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News Release 2019-12
February 5, 2019
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WASHINGTON—The Office of the Comptroller of the Currency (OCC) today announced Grovetta Gardineer will become its Senior Deputy Comptroller for Bank Supervision Policy upon the retirement of Grace Dailey on March 2, 2019.
“Grovetta brings deep policy experience and passion to this new role and has been an important voice on the OCC’s Executive Committee since becoming Senior Deputy Comptroller for Compliance and Community Affairs in March 2016,” said Comptroller of the Currency Joseph Otting.
In this role, Ms. Gardineer will direct the formulation of policies and procedures for the supervision and examination of national banks and federal savings associations as well as overseeing staff responsible for identifying, assessing, and communicating risk to the federal banking system. She will continue to oversee the units that made up the agency’s Compliance and Community Affairs functions as part of OCC’s Bank Supervision Policy business unit.
Ms. Gardineer has more than 31 years of experience in bank supervision, policy, and regulation. As Senior Deputy Comptroller for Compliance and Community Affairs, she oversees agency compliance exams on national banks and federal savings associations and supervises the agency’s Community Affairs and Community Reinvestment Act (CRA) programs. Ms. Gardineer also has responsibilities for policy and examination procedures relating to consumer issues and anti-money laundering and for representing the agency on interagency groups and activities related to compliance, CRA, fair lending, and the Bank Secrecy Act.
Prior to this role, Ms. Gardineer served as Deputy Comptroller for Compliance Risk at the OCC and oversaw development of policy and examination procedures relating to consumer issues and anti-money laundering. She joined the OCC in 2010.
Prior to joining the OCC, she worked for the Office of Thrift Supervision (OTS), where she served as the Managing Director for Corporate and International Activities. Before that, she was the Managing Director for Supervision Policy and oversaw capital policy, credit risk, trust, operational risk, accounting policy, and information technology risk. Ms. Gardineer also spent several years as an attorney at the Federal Deposit Insurance Corporation handling enforcement actions and preparing financial services policies and regulations.
In conjunction with this announcement, the Comptroller designated the Senior Deputy Comptroller and Chief Operating Officer as the Chief National Bank Examiner, effective March 2, 2019. Designating the Chief Operating Officer to be the Chief National Bank Examiner is consistent with the original 1923 statute, which authorized the Comptroller to “designate a national bank examiner to act as chief of the examining division in his office.” In his role as Chief Operating Officer, Morris Morgan coordinates the activities of all units directly involved in bank supervision.
Ms. Dailey is retiring after 36 years with the OCC. During that time she has supervised banks of all sizes, served as Deputy Comptroller for Large Bank Supervision, and concluded her OCC career as Senior Deputy Comptroller for Bank Supervision Policy and Chief National Bank Examiner. “I congratulate Grace on a long and successful career in public service,” Comptroller Otting said. “The agency and the federal banking system owe her a debt of gratitude for her leadership and service.”
Bryan Hubbard (202) 649-6870