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John Pedersen is executive vice president and senior risk management officer of City National Bank and its publicly-held parent company, City National Corporation.
Mr. Pedersen oversees the corporation's Risk Management Division, Enterprise Risk Management, Internal Audit and Credit Risk, and is executive sponsor and chair of the company's Risk Council, an advisory body of senior management which assesses the adequacy and effectiveness of the corporation's risk management. He also facilitates the corporation's Audit and Risk Committee, and is a member of several management committees, including the Executive Committee, Asset Liability Committee, Disclosure Committee, Capital Investment Committee, Credit Policy Committee, Senior Operations Risk Committee and the Problem Asset Review Committee.
Mr. Pedersen, who serves as the company's primary liaison with federal banking regulators, joined City National in October 2004. He began his career in government holding staff and management positions with the Internal Revenue Service, Office of the Comptroller of the Currency and the Office of Thrift Supervision. After government service, he managed a wide range of bank functions, including credit administration, problem resolution, and risk management for several financial institutions, including First Interstate Bancorp, KeyCorp and Bank of the West.
Immediately prior to joining City National, Mr. Pedersen was the small business executive and chief risk officer at Wachovia Small Business Capital.
Mr. Pedersen is involved with various philanthropic organizations, including those which facilitate the micro-financing of small business entrepreneurs.