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ORX is owned and driven by our members. We work collaboratively towards a future where financial institutions are prepared and resilient, protecting the global economy and all of us from inevitable risks in our constantly evolving world. Our Board is key to helping us achieve this goal.

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About our Board

We have a Board of Directors who are the principal decision-making body of ORX. The ORX Board of Directors is made up of 11 individuals, including a maximum of two external directors with the remainder being member representatives.

The Directors is recommended by the ORX Nominations Committee and elected, collectively or individually, by the ORX AGM. The Nominations Committee has a general duty to ensure that the Board is representative of the ORX membership. They recommend individuals to serve as Chair and Vice Chair, the recommendations then require approval by the ORX Board of Directors.

 



Responsibilities

The Board of Directors is the principal decision-making body of ORX. The powers, duties and the functioning of the board result from the Articles of Association and the Organisational Regulations adopted by the Board of Directors.

The board's core responsibilities include:

  • Ensuring that all member institutions are treated equally, irrespective of geography, size or sector
  • Determining ORX’s strategy, annual business plans and annual budgets
  • Determining of the rules and policies of ORX
  • Overseeing and regulating of all ORX's subsidiary bodies, including the managing board and sector governing committees
  • Appointing the ORX Chair, Vice Chair, Treasurer and Executive Director
  • Deciding any sanctions against member organisations

The Articles of Association, and other core documentation, are available on our Governance page.

Meet the ORX Board of Directors

 
Lisa Broomer

Lisa Broomer, Chair

JPMorganChase
 
Lisa has been with JPMorgan Chase for over 30 years and leads the firm’s efforts globally to quantify operational risk, including the methodologies used to estimate capital and losses under stressed conditions. Prior to this, Lisa was responsible for the operational risk management framework. Lisa’s experience is cross discipline and cross business, with roles in risk, finance, sales, operations, technology and internal audit spanning the corporate sector, investment banking and commercial banking business lines. Lisa earned an MBA in Finance from New York University and a BS in Finance from SUNY Albany. Lisa is married with two children.
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Shresti Bijou, Vice Chair (Finance)

NatWest Group
 
Shresti Bijou is an accomplished risk management professional with extensive experience in the financial services industry in the UK, South Africa and the Middle East. Currently serving as the Head of Operational Risk for NatWest Group since March 2023, Shresti is responsible for overseeing the operational risk framework and ensuring robust operational risk management across the organisation. Prior to this, she was the Head of Group Risk/ERM at FirstRand Limited where she managed the group risk management framework, developed and delivered strategic risk initiatives, and led the group's COVID-19 risk response. Her previous roles include Group Head of Operational Risk Management at FirstRand, and other various positions in organisations where she provided non-financial risk oversight. A recognised thought leader, Shresti was a member of the ORX Board from 2016 to 2022 and rejoined as a member in May 2024. She is an admitted Advocate of the High Court of South Africa and holds Bachelor of Law (LLB) and a Bachelor of Commerce from the University of KwaZulu-Natal (South Africa), complemented by an international executive development program from the Wits Business School.

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Giulio Mignola, Vice Chair (Services)

Intensa Sanpaolo

Giulio heads up the Enterprise Risk Management Department, governing Pillar 2 risks, Capital Adequacy, Integrated Risk Reporting, Stress Testing, Operational Risk analytics and Risk Data Aggregation and Reporting framework. He was formerly Head of the Group Operational Risk Management department.

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Regina Desler
Northern Trust
 
Regina is the Head of Non-Financial Risk Quantification at Northern Trust and leads operational risk analytics, loss data, risk profile reporting, and scenarios analysis. She joined Northern Trust in 2009 and is focused on quantitative and qualitative approaches for Stress Testing as well as operational risk assessments and profile reporting. Prior to joining Northern Trust, Regina worked in the economic consulting industry providing expert witness support for litigation. She holds a Ph.D. in mathematical macroeconomics from the University of Hamburg in Germany. 
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Efe Cummings
Nomura Group
 
Efe has been with Nomura Group since 2009 in various roles in risk management and currently leads the firm’s Global Operational Risk Management function. Prior to joining Nomura, he worked as a consultant advising financial services firms on risk and regulatory matters. Efe holds a BA from Cornell University and an MPA from the London School of Economics.
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Günther Helbok 
Unicredit
 
Günther is known as a long standing operational and reputational risk expert. He is currently responsible for Data Science and Credit Risk Models, leading the Bank Austria effort in redeveloping IRB models, PSD2 ready pre approved consumer loan models as well as the bank wide development and implementation of machine learning models in the risk management area.
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Karin Griffin
Standard Bank Group
 
Karin Griffin is an experienced Head of Non-Financial Risk Management with a demonstrated history of working in the financial services industry since 1999. She worked in both Corporate and Investment Banking as well as Retail Banking in the Standard Bank Group. Karin gained experience in numerous risk management roles over the last 15 years. Prior to her role as Head of Non-Financial risk she was the Group Head of Operational risk. Her passion is to simplify Non-Financial Risk and deliver it in an integrated, digital manner, enabling Risk as a Service that empowers conscious risk taking.
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Richard McCulloch
Suncorp
 
Richard is a career banker having held front line roles in Suncorp across Retail and Business Banking networks, and senior roles across Group Credit, Credit Policy and Credit Portfolio Management. Richard was appointed Executive General Manager of Group Operational Risk and led the development and implementation of the Suncorp Group Operational Risk Management Framework, Business Continuity Framework, and crisis response capability. Since returning to Suncorp Bank in 2016 Richard has supported the maturity of operational risk management capability across 1st and 2nd LoD teams and led strategic risk transformation programmes to embed advanced operational risk management practices across the Banking and Wealth business.
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Céline Samain
Axa Group
 
Céline has worked across the car, asset management and insurance industries. She held various positions in AXA over the past 20 years at entity and corporate level. She is Head of Operational Risk, Information Risk and Internal Control at AXA Group. She has worked in numerous international transformation programmes in business or risk teams.
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Barbara Ridpath
External Director
 
Barbara Ridpath is an external director of ORX. She is also a non-executive director of Paragon Banking Group. She is Chair of the Church of England’s Ethical Investment Advisory Group, an Associate Fellow at Theos, and sits on the international advisory council of the Institute of Business Ethics. Barbara worked in finance for most of her career in New York, Paris and London at the Federal Reserve Bank of New York, Standard & Poor’s and JPMorgan. She holds an A.B. degree cum laude from Smith College and a Masters in International Affairs from Columbia University.

Managing risk together

"As operational risk is pervasive, we need to collaborate and share learning from each other in order to more efficiently manage op risk as an industry." 

ORX member firm