June 19, 2013 - Omgeo, the global standard for post-trade efficiency, today announced that Jeannie Shanahan has been named its new managing director of governance, risk management and compliance (GRC). In this role, Ms. Shanahan will focus on developing and implementing risk-based compliance programs that support Omgeo's ongoing commitment to providing services that reduce operational and counterparty risk and promote regulatory compliance.
Ms. Shanahan will lead Omgeo's legal and regulatory compliance initiatives to ensure all Omgeo services promote compliance with anti-money laundering/OFAC mandates, insider trading, records retention and anti-bribery/corruption laws and regulation. She will additionally drive the organization's SSAE 16 compliance through control testing and reporting, validating the strength and effectiveness of Omgeo's controls over the integrity of its solutions and the security and confidentiality of information processed through its systems.
Bringing more than 25 years of industry experience and risk management expertise to Omgeo, Ms. Shanahan most recently served as a credit risk director with State Street Global Advisors, where she developed and executed global credit risk programs. Prior to State Street Global Advisors, Ms. Shanahan held senior management positions at Fidelity Investments and Bank of Boston.
"We welcome Jeannie to our team at a critical time in the evolution of the markets, as regulation increasingly affects risk management and compliance," said Marianne Brown, President and CEO at Omgeo. "Her leadership and experience in this area will be integral to Omgeo's ongoing commitment to providing the highest levels of service availability and information security to our clients while maintaining a comprehensive legal and regulatory compliance infrastructure."
"Omgeo's role in the global capital markets is well defined by not only creating efficiencies in the trade life cycle, but also by reducing risk in clients' post-trade operations and on a systemic level," said Ms. Shanahan. "I look forward to contributing to an organization that is so committed to the importance of risk management and regulatory compliance, and where these principles guide the company's culture."
