and enhance the capabilities of people.
Jeff was previously a Head of Compliance and also Head of Digital Risk at Westpac for 7 years prior to joining Greater Bank in 2019 as the Chief Risk Officer with accountabilities for all financial and non-financial risk.