Rick Cech is currently the Executive Director of Risk Business International. Rick initially practiced law before joining the then J.P. Morgan & Co. in 1984, where he focused on mortgage-backed securities, capital markets, emerging markets and derivative valuations. In 1995, Rick joined the Corporate Risk Management Group to work on policy development, before becoming a founding member of the Corporate Operational Risk Group. Within this group, Rick had responsibility for loss event data and training, and assisted in developing the firm’s operational risk framework. He was also JPMorgan Chase & Co’s representative on the Definitions Group of ORX (the Operational Riskdata eXchange Association, a consortium of firms that pool and share loss data), where he performed a key role in developing the data standards and reporting requirements for the association.
With Rick’s role at JP Morgan Chase and the industry-leading experience in designing and implementing operational risk frameworks, Rick provides unparalleled expertise in the areas of loss event collection and analysis, risk and control assessment, enterprise risk structures and approaches and in culture change management.
Rick holds a Bachelor of Arts degree economics and a Master of Arts degree in organizational behavior from Yale and a JD in law from the University of Connecticut.