According to reporting from the Wall Street Journal, Wells Fargo’s chief operational risk officer is leaving the bank to “pursue opportunities outside of the company.”
WSJ’s Emily Glazer writes that Mark D’Arcy, who joined in February 2017, is leaving Wells Fargo to “pursue opportunities outside of the company” and that his last day is Aug. 21, according to an internal memo from earlier this month that was described to the paper.
WSJ reports that Mark Weintraub, the bank’s head of audit for consumer banking, will succeed D’Arcy.
From the article:
The job of operational risk officer is key as the bank works to change its risk management framework to catch and prevent problems as part of the Fed’s enforcement action. Mr. D’Arcy also has oversight over regulatory reviews, including the annual stress tests and living wills.
Wells Fargo spokeswoman Richele Messick confirmed the moves and declined to comment on behalf of the executives. They didn’t respond to requests for comment.