digplanet beta 1: Athena
Share digplanet:


Applied sciences






















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.

External links[edit]


The Rise of the CRO in Executive Middle East Magazine, http://www.executive-magazine.com/getarticle.php?article=14802

Original courtesy of Wikipedia: http://en.wikipedia.org/wiki/Chief_risk_officer — Please support Wikipedia.
This page uses Creative Commons Licensed content from Wikipedia. A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia.
617379 videos foundNext > 

Buffett Says "Chief Risk Officers" are a Terrible Mistake

One of the benefits of attending the Berkshire Hathaway (NYSE: BRK-B) shareholders' meeting is learning from the great value investors and Buffettologists wh...

Chief Risk Officer Interview at Risk & Regulation USA 2013

A summary of the critical challenges, opportunities and skillsets required by financial risk professionals discussed in the CRO Opening Panel at Risk & Regul...

The Banker Video Series: The Role of the Chief Risk Officer

The changing role of chief risk officers and how SAS® can help them reduce risk exposure while increasing profitability. For more insight on how companies ar...

Ch 6 of 6. The role of the chief risk officer – Enterprise risk management in the digital era

Ch 6 of 6. The role of the chief risk officer – Enterprise risk management in the digital era.

Interview with Jacques Beyssade, Natixis's chief risk officer

Natixis's chief risk officer, Jacques Beyssade, talks to The Banker's Silvia Pavoni about progress towards a European banking union and the silver linings su...

Pat Kirscht, Chief Risk Officer - Building a Strong Business

A message from Mark Hughes, Chief Risk Officer, RBC

How RBC takes smart risks to pursue its growth strategies. Find out more by visiting www.rbc.com/ar2014.

Insights: The chief compliance officer of the future: Embracing a Risk Intelligent view

Over the past decade, heightened regulations related to the Patriot Act, Sarbanes-Oxley and Dodd-Frank have elevated the importance and visibility of the chi...

UBS Names Philip Lofts as Chief Risk Officer

Philip J. Lofts, CEO UBS Group Americas (NYSE:UBS), resumes his former role as UBS's Group Chief Risk Officer. Philip J. Lofts was Group CRO between November...

AIG Appoints Sid Sankaran as Chief Risk Officer 11-8

Officials from American International Group, Inc. (NYSE:AIG) announced Monday that Robert Lewis will be succeeded by Sid Sankaran as the firm's chief risk of...

617379 videos foundNext > 

6337 news items

securities lending times

GlobeNewswire (press release)
Tue, 20 Jan 2015 09:03:45 -0800

CHICAGO, Ill, Jan. 20, 2015 (GLOBE NEWSWIRE) -- via PRWEB - OCC announced today that John Grace has joined OCC as Executive Vice President and Chief Risk Officer. He will be responsible for driving and implementing OCC's risk management ...


Fri, 02 Jan 2015 13:39:14 -0800

A Treasury memo dated September 2013 and obtained by Bloomberg News said the department intended to hire a chief risk officer to “provide permanent financial risk-management expertise.” The department has assumed responsibility for taxpayer rescues ...

Wall Street Journal (blog)

Business Wire (press release)
Tue, 06 Jan 2015 07:45:00 -0800

NEW YORK--(BUSINESS WIRE)--Fitch Group has announced the appointment of John Olert as Group Chief Risk Officer, effective immediately. A global leader in financial information services, Fitch Group is pursuing a more holistic and integrated approach to ...


Thu, 08 Jan 2015 00:26:15 -0800

Standard Chartered PLC "the Group" is announcing the retirement of Richard Goulding as Chief Risk Officer and Jan Verplancke as Chief Information Officer and Group Head of Technology and Operations from the Group, and as Directors of the Court of ...
Virtual Press Office (press release)
Fri, 09 Jan 2015 10:45:00 -0800

TORONTO, Jan. 9, 2015 /CNW/ - Home Capital Group Inc. (TSX:HCG) today announced that Gregory W. Parker has been appointed as Executive Vice President and Chief Risk Officer of Home Capital and its wholly owned subsidiary, Home Trust Company, ...
Zawya (registration)
Thu, 01 Jan 2015 00:18:25 -0800

The appointment of an Omani woman as a chief risk officer is a first in Oman's banking industry. This announcement is part of the bank's succession plan for senior executives and commitment to supporting Omani talent and empowering women to take up ...

Click Green

Click Green
Mon, 26 Jan 2015 04:11:15 -0800

Peter takes up the new Executive Director role from his existing position as Chief Risk Officer at GIB. He will join chief executive Shaun Kingsbury as the only other Executive Director on GIB's independent board. GIB is now recruiting for a new Chief ...
Tue, 27 Jan 2015 07:00:00 -0800

Our participants today will be Harris Simmons, Chairman and Chief Executive Officer; Doyle Arnold, Vice Chairman and Chief Financial Officer; Scott McLean, President; and Ed Schreiber, Chief Risk Officer; and Michael Morris, Chief Credit Officer. I'd ...

Oops, we seem to be having trouble contacting Twitter

Support Wikipedia

A portion of the proceeds from advertising on Digplanet goes to supporting Wikipedia. Please add your support for Wikipedia!

Searchlight Group

Digplanet also receives support from Searchlight Group. Visit Searchlight