How Chief Risk Officers Guard Banks’ Credit Quality

As the industry faces the risk of loan delinquencies amid a high interest rate environment, inflationary pressures and more vacancies in office properties, Massachusetts’ community banks are promoting risk officers into their executive leadership teams to guard against credit risks.

Bank’s New Approach to Risk

As chief risk officer at The Cooperative Bank of Cape Cod, Scott Kwarta wants staff to see risk not as an obstacle but as an opportunity for the bank and its customers.