| Chief Risk Officer - CRO |
What Does it Mean?
The executive responsible for identifying, analyzing and mitigating internal and external events that could threaten a company. The chief risk officer works to ensure that the company is compliant with government regulations, such as Sarbanes-Oxley, and reviews factors that could negatively affect investments or a company's business units. CROs typically have post graduate education with over 20 years of experience in accounting, economics, legal or actuarial backgrounds.
Also referred to as a chief risk management officer (CRMO).
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Investopedia Says...
The position of chief risk officer is constantly evolving. As new technologies are adopted by a company, the CRO must govern information security, protect against fraud... Read
more »
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| Related Terms |
| Basel Accord |
| Internal Audit |
| Internal Controls |
| Risk Management |
| Sarbanes-Oxley Act Of 2002 - SOX |
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