The chief risk officer (CRO) or chief risk management officer (CRMO) of a corporation is the executive accountable for enabling the efficient and effective governance of significant risks, and related opportunities, to a business and its various segments. Risks are commonly categorized as strategic, reputational, operational, financial, or compliance-related. CRO's are accountable to the Executive Committee and The Board for enabling the business to balance risk and reward. In more complex organizations, they are generally responsible for coordinating the organization's Enterprise Risk Management (ERM) approach.
The position became more common after the Basel Accord, the Sarbanes-Oxley Act, the Turnbull Report
A main priority for the CRO is to ensure that the organisation is in full compliance with applicable regulations (chief compliance officer). They may also deal with topics regarding insurance, internal auditing, corporate investigations, fraud, and information security. CRO's typically have post-graduate education and 20+ years of business experience, with actuarial, accounting, economics, and legal backgrounds common.
The Rise of the CRO in Executive Middle East Magazine, http://www.executive-magazine.com/getarticle.php?article=14802
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Wed, 15 Apr 2015 04:36:59 -0700
IRVINE, Calif., April 15, 2015 /PRNewswire/ — loanDepot LLC, America's consumer lender, today announced Brian Biglin has been named chief risk officer and will join the company's executive team this month. Biglin will lead the innovation of new ...
Wed, 15 Apr 2015 13:37:30 -0700
Delong and Reis will continue in their ongoing roles at Freddie Mac -- DeLong as senior vice president, enterprise operational risk management and Reis as senior vice president, enterprise chief risk officer for the Investments & Capital Markets business.
Tue, 07 Apr 2015 10:03:45 -0700
BURLINGTON, VT— Marie Thresher, Executive Vice President and Chief Operating Officer for Merchants Bank, announces Jonathan Watson has been promoted to the position of Senior Vice President and Chief Risk Officer. Watson has over ten years of ...
Sun, 19 Apr 2015 01:26:15 -0700
On April 17, , the EVP, CHIEF RISK OFFICER of Iberiabank Corp., Randolph Bryan exercised options of Iberiabank Corp. for $62.4k. The options were about to expired and Randolph Bryan sold the stocks. In addition to Bryan, 2 other IBKC executives ...
Insurance News Net
Mon, 13 Apr 2015 05:56:15 -0700
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Satellite PR News (press release)
Mon, 13 Apr 2015 11:47:26 -0700
WYOMISSING, PA–(Marketwired – April 13, 2015) - Robert White, Customers Bank's executive vice president, corporate development and Special Assets Group president, will assume additional responsibilities as chief risk officer for Customers Bank.
Kansas City Business Journal
Kansas City Business Journal
Tue, 24 Mar 2015 10:23:16 -0700
Rolf is the founder of a Fairway-based community bank accounting and consulting firm called Rolf Perrin & Associates. He spent 28 years at the firm before retiring at the end of 2014. Prior to that he spent seven years as an auditor at KPMG LLP in Chicago.
GlobeNewswire (press release)
Mon, 23 Mar 2015 13:48:45 -0700
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