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His mother is a senior risk manager for Fleet Bank in Boston.
Senior risk staff must also have sufficient stature relative to the line executives they are responsible for overseeing.
Inside the big banks, senior risk managers, who typically would be ranked one tier below board directors, would oversee retail, wholesale and investment banking operations.
Kaden — a friend of Robert E. Rubin, a Citi director and a former Treasury secretary — oversaw the work of the company's former senior risk officer.
Preventing this is the responsibility of the company's senior risk officer and ultimately the CEO, who sets the tone for a company's risk culture.
The lawsuit cited a 2007 e-mail from John Hogan, then a senior risk officer at JPMorgan, discussing the suspicions of another bank executive.
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Mr. Beatty, 30, is a senior risk-support manager at Morgan Stanley, the investment bank in New York, where he monitors trading limits for securities traders.
On June 15 , 2007 a senior risk-management officer at the bank e-mailed colleagues to report that another bank executive "just told me that there is a well-known cloud over the head of Madoff and that his returns are speculated to be part of a Ponzi scheme".
She not only expounds on CDOs (collateralized debt obligations) and CDSs (credit default swaps), which readers of newspaper business sections have become familiar with in the last year, but also employs terms like "mezzanine CDO of ABS," "super-senior risk" and "inverse floaters".
One question is whether older patients need to get their blood pressure as low as middle-aged patients do, or if doing so increases the seniors' risk of side effects including falls.
"Time and again, Medicare's failure to pay for drugs means our seniors risk serious illness, disease and injuries, all of which Medicare would pay to treat after the fact," Mr. Bush said.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com