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Stephen Loch
General Manager, Audit & Risk
Professional Background
Stephen Loch is an accomplished aviation and risk management expert with an impressive career spanning over several years in the airline industry and public service. Currently serving as the Vice-Chair of the Iata Special Interest Group: Iaaia at the International Air Transport Association (IATA), he leverages his extensive expertise in risk management and compliance to contribute to the advancement of aviation standards globally. With a keen focus on strategic development and risk mitigation, Stephen has consistently demonstrated leadership and innovative thinking throughout his professional journey.
Prior to his role at IATA, Stephen held a pivotal position as a Stream Leader for the International Group Strategy Project at Virgin Australia, where he was instrumental in shaping long-term strategic initiatives that propelled the organization into a competitive market position. His tenure at Virgin Australia was marked by a series of progressive roles that highlighted his skills in internal audit, risk management, and compliance, culminating in his appointment as Chief Risk Officer. In this capacity, he was responsible for the organization's risk management framework, ensuring that the airline operated within acceptable risk parameters while safeguarding its assets and ensuring compliance with regulatory standards.
Stephen's career at Virgin Australia commenced as a Senior Internal Auditor, where his sharp analytical skills and attention to detail quickly made him a standout performer. He adeptly transitioned through various auditing roles, eventually becoming the General Manager of Internal Audit, Risk, and Compliance. During his time, he developed and implemented robust auditing practices that not only enhanced internal controls but also significantly improved operational efficiencies across the organization.
Education and Achievements
Stephen's educational journey laid a solid foundation for his expertise in risk management and strategic planning. He began his studies at Downlands College before moving on to the QUT Faculty of Education, where he honed his skills in critical thinking and leadership. He further expanded his academic credentials at the University of Southern Queensland, acquiring valuable knowledge that has been instrumental in his professional endeavors.
Throughout his career, Stephen has achieved various milestones that underscore his commitment to excellence in the aviation sector. His role in the IATA Special Interest Group has allowed him to collaborate with some of the leading minds in the industry, sharing insights and best practices that enhance safety and operational efficiency in aviation worldwide. His work not only contributes to the IATA's mission of representing and serving the aviation industry but also demonstrates his dedication to fostering collaboration among international stakeholders.
Achievements
Stephen's achievements in risk management and internal auditing are noteworthy. His innovative approaches in the auditing domain have led to significant improvements in risk assessment processes, helping Virgin Australia navigate complex regulatory environments effectively. Moreover, his strategic vision and insights into industry trends have been key drivers in formulating policies that align with both business objectives and regulatory requirements.
Stephen's ability to blend analytical rigor with strategic foresight enables him to approach challenges with a unique perspective, making substantial contributions to the organizations he has been part of. His commitment to professional development is evident in his continuous pursuit of knowledge and expertise in his field, ensuring that he remains at the forefront of emerging trends and best practices in aviation and risk management.