U.S. Bank Names Interim Chief Risk Officer
Business owners should monitor risk policy shifts as the bank searches for a permanent successor to Jodi Richard.
Updated on Oct. 29, 2026 in People
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U.S. Bank chief risk officer Jodi Richard has resigned from her role at the Minneapolis-based institution. Troy Remington, the bank's current chief credit officer, will serve as interim chief risk officer while the company searches for a permanent successor.
Why it matters
Executive transitions in risk oversight at major financial institutions signal potential shifts in internal compliance governance and credit risk appetite. As U.S. Bank manages $703 billion in assets, these leadership changes require close monitoring for adjustments to lending policies or regulatory reporting procedures.
The bank oversees $703 billion in total assets and is currently navigating this leadership change while its interim risk lead, Troy Remington, brings 21 years of tenure to the role.
The players
U.S. Bank
A Minneapolis-based financial institution managing $703 billion in total assets.
Jodi Richard
The outgoing chief risk officer and vice chair who served the bank since 2014.
Troy Remington
The current executive vice president and chief credit officer who is stepping in as interim risk lead.
The details
The departure of Jodi Richard was formally disclosed in a securities filing, which noted her transition to another publicly traded company. The bank stated that her resignation was not linked to any disagreements regarding operations or policies. Interim lead Troy Remington, who has been with the institution for over two decades, previously took on the chief credit officer role in 2021.
Timeline
Jodi Richard joined U.S. Bank in 2014.
Jodi Richard was appointed chief risk officer in 2018.
Troy Remington was appointed chief credit officer in 2021.
Jodi Richard notified the bank of her departure on Oct. 23, 2026.
Market Landscape
This leadership shuffle follows the regulatory transparency standards established by the Securities and Exchange Commission disclosure requirements for publicly traded firms. It reflects a standard executive transition cycle within the banking sector rather than a reactionary change to corporate policy.
Operators should monitor U.S. Bank's upcoming regulatory filings for any changes in risk management strategy or internal reporting structures under the new interim leadership. Businesses relying on bank credit facilities should watch for potential adjustments to lending requirements during the transition period.
The takeaway
Management transitions at major financial institutions often precede shifts in internal risk culture or operational compliance. Operators should review their existing credit agreements to track how leadership turnover at major banks influences their local access to capital and lending terms.
Further reading
For more on local leadership changes, visit the People section.
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Does the departure of a bank executive make you more concerned about your financial institution's stability?
