GBank Financial Holdings Appoints New Chief Risk Officer of GBank

GBank Financial Holdings, the parent company for GBank, appointed Scot M. Levine as executive vice president and chief risk officer of GBank, effective April 29, 2024. In his role as chief risk officer, Levine will oversee the company’s and bank’s comprehensive risk management framework, ensuring the identification, assessment and mitigation of financial and operational risks across all divisions, including regulatory compliance, lending practices, deposits, privacy, digital marketing and more.

Levine brings to GBank a wealth of expertise and a robust background in risk management and corporate compliance. With a Juris Doctorate from the John Marshall Law School (now UIC) in Chicago, IL, and admitted to the IL Bar in 2010, Levine has dedicated over 14 years to honing his skills in the financial sector. His career spans significant roles where he specialized in compliance management systems (CMS), developing risk assessments and controls, compliance testing, audit programs and effectively handling regulatory examinations and vendor management. Before his arrival at GBank, Levine demonstrated exceptional leadership and strategic foresight at prominent financial institutions, significantly contributing to the enhancement of their risk management and compliance infrastructures.

“Scot’s extensive experience and deep understanding of both the opportunities and challenges in the financial industry make him the ideal choice for this critical role at GBank,” T. Ryan Sullivan, president and CEO of GBank Financial Holdings, said. “His track record of implementing effective risk management strategies will be invaluable as we continue to navigate the complexities of the financial landscape and uphold our commitment to operational excellence.”

“We are confident that Scot’s proven risk management expertise shall be key to our growth while safeguarding the interests of our clients and stakeholders,” Edward M. Nigro, executive chairman of GBank Financial Holdings, said.

“I am excited to contribute to GBank’s renowned legacy of innovation and client service,” Levine said. “I look forward to working with the team to further strengthen our risk management frameworks and support the company’s strategic objectives.”

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