Last January I posted
7 Chief Risk Officer Priorities for 2017, based in part on the preceding December’s
RiskMinds Conference in Amsterdam, a conference highlighting the worries and interests of Chief Risk Officers and their risk managers. A lot can happen in a year, so I have repeated the exercise. Some topics have carried over such as model governance. Others
have evolved such as machine learning and blockchain, while some have taken greater precedence than we might have anticipated last year, for example the “risk management of economics”.
Let’s start at the top, with the bosses.
i) “Am I the right sort of CRO ?”
Well, this was a surprise. As one CRO put it with a strong wholesale credit risk and market risk background, “Most CROs come out of Credit Risk, but risks are no longer all credit. Are the right people in charge?” With emerging non-financial risks, such
as cyber, conduct and fraud, there was a feeling that CROs should draw on more diverse backgrounds than is currently the case.
ii) Cybersecurity
Cybersecurity was discussed a lot. I learnt to hack gmail…
