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The Evolving Role of the Chief Risk Officer
This episode discusses the evolving role of the Chief Risk Officer (CRO) in banks, particularly in the UAE, where stricter regulations have been implemented. The traditional, centralised model of risk management, where the CRO oversees all risks, is questioned due to the increasing complexity of modern financial challenges. This complexity includes cybersecurity, environmental concerns, and operational issues, exceeding the capacity of a single individual. The article argues that over-reliance on a single CRO creates significant risk, advocating for a potential shift away from this centralised approach. The focus is on whether the current structure is sustainable given the expanding scope of risk management.
Published on 11 months ago