Tom Schultz
About Tom Schultz
Tom Schultz is the Managing Director of US Fraud Risk Management at CIBC, with extensive experience in fraud risk and investigation roles across various financial institutions.
Title
Tom Schultz is the Managing Director of US Fraud Risk Management at CIBC. He has been serving in this role since 2019, where he oversees fraud risk management across the US region.
Professional Experience in Fraud Risk Management
Tom Schultz plays a key role at CIBC as the Managing Director, US Fraud Risk Management since 2019. His responsibilities include developing the fraud risk management operating model and program strategy, directing program execution, and focusing on identifying and mitigating fraud risks. Prior to this, he served as VP, Fraud Risk & Control Manager at MB Financial Bank from 2018 to 2019. Additionally, he has held significant positions such as Fraud Governance Manager at BMO Financial Group, Senior Investigator at LaSalle Bank, and Investigator at Zurich North America and the Office of Executive Inspector General - State of Illinois.
Education and Expertise
Tom Schultz holds a Master of Business Administration (MBA) from Keller Graduate School of Management, where he studied from 2012 to 2016. He also studied Criminal Justice and earned a Bachelor of Science (BS) from Loyola University Chicago, graduating in 2000. Furthermore, he attended the Federal Law Enforcement Training Center, where he studied in the Inspector General Investigator Academy.
Background in Investigations
Tom Schultz has a robust background in investigations, with roles spanning across various prominent organizations. He worked as an Investigator at Zurich North America from 2006 to 2014 and at the Office of Executive Inspector General - State of Illinois from 2004 to 2005. This experience as an investigator provided him with the foundation for his future roles in fraud risk management.
Fraud Risk and Governance
Throughout his career, Tom Schultz has developed expertise in fraud risk management and governance. At CIBC, he manages team accountabilities related to fraud risk, ensuring proper measures are in place to mitigate potential threats. During his tenure at BMO Financial Group as Fraud Governance Manager, and other positions, he has honed his ability to develop and implement effective fraud governance strategies and risk control measures.