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John Pedersen is executive vice president and senior risk management officer of City National Bank and its parent company, City National Corporation.
In this position, Mr. Pedersen oversees the company’s risk management division, which includes the functions of enterprise-wide risk management (ERM), internal audit and credit risk review. Mr. Pedersen chairs the company’s Risk Council, an advisory body to staff and management that helps assess the adequacy and effectiveness of the corporation’s risk management policies and procedures. As a member of City National’s Executive Committee, he advises senior management on risk management issues and serves as the company’s primary liaison with federal banking regulators.
Mr. Pedersen joined City National in 2004, becoming chief credit review officer and bringing with him more than two decades of banking and regulatory experience.
He began his career in government with the Internal Revenue Service and held examiner and field management positions with the Office of the Comptroller of the Currency and the Office of Thrift Supervision. In 1990, Mr. Pedersen moved to the private sector, where he worked in credit administration and risk management capacities for several financial institutions, including First Interstate Bancorp and KeyCorp. Just before joining City National, Mr. Pedersen worked for Wachovia Bank, where he was responsible for risk management, special assets, portfolio management and credit risk review as the Chief Risk Officer for Wachovia Small Business Capital.
Active in the community, Mr. Pedersen serves on the board of the Downtown Ketchum YMCA of Greater Los Angeles. Additionally, he is involved with various philanthropic organizations that facilitate the micro-financing of small business entrepreneurs within impoverished communities of developing countries.
Mr. Pedersen received his bachelor’s degree in finance and accounting at the University of Oklahoma in Norman, Okla.
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