The Chief Risk Officer: State of Play

Written by: Dr Sandra Seno Alday, Deputy Head of International Business at the University of Sydney Business School

In 2023, the Chief Risk Officer (CRO) turned 30. As this millennial role matures and comes of age in turbulent world, it is worthwhile to examine how CROs have evolved and transformed through three tumultuous decades in Australia.

From GE Capital being credited with appointing the very first Chief Risk Officer (CRO) in the world in 1993, to what it meant to be a CRO during the 2008 Global Financial Crisis and the continual evolution of risk responsibility diversity.

Data shows that the range of risk-related positions on C-suites are parallel to football playing positions. There are CROs that function as goalkeepers, defenders, midfielders and forwards. Click below to read the full white paper below and determine which position a CRO plays.

DOWNLOAD AND READ THE FULL WHITEPAPER HERE

While we've got you thinking about a CRO's skills, we thought it the perfect time to gather your feedback on how best to develop strategic risk managers at the highest levels of organisational leadership.