Chief risk officer
From Wikipedia, the free encyclopedia
The Chief Risk Officer (CRO) or Chief Risk Management Officer (CRMO) of a corporation is the executive in charge of assessing and planning for potential risks in the various segments of a given business model, such as computer security, compliance, and lawsuits, to minimize the firm's liability and related management costs.
The CRO is a revolutionary position created in the wake of the Basel Accord, the Sarbanes-Oxley Act, the Turnbull Report and other pieces of legislation.
The main priority for the CRO is to ensure that the organisation is in full compliance with the regulations. Monitoring emerging risks, and integrating risk management principles, in the organisation strategic framework, is also emerging as a crucial role of the CRO.
[edit] CROs
- AEGON USA Inc - Ellen Eichenbaum Cooper, FSA (actuary)
- Allianz Life Ins Co of North America - Michael P. Spurbeck, FSA (actuary)
- Allstate Insurance Co of Canada - Jeffrey R. Ill, ACAS (actuary)
- Allstate Insurance Co - Larry Moews, FAS (actuary)
- AXA France - Andrew J. Wallace-Barnett, FIAA, ASA (actuary)
- Bank of America - Amy Woods Brinkley
- Canadian Imperial Bank of Commerce - Wayne Fox
- Capital Assurance Corporation - Stephen Eric Cernich, ASA (actuary)
- Catlin Group Ltd - Janet R. Nelson, FCAS (actuary)
- CITIC Prudential Life Insurance Co Ltd - Alfred Hon Shan Hui, FSA (actuary)
- Deutsche Bank - Hugo Bänziger
- Enron - Richard Buy
- Swiss Re Underwriters Agency - Todd J. Hess, FCAS (actuary)
- UBS AG - Walter Stuerzinger
- XL Re Ltd, Life - Brett Donald McWilliam, FIA FSA (actuary)
- Zurich Financial Services Group - Andreas Grünbichler
[edit] External links
- The rise and rise of the chief risk officer (article by Sheila Allen)
- Send in the Chief Risk Officer (article by Sandra Pundmann and Bill Kobel)
- Chief Risk Officers emerging as key to helping CIOs accomplish goals (by IT Business Edge)
- The Expanding Role of Chief Risk Officer: From Risk Cop to Decision-Maker (article by Alex Krutov)
- The Chief Risk Officer (article by C.R. Lee and P. Shimpi)
[edit] See also
 |
This organization-related article is a stub. You can help Wikipedia by expanding it. |
