Al Rayan Bank Operational Headquarters, Birmingham, UK

Al Rayan Bank bolsters senior team with new Chief Risk Officer

Al Rayan Bank bolsters senior team with new Chief Risk Officer

Al Rayan Bank has confirmed the appointment of Jerold Williamson who joins as Chief Risk Officer, subject to regulatory approval.

Jerold Williamson joins Al Rayan Bank, the UK’s largest and longest-established Sharia compliant bank with over two decades of experience in risk governance at international finance institutions.

Jerold most recently held the position of Chief Risk Officer at Union Bank in London and has previously worked as Chief Risk Officer at Permanent TSB Dublin and the Commercial Bank of Qatar. Prior to this, he spent 18 years within Lloyds Banking Group looking after teams in locations including London, Dubai, Europe and the Americas.

Having held Chief Risk Officer roles at a number of high-profile institutions around the world, Jerold has worked with many multinational senior leadership teams, embedding and improving effective policies and improving firms’ regulatory compliance, credit and overall risk management.

In his new role at Al Rayan Bank, Mr Williamson will oversee a team of almost thirty professionals, covering all areas of risk, from regulatory compliance and credit through to treasury and operational risk. He will also support the executive team to ensure risk management is as integrated and well supported as possible, throughout all arms of the business.

Commenting on his appointment, Jerold Williamson, Chief Risk Officer at Al Rayan Bank, said: “In my new role I’ll be working closely with my colleagues in the executive team and across all levels of the bank to continue to develop and adapt our risk policies in a market that is fast-paced and unpredictable. My experience has allowed me to work within multicultural institutions all over the world and I’m looking forward to developing my role as Chief Risk Officer in the largest Islamic bank in the UK.”

Peter Horton, CEO at Al Rayan Bank said: “Jerold is a key addition to the team, and he will bring comprehensive expertise of working in large, complex organisations. With this appointment Al Rayan Bank will have greater capacity to drive and enhance our strategies while ensuring the development of regulatory compliance and risk structures.”

Founded in 2004 as the first Islamic retail bank in Europe, Al Rayan Bank currently serves more than 90,000 customers and has a current asset book in excess of £2 billion. A recent independent study into the economic impact of Al Rayan Bank found that it delivered £389million to the UK economy in 2018.

As an independent UK bank, Al Rayan Bank is authorised by the Prudential Regulation Authority (PRA) and regulated by the Financial Conduct Authority and the PRA.

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