RALEIGH, N.C. – Coastal Credit Union has promoted Arlene Babwah to Chief Risk Officer. In her new role, Babwah will oversee the credit union’s enterprise risk management, compliance, fraud, legal, business continuity, and vendor management functions. She will play a key role in protecting the organization by mitigating a variety of risks, as well as positioning Coastal as a trusted advisor by helping members feel that their financial relationships, personal information, privacy and transactions are all secure.
“Adding Arlene to our C-Suite means having a risk leader on the executive team who can take a holistic view and oversight of the risks we face,” said Chuck Purvis, President & CEO. “As our organization grows, we must move beyond day-to-day operational and tactical risk management, and think much bigger.”
Babwah brings a wealth of Coastal and industry experience to the role. She joined Coastal in 2005, and most recently served as VP, Risk Management. She also chairs Coastal’s Diversity, Inclusion & Belonging, Bank Secrecy Act, Business Continuity and Risk Operations committees.