Chief risk officer
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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)
- 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
