Enabling the Chief Risk Officer’s Success (Third in a series)
The CRO is responsible for executing the risk program and providing another line of defense in protecting enterprise value. No other individual, function or group in a financial institution is charged with viewing performance exclusively from a risk perspective.
This white paper discusses six key success factors for positioning the CRO. We cite three studies providing an indication of the “current state” and evidencing progress since the financial crisis. We have offered suggestions to enhance further the CRO’s positioning and have recommended some steps CROs might take to identify enhancements in how their function is positioned within their respective organizations.