The GARP Chicago Chapter’s spring event features a fireside chat with Stephen Skardon, Chief Risk Officer (CRO) for the City of Chicago, and Cary Lyne, GARP’s Chicago Regional Director and President of CJL Risk Enterprises.
The importance of having a Chief Risk Officer (CRO) continues to be a focal point for financial institutions and other firms globally. Of late, many government agencies and municipalities have also named CROs to help them identify, measure, and manage risks more formally and effectively. Join the GARP Chicago Chapter as we feature a discussion with the CRO of the third largest city in the United States. Topics of discussion will include:
4:30 - 5:00 pm: Registration
5:00 - 5:45 pm: Discussion
5:45 - 6:00 pm: Q&A
6:00 - 7:00 pm: Networking ReceptionAttendees qualify for 1 GARP CPD credit.
April 25, 2023
4:30 PM - 7:00 PM
Residence Inn by Marriott, Chicago Downtown 11 S LaSalle St, Chicago, IL 60603
Chief Risk Officer, City of Chicago
President CJL Risk Enterprises & Co-Director of GARP Chicago Chapter
Head of US AIRB CIBC Bank USA
President and Founder at CJL Risk Enterprises LLC
Associate Director & Lecturer Program on Financial Mathematics University of Chicago
Senior Manager EY
Vice President Goldman Sachs
Deputy Chief Risk Officer Amundi US
Manager Portfolio Analysis Kabouter Management LLC @ FERMILAB
Managing Director Strategic Initiatives
Managing Director Risk Management
Director Corporate Risk Management
Executive Director Arditti Center for Risk Management
Founder & CEO
Board Member Arditti Center for Risk Management
Stephen A. Skardon is the City of Chicago's Chief Risk Officer. Skardon joined Mayor Lightfoot’s administration in 2019 as a senior advisor where he worked on major initiatives including workers’ compensation reform, establishing the CRO position, and bringing a casino to Chicago. He also served as the acting CRO, overseeing the city’s first-ever enterprise risk assessment. In addition, Skardon serves as a trustee on two of the city's four pension funds.
Prior to entering public service, he practiced law at several Chicago law firms where he represented domestic and international insurers in complex insurance coverage disputes. Skardon holds a B.A. in political science from Ohio State University, a J.D., cum laude, from the University of Illinois College of Law, and an LL.M. in financial services law from Chicago-Kent College of Law.
Cary Lyne is the President and Managing Principal Consultant for CJL Risk Enterprises. Mr. Lyne is also Co-Director of GARP’s Chicago Chapter and served as the President of GARP’s Buy Side Risk Managers Forum Roundtable of Executive Risk Officers from the Asset Management Industry. He has over 25 years of experience in leadership roles at Chicago-based financial services companies including Northern Trust Corporation where he was the first Global Head of Risk for Northern Trust Global Investments. He was also a member of the Northern Trust Corporation’s Executive Risk Council, Operational Risk Committee and Investment Policy Committee.
Mr. Lyne has held senior market and credit risk positions at JP Morgan Chase’s legacy banks including Bank One NA, First Chicago NBD and the First National Bank of Chicago. His last role at Bank One was Senior Market Risk Officer for Bank One’s global trading and capital markets businesses. He also served a two-year term appointment as a Senior Quantitative Risk Analyst in the Large Bank Section of the Division of Supervision & Consumer Protection at the Federal Deposit Insurance Corporation (FDIC) in Washington DC. Before he left the agency, he worked on an inter-agency effort to develop the ALM Model Lab at the Federal Reserve Bank of Chicago to train regulatory agency staff. Over his career, he has developed a wide range of expertise across both Enterprise Risk Management (ERM) and Financial Risk Management disciplines.
Mr. Lyne holds a BS in Business Administration from Illinois Wesleyan University and an MBA in Finance from DePaul University’s Charles H. Kellstadt Graduate School of Business. He is currently pursuing a Chartered Investment Management Analyst (CIMA) Certification through the University of Chicago’s Booth School of Business.