Group Managing Director in Nykredit - one of the leading financial groups in Denmark with banking and mortgage lending being the core business areas.Nykredit is a customer-oriented financial mutual founded by homeowners – for homeowners – with the clear objective to make it possible for everyone in Denmark to own their own home. This is the way it has been for 165 years. In addition to being Denmark’s largest lender, we are also one of the largest private bond issuers in Europe.

Adm. Direktør for Totalkredit, der blev skabt i 1990 i et unikt samarbejde mellem regionale og lokale pengeinstitutter, som gik sammen for at sikre deres kunder adgang til realkreditlån hos den lokale rådgiver. Totalkredit er i dag en del af den foreningsejede Nykredit-koncern og Danmarks største udbyder af Realkreditlån til ejerboliger.

As a customer-owned bank and mortgage provider, Nykredit has always focused on giving back. As an executive leader – essentially the Chief Risk Officer – with more than a decade of experience at Nykyredit, I ensure that the internal governance framework not only complies with regulatory requirements, but also enables the bank to achieve is primary mission: to do more for our customers and for society.♦ INTEGRATIONI assumed leadership of the risk department in 2015 and then was given the responsibility for the compliance department in 2019. I aligned the efforts across these two functions – with 55 managers and employees – to provide a comprehensive overview of risk and capital conditions for the Group’s board, the Danish Financial Supervisory Authority, and other external stakeholders. I also optimized processes and introduced more rigor to the department’s daily work efforts.♦ OVERCOMING SILOSOrganizations are often confronted with the need to compile and report critical data from across the enterprise. I led a change initiative to standardize the type of data gathered and the format in which it was communicated to the Board of Directors to overcome a previously fragmented process. The result was a unified framework, yet easily accessible system, to report risk and compliance.♦ DATA QUALITYAccurate data is essential to governance. I have led a number of projects to establish a new model committee, test and validate models, produce more robust data, research and implement a Governance, Risk & Compliance (GRC) system, streamline quarterly reporting, and develop new market risk models (VaR).♦ COMMUNICATION & LEADERSHIPI have served on the Group Risk Committee, chaired the Model Committee and Property Price Committee, and regularly interface with the Board of Directors and Executive Board.

Having wrapped up my assignment in Customer Processes – and solidifying my business acumen – I used my expertise in process optimization to assess the performance of current products and to develop new products, including a viable model as the market moved toward negative interest rates.♦ STRATEGIC PLANNINGIn addition to preparing and implementing the model for negative interest rates, I also drove efforts to complete detailed analysis and implementation roadmaps for 3 price changes initiatives, working to minimize any negative impact on our 600,000 customers.♦ PRODUCT PLANNING & IMPLEMENTATIONAn important focus of my work was ensuring that our product offerings were market-oriented and competitive. Other focus areas included implementing second-level support for customer advisors and developing an agile mortgage platform.♦ CHANGE MANAGEMENTAs the company restructured, I served as a resource to help middle managers and employees through the transformation.

The earlier chapters of my career with Nykredit focused on risk analysis and management, but I also had the opportunity to work for two years on projects and initiatives that more directly touched our key stakeholders, the customers.♦ CUSTOMER PROCESSESLeading a 12-member team, I oversaw the entire range of processes and systems for private and SME customers. Examining processes from one end to the other, I asked hard questions about applicability, resource utilization, and customer engagement.♦ INTEGRATIONFollowing the acquisition of a smaller bank, I developed and implemented to strategic plan to integrate the processes of the two organizations, looking closely at each functional area to ensure that processes going forward would meet a wide range of client needs and comply with legal and regulatory requirements.♦ RISK MANAGEMENTWith the introduction of Base II, I developed advanced credit models, helped established the framework for operational risk management, and assessed new capital adequacy rues. Later, I coordinated the process to negotiate the advanced credit models with the Danish Financial Supervisory Authority. In my final role leading the Capital & Solvency department, I defined the new capital policy, formulated reports to communicate risk and capital conditions, and prepared risk maps and assessments.

Analysis of finansiel markets. Development of Oprisk framework. Basel II.