ConServe Hires CFPB Founding Member Jim McCarthy as Chief Risk Officer

McCarthy will focus on proactive leadership in the company’s compliance, operational and strategic risk management.

4/12/2018 8:00 AM

ConServe Hires CFPB Founding Member Jim McCarthy as Chief Risk Officer

ConServe, an ACA International member company in Fairport, N.Y., recently hired Jim McCarthy, a founding member of the Consumer Financial Protection Bureau, as its chief risk officer.

Effective immediately, McCarthy will focus on providing the strategic leadership, innovation, governance and management necessary to identify, evaluate, mitigate and monitor the company's compliance, operational and strategic risk, according to a news release from ConServe.

With over 30 years of success in the industry, ethics and compliance are the cornerstones of the organization’s success. In aligning forces with a former CFPB architect, ConServe’s team is proactively and enthusiastically ensuring the organization's Enterprise Risk Management policies and strategies are in compliance with all applicable regulations, rating agency standards, and strategic imperatives of the organization.

As a nationally recognized expert on CFPB regulation, McCarthy is a leader in navigating the consumer financial risk environment. In fact, he was the key architect in establishing the CFPB’s complaint process via their company portal. While consulting with ConServe over the past year, McCarthy said he was impressed with the company’s commitment to compliance and regulation adherence, and that it was a natural progression for him to join the organization on a more permanent basis.

“As a means of helping to improve the human condition, I am excited to oversee the enterprise risk management process to ensure alignment with ConServe’s overarching organizational objectives,” McCarthy said.

As the previous owner of his own consulting consumer financial company, McCarthy has a profound understanding of compliance management systems. He has extensive professional experience in the consumer financial environment, is a graduate of Minnesota State University and has earned professional certifications from George Washington University and the Wisconsin Bankers Association Graduate Banking School.

McCarthy’s efforts will reinforce the value and significance of the numerous recognitions that ConServe has received that include appearing on Inc. Magazine’s Inc. 5000 list of the fastest growing privately-owned companies in the nation (seven times), being named a Rochester Top 100 company (14 times), recognized as a Rochester Top Workplace (four times), receiving the Better Business Bureau’s Torch Award for Ethics, receiving a Rochester Business Ethics Foundation ETHIE award, and being recognized by insideARM as a Best Places to Work in Collections/Best Call Center to Work For as part of an industry excellence program (five times).

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