U.S. Bank Chief Risk Officer Jodi Richard Departs
Jodi Richard is leaving the Minneapolis-based bank for a new position, with Troy Remington stepping in as the interim successor.
Updated on Oct. 29, 2026 in People
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Jodi Richard, who has served as U.S. Bank's chief risk officer and vice chair since 2018, notified the company of her departure on Oct. 23. She is moving to a role at another publicly traded company, and the bank confirmed her resignation was not due to any operational disagreements.
Why it matters
The leadership change at the top of the firm's risk management division comes as the Minneapolis-based institution looks to maintain stability across its $703 billion in total assets. The bank has initiated a formal search for a permanent successor to fill the vacancy created by Richard's exit.
U.S. Bank manages $703 billion in total assets and is currently searching for a permanent successor for the chief risk officer role. Troy Remington, the incoming interim officer, has been employed at the bank for more than 21 years.
The players
Jodi Richard
She served as the vice chair and chief risk officer at U.S. Bank since 2018 after joining the institution in 2014.
Troy Remington
He is an executive vice president at U.S. Bank who has served as the chief credit officer since 2021.
U.S. Bank
Headquartered in Minneapolis, this financial institution holds $703 billion in total assets.
The details
Troy Remington, the bank's current executive vice president and chief credit officer, will assume the interim role while the search continues. Richard, who joined U.S. Bank in 2014, previously held roles at HSBC for 11 years and the Office of the Comptroller for 12 years.
Timeline
Jodi Richard joined U.S. Bank in 2014.
Jodi Richard was appointed chief risk officer in 2018.
Troy Remington was appointed chief credit officer in 2021.
Jodi Richard notified the bank of her departure on Oct. 23, 2026.
Market Landscape
The bank followed the Securities and Exchange Commission's material event disclosure requirements by formally reporting this leadership transition. This move maintains regulatory transparency as the firm navigates executive movement within the competitive financial services sector.
The transition of a senior executive role typically does not impact daily banking services or customer account accessibility. Customers should experience no changes to their existing banking products, retail pricing, or customer service standards during this leadership change.
The takeaway
Executive departures are standard occurrences in large financial institutions and do not inherently signal shifts in company strategy. Investors and customers can expect the bank to continue standard operations while it conducts a search for a permanent risk officer.
Further reading
For more on industry leadership changes, visit the People section.
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