Target Group hires compliance veteran Kathy Griffin as chief risk officer
Business processing and software provider Target Group has appointed Kathy Griffin as its new chief risk officer (CRO), effective immediately.
Target Group hires Kathy Griffin as CRO
Griffin, who will report into recently appointed CEO John Barker, joins from UK challenger Monzo, where she held the position of director of compliance. At Monzo, she developed the firm’s compliance strategy and played a “leading role” in its diversity and inclusion initiatives.
Prior to Monzo, Griffin was CRO at Earnd, where she built out the firm’s global compliance functions, tackling financial crime and anti-money laundering on a local and global level.
CEO Barker says Griffin’s experience in both the UK’s regulatory environment and internationally means she will be “front and centre” as the firm looks to build out its financial services capabilities.
In her new role as CRO, Griffin will be tasked with balancing the needs of Target’s customers with the firm’s compliance and risk obligations.
Griffin says Target is “entering a new era” as the UK’s regulatory landscape shifts in the post-pandemic climate to focus “far more on consumer duty”.
“Add to this the challenging financial environment we find ourselves in, with a cost-of-living crisis engulfing many, an agile approach will no doubt be required over the next few months,” Griffin adds.
Target Group is part of Tech Mahindra and specialises in digital transformation, providing business processing services to more than 50 major financial institutions around the world, including DVLA, Barclays and Santander.
It claims its fintech platform manages assets worth more than £25 billion, enabling clients to automate complex critical processing, servicing and administration of loans, as well as investments and insurance. Target also advises on process improvement, due diligence and regulatory compliance.
