DFC appoints chief risk officer
Alice M. Miller was approved by the US International Development Finance Corporation (DFC) board of directors to serve as the agency’s first chief risk officer (CRO). As CRO, Miller will lead efforts to identify and manage risks to DFC.
“The BUILD Act directs DFC to prioritise the least developed – and most challenging – markets in the world,” said DFC chief executive officer Adam Boehler. “Alice has dedicated her career to helping organisations manage the unique risks associated with doing business in these markets. As DFC’s first CRO, Alice will lead DFC’s efforts to understand and manage risk while promoting development and advancing US foreign policy.”
“In creating DFC, Congress understood the importance of both managing risk and capitalising on opportunities to advance the agency’s development objectives,” said Miller. “I am honoured to be joining DFC as its first chief risk officer, and look forward to supporting decision-making through the implementation of a range of risk management tools and approaches as the agency continues to finance solutions to development challenges all over the world.”
Miller brings more than 20 years of experience in development finance with a focus on risk assessment and financial management. Most recently, she served as the first chief risk officer of the Millennium Challenge Corporation (MCC), where she was responsible for guiding and overseeing the agency’s approach to assessing and managing risk, including developing and implementing its enterprise risk management programme.
Prior to joining MCC, Miller was chief financial officer at Financing for Development Corp., a nonprofit organisation that promotes innovations in financing to increase the efficiency of investments in development. She previously served as chief risk officer for the Development Credit Authority (DCA) of the United States Agency for International Development (USAID).
Miller has also worked at the World Bank, Export-Import Bank of the United States, and U.S. Department of Commerce. She received her M.A. from the Johns Hopkins University School of Advanced International Studies and a B.A. from Gonzaga University.
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