Rick Thornton Senior Vice President, Risk and Compliance

Rick Thornton is senior vice president of the Risk and Compliance division, where he leads the procurement, compliance, business continuity, AS/5 and enterprise risk functions. Under Rick’s leadership, this group is responsible for ensuring that Bank staff effectively manage risks while rigorously complying with procedures and policies.

Previously, Rick served as senior vice president and general auditor. In this role, Rick led the internal audit department, which is charged with evaluating the adequacy and effectiveness of the organization’s risk management, internal controls, and governance processes.

Rick was previously the vice president for Law Enforcement and Facilities at the Minneapolis Fed. Prior to joining the Bank in April 2018, Rick completed a successful 30-year career at the FBI. There, he served in a variety of senior positions, ending his career as special agent in charge of the field office responsible for all operations in Minnesota and the Dakotas.

February 2024