This is a profile image of Piotr Kaminski

Piotr Kaminski

Senior PartnerNew York

Co-leader of our global Operational Risk, Compliance, and Controls Practice, Piotr helps financial services clients transform their approach to managing risk. His deep industry expertise comes from a breadth of experience, including strategy and operations work for both retail-banking and corporate investment-banking clients.

Piotr is a senior partner in the New York office, where his primary client focus is helping financial institutions to operate and thrive in a business environment of sustained market volatility, rising regulatory levels, new technology risks, and complex geopolitical uncertainties. His work typically combines risk expertise with strategic, analytical, and operational insights to improve business economics, reduce process defects, and enhance operational- and compliance-risk profiles. Since joining McKinsey, in 1997, he has advised global universal banks, regional banks, broker—dealers, asset managers, and nonbank financial services firms on five continents.

Piotr’s client work spans a breadth of functional domains, including strategy, risk, operations, and organization. His recent assignments include the following:

  • applying machine learning to improve credit-risk management
  • identifying strategic-growth opportunities in retail banking
  • transforming a corporate-compliance function
  • improving a mortgage lender’s operational performance
  • enhancing corporate stress-testing and capital-adequacy planning
  • implementing an end-to-end risk identification and quantification process

Piotr convenes an annual industry forum of operational risk and compliance executives in North America. He also leads McKinsey’s knowledge efforts in this space, including regulatory compliance, technology risk, and BSA/AML. Piotr frequently publishes articles on risk and is quoted in leading journals on these topics.

Published work

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

The neglected art of risk detection,” McKinsey on Risk, November 2017

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

Protecting your critical digital assets: not all systems are created equal,” McKinsey on Risk, January 2017

Nonfinancial risk today: Getting risk and the business aligned,” McKinsey on Risk, January 2017

The ghost in the machine: Managing technology risk,” McKinsey on Risk, July 2016

Nonfinancial risk—a growing challenge for the bank,” McKinsey on Risk, July 2016

Compliance in 2016: More than just following rules,” American Banker, January 27, 2016

A best-practice model for bank compliance,” McKinsey & Company, January 2016

Growing mortgage sales in a diminished purchase market,” Retail Banking Insights, McKinsey & Company, October 2014

Creating a robust risk-and-control framework in mortgage lending and servicing,” Retail Banking Insights, McKinsey & Company, August 2014


The Wharton School, University of Pennsylvania
MBA, finance

Princeton University
AB, molecular biology