US bank appoints Troy Remington as chief credit officer
US Bank today announced that it has appointed Troy Remington as Chief Credit Officer. Remington has served as Acting Credit Manager since early August, when the former Credit Manager took on a new management role with the company. Remington will report to Jodi Richard, chief risk officer of the US Bank.
“We are delighted to have Troy in this role and happy to have been able to take on this critical position from within,” said Richard. “Troy’s in-depth knowledge of credit risk, his familiarity with American banking and our credit culture, as well as his solid reputation as a collaborative and thoughtful business partner made him an outstanding candidate.”
Remington will lead the company’s credit risk management division, which is responsible for establishing credit policies for all business units and products, ensuring transactions are approved in accordance with the policy, and to develop and implement processes that include the measurement, monitoring and reporting of credit risk generated in the course of business. Remington will also be responsible for overseeing and managing the management of the Company’s defaults and the credit risk exposure of the counterparty.
Remington is currently Executive Director of Credit and responsible for portfolio risk management. He joined US Bank in 2005 and has held several positions of increasing responsibility in credit risk management.
Remington holds a BA in Economics and Business Administration from Coe College in Cedar Rapids, Iowa. He is a graduate of the Pacific Coast Banking School and the Wharton / Risk Management Association Advanced Risk Management Program.
About the American Bank
US Bancorp, with nearly 70,000 employees and $ 567 billion in assets as of September 30, 2021, is the parent company of the US Bank National Association. The Minneapolis-based company serves millions of customers locally, nationally and globally through a diverse mix of activities: personal and business banking; Payment services; Banking services for businesses and businesses; and Wealth and Investment Management Services. The company has been recognized for its approach to digital innovation, social responsibility and customer service, including being named one of the World’s Most Ethical Companies in 2021 and Fortune’s Most Admired Super-Regional Bank. Learn more at usbank.com/about.