Chief Risk Officer
Present Job Function: Fallon is chief risk officer of The PNC Financial Services Group. In this role, he is responsible for PNC’s enterprise-wide independent risk management program, including credit, compliance, operational, and market risk.
Previous Employment: Prior to being named to his current position in February 2021, Fallon was senior deputy general counsel, responsible for PNC’s government, regulatory affairs, and enterprise risk. Fallon also served as PNC’s Chief Counsel of Regulatory Affairs and briefly as Acting General Counsel.
Before joining PNC in May 2011, Fallon served as associate general counsel for legislation and special projects with the Board of Governors of the Federal Reserve System in Washington, D.C. While at the Federal Reserve Board, he played a key role in the development and implementation of numerous significant legislative and regulatory initiatives during the past two decades, including the Dodd-Frank Act of 2010, the Federal Reserve's response to the financial crisis, and the Gramm-Leach-Bliley Act of 1999. In addition, Fallon served as general counsel to the Financial Stability Oversight Board, one of the Federal oversight bodies for the Troubled Asset Relief Program (TARP), from 2008 to March 2011. He is a recognized expert in a wide range of subjects under the federal banking laws, and a regular speaker at industry conferences on regulatory reform and financial services regulation.
Prior to joining the Federal Reserve Board in 1995, he served as an associate in the Financial Services Practice Group of the Washington, D.C. office of Morrison & Foerster.
Education: Fallon earned his JD from the New York University School of Law, where he graduated magna cum laude, and his BS in foreign service was received at Georgetown University, where he graduated summa cum laude.