The Job of Chief Risk Officer (CRO)In the Enterprise Risk Management (ERM) FAQ described in the previous post, a question of particular interest to training and development professionals is, "What are the skill sets of the CRO?"
The answer Protiviti offers lists ten non-mutually exclusive skill sets (presented below in edited form):
- Ability to think strategically (which must be linked with having the authority and resources to monitor the performance of risk units and risk owners on matters of significance to the enterprise as a whole).
- Recognizing that organizations need to take risks to compete and thrive.
- Ability to communicate and facilitate effectively.
- Ability to organize and motivate others, who in many cases may be in more senior positions.
- Ability to work with all levels of management.
- Ability to project a strong presence and to interact effectively with senior management.
- Ability to report accurately and effectively to the board of directors and its audit committee.
- In articulating risk assessments, ability to be concise and direct in communications with top management and directors, and to field sharp questions.
- Ability to analyze significant amounts of data and information, and to distill it to the key points that help senior management analyze risk in a given situation.
- Ability to accumulate, summarize and interpret risk reports from business units, risk units, support units and assurance units.
Labels: Risk management