Naugatuck Valley Savings and Loan adds new Chief Risk Officer, Sharon Blanchette

Naugatuck Valley Savings and Loan is pleased to announce the addition of Sharon A. Blanchette as Chief Risk Officer.  In this role, she will be responsible for ensuring that Naugatuck Valley Savings and Loan maintains adequate credit, compliance, and operation risk policies and procedures. Sharon A. Blanchette has over 20 years of experience in the areas of audit, compliance, and risk management, including prior roles as a VP of Internal Audit & Control with a community bank in Massachusetts and as an Assistant Director for a bank compliance consulting firm.  She has been responsible for all aspects of bank auditing and risk assessment.  Ms. Blanchette also has subject matter expertise in information technology, information security, and e-banking controls. 

“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 C. Roman, Naugatuck Valley Savings and Loan President and CEO. 

“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 S. Batista, Chairman of the Board of Directors at Naugatuck Valley Savings and Loan.

Ms. 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.  Ms. Blanchette has also attended the ABA National Compliance School. She is a member of the Connecticut Society of Certified Public Accountants Financial Institutions Committee, the Bank Compliance Association of Connecticut, and the Massachusetts Bank Internal Audit Association and a resident of Windsor, CT.

Naugatuck Valley Savings and Loan, a federally chartered savings bank, was founded in 1922 by local business and community leaders to serve the financial needs of the residents of the Greater Naugatuck Valley. Naugatuck Valley Savings and Loan currently has ten offices in eight towns: Naugatuck, Beacon Falls, Cheshire, Derby, Seymour, Shelton, Southbury and Waterbury and is an Equal Housing Lender, Member FDIC. More information about the bank is available at www.nvsl.com.