This is a profile image of Thomas Poppensieker

Thomas Poppensieker

Senior PartnerMunich

As a leader in our global Risk & Resilience Practice, advises top financial institutions and corporations across Europe on a wide array of risk, regulation, and compliance issues

Since joining McKinsey, Thomas has served financial institutions and corporations across Europe. He leads our Risk & Resilience Practice in Germany and co-chairs the global knowledge committee overseeing our core risk work. His areas of expertise include regulation and compliance, enterprise risk management, credit risk management, treasury and market risk management, and workout and restructuring.

Thomas recently spent two years leading a global “three lines of defense” risk-strategy program for a major German bank. He formerly served as a member of the European Commission’s Group of Experts on Banking Issues and is a member of the executive committee of the Frankfurt Institute of Risk Management and Regulation.

Within McKinsey, Thomas has led the design and execution of a number of banking-risk surveys on issues such as credit portfolio management and asset liability management. He has written books on strategic risk management in German banks and credit-portfolio control, as well as a number of articles on risk topics.

Published work

How a defined risk appetite can improve nonfinancial risk management,” McKinsey & Company, October 2023

How agile operating models benefit risk and compliance functions,” blog entry, McKinsey & Company, September 2023

The next frontier in risk efficiency,” McKinsey & Company, April 2023

Risk and resilience priorities, as told by chief risk officers,” McKinsey & Company, December 2022

How Volkswagen board member Hiltrud Werner finds resilience,” McKinsey & Company, April 2022

Risk transformations: The heart, the art, and the science,” McKinsey & Company, April 2022

From risk management to strategic resilience,” McKinsey & Company, March 2022

Financial institutions and nonfinancial risk: How corporates build resilience,” McKinsey & Company, February 2022

The resilience imperative: Succeeding in uncertain times,” McKinsey & Company, May 2021

Meeting the future: Dynamic risk management for uncertain times,” McKinsey & Company, November 2020

Strengthening institutional risk and integrity culture,” McKinsey & Company, November 2020

How banks can ease the pain of negative interest rates,” McKinsey & Company, March 2020

Enhanced cyberrisk reporting: Opening doors to risk-based cybersecurity,” McKinsey & Company, January 2020

The compliance function at an inflection point,” McKinsey on Risk, January 2019

Value and resilience through better risk management,” McKinsey on Risk, October 2018

Basel III: The final regulatory standard,” McKinsey on Risk, April 2018

A new posture for cybersecurity in a networked world,” McKinsey on Risk, March 2018

Sustainable compliance: Seven steps toward effectiveness and efficiency,” McKinsey on Risk, February 2017

Nonfinancial risk today: Getting risk and the business aligned,” McKinsey & Company, January 2017

Nonfinancial risk: A growing challenge for the bank,” McKinsey & Company, July 2016

The evolving role of credit portfolio management,” McKinsey & Company, July 2016

Compliance and control 2.0: Unlocking potential through compliance and quality-control activities, McKinsey Working Papers on Risk, Number 33, June 2012


University of Cologne
PhD, finance

University of Bayreuth