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FOR IMMEDIATE RELEASE
January 29, 2014
Contact: Bryan Hubbard
Molly Scherf Named Deputy Comptroller for Large Bank Supervision
WASHINGTON — The Office of the Comptroller of the Currency (OCC) today announced the appointment of Mary H. (Molly) Scherf as Deputy Comptroller for Large Bank Supervision.
In this role, Ms. Scherf will oversee the Large Bank lead experts, shared national credit, data analytics, and systems teams and assume various other responsibilities as part of Large Bank Supervision management. Her new role will involve working with policy, midsize and community bank supervision, and legal departments within the OCC as well as domestic and international regulatory peers.
“Since taking on the challenge of overseeing the implementation of our ‘Heightened Expectations’ across Large Banks in late 2012, Molly has demonstrated a broad and deep understanding of the issues, strong collaboration skills working both inside and outside the OCC, and impressive work ethic and ability to meet aggressive deadlines,” said Senior Deputy Comptroller for Large Bank Supervision Martin Pfinsgraff. “I look forward to working with Molly in this new role that will leverage all of those abilities.”
Ms. Scherf joined the OCC in 1990 and brings 23 years of bank supervision experience across institutions ranging from $50 million to $2 trillion in assets to her new role. She most recently served as Large Bank Lead Expert for Governance and Enterprise Risk Management and previously served as a megabank Team Lead at Wells Fargo. As an examiner, she has reviewed all aspects of bank risk management and specialized in information technology and retail credit.
Molly is a commissioned National Bank Examiner and holds a bachelor of arts degree in economics from the University of Illinois.
Molly fills the vacancy created when Deputy Comptroller Morris Morgan assumed responsibilities for the supervision of nine of the largest banks in Large Bank Supervision in December.
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