Nicholas Silitch is one the most respected and longest-tenured risk managers in the financial industry. He began his career in 1980 as a summer intern at Bank of New York Mellon, while completing his economics degree at Colby College. After graduating, he joined the bank as a credit trainee in 1983 and spent 28 years there, serving in a variety of roles ranging from credit portfolio management and loan restructuring to investor relations, risk management and Basel compliance. He was eventually appointed chief risk officer of Bank of New York Mellon’s alternative investment services, broker dealer services and Pershing businesses.
He joined Prudential in 2010 as chief credit officer and head of investment risk management, overseeing the firm’s general account and other proprietary investment risks globally. In 2012, he was appointed chief risk officer, a position he held until his retirement at the end of 2022. In the latter role, he oversaw Prudential’s risk management infrastructure and risk profile across all business lines and risk types. Under his direction, the risk teams developed models, metrics and frameworks to ensure Prudential’s resilience over time and in a wide range of stress scenarios.