Karina McTeague
Biography
Karina McTeague is a highly experienced business leader with a unique combination of UK and international banking, financial services regulation, governance, and global payments gained at Board and executive level. She has more than 25 years of retail and commercial banking, regulation and payments experience in a breadth of roles including general counsel, strategy, sales, and international Chief Risk Officer (CRO). She started her career as a corporate lawyer.
She has been CRO at Visa Europe and CRO for Lloyds Banking Group in North America. Karina has served at the Financial Conduct Authority as Director of Supervision for the Retail Banking & Payments sectors, after which she was Director of Supervision for the General Insurance & Protection sectors, and Conduct Specialists.
Karina’s non-executive experience covers the commercial and public sector. She has served on the Home Office Audit & Risk Assurance Committee and was a member of the Board of Create London, a charity that commissions bold, radical and socially-engaged art and architecture that is woven into the fabric of everyday life. Previously, she has been a member of the Council of the Law Society of Scotland, sat on its Audit Committee, and sat on various Scottish Government working parties, including the Business Experts & Legal Forum. Karina presently sits on the Advisory Board for Edinburgh University Law School’s Foundation for Women in Law, of which she is a co-founder. She also provides pro bono support to the Board of Manchester based Risktech start up, RiskSmart Limited.
Non-executive director
Our non-executives are senior figures from outside the department who bring a diverse mix of expertise and skills from across the public and private sector.
They all:
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give guidance and advice to DBT leaders and ministers
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support and challenge management on the department’s strategic direction
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provide support in monitoring and reviewing progress
The Audit and Risk Assurance Committee (ARAC) is a sub-committee of the DBT Board. It provides advice to the board and DBT’s Permanent Secretary (Accounting Officer) on issues of risk, control and governance.