A HANDBOOK FOR THE MODERN CRO
Dive into the extensive experience, background and knowledge of a 25-year veteran of the Risk industry. Learn from author and Chief Risk Officer Jennifer Geary as she shares her life story, practical advice, and skills you can bring into your own role as a CRO.
The world needs excellent Chief Risk Officers. Managing risk matters. It matters to organisations, who need systematic, appropriate controls that don’t stifle them. It matters to the public, who need to trust their institutions. However, most of all it matters to people: to their lives and livelihoods. When risk management fails, there are almost always consequences faced by the innocent.
Inside The Book
What You'll Find
01
Why building a risk-aware culture is so important, and how to go about it and How organizational strategy and risk appetite are interlinked.
02
Why a CRO should look at strategic risk before everything else and what are the components of a people risk framework.
03
How to manage technology and cybersecurity risk in a cloud environment and what are the ten most common operational risks experienced by organizations, and how to combat them.
- Chapter Outline
- The Role of the Chief Risk Officer
- The Importance of a Risk-Aware Culture
- Risk and Organisational Strategy
- Risk and Execution
- Building Your Risk Framework
- Strategic Risk
- People Risk
- Technology Risk
- Financial Risk
- Operational Risk
- Sustainability Risk
- Creating a Control Strategy
- Governance and Oversight
- Risk Systems and Models
- Your Risk Team
- Achieving the Promise of Great Risk Management
- Seeing the Wood from the Trees
A Practical Guide to CRO
READY TO GO FROM BEING A GOOD CRO TO A GREAT ONE?
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THE WORLD NEEDS EXCELLENT CHIEF RISK OFFICERS.
Managing risk matters. It matters to organisations, who need systematic, appropriate controls that don’t stifle them. It matters to the public, who need to trust their institutions. However, most of all it matters to people: to their lives and livelihoods. When risk management fails, there are almost always consequences faced by the innocent.
The CRO role is complex. It requires a grounding in all of the functions of an organisation, from product management to technology to ESG. Over the past 20 years, since the emergence of operational risk as a standalone discipline, a large volume of often scholarly material has been written on the topic. However, it is hard to find accessible, clear, practical material that an aspiring CRO can immediately put into action.
This book de-mystifies the CRO role and breaks it into its constituent parts the three fundamental pillars of Culture, Strategy and Execution, and six risk areas, comprising strategic, people, technology, financial, operational and sustainability. It advises on how to build out a risk framework, what skills are needed to build the risk team, and how to use risk information systems.
Drawing on current standards and enriched with expert insight and real-life current examples, it condenses a vast range of knowledge and experience into one accessible read.
This book, which can be consumed all at once, or used as a reference, will equip you with the grounding required to be an effective CRO or risk manager. Relevant, practical and authoritative, this is the CRO book that your CEO, Board and team need you to read.
What People are Saying
Praise for CRO
This book is an absolute must-read for anyone who wants to pursue a career in risk. It also provides valuable insights for any executives and Board directors who ask themselves about the value of risk management.
How To Be A Chief Risk Officer is the primer that every new or aspiring Chief Risk Officer needs in order to understand and grow into the many facets of the job.
Tackling an ambitious topic with gusto and rigour, the author has produced a book that will be visited and re-visited by those in the role and those aspiring to be a Chief Risk Officer – it will become a well-thumbed friend as a source of clarity and common sense; its frameworks lend both definition and reference to those seeking understanding, best practice and, in some cases, justification.
The book’s forward-looking approach to the role sets the agenda for the modern CRO and the emerging threats and risks that have accelerated the pace of change, but also the central importance of Risk as a discipline.
Not limited to the CRO, the creation of an effective, working “risk culture” is a critical success factor for all companies – as both Guardian and Champion the CRO is truly a “noble role” - characterised by a ‘data-first’ reflex that will, in large part, define success as working practices and risk management align to make business better, more successful and safer.
In this book, the author captures the most demanding and the most rewarding elements of the CRO's job, and colours in everything in between. Not only a book for current and aspiring CRO's, I would suggest it is one for current and aspiring Chief People Officers to have on their shelf too, for guidance on how to establish and advise high performing risk teams, to ensure they are the best they can be.
For anyone currently in or about to take up the role of CRO, this is a must read. It's packed full of insights and useful tips and it's one you will refer back to again and again.
Very well structured and easy to read, the book covers all aspects and life cycle of the role, mindset, company risk culture and how to face the difference elements of the company governance in a practical and pragmatic approach, with slight focus on financial institutions and technology.
I work with CROs in my role so reading this book provided me with a very helpful benchmark against industry best practices. It’s sets out “what good looks like” and offers up tangible insight into the role based on real-world experience which you just can’t beat.
