Synovus Financial named Michael Colasso its new enterprise and operational risk executive director. Colasso will report to Shellie Creson, executive vice president and chief risk officer at Synovus Financial, and be responsible for the strategic design and execution of Synovus’ enterprise and operational risk programs and oversight, including frameworks and methodologies to support effective risk identification, assessment, mitigation and monitoring. He will be based in Atlanta.
“Michael’s impressive track record and depth of experience in risk management will ensure Synovus continues to advance its operational risk discipline and supporting policies and practices,” Creson said. “He will provide valuable thought leadership to ensure our risk management practices continue to evolve as our organization grows.”
Colasso has more than 15 years of financial risk management experience. He joined Synovus from Truist, where he most recently served as head of enterprise risk management programs and framework since 2019. Colasso began his career in fraud and forensics at KPMG and served as a senior examiner at the Federal Reserve Bank of Atlanta for banks with more than $100 billion in assets.
