Silicon Valley Bank's Chief Risk Officer Joined 2 Months Ago

svb.com

32 points·dougSF70··10 comments

The real story is that their previous risk officer stepped down and they didn't have someone for 8 months.

https://fortune.com/2023/03/10/silicon-valley-bank-chief-ris...

I don't see why this is relevant. She's only been there 2 months, she barely has enough time to understand the layout, she most definitely had nothing to do with the current situation.

I can’t see how anyone could seriously blame her for any of this, I don’t think the poster intended to imply that.

This is pretty amusing in retrospect though. The last chapter is definitely an important one!

> I am excited to lead SVB’s outstanding risk management team and continue to build SVB’s risk management framework and capabilities in this important next chapter of the firm’s trajectory,” said Olson.

I am not implying she is to blame at all.

Perhaps brought in to be the fall person, eh?

The issue lies in the fact the role was vacant for 8 months. By the time she arrived, it was too late.

I mean, the title has already been editorialised. It’s valid to criticise the incorrect focus.

More importantly, why did the previous one leave? What did she know?

This might explain part of the current situation.

I'm not sure since the issues go back years not months

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