Chief Risk Officers (CROs)

Chief Risk Officers (CROs) lead enterprise-wide efforts to identify, assess, and mitigate risks that could impact an organization’s strategic objectives. Operating at the executive level, CROs develop risk management frameworks that address financial, operational, regulatory, and reputational threats. They collaborate with senior leadership to align risk strategy with business goals, ensuring compliance and resilience across all departments.

CROs also oversee crisis management planning, internal audits, and vendor risk assessments. Their role is pivotal in shaping a risk-aware culture and safeguarding long-term organizational stability.

Common Responsibilities

• Design and implement enterprise risk management (ERM) programs
• Monitor and report on risk exposure across business units
• Ensure compliance with regulatory standards and industry best practices
• Lead development of crisis response and business continuity plans
• Advise executive leadership and board members on strategic risk issues

Typical Employers

• Financial institutions and insurance companies
• Healthcare systems and pharmaceutical firms
• Government agencies and regulatory bodies
• Multinational corporations and holding companies

Related Roles

• Chief Compliance Officer (CCO)
• Enterprise Risk Manager
• Internal Audit Director
• Business Continuity Manager