Mr. Lee is still an executive vice president and the chief risk officer at Riggs.

"My guess is that we did not expect to actually have much net income," Michael Pradko, Harvard's chief risk officer, said in an e-mail message.

Assigning a risk officer - a team member other than a project manager who is responsible for foreseeing potential project problems.

Typical characteristic of risk officer is a healthy skepticism.

Thomas A. Dowling, the senior vice president for financial administration, was promoted to the new post of chief risk officer.

They point out, for example, that the risk officers' group is self-appointed and includes several companies that have been accused of improper business activities.

The risk officers' committee is working to improve transparency within the industry through disclosures of the impact of things like the accounting change.

Some have shifted assets from stocks to bonds, while others have changed the way they analyze their investments or hired special risk officers.

The bank's negotiations with the government were led by Greg Curl, who took over as its chief risk officer in June.

He complained to no avail to the chief risk officer, Richard B. Buy, and others.