<P> The chief risk officer ( CRO ) or chief risk management officer ( CRMO ) of a firm or corporation is the executive accountable for enabling the efficient and effective governance of significant risks , and related opportunities , to a business and its various segments . Risks are commonly categorized as strategic , reputational , operational , financial , or compliance - related . CROs are accountable to the Executive Committee and The Board for enabling the business to balance risk and reward . In more complex organizations , they are generally responsible for coordinating the organization 's Enterprise Risk Management ( ERM ) approach . The CRO is responsible for assessing and mitigating significant competitive , regulatory , and technological threats to a firm 's capital and earnings . The CRO roles and responsibilities vary depending on the size of the organization and industry . The CRO works to ensure that the firm is compliant with government regulations , such as Sarbanes - Oxley , and reviews factors that could negatively affect investments . Typically , the CRO is responsible for the firm 's risk management operations , including managing , identifying , evaluating , reporting and overseeing the firm 's risks externally and internally to the organization and works diligently with senior management such as Chief Executive officer and Chief Financial Officer . </P>
<P> The chief risk officer ( CRO ) or chief risk management officer ( CRMO ) of a firm or corporation is the executive accountable for enabling the efficient and effective governance of significant risks , and related opportunities , to a business and its various segments . Risks are commonly categorized as strategic , reputational , operational , financial , or compliance - related . CROs are accountable to the Executive Committee and The Board for enabling the business to balance risk and reward . In more complex organizations , they are generally responsible for coordinating the organization 's Enterprise Risk Management ( ERM ) approach . The CRO is responsible for assessing and mitigating significant competitive , regulatory , and technological threats to a firm 's capital and earnings . The CRO roles and responsibilities vary depending on the size of the organization and industry . The CRO works to ensure that the firm is compliant with government regulations , such as Sarbanes - Oxley , and reviews factors that could negatively affect investments . Typically , the CRO is responsible for the firm 's risk management operations , including managing , identifying , evaluating , reporting and overseeing the firm 's risks externally and internally to the organization and works diligently with senior management such as Chief Executive officer and Chief Financial Officer . </P>
who does the chief risk officer report to
who does the chief risk officer report to
the Executive Committee The Board
the Executive Committee The Board