What does a chief risk management officer do?

A Chief Risk Management Officer (CRMO) is an executive responsible for identifying, assessing, and mitigating risks that could threaten an organization's operations, assets, or reputation. They develop risk management policies, oversee compliance with regulations, and ensure that risk controls are integrated into business strategies. The CRMO also reports on potential risks to the board of directors and works with other leaders to ensure that risk management is a central part of decision-making processes.