Title: Luminary Director
Company: Protiviti
Location: Summit, New Jersey, United States
John McDermott, JD, Luminary Director at Protiviti, has been recognized by Marquis Who’s Who Top Executives for dedication, achievements, and leadership in Law and Consulting.
Mr. McDermott has established a distinguished career in the financial services industry, marked by his expertise in risk, legal and compliance consulting. Currently serving as the director of financial services industry luminary at Protiviti since 2019, he is responsible for handling risk, legal, and compliance consulting for financial services representatives. Mr. McDermott’s role at Protiviti is a culmination of over four decades of experience in the field.
Before being acquired by Protiviti, Mr. McDermott was the managing director and head of compliance and operational risk control at UBS from 2013 to 2018. During this time, he played a pivotal role in overseeing compliance and risk management strategies, ensuring that the organization adhered to regulatory standards while fostering a culture of integrity and accountability.
Between 2009 and 2013, Mr. McDermott served as the managing director and chief risk officer at LPL Financial. In this capacity, he was instrumental in developing comprehensive risk management frameworks that safeguarded the firm’s interests and enhanced its operational resilience. Mr. McDermott also managed a governance, enterprise risk and compliance group comprising over 400 individuals and served as a member of the parent company and executive management committee.
Mr. McDermott’s previous leadership was demonstrated during his tenure at Merrill Lynch from 1981 to 2009, where he rose to the position of senior vice president and head of audit and compliance. Initially hired as a director and general counsel for Merrill Lynch Japan, he subsequently served in the same capacity for Merrill Lynch of Europe, the Middle East and Africa. In 1998, Mr. McDermott was named as the first vice president and global head of capital market compliance in New York. From 2004 to 2007, he held the roles of managing director, global head of compliance and director of corporate audit in New York. Mr. McDermott’s dedication of more than 25 years significantly contributed to his skills in talent acquisition and development, people management and leadership.
Laying a strong foundation for his career achievements, Mr. McDermott earned a Bachelor of Arts in economics and political science at Wesleyan University in Middletown, Connecticut, in 1978 and a Doctor of Jurisprudence from Rutgers University in Newark, New Jersey, in 1981. The education he received equipped him with critical analytical skills and a comprehensive understanding of economic principles that have been invaluable throughout his career.
Mr. McDermott’s professional journey is complemented by his active involvement with industry-related organizations. He is a member of both the New Jersey State Bar Association and the New York State Bar Association. Additionally, he serves as an advisor on compliance and legal committees for the Securities Industry and Financial Markets Association, contributing his insights to shape industry standards.
In addition to his professional affiliations, Mr. McDermott is actively engaged in civic affairs. He has served on the board of Good Grief for over five years, demonstrating his dedication to supporting community initiatives, giving back to society and fostering positive change.
Looking ahead, Mr. McDermott aspires to continue working while exploring opportunities to serve on public company boards, leveraging his extensive experience to contribute to corporate governance and strategic decision-making processes.
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