OCC Appoints Grace Dailey, Grovetta Gardineer To Senior Executive Roles

Posted by Patrick Barnard on March 18, 2016 No Comments
Categories : Mortgage Servicing

Comptroller of the Currency Thomas J. Curry has announced that Grace Dailey is to be appointed senior deputy comptroller for bank supervision policy and chief national bank examiner and that Grovetta Gardineer will fill the newly created position of senior deputy comptroller for compliance and community affairs.

According to a release, Dailey will succeed Jennifer Kelly, who is retiring at the end of April after 37 years of service to the Office of the Comptroller of the Currency (OCC).

“Since joining the agency in 1983, Grace has honed her keen skill and sound judgment supervising banks of all sizes,” says Comptroller Curry. “She exemplifies what it is to be an OCC leader and understands the kind of policy and support our supervisory staff needs to keep national banks and federal savings associations safe and sound.”

In her new position, Dailey will direct the formulation of policies and procedures for supervising and examining national banks and federal savings associations. She will serve on the agency’s executive committee and committee on bank supervision.

Dailey previously served as a national bank examiner and assistant deputy comptroller in midsize and community bank supervision, examiner-in-charge of two of the nation’s largest banks, and deputy comptroller for large bank supervision.

According to Comptroller Curry, the OCC created the new senior deputy comptroller for compliance and community affairs position to address the fact that compliance risk management deficiencies pose safety and soundness risks.

“Accordingly, we need to focus on compliance as we focus on safety and soundness,” says Curry. “They are two sides of the same coin and require dedicated staff and infrastructure to ensure the appropriate balance.”

In this new role, Gardineer will serve as a member of the agency’s executive committee and committee on bank supervision, overseeing compliance exams of national banks and federal savings associations and managing the agency’s Community Affairs and Community Reinvestment Act programs. The release adds that Gardineer will retain her responsibilities for policy and examination procedures relating to consumer issues and anti-money laundering.

Gardineer, with more than 28 years of experience in bank supervision and regulation, previously worked for the Office of Thrift Supervision, where she served as the managing director for corporate and international activities. Before that, she was the managing director for supervision policy, where she handled capital policy, credit risk, trust operations, accounting policy and information technology risk.

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