NAUGATUCK — Naugatuck Valley Savings and Loan announced the addition of Sharon Blanchette as chief risk officer.
Blanchette will be responsible for ensuring that Naugatuck Valley Savings and Loan maintains adequate credit, compliance, and operation risk policies and procedures.
“Embracing a proactive approach to strategic enterprise risk management is an integral part of our strategic plan, we are very pleased about strengthening our management team through the addition of Sharon Blanchette as chief risk officer to Naugatuck Valley Savings and Loan,” said Carlos Batista, chairman of the Board of Directors at Naugatuck Valley Savings and Loan in a news release.
Blanchette has over 20 years of experience in the areas of audit, compliance, and risk management, including prior roles as a vice president of internal audit and control with a community bank in Massachusetts and as an assistant director for a bank compliance consulting firm.
“In the current economic environment managing credit, operational and compliance risk is a major focus for Naugatuck Valley Savings and Loan. Sharon brings to us a wealth of experience that will help us to expand that focus,” said John Roman, Naugatuck Valley Savings and Loan president and CEO in a news release.
Blanchette is a Certified Public Accountant, a Certified Internal Auditor, and a Certified Regulatory Compliance Manager. She received a B.A. in economics, cum laude, from Mount Holyoke College and a M.B.A. in finance from Western New England College.
Naugatuck Valley Savings and Loan currently has 10 offices in eight towns including Naugatuck and Beacon Falls.