The decision around whether to appoint a Chief Risk Officer (CRO) is driven by factors such as the company’s industry, business model, structure, culture and risks, as well as the extent of fragmented silo activity. There are many points to deliberate when conducting a search for the right person to serve as CRO.

Once management has committed to establishing the role, the question becomes, “What qualifications should the company consider when evaluating CRO candidates?” In this issue of Board Perspectives: Risk Oversight, we argue what qualifications a company should look for when evaluating CRO candidates.