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Nicholas Silitch
Nicholas Silitch is a prominent figure in the financial services industry, currently serving as the Chief Risk Officer (CRO) at Prudential Financial. With over four decades of experience in risk management, he has significantly influenced the development of risk frameworks and practices within the company.
Career Highlights
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Chief Risk Officer at Prudential Financial: Silitch has been instrumental in establishing and enhancing Prudential's enterprise risk management program. His leadership has fostered a risk-aware culture throughout the organization, especially during challenging times such as the COVID-19 pandemic. He has implemented initiatives that incorporate data science for real-time analytics and streamlined risk processes to improve collaboration across departments.12
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Recognition and Awards: In 2020, Silitch was named Chief Risk Officer of the Year by InsuranceERM, a testament to his outstanding contributions to risk management and his ability to adapt to evolving challenges in technology and climate risks.1
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Previous Experience: Before joining Prudential, Silitch spent nearly 30 years at Bank of New York Mellon, where he gained extensive insights into credit cycles and portfolio management. His deep understanding of market dynamics has informed his approach to risk management throughout his career.34
Current Roles
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Advisory Positions: After his tenure at Prudential, Silitch joined CrossCountry Consulting as a member of their Board of Advisors, where he provides strategic guidance on risk management trends and client solutions. He also serves on the Advisory Council of the International Association of Credit Portfolio Managers (IACPM) and is a Board Trustee for The Mayhew Program.36
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Academic Contributions: Silitch is involved in academia as a Practitioner in Residence at Georgetown University’s Walsh School of Foreign Service and teaches as an Adjunct Professor at Colby College, focusing on financial markets.45
Thought Leadership
Silitch is recognized as a thought leader in the risk management field, frequently speaking on topics related to enterprise resilience and strategic risk positioning. He emphasizes the importance of forward-looking approaches in risk management to better prepare organizations for future challenges.5
In summary, Nicholas Silitch's extensive background in risk management, coupled with his leadership roles and academic involvement, positions him as a key influencer in shaping contemporary practices within the financial services sector.