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Larry Devey
Technology Regulatory Relations at Wells Fargo
Professional Background
Larry Devey is an accomplished leader with a comprehensive career spanning several decades in the financial services industry. He has excelled in a variety of roles, showcasing his versatility and adaptability in high-stakes environments. His extensive experience includes positions in regulatory exam and relationship management, senior risk management, and strategic planning, making him well-equipped to handle the complexities inherent in today’s financial landscape. Larry has demonstrated a profound capacity for driving diverse cross-functional teams toward achieving common strategic objectives. His results-oriented approach is coupled with a strong ability to engage and interact with all levels of management, regulators, and associates. This has been a key factor in his success throughout his career.
Larry’s knowledge encompasses a wide array of areas within the financial services sector, including credit cards, banking, lending, investment management, and brokerage. This broad expertise allows him to view challenges from multiple perspectives and develop innovative solutions that meet regulatory requirements while driving business success. His leadership style focuses on collaboration and fostering a culture of open communication, which has earned him respect among peers and stakeholders alike.
Education and Achievements
Larry Devey holds a Bachelor of Science degree in Finance and Management Information Systems from the University of Vermont. This educational foundation has equipped him with critical analytical skills and a strong understanding of the financial mechanisms that underpin effective decision-making in business. His academic background serves as a solid launchpad for his illustrious career in finance, enabling him to adapt to various roles in rapidly evolving settings.
Throughout his career, Larry has held numerous positions of increasing responsibility, each adding to his rich tapestry of experience. Most notably, he has served as a Business Risk & Control Senior Officer at Wells Fargo, where he was responsible for overseeing and enhancing risk management practices. His work with the Technology Regulatory Relations team at Wells Fargo has also been significant, as it involved close interaction with regulatory bodies to ensure compliance and foster constructive relationships.
Prior to his tenure at Wells Fargo, Larry held a series of impactful roles at Synchrony Financial, GE Capital, Webster Bank, and Citigroup. As a Senior Manager of Supervisory Affairs at Synchrony Financial, he demonstrated his ability to navigate complex regulatory environments. His contributions as a Regulatory Affairs Manager at GE Capital were pivotal in shaping the organization’s approach to compliance and risk management.
At Webster Bank, Larry excelled as the Senior Vice President of Risk Reporting and Analytics, where he transformed the risk reporting processes to align with industry best practices. He also served as a Business Financial Officer for Marketing and Product Development, as well as for Consumer Lending, demonstrating his ability to blend financial acumen with strategic marketing initiatives. His strategic finance expertise was further honed during his tenure as VP of Strategic Finance at Citigroup, where he played a key role in guiding financial strategies at a global scale.
Notable Achievements
- Leadership in Risk Management: As a Business Risk & Control Sr. Officer, Larry excelled in establishing robust risk management frameworks that not only met regulatory requirements but also enhanced the overall operational efficiency of the organization.
- Championing Regulatory Compliance: Throughout his career, Larry has been dedicated to ensuring that organizations remain compliant with ever-evolving regulations. His efforts in this area have helped foster trust and reliability in the financial institutions he has worked with.
- Driving Strategic Financial Initiatives: His experience as VP of Strategic Finance and in various Business Financial Officer capacities allowed him to drive significant strategic initiatives that resulted in increased profitability and market share for his employers.
- Enhancing Risk Reporting Processes: At Webster Bank, Larry's leadership in risk reporting and analytics led to the adoption of innovative practices that improved the clarity and effectiveness of risk communications to stakeholders.
Larry’s multifaceted experience, paired with his excellent educational background, positions him as a leading figure in the financial services sector. His commitment to excellence and proactive approach to challenges serves as an inspiration to peers and future leaders in the industry. As he continues to evolve professionally, Larry remains dedicated to pushing the boundaries of what is possible in financial services, fostering both compliance and innovation in every role he undertakes.
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