ERM Glossary: Chief Risk Officer (CRO)

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If an organisation has a Chief Risk Officer (CRO) then the CRO would normally have responsibility for overall leadership and development of ERM and other risk disciplines within the organisation. The CRO often reports to the Chief Executive Officer (CEO) or the Chief Financial Officer (CFO).

CEOs, CFOs and CROs are examples of individuals within the ‘C-suite’ layer of management within an organisation, loosely speaking those individuals who have ‘chief’ within their title or who carry equivalent responsibilities but are not given this title as such.

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