On May 1, 2018, Great Western Bancorp, Inc. announced that Karlyn Knieriem, current Senior Vice President and Head of Enterprise Risk Management will succeed Executive Vice President and Chief Risk Officer, Stephen Ulenberg, upon his retirement from the company on June 15, 2018. Ms. Knieriem will be responsible for the overall direction and operations of the risk department, including Enterprise Risk Management, Bank Secrecy Act, Compliance and Risk Asset Review. Ms. Knieriem is also responsible for maintaining the risk appetite statement covering all risk categories including credit risk, financial interest rate risk, compliance risk, strategic and reputational risk, legal risk, model risk, informational technology risk and operational risk; developing risk frameworks including risk and control assessments, policies and procedures and regulatory requirements; and assisting in the development and management of regulatory relationships.