The Bank Slate


OCC names new chief climate risk officer

The Office of the Comptroller of the Currency has named a new chief climate risk officer. 

The OCC said in a press release Monday that Nina Chen had accepted the post. She will lead the agency’s climate risk efforts tied to supervision, policy and external engagement. 

Chen will report to Acting Comptroller of the Currency Michael Hsu. 

“We are fortunate to have someone with her background and experience in both finance and climate-related financial risk to lead the agency’s risk management work in this area,” Hsu said in the release. 

“She is an asset to an already strong and dedicated team of OCC staff focused on the safety and soundness of our banks and the financial system,” Hsu added.

Chen previously served as the first executive deputy superintendent of the climate division at the New York State Department of Financial Services where she was responsible for integrating climate-related financial risks into supervision activities.

Before joining DFS, she was the director of conservation investments at the Nature Conservancy. She has also held positions in asset management at Goldman Sachs and as a vice president at Royal Bank of Canada Global Arbitrage and Trading.

Chen succeeded Jonathan Fink, who had been handling the duties in an acting capacity since March. Fink remains a senior adviser to Hsu.

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