Gustavo Ortega
Gustavo A Ortega is a risk executive, currently in charge of the strategic planning, implementation and maintenance of AIG’s operational risk management (ORM) framework. In his current role and through partnership with second-line risk leaders and other control functions, Ortega is responsible for ensuring the adequate implementation of the ORM framework by providing function-specific expertise in order to execute effective oversight for risk identification, assessment, prioritisation, monitoring and mitigation processes.
He is an active advocate for risk management and highly regarded in the financial services industry through presentations at specialised risk conferences and known established financial institutions such as the World Bank in Washington, DC, the Federal Reserve Bank of New York and the Central Bank of Brazil. He has more than 15 years’ experience in financial services: investment banking, wealth management and insurance.
Ortega has worked in different capacities across all lines of defence, including fixed income trading, enterprise risk management and internal auditing for large multinational financial institutions such as AIG, UBS Investment Bank, Morgan Stanley, Dresdner Bank and Lehman Brothers.
Over the years, Ortega has led complex projects and strategic process initiatives, and has implemented risk-and-control frameworks for sales and trading operations, wealth management and advisory, finance and IT operations, and, most recently, insurance. His diverse background and global expertise with onsite working experience in Japan, Europe and North and South America has enabled Ortega to have a solid understanding of the international business landscape and global regulatory environment.
He has served in industry working groups, focusing on the evolution of risk management practices, including the operational risk working group of the CRO Forum in Europe, operational risk working group of the CRO Council in the US and the Operational Risk Exchange Association with a focus on the development of internal loss-data standards for insurers.
He has been featured in Risk Insights Magazine, published by the Center for Financial Professionals, and has been a knowledge partner for Risk Americas and the Americas New Generation Operational Risk Conference.
Ortega holds an undergraduate degree in finance from the University of New Jersey and an MBA from St Peter’s University specialising in International Business and Accountancy.
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