November 1st 2012 - Andrew Sheen, one of most well-known faces in the operational risk community, has been made a Fellow of the Institute of Operational Risk (IOR).

“The IOR is delighted to welcome Andrew Sheen into the Institute as a Fellow,” says Edward Sankey, Chairman of the IOR. “This is the highest grade of membership in the IOR, given through interview by two existing fellows, when an individual can demonstrate significant contribution to either the Institute or the Industry. Andrew is a senior member of the Financial Services Authority in the UK focusing on operational risk. He was involved in the early development and implementation of operational risk frameworks within the finance sector, then taking this knowledge and experience in helping to shape approach and thinking within the FSA and within the Basle work. He continues to work in improving and shaping the industry and will no doubt be a great asset to the Institute.”

Andrew has been manager of the FSA’s Risk Frameworks team in the Risk Specialist Divisions since November 2010. Before that he worked in the prudential policy team at the FSA from October 2006 where he managed the operational risk policy team. He joined the UK regulator as an associate in January 2005.

Prior to the FSA, Sheen was head of operational risk and director at Singer and Friedlander from July 2003 to December 2004. Before that he spent many years at Moscow Narodny Bank in London where he held numerous positions before being made senior manager in charge of operational risk in May 1999. Prior to joining Moscow Narody Bank he served as a London economist for the Reserve Bank of Australia and as a research officer for Midland Bank.

Re-disseminated by The Asian Banker