Based in Providence, Shanik will oversees the risk management organization within Citizens including strategy and day-to-day operations. She is a member of Citizens’ Executive Committee, the RBS Americas Risk Committee and the RBS Group Risk Board.
Shanik joins Citizens from Alvarez & Marsal in New York where she was a managing director. Before joining Alvarez and Marsal, Shanik spent three decades at Citigroup in roles of increasing responsibility.
She began her career as a corporate finance professional and has a broad-based product and restructuring background. She has more than 25 years of corporate debt restructuring experience, including the position of senior business manager for Citigroup’s top tier global workout and restructuring business from 1996 to 2004.
From 2004 to 2008, Shanik served as chief credit officer for Citigroup’s Global Commercial Markets business.
Citizens and RBS Americas chairman and CEO Ellen Alemany said Nancy’s broad-based experience in financial services and her leadership will enhance Citizens’ risk management capabilities.
“Nancy’s experience in small middle market and real estate will help us expand commercial banking in our footprint,” Alemany said.
