RiskMasters | Trailblazing Risk Leadership The Evolving Role of Risk Management Leadership with Jeff Simmons
Oct 25, 2025
In this insightful discussion, Jeff Simmons, a senior advisor and risk governance expert with a rich background as Chief Risk Officer at MUFG, shares his perspectives on the evolution of risk management. He emphasizes the importance of building trust with regulators and discussing how effective governance relies on practical execution. Jeff highlights the need for cultural shifts to align risk with strategy and actionable measures. He also warns of regulatory divergence post-Brexit and offers advice for future risk leaders in navigating uncertainties.
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Crisis Redefined Risk's Purpose
- The global financial crisis forced risk to redefine itself beyond producing reports and metrics.
- Risk functions shifted roles and sometimes retreated into narrowly defined second-line activities that weaken overall risk management.
Brexit Entity Made Risks Real
- Setting up MUFG's Brexit entity made regulatory risk tangible and operationally urgent for Jeff.
- He used the programme to force risk teams to focus on role, insight, and actionable control beyond reports.
Earn Regulators' Trust Through Openness
- Build regulatory relationships on openness and honest self-awareness about issues and remediation plans.
- Show prioritised fixes and realistic timelines to earn trust and convert regulators into constructive partners.