Romana Mizdrak
Toronto,Canada
Summary
Strategic leader in risk and governance with over 20 years of experience in the financial services sector, specializing in risk oversight, regulatory frameworks, and governance of emerging technologies. Recognized expertise in shaping national and international policies on risk management while enhancing industry-wide understanding of complex risks, particularly those associated with artificial intelligence. Proven track record of advising executives and engaging diverse stakeholders to guide critical decisions that strengthen institutional resilience, public trust, and financial stability. Committed to driving innovation and fostering a culture of proactive risk management within organizations.
Overview
2026
2026
years of professional experience
Work History
Managing Director, Risk Quantification
OSFI
01.2022 - Current
- Built team from ground up, developed comprehensive business plans, outlining long-term goals and actionable steps toward success.
- Oversight of systemic risk assessment via stress testing, advanced analytics, and macroprudential vulnerability reviews.
- Lead Domestic Stability Buffer review, advising Executive on capital adequacy for six domestic systemically important banks.
- Spearheaded national AI governance efforts, producing joint research and industry guidance, collaborating with public and private subject matter experts
Managing Director, Model Risk Division
OSFI
01.2018 - 01.2022
- Directed approval of regulatory capital models, and advanced guidance related to model risk management.
- Represented OSFI in senior-level industry and international regulatory engagements focused on model risk and AI risks.
- Strengthened stakeholder relationships, providing regular updates and managing expectations through effective communication strategies.
Director, Model Risk Division
OSFI
2012 - 2018
- Led teams overseeing governance of credit, market, and operational risk models.
- Established best practices for model validation and benchmarking.
- Developed high-performing teams by providing mentorship, guidance, and opportunities for professional growth.
Education
Financial Risk Manager (FRM) -
Global Association of Risk Professionals
Toronto, ON01-2009
Graduate Diploma - Financial Engineering
York University
Toronto ON01-2003
M.A. - Mathematics & Statistics
York University
Toronto, ON01-2003
B.Sc. - Mathematics & Computer Science
York University
Toronto, ON01-2000
Skills
- Enterprise risk management & financial risk assessment
- Governance framework experience
- Artificial intelligence & technology risk governance
- Stress testing & scenario planning
- Stakeholder engagement
- Public policy influence
- Staff management
- Team collaboration
- Client relationships
- Strategic planning
- Strategic partnerships
Governance & Advisory Contributions
- Executive Committees Memberships – Standing member of various executive committees including policy, operations and business.
- AI Governance Leadership – Led cross-sector initiatives to promote responsible AI adoption in financial services, collaborating globally with regulators, academia, and industry bodies
- Policy Influence – Advised on capital adequacy, systemic risk, and AI-related supervisory frameworks for Canada’s federally regulated financial institutions.
Publications and Public Speaking
• Co-authored multiple academic and industry publications on technology adoption and AI governance.
• Over 20 speaking engagements at national and international conferences on risk management, credit risk, model risk and AI.
Languages
Languages: English, Croatian
Timeline
Managing Director, Risk Quantification
OSFI
01.2022 - Current
Managing Director, Model Risk Division
OSFI
01.2018 - 01.2022
Director, Model Risk Division
OSFI
2012 - 2018
Financial Risk Manager (FRM) -
Global Association of Risk Professionals
Graduate Diploma - Financial Engineering
York University
M.A. - Mathematics & Statistics
York University
B.Sc. - Mathematics & Computer Science
York University
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