Risk: for such a sexy word – and one that serves as the very engine of financial markets – the role of chief risk officer (CRO), on the face of it, doesn’t sound exciting.
However, the position of CRO has changed significantly in the past two decades, and CROs are now playing a fundamental, money-making role at the world’s big banks.
Keeping fines and potentially even criminal investigations at bay might be critical to a bank’s bottom line.
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