Home   Business   Article

Subscribe Now

New chief risk officer for The Cambridge Building Society as it joins partnership against scams




Sandhya Kawar has been appointed as the new chief risk officer of The Cambridge Building Society, which has also joined a partnership against scams.

Sandhya joined The Cambridge in January to lead the society’s risk and compliance department and was recently confirmed in the position following approval by financial regulators.

Sandhya Kawar, chief risk officer at The Cambridge Building Society
Sandhya Kawar, chief risk officer at The Cambridge Building Society

“I was thrilled to have the opportunity to come to The Cambridge to lead the risk and compliance team,” said Sandhya, who now joins the board.

“I am constantly impressed by the passion and commitment shown by everyone in the department, and across the society, for protecting our members, our people and the widely public.”

Chief executive Peter Burrows said: “We are delighted to welcome Sandhya to our board. She brings a unique combination of strong technical capability combined with a mutual ethos and culture. I am confident she will make a real difference to our risk management capability, to the benefit of the Society and all its members.”

Sandhya, who has a BSc from the London School Economics and an economics MSc from Warwick University, began her career as an economist at the Bank of England in 2004, where she was responsible for stress-testing banks and building societies during the global financial crisis.

She also worked as a risk consultant at Deloitte and within the risk and operations teams at M&G. Most recently, she was head of risk at Britain’s oldest private bank, C Hoare & Co.

Sandhya has already strengthened the risk management capabilities and resources of the society, including overseeing the process of teaming up with Cambridgeshire and Peterborough Against Scams Partnership (CAPASP), a local scam prevention initiative.

Members of The Cambridge Building Society and CAPASP teams
Members of The Cambridge Building Society and CAPASP teams

The scheme works with organisations, including police, to raise awareness and share resources about scams and financial crime.

The Cambridge has a specialised department of financial crime experts to help identify and protect against potential scams.

Financial crime manager Martin Croucher said: “We’re delighted to partner with CAPASP, who have a wealth of knowledge in this field. We will be able to share insights from their scam-prevention work and raise awareness of scams to our members. Such information will help protect them and the broader community.”

It provides the mutual with access to educational materials developed by CAPASP.

The Cambridge’s Martin Croucher, with Mark Rabble of Cambridgeshire police
The Cambridge’s Martin Croucher, with Mark Rabble of Cambridgeshire police

Speaking for for CAPASP, Karen Reid, a community protection officer at Cambridgeshire County Council, said: “We are delighted to welcome The Cambridge Building Society as a CAPASP partner.

“The Cambridge, as a member-owned mutual society, has been an integral part of East Anglian life for nearly 175 years now, with community always close to its heart.

“By becoming a CAPASP partner, the society has further demonstrated its ongoing commitment to protecting its members from the devastating effects of financial crime and we very much look forward to working together to support this.”



This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies - Learn More