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Green Dot Appoints Kim Olson as Chief Risk Officer

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Green Dot (NYSE: GDOT) has appointed Kim Olson as Chief Risk Officer, reporting directly to CEO George Gresham. Olson will oversee the company's risk management strategy and program execution.

Olson joins from Discover Financial Services where she served as Head of the Office of Remediation since November 2023, managing enterprise remediation of regulatory matters. She brings over 30 years of financial services experience, having held chief risk officer and senior risk oversight roles at global banking organizations.

Her career began at the Federal Reserve Bank of New York, where she held senior positions in banking supervision, policy, and regulation. The appointment aims to strengthen Green Dot's compliance and risk management foundation to support long-term growth.

Green Dot (NYSE: GDOT) ha nominato Kim Olson come Chief Risk Officer, riportando direttamente al CEO George Gresham. Olson supervisionerà la strategia di gestione del rischio dell'azienda e l'esecuzione del programma.

Olson proviene da Discover Financial Services, dove ha ricoperto il ruolo di Responsabile dell'Ufficio di Rimediazione da novembre 2023, gestendo la rimediatura delle questioni normative a livello aziendale. Porta con sé oltre 30 anni di esperienza nei servizi finanziari, avendo ricoperto ruoli di chief risk officer e di supervisione del rischio senior in organizzazioni bancarie globali.

La sua carriera è iniziata presso la Federal Reserve Bank di New York, dove ha ricoperto posizioni di alto livello nella supervisione bancaria, nelle politiche e nella regolamentazione. La nomina mira a rafforzare la base di conformità e gestione del rischio di Green Dot per sostenere la crescita a lungo termine.

Green Dot (NYSE: GDOT) ha nombrado a Kim Olson como Directora de Riesgos, reportando directamente al CEO George Gresham. Olson supervisará la estrategia de gestión de riesgos de la empresa y la ejecución del programa.

Olson se une a la compañía desde Discover Financial Services, donde se desempeñó como Jefa de la Oficina de Remediación desde noviembre de 2023, gestionando la remediación empresarial de asuntos regulatorios. Aporta más de 30 años de experiencia en servicios financieros, habiendo ocupado roles de directora de riesgos y de supervisión de riesgos senior en organizaciones bancarias globales.

Su carrera comenzó en el Banco de la Reserva Federal de Nueva York, donde ocupó cargos de alto nivel en supervisión bancaria, políticas y regulación. La designación tiene como objetivo fortalecer la base de cumplimiento y gestión de riesgos de Green Dot para apoyar el crecimiento a largo plazo.

Green Dot (NYSE: GDOT)는 Kim Olson을 최고 위험 책임자로 임명하고, CEO George Gresham에게 직접 보고하도록 하였습니다. Olson은 회사의 위험 관리 전략과 프로그램 실행을 감독할 것입니다.

Olson은 2023년 11월부터 Discover Financial Services에서 리미디에이션 사무소의 책임자로 재직하며 규제 문제의 기업 리미디에이션을 관리해왔습니다. 그녀는 30년 이상의 금융 서비스 경험을 보유하고 있으며, 글로벌 은행 조직에서 최고 위험 책임자 및 고위 위험 감독 역할을 수행한 경력이 있습니다.

그녀의 경력은 뉴욕 연방준비은행에서 시작되었으며, 그곳에서 은행 감독, 정책 및 규제 분야의 고위직을 역임했습니다. 이번 임명은 Green Dot의 준수 및 위험 관리 기반을 강화하여 장기적인 성장을 지원하는 것을 목표로 하고 있습니다.

Green Dot (NYSE: GDOT) a nommé Kim Olson au poste de Directrice des Risques, rendant compte directement au PDG George Gresham. Olson supervisera la stratégie de gestion des risques de l'entreprise et l'exécution du programme.

Olson rejoint l'entreprise en provenance de Discover Financial Services, où elle a été responsable du Bureau de Remédiation depuis novembre 2023, gérant la remédiation des questions réglementaires à l'échelle de l'entreprise. Elle apporte plus de 30 ans d'expérience dans les services financiers, ayant occupé des postes de directrice des risques et de supervision des risques senior au sein d'organisations bancaires mondiales.

Sa carrière a débuté à la Réserve fédérale de New York, où elle a occupé des postes de haut niveau dans la supervision bancaire, la politique et la réglementation. Cette nomination vise à renforcer la base de conformité et de gestion des risques de Green Dot pour soutenir la croissance à long terme.

