CIBC FIRSTCARIBBEAN APPOINTS JAMAICAN CHIEF CREDIT OFFICER IN BARBADOS
CIBC FirstCaribbean has announced the appointment of Ms. Monique French as its new Chief Credit Officer, reporting to the Bank’s Chief Risk Officer. Ms. French, who until recently served as Senior Vice President of Credit Risk with Scotiabank in Jamaica, is a career banker with extensive experience in Risk Management within the financial services sector.
Ms. French, who will eventually be based at CIBC FirstCaribbean’s corporate headquarters in Barbados, will begin her career at the bank with a six-month assignment at its parent company, CIBC, in Canada.
A chartered financial analyst, she holds Masters in Business Administration (MBA), with a specialization in Finance and Marketing, from the Richard Ivey School of Business, University of Western Ontario, Canada, and a Bachelor of Science degree in Accounting from The University of the West Indies, at Mona in Jamaica.
As SVP with Scotiabank, Ms. French was responsible for recommending and implementing policies regarding the bank’s retail, small business, commercial, and corporate risks; adjudication of credit proposals to ensure that the bank maintained a sound credit portfolio; management of special accounts and commercial loan recoveries and risk reporting to the Board. Previous to that she was Country Treasurer, Vice-President, with Citigroup in Jamaica, where she began her career in banking fifteen years ago.
Ms. French also served as chairperson of a committee appointed by the Jamaica Bankers’ Association’s executive to develop guiding terms of reference for the evaluation of Credit Bureau prospects, initiated and spearheaded a proposal for a new Bank of Jamaica money market investment instrument, and has contributed to a number of other special projects on behalf of the Bank of Jamaica and the Private Sector Organization of Jamaica (PSOJ)
A strong strategic thinker and team builder, Ms. French is a goal-oriented and analytical financial-services professional, who has spent eleven of her fifteen years in the financial services sector at the executive management level.
In announcing Ms. French’s appointment, Chief Risk Officer of CIBC FirstCaribbean, Geoff Scott, remarked: “Monique will be responsible for all credit risk management activities within CIBC FirstCaribbean, including credit adjudication and collections, loss provisioning, sustaining our two major credit enhancement projects, and other strategic initiatives. I am very pleased that the Bank has been able to attract Monique, who will bring to us a vital combination of strong skills and experience developed in the Caribbean. She has a proven risk management and product-management track record and we are confident she will significantly enhance the capability of the team here at CIBC FirstCaribbean. We are pleased to have her on board.”