Executive Vice President and Chief Financial Risk Officer for Enterprise Risk Management
Steven Umlauf is executive vice president and chief financial risk officer at State Street. He is also head of the financial risk team within Enterprise Risk Management (ERM). Steven serves as a member of the executive management team for ERM and Compliance, and is a member of various senior risk committees.
Steven and his team provide second line oversight of Global Markets, Corporate Treasury, Global Credit Finance and BAU Capital Management globally. He is responsible for Centralized Modeling, Analytics and Data.
Steven previously served as head of Model Risk Management and later as Chief Risk Officer for Finance at Citigroup. Prior to that he built and managed the Investment Analytics function for AIG. Earlier in his career Steven worked for Morgan Stanley in roles including Chief Risk Officer of Merchant Banking, head of Capital Markets and deputy head of Investment Banking in Tokyo, and head of US Convertibles and Equity Derivatives Origination.
Before entering the financial services industry, Steven was an assistant professor of finance at London Business School where he taught MBA and PhD courses, and published research in academic journals.
Steven earned his PhD in applied economics from MIT and his BA in economics, summa cum laude, from Duke University.