Richard Taft Named Deputy Comptroller for Credit Risk

WASHINGTON — Richard Taft today was named to be Deputy Comptroller for Credit Risk at the Office of the Comptroller of the Currency (OCC).

In this role, Mr. Taft will serve as a principal advisor on credit risks facing the banking system and oversee the agency’s Commercial and Retail Credit Policy units.  Mr. Taft will assume these responsibilities in May and succeeds Darrin Benhart, who became the Deputy Comptroller for Supervision Risk Management in October 2014.  He will report to Jennifer Kelly, the Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner.

Mr. Taft has served in a variety of technical and managerial positions since joining the OCC in 1984 as a Community Bank Examiner in Los Angeles.  Since earning his commission as a National Bank Examiner in 1989, he has taken on a succession of roles that included Regional Bank Analyst, Large Bank Credit Examiner, Midsize Bank Examiner-in-Charge, Large Bank Team Leader, Examiner-in-Charge of our London Office, and most recently, the Examiner-in-Charge of PNC Bank, NA, in Pittsburgh.  

“The OCC will benefit from Rich’s understanding of how supervisory guidance is communicated and implemented in the field, as well as the relationship between the various aspects of credit risk and the myriad of other issues that field examiners have to factor into their daily work,” said Ms. Kelly.

Mr. Taft graduated from the University of Denver in 1984 and earned a master’s in business administration from New York University in 2001.