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The chief risk officer (CRO) is the corporate executive tasked with assessing and mitigating significant competitive, regulatory and technological threats to an enterprise's capital and earnings. The position is sometimes called chief risk management officer or simply risk management officer.

Typically, the CRO is responsible for the firm's risk management operations, including managing, identifying, evaluating, reporting and overseeing the firm's risks externally and internally to the organization and works diligently with senior management such as chief executive officer and chief financial officer.

Most Chief Risk Officers have advanced degrees and a minimum of 10 years experience in a corporate role. For example, a Master's of Business Administration (MBA) with a focus in economics or accounting would be appropriate to qualify for top jobs in this field.

Chief Risk Officer Qualifications The CRO is responsible for identifying and assessing risks, and then developing modules and treatments to combat or minimize these risks. A successful risk manager has the analytical skills, quantification skills, and requisite expertise to do all these.

The Risk Officer will identify, assess threats and come up with preventive measures and decide how to avoid, reduce or transfer risks. He or she will be responsible for managing the risk to the Agency's employees, customers, reputation, assets and interests of stakeholders.