Hiring a Chief Risk Officer

This article originally appeared in the September 2019 issue.

In coming years, the role of the chief risk officer, or CRO, will continue to be a vital part of a bank’s management and governance structure. It is a common position within large institutions, though less so in smaller banks.

The CRO’s role is not always well understood, however, and therefore it’s often poorly defined. The result? Institutions that decide to hire for this position may end up with the…