Vice Chair and Chief Risk Officer
U.S. Bank
Jodi Richard is vice chair and chief risk officer of U.S. Bancorp, a well-respected financial services holding company with businesses across the United States, Canada and Europe. U.S. Bancorp is headquartered in Minneapolis and is the parent company of U.S. Bank, which is the fifth-largest commercial bank in the United States. U.S. Bancorp is also the parent company of Elavon, a leader in the payment processing industry. Jodi oversees all aspects of the company’s risk management activities, including operational risk, fraud risk, credit risk, market risk, model risk, compliance, AML/BSA, independent risk review and regulatory services. She became vice chair and chief risk officer in 2018 and is a member of the company’s Managing Committee, the highest-ranking executives within the organization.
Jodi’s financial career spans nearly 30 years. She joined U.S. Bancorp in 2014 as executive vice president and chief operational risk officer, managing the company’s operational risk management activities.
Before joining U.S. Bancorp, Jodi was executive vice president and head of operational risk and internal control for HSBC North America. She was there for 11 years, serving in enterprise risk roles including head of risk governance and administration and director of regulatory compliance.
Jodi also spent 12 years at the Office of the Comptroller of the Currency (OCC), where she served as national bank examiner, specializing in retail credit and credit card bank supervision. Between two periods with the OCC, she was chief compliance officer for Sears National Bank.
Jodi serves on the boards of Fairview Health Services, Junior Achievement USA and the ProSight Financial Association/Risk Management Association. She is a frequent speaker at risk industry events.
Jodi is a graduate of the Leading Women’s Executive program. She was named to American Banker’s Most Powerful to Watch list in 2025 and to its Most Powerful Women in Banking and Finance in 2024. She was part of American Banker’s Most Powerful Women in Banking Top Team Award in 2013, 2015, 2019, 2020 and 2022 and was recognized in 2021
for outstanding achievements. She was named Best Technology Executive in 2017 by Waters Technology. In 2017, U.S. Bank was named Operational Risk Bank of the Year by Risk.net.
Jodi holds a bachelor of arts degree in finance from the University of Northern Iowa.
Regulation is no longer a passive compliance function in banking. It has become a live mechanism for defining market structure, competitive advantage, and product feasibility. In the post-CLARITY Act environment and broader evolution of digital asset frameworks, regulatory interpretation is increasingly shaping how capital moves, how products are designed, and how financial institutions position themselves in emerging digital markets.
This panel explores how leading banks are shifting from reactive compliance to proactive regulatory strategy—treating capital rules, liquidity requirements, and digital asset frameworks not as constraints, but as design inputs for competitive differentiation. It also examines the growing importance of jurisdictional strategy, where global institutions are selectively engaging regulatory regimes to accelerate innovation and unlock new business models.
At its core, the discussion challenges a fundamental shift underway in financial services: regulation is no longer something banks respond to—it is something the most sophisticated players are actively helping to define.