Role of the Chief Risk Officer (CRO)

The global financial crisis has raised the profile of the previously unglamorous position of bank chief executive officer (CRO). The CRO is an independent senior executive responsible for the risk management function and framework across the entire banking organization. Here we look at the post-crisis role of the CRO, the qualities that make a good chief risk officer, and the relationship between the CRO and the bank's chief executive officer (CEO).