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Jay Newberry

Lecturer; Former Managing Director, Global Head of Operational Risk Management Framework, Citibank

Jay Newberry has over thirty years of experience in risk management.  He recently retired from Citigroup where he was responsible for Citi’s global Operational Risk Policy and Framework for identifying, assessing, monitoring, and communicating operational risk and the overall effectiveness of the control environment.

Newberry’s responsibilities included standards for Risk Identification and Monitoring, spanning risk appetite, key operational risks and key indicators, and concentration risk.  He was also responsible for standards for Scenario Analysis and related stress loss forecasting processes.

In addition, he established and oversaw the independent verification processes for operational risk covering Basel AMA and CCAR and has facilitated a number of Citi’s key global operational risk management governance committees.

Newberry led U.S. regulatory relations for operational risk at Citi and partnered across Citi on global regulatory matters.

Finally, in his most recent role, he had responsibility for developing Citi’s Lessons Learned Policy and program, spanning all risk types. 

Over many years, Newberry developed and delivered training in operational risk management for officers across Citigroup, including at the firm’s Senior Risk Seminar. 

Newberry’s prior experience at Citi included leadership positions in developing and executing credit risk analytics, portfolio derivatives, risk capital, and credit portfolio management tools.  He began his banking career as Senior Analyst in Citi’s Corporate Finance Analysis Department where he engaged in marketing initiatives and credit approvals for the large corporate market.

He has been an active participant with leadership roles in industry associations focused on thought leadership in bank risk management.

Currently, Newberry is Principal, Greenwich Risk Management Consulting, LLC, focused on Enterprise Risk Management and Operational Risk Management in the financial services industry. 

Education

  • M.B.A., Tuck School of Business, Dartmouth College
  • B.A., Middlebury College