Dallas' Triumph Financial Appoints Chief Risk and Compliance Officer

Mitchell Lee has been appointed chief risk and compliance officer by Dallas-based Triumph Financial Inc., the company announced.

Lee will be responsible for providing strategic oversight of Triumph’s enterprise risk and compliance efforts, including driving the ongoing development of a comprehensive enterprise risk management framework across all divisions of Triumph Financial including TriumphPay, Triumph, and TBK Bank. He will report to Ed Schreyer, Triumph Financial’s executive vice president and chief operating officer.

“With extensive experience in managing risk, compliance, and regulatory affairs at the intersection of financial services and technology, Mitchell brings a wealth of knowledge that aligns with our strategic goals,” Schreyer said in a statement. “His leadership at Synctera and the Federal Reserve Bank of San Francisco has equipped him with a unique perspective on the evolving fintech landscape, making him an ideal fit for Triumph Financial’s vision of driving innovation for the future and ensuring regulatory excellence.”

Developing innovative financial solutions

Lee will oversee the enterprise risk and compliance teams, and his responsibilities will include ensuring adherence to legal and regulatory requirements and integrating risk management concepts into the company’s strategic planning.

Before joining Triumph Financial, Lee was the chief risk and compliance officer at Synctera, a banking-as-a-service company that connects banks with embedded finance companies and fintech startups.

There, he oversaw Synctera’s risk management and compliance programs.

Prior to Synctera, Lee was the director of fintech at the Federal Reserve Bank of San Francisco, a position in which he worked closely with regulators and policymakers on emerging financial technologies including cryptocurrency, marketplace lending, and banking-as-a-service.

Lee currently serves as a board member at the 1990 Institute, a nonprofit organization that focuses on educational programming and champions the fair and equitable treatment of Asian Americans.

“I was attracted to Triumph Financial because it is not just another bank or payments company. It offers a forward-thinking approach, strong leadership, and dedication to the trucking and financial services industry. I’m thrilled to be part of the team and to use my fintech and regulatory expertise to further develop innovative financial solutions that will improve our customers’ connections, reduce risk, and support the trucking community,” Lee said in a statement.

Triumph Financial’s diversified portfolio of brands includes TriumphPay, Triumph, and TBK Bank.

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