Mark Chauvin, TD; Stephen Hart, Scotiabank; Rahim Hirji, Manulife Financial
Calm After the Storm? 2014's Risk Assessment
Sponsored by:
The C.D. Howe Institute was pleased to host the third installment of our dinner series featuring Chief Risk Officers. This year's dinner featured Mark Chauvin, Group Head and Chief Risk Officer, TD Bank; Stephen Hart, Chief Risk Officer, Scotiabank; and Rahim Hirji, Executive Vice President and Chief Risk Officer, Manulife Financial. Given that global markets remain unstable, the risk management experts shed light on the local and national risk profile in a private, off-the-record forum.
Mark Chauvin
In May 2010, Mark Chauvin was appointed Group Head, Risk Management, and Chief Risk Officer (CRO), TD Bank Group. In this role, Mark oversees the global management of credit, enterprise, market and operational risk for TD. Prior to this appointment, he was Executive Vice President, Risk Management, and CRO for TD, a position he had held since December 2006.
Since joining TD as a commercial account management trainee more than 32 years ago, Mark has held a number of increasingly senior management positions in the commercial, wholesale, retail and corporate areas of the bank.
A native of Windsor, Ontario, Mark received his Bachelor of Science and MBA degrees from the University of Windsor. He and his wife Victoria make their home in Burlington and have three children.
Stephen Hart
As Chief Risk Officer for Scotiabank, Stephen Hart is responsible for enterprise-wide risk management at Scotiabank, including credit, market and operational risk. He was appointed to this position in September 2013.
Stephen joined Scotiabank in 1978 as part of a newly created Chairman's staff unit, and has held a variety of senior positions in the United States and Canada in both origination and credit adjudication in corporate lending. He was a Relationship Manager based in Chicago in the early 1980s, and headed up the Corporate Banking unit in Ontario in the 1990s. Since 1999, he has been in Global Risk Management; initially as Senior Vice President, Corporate Credit, and then as Senior Vice President & Head, Credit Risk, before his appointment as Executive Vice President and Chief Credit Officer in October 2008.
Stephen has an engineering degree (BApSc) in geophysics from the University of Toronto and an MBA in finance from McMaster University. He is a Director of Evangel Hall Mission and a Trustee of Knox Memorial Trust, both non-profit organizations.
He and his wife, Marion, have three daughters.
Rahim Hirji
Mr. Hirji holds the position of Executive Vice President and Chief Risk Officer, and is a member of the Company’s Executive and Management Committees.
Mr. Hirji is responsible for the Company’s Enterprise Risk Management framework. This includes all aspects of risk management oversight functions worldwide such as credit, market, and insurance and operational risks.
Prior to his appointment in 2011 as Chief Risk Officer, Mr. Hirji was the Chief Financial Officer for the Canadian Division, a role he held since 2007. Mr. Hirji previously headed Manulife’s Global Asset Liability Management Operations and has also held various financial and actuarial roles in the Corporate, U.S. and Canadian Divisions.
Mr. Hirji holds a Bachelor of Mathematics from University of Waterloo, is a Fellow of the Canadian Institute of Actuaries, the Society of Actuaries, and a Member of the American Academy of Actuaries.
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