Green Dot (NYSE: GDOT) hat Kim Olson zur Chief Risk Officer ernannt, die direkt an CEO George Gresham berichtet. Olson wird die Risiko-Management-Strategie des Unternehmens und die Durchführung des Programms überwachen.

Olson kommt von Discover Financial Services, wo sie seit November 2023 als Leiterin des Büros für Remediation tätig war und die unternehmensweite Remediation von regulatorischen Angelegenheiten geleitet hat. Sie bringt über 30 Jahre Erfahrung im Finanzdienstleistungssektor mit, in denen sie Positionen als Chief Risk Officer und in der senioren Risikoaufsicht bei globalen Banken innehatte.

Ihre Karriere begann bei der Federal Reserve Bank of New York, wo sie leitende Positionen in der Bankenaufsicht, Politik und Regulierung innehatte. Die Ernennung zielt darauf ab, die Compliance- und Risikomanagementbasis von Green Dot zu stärken, um das langfristige Wachstum zu unterstützen.

Positive
  • Appointment of experienced risk management executive with 30+ years in financial services
  • Strong regulatory background with Federal Reserve Bank experience
  • Direct reporting line to CEO indicates strategic importance of risk management
Negative
  • Recent regulatory matters requiring remediation at previous employer

PROVO, Utah--(BUSINESS WIRE)-- Green Dot Corporation (NYSE: GDOT) today announced that Kim Olson has joined the company as Chief Risk Officer responsible for overseeing all aspects of Green Dot’s risk management strategy and program execution and reporting directly to the Chief Executive Officer.

“Kim is a proven leader with skills and experience that will bolster our commitment to and focus on compliance and risk management,” said George Gresham, Chief Executive Officer, Green Dot. “We have been making great strides across all areas of our risk management teams and processes, and we look forward to Kim helping us further establish a strong risk management foundation that sets Green Dot up for long-term growth and success.”

Olson joins Green Dot from Discover Financial Services where she was the Head of the Office of Remediation, responsible for overseeing and challenging the enterprise’s remediation of significant regulatory matters, including consent orders, since November 2023. She has over 30 years of deep and multi-faceted financial services experience, previously serving as chief risk officer and in senior risk oversight roles at leading global banking organizations, as well as rating agency and professional services experience advising financial institutions on risk management, evolving regulations and strategy. Olson began her career at the Federal Reserve Bank of New York, where she held a variety of senior policy, regulatory and examination roles in banking supervision.

“I am honored to join Green Dot and look forward to leading the Risk function to strengthen risk and compliance management practices that enable sound and sustained business growth,” said Olson. “I am excited to help further Green Dot’s mission to provide seamless banking and payments solutions that serve the financial needs of businesses and consumers.”

About Green Dot

Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes. ​For more than two decades, Green Dot has delivered financial tools and services that address the most pressing financial needs of consumers and businesses, and that transform the way people and businesses manage and move money.

Green Dot delivers a broad spectrum of financial products to consumers and businesses through its portfolio of brands, including: GO2bank, a leading digital and mobile bank account offering simple, secure and useful banking for Americans living paycheck to paycheck; the Green Dot Network (“GDN”) of more than 90,000 retail distribution and cash access locations nationwide; Arc by Green Dot, the single-source embedded finance platform combining all of Green Dot’s secure banking and money processing capabilities to power businesses at all stages of growth; rapid! wage and disbursements solutions, providing pay card and earned wage access services to more than 6,000 businesses and their employees; and Santa Barbara TPG (“SBTPG”), the company’s tax division, which processes more than 14 million tax refunds annually.

Founded in 1999, Green Dot has managed more than 80 million accounts to date both directly and through its partners. Green Dot Bank is a subsidiary of Green Dot Corporation and member of the FDIC2. For more information about Green Dot’s products and services, please visit www.greendot.com.

Media Contact:

Alison Lubert

alubert@greendotcorp.com

Source: Green Dot Corporation

FAQ

What role did Kim Olson have at Discover Financial Services before joining Green Dot (GDOT)?

Kim Olson served as Head of the Office of Remediation at Discover Financial Services since November 2023, overseeing enterprise remediation of regulatory matters and consent orders.

How many years of financial services experience does Green Dot's new Chief Risk Officer have?

Kim Olson brings over 30 years of financial services experience, including roles as chief risk officer and senior risk oversight positions at global banking organizations.

Who will Green Dot's (GDOT) new Chief Risk Officer report to?

Kim Olson will report directly to Green Dot's Chief Executive Officer, George Gresham.

What are Kim Olson's main responsibilities as Green Dot's (GDOT) Chief Risk Officer?

Olson will be responsible for overseeing all aspects of Green Dot's risk management strategy and program execution.

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