In her new position, Walia will lead a team charged with assessing risk management across its National Securities Clearing Corporation (NSCC), Depository Trust Company (DTC) and EuroCCP subsidiaries and will provide oversight of current and potential risks that impact the company, said the company.
She will be responsible for designing and managing the technology initiatives that support risk management in those areas.
Walia will also be responsible for ensuring all of ERM’s equities-related policies and processes are aligned with the organization’s overall mission of mitigating risk and providing certainty, stability and reliability for the global financial markets.
In addition, Walia will be charged with designing and implementing new risk systems and developing and implementing best practices in risk management.
Walia will report to Douglas George, DTCC managing director and chief risk officer.
Walia is joining DTCC from Citigroup, where she was head of Americas Investment Products Risk, responsible for managing risk for over $125bn in assets under management.
Prior to that, Walia held several positions with increasing responsibility at Credit Suisse, serving most recently as global head of Structured Products for Credit Risk, where she was responsible for a global risk book of over $30bn of complex products.
Walia began her career at Dresdner Kleinwort Benson in Australia as a credit manager specializing in commodities, project financing and infrastructure financing.
