Nick Silitch is a seasoned expert in risk management, insurance, and credit risk. Rising through banking leadership to become Chief Risk Officer of one of the world’s largest insurance companies, he has had a front row seat to the most significant economic cycles, challenges, and regulatory changes over the last 40 years. Over the course of his career, he has played an active role in shaping regulatory dialogue and he applies this perspective as a respected advisor to leaders and boards in making decisions that react prudently to market shifts.
As Chief Risk Officer for Prudential Financial Services for more than a decade, Nick built an enterprise risk function from scratch, he also served as a Senior Management Council Member and board member of multiple captive reinsurance and other subsidiaries around the world. Over his tenure, he created a robust stress test environment and drew essential boundaries around exposures that drove smarter business operations and prepared the company for future crises, including the pandemic. Nick joined Prudential as Chief Credit Officer, where he laid the foundation for a dedicated market risk function and hedging strategy that he later rolled out as CRO. This body of work earned him Chief Risk Officer of the Year by InsuranceERM in 2020.
Prior to Prudential, Nick spent more than 25 years at BNY Mellon, where he played a key role in shaping strategy as the bank grew from $20B to $400B. During his tenure, he navigated multiple global financial crises, including leading the bank’s securities clearing operations through the financial crisis as CRO. Nick took on multiple newly created roles that helped ensure the cost-effective integration of BNY and Mellon Financial Corporation. He applied an analytic framework to each new responsibility, that was forged from the unique opportunity of running a $5B workout of global orphan/troubled credit exposures, not long after joining the bank in the early 1990s.
Nick currently serves as Advisory Council Member of the International Association of Credit Portfolio Managers (IACPM) and a Trustee for The Mayhew Program, which provides mentoring and summer programs for at-risk boys. He previously founded and chaired the North American Chief Risk Officer Council to create best practices throughout the insurance industry. He also teaches at Colby College, where he earned his B.A. in Economics, maintaining a connection to the institution that played a key role in his early development.
EXPERTISE
Portfolio Management
Banking and Insurance
Credit Risk
Market Risk
Risk Management
EDUCATION
Colby College
B.A., Economics
WORK HISTORY
SEDA Experts
Senior Advisor
2025-Current
International Association of Credit Portfolio Managers (IACPM)
Advisory Board
2015-Current
Prudential Financial
Chief Risk Officer
Chief Credit Officer
2010-2023
Bank of New York Mellon
Chief Risk Officer – Pershing, Broker/Dealer & Alternative Investment Services
Executive Vice President – Merger Integration
Executive Vice President – Office of Innovation
Senior/Executive Vice President – Basel II Project Office
Senior Vice President – Credit Portfolio Management
Senior Vice President – Investor Relations
Vice President, Special Asset Management, Real Estate Restructuring and Regional Asset Recovery
Corporate Banking Credit
1983-2010
Risk Management and Insurance Expert
Contact
Nicholas Silitch
1185 Avenue of the Americas
New York, NY 10036
+1 646-626-4555