FDIC Alert! FDIC Announces Senior Leadership Changes in Division of Risk Management Supervision-- new Deputy Director of Capital Markets and Accounting Policy and Deputy Director of Operational Risk

Source: https://www.fdic.gov/news/press-releases/2023/pr23005.html

The Federal Deposit Insurance Corporation (FDIC) today announced the appointments of two senior leaders within the agency’s Division of Risk Management Supervision (RMS). Ryan Billingsley is the FDIC’s new Deputy Director of Capital Markets and Accounting Policy and Lisa D. Arquette will serve as Deputy Director of Operational Risk.

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Mr. Billingsley succeeds Bobby R. Bean who served for more than 30 years in multiple roles in the public and private sector. Ms. Arquette will succeed Martin D. Henning who will retire after 32 years of service at the FDIC in multiple safety and soundness examination positions.

FDIC Chairman Martin Gruenberg said, “I would like to congratulate Ryan Billingsley and Lisa Arquette, two extraordinarily talented career FDIC executives, on their appointments to these important positions.

“In addition, I would like to express my deep gratitude to Bobby Bean and Martin Henning for their career-long service to the FDIC. Bobby, as the long-time leader of the FDIC’s capital markets group, is one of the most creative and effective public servants I have had the privilege to work with. Martin played a formative role in developing the FDIC’s IT examination program, and was a leader over the course of his career in applying technology to strengthen the FDIC’s core mission capabilities.”

Doreen Eberley, Director of RMS said, “Ryan and Lisa bring a wealth of knowledge and experience to their new roles. These seasoned leaders will help steer our ongoing work to maintain stability and trust in the financial system and ensure banks operate in a safe and sound manner. I would also like to acknowledge Bobby and Martin for their many years of dedication and service to our mission.”
Bobby R. Bean, Deputy Director, Capital Markets and Accounting Policy will retire effective January 31, 2023. Mr. Bean has been committed to the FDIC mission for more than 30 years and has held leadership positions within RMS and the Office of the Vice Chairman. He also served with the Federal Reserve Board, the former Federal Savings and Loan Insurance Corporation, and in the private sector. Mr. Bean has played a central role in facilitating the implementation of such landmark regulations as the Volcker Rule, a financial reform mandate in the Dodd-Frank Act designed to prevent the federal banking safety net from subsidizing proprietary trading; the Basel III capital rulemaking process, another significant reform effort to strengthen the quality and level of capital in the U.S. banking system; and harmonized margin requirements for over-the-counter derivatives, an effort designed to constrain risks in derivatives that contributed to the financial crisis. He has served as the Deputy for Capital Markets and Accounting Policy since 2020.
Ryan Billingsley has been appointed to succeed Mr. Bean, overseeing capital and accounting regulations and policy for RMS. Mr. Billingsley has broad experience in capital markets policy. He began his career as a credit and risk analyst with public and private institutions including Fannie Mae, and joined the FDIC in 2009. He has served in a number of leadership roles, including in the negotiation and development of the Basel III regulatory capital reforms, and he represents the FDIC on the Basel Committee on Banking Supervision Policy and Standards Group. He most recently served as Corporate Expert, Capital Markets. Ryan is a graduate of the University of Virginia with a Bachelor of Arts in economics. Additionally, he completed the Stonier Graduate School of Banking, University of Pennsylvania, and is a Chartered Financial Analyst charter holder.

Martin D. Henning, Deputy Director, Operational Risk will retire effective September 30, 2023. Mr. Henning has been committed to the FDIC mission for 32 years in multiple roles, and began his career as a safety and soundness examiner. Early in his career, he led several projects that have benefited the FDIC and the industry, including development of the first FDIC loan review software and creation of the current interagency system for collecting and validating Call Reports. Mr. Henning later led initiatives in the FDIC’s resolution function to improve risk share agreement monitoring and deposit insurance determinations. Mr. Henning also served in the office of the FDIC’s Chief Information Officer (CIO) both as Acting CIO, and as special advisor to the CIO. Since starting in his current position in 2016, he has overseen the FDIC’s operational risk supervision and policy, leading efforts to implement an interagency computer-security incident notification rule as well as to conduct several horizontal information technology reviews of novel and emerging risk areas.

Lisa D. Arquette has been appointed to succeed Mr. Henning as Deputy Director, Operational Risk, effective upon the date of appointment of her replacement as Associate Director, Anti-Money Laundering (AML) and Cyber Fraud Branch, a position she has held since 2005. A 33-year veteran of the FDIC, Ms. Arquette has served in a variety of leadership roles at the FDIC. Ms. Arquette previously served as the first Chairperson of the Federal Financial Institutions Examination Council AML/Countering the Financing of Terrorism (CFT) Subcommittee. She represents the FDIC on the Basel Committee on Banking Supervision AML/CFT Expert Group and the Department of the Treasury Bank Secrecy Act Advisory Group. Ms. Arquette also previously represented the FDIC on the Department of Justice Bank Fraud Working Group and the Department of State Terrorist Finance Working Group. She is a graduate of University of Houston with a Master of Business Administration and completed the Stonier Graduate School of Banking, Georgetown University.

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