"A Chief #Risk Officer (CRO) is not the owner of the entity’s #risks but rather an advisor on risk management matters. A CRO provides a critical role in guiding and influencing risk based decisions, working closely with the accountable authority to identify, measure and evaluate all key current, emerging and future risks. A CRO role is a position of significant influence and provides critical capability to an executive team. A CRO supports the accountable authority to influence the culture of an entity by providing objective advice on the performance and behaviours of people, processes and systems in their entity.?" #enterpriseriskmanagement #riskmitigation #riskmanagement #riskmanagement #riskassessment #riskmanagementframework #riskanalysis
"A Chief #Risk Officer (CRO): A CRO plays an important advisory role in supporting the accountable authority to achieve a positive risk culture within an entity. They are most effective when they have: 1) a sound understanding of their entity’s business related processes. 2) informed judgement on how to engage in risk as part of the business process, not as an add-on or discretionary process. CROs should be sufficiently senior and have a good understanding of the operations of their entity and the government’s objectives in relation to the entity’s purpose. CROs should have the authority to effectively challenge decisions that may affect the entity’s risk profile, and lead discussions across the entity on what risk can be accepted and managed?" #riskmanagement #enterpriseriskmanagement #riskassessment #riskmitigation #riskandcompliance #enterpriserisk #riskculture #riskmanagementframework #riskgovernance
