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Wilmington Trust hires Carol Baldwin Moody to head enterprise risk management

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Wilmington Trust has hired Carol Baldwin Moody as senior vice president and chief risk officer to head a newly centralised enterprise risk management division.

An attorney and 25-year financial services industry veteran, Baldwin Moody has extensive US and international experience in legal, compliance and risk management in the banking, insurance, pension, private equity and mutual fund sectors.

At Wilmington Trust, Baldwin Moody leads the direction and execution of all aspects of risk management, including credit, legal, compliance, fiduciary, financial, operational, reputational, strategic, technology, fraud, human resources and business-continuity risk.

She is responsible for ensuring consistency in, and adherence to, the company’s framework of risk management standards, policies, and procedures.

She reports directly to Donald E. Foley, Wilmington Trust’s chairman and chief executive. She also works closely with the company’s general counsel, Michael A. DiGregorio, and the board of directors’ risk management committee.

"Given the changing regulatory landscape and our plans to expand our corporate client and wealth advisory businesses internationally, centralizing our risk management activities became imperative," says Foley. "Carol’s broad-based background made her the ideal candidate to lead our risk management efforts, and we expect to benefit greatly from her expertise."

Baldwin Moody joined Wilmington Trust from Nationwide Insurance, where she was senior vice president and chief compliance officer. In that role, she led a centralised team of professionals who worked to ensure regulatory compliance and the alignment of all risk management activities throughout the company.

Prior to Nationwide, Baldwin Moody was chief compliance officer for TIAA-CREF, where the scope of her responsibilities included compliance management of the organisation’s mutual fund complex and investment advisers.

She also served as managing director and general counsel of TCW/Latin America Partners, a private equity firm. Before that, she worked for Citicorp, where she started as a senior attorney and rose to become head of compliance for the global relationship bank and the first African-American woman on Citicorp’s corporate leadership team.

She began her career as a corporate attorney at the law firm of Debevoise & Plimpton.

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