 They may deal with topics regarding insurance, internal auditing, corporate investigations, fraud, and information security.The responsibilities and requirements to become a chief risk officer vary depending on the size of the organization and the industry, however most CRO's typically have a masters-degree level of education and 10 to 20 years of business-related experience, with actuarial, accounting, economics, and legal backgrounds common.There are many different pathways to become a CRO but most organizations prefer to promote their own employees to the position internally.