No matter how bright and organized a chief risk officer is, an institution’s enterprise risk management (ERM) program is only effective when employees follow it. That’s why building buy-in is essential for anyone involved in managing risk. In fact, it’s the biggest challenge some CROs face. It certainly is for the banker who manages strategic […]
What’s it like to be a community bank or credit union chief risk officer? It’s a complex, time-consuming job—one that balances day-to-day management with big picture planning. And it may not even be that banker’s only responsibility or even her official title. That’s according to a banker who manages operational risk at a $1 billion+ […]
Strategic risk is the possibility that a company doesn’t make decisions that support its long-term goals. Companies that aren’t managed well and make poor strategic decisions may provide sub-par products or services or even close shop.