The Future of The Chief Risk Officer

Financial ServicesLegal, Risk, and ComplianceExecutive Search
Article Icon Article
Ellen Yaffe
九月 10, 2020
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Financial ServicesLegal, Risk, and ComplianceExecutive Search
EXECUTIVE SUMMARY
Organizations need to close the gap between risk and commercial units, build data fluency in risk, and develop their risk bench strength.
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A strong, commercially minded, proactive risk management function has never been more important. New forms of risk are emerging, and regulation is tightening. The impacts of macroeconomic events—including COVID-19 —are being felt in the form of an impending recession, and lack of consumer and business confidence will most likely undermine a rapid recovery.

Understanding the impacts of these risks to your business is critical

Having placed many senior risk management professionals globally—and from regular conversations with market leaders in the field—we have a three-part thesis on the way in which the risk function needs to develop at scaled organizations.