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Ex-Bank Risk Chief Hicks Joins SolasAI as SR 26-2 Resets AI Governance
Stephen Hicks, former SVP at a top-five U.S. bank, joins SolasAI's advisory board as SR 26-2 tightens AI governance standards for financial institutions.
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Stephen Hicks, who spent 13 years overseeing fairness risk for all credit products at a top-five U.S. bank, joined SolasAI's Industry Advisory Board. His appointment lands as SR 26-2, the model risk management guidance from the Federal Reserve, OCC, and FDIC, resets how banks govern their models.
The new guidance does not prescribe a fixed checklist. It requires each institution to construct, document, and defend its own standard of sound practice. Examiners will no longer ask whether a bank followed the rules. They will ask whether the bank's discipline is defensible on its own terms. That heavier burden falls on the teams accountable for fairness and model risk.
Hicks spent his career inside that burden. He led model monitoring, disparate impact testing, and regulatory examination management at enterprise scale. Those are the exact functions SolasAI's Beacon and Illumination products are built to support.