Jeff Vernor

Russell Investments

Director, Global Operational Risk




JEFFREY VERNOR is the Director of Global Operational Risk for Russell Investments, based in Seattle, Washington. Russell, a global leader in multi-asset solutions, manages in excess of US$256B in assets (12/31/13), and provides investment products and services in 44 countries. With about 1,900 associates in over twenty offices around the world, Russell provides services in all the world’s financial centers. Founded in 1936, Russell generates in excess of US$900M annually and has been a subsidiary of Northwestern Mutual since January 1999.

The Global Risk Management department at Russell is responsible for providing management with the leadership, advice and tools they need to identify and manage the risks that could impact the achievement of Russell’s purpose and objectives. As part of the risk management team across the globe, Vernor shares responsibility for executing the team’s strategy for Russell which includes establishing the risk management framework and building the appropriate risk culture throughout operations. Vernor has developed an operational risk model and also assesses the risks associated with Russell’s critical service providers. Vernor also provides support for the risk hedging process, which includes purchasing commercial insurance products where appropriate. Vernor has leadership responsibility for implementation of the risk framework including the development of key training materials and the delivery of facilitated risk assessment workshops.

Vernor joined Russell in August of 2006 after seven years with USAA, then a $14B San Antonio based diversified financial services firm serving more than 5 million military members and their families. As executive director of the Enterprise Risk Management department, Vernor assisted in the design and implementation of the firm’s enterprise risk management discipline. Vernor also managed the operations of USAA’s captive insurance company. Previously, he held risk management, safety and human resources posts with Six Flags at both corporate and theme park posts and performed environmental risk assessments in Dallas, Texas for another firm.

Vernor holds a bachelor’s degree in environmental science from Texas Christian University and was in the inaugural graduating class of the University of Texas at San Antonio’s executive MBA program. Vernor obtained an Associate in Risk Management designation in 2002 and continues his professional development by attending a variety of conferences and courses available within Russell.

Vernor supports the Risk and Insurance Management Society (RIMS) and most recently served as President of the South Texas RIMS Chapter in 2005 and Chair of the Enterprise Risk Management Development Committee at RIMS, which is at the forefront of defining and improving the level of ERM maturity for the entire RIMS membership.

He served on the Board of Directors of the United Way of Pierce County and also served as 2005/2006 Board Chair for St. George Episcopal Day School in San Antonio.

He resides in Federal Way, Washington with his wife, daughter and son.

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