Tag: Provident Bank

Provident Bank is welcoming two women to its leadership team as senior vice presidents.

The Jersey City-based financial institution announced the appointments of Controller Diane Gigliotti and Chief Compliance Officer Mary Brown July 25.

In her new role, Gigliotti is responsible for managing the accounting, controls and financial operations as required by accounting and regulatory requirements. She also leads budgeting, forecasting, long-term planning and strategic business planning of the financial team; prepares financial analysis, modeling and reporting; and directs the preparation of the bank’s annual business plan for submission to the board of directors.

Gigliotti brings more than 20 years of experience to the bank, most recently as chief financial officer and managing director with the BBVA New York Branch. Provident said she previously was responsible for regulatory reporting, financial statements and coordination with auditors as CFO of BBVA subsidiary BBVA Securities Inc.

Executive Vice President Chief Accounting Officer Adriano Duarte celebrated the appointment.

“I am thrilled to welcome someone with Diane’s depth of experience to the accounting team,” Duarte said in a statement. “She brings great attention to detail and sound business judgment to her work and analysis. I look forward to working with her and the insight she will provide.”

Brown is responsible for developing and implementing a comprehensive compliance program to ensure effective compliance risk management across all areas of the bank while providing regular reporting to the management governance committees and the board of directors, as necessary, Provident said. She also serves as the bank’s Community Reinvestment Act Officer, in charge of assisting management with the implementation of strategies to support Provident’s goals of promoting affordable housing initiatives and making a positive impact on underserved communities within the bank’s market.

Brown has worked in the financial services industry for more than 25 years in leadership roles of increasing responsibility. Most recently, Provident said she served as managing director and chief compliance officer for HSBC, where she provided strategic leadership for regulatory and financial crime compliance, risk stewardship and advisory support to the U.S. retail bank.

Executive Vice President and Chief Risk Officer James Christy said he was “delighted to welcome Mary to this important role on our Risk leadership team.

“Her record of success at a range of financial institutions makes her a valuable contributor towards the success of Provident, while we maintain our high standards in risk management, regulatory compliance, and community service,” Christy added.

The appointments come in the wake of Provident Bank’s recognition as one of NJBIZ’s inaugural Empowering Women award winners. The program, introduced in 2023, recognizes businesses for their efforts to advance women in the workplace and community.

Provident is also active in its broader community engagement, last week revealing $950,000 in grants for 10 nonprofit organizations.

The wholly owned subsidiary of Provident Financial services Inc., as of March 31, 2023, the most recent information available, Provident Bank had assets of $13.78 billion and $10.30 billion in deposits. The business has 96 locations across New Jersey, New York and Pennsylvania.