Risk has evolved and grown along with the complexity of institutions. CROs no longer just manage the risk, but they encompass both financial and non-financial risks, including operational, cyber, climate, conduct, compliance, regulatory, reputational, and various other risks. They are now central to strategic planning and decision-making, leveraging their ability to foresee potential risks and their interrelations across the enterprise.
With risk management now integrated into strategic decision-making at the highest levels, CROs are pivotal in fostering a risk-aware culture and driving prudent decisions. The function's alignment with business strategy is essential as companies adopt Advanced technologies like Artificial Intelligence (AI) and Machine Learning (ML), Leverage the cloud in risk infrastructure to enhance cost efficiency and flexibility and deploy advanced analytics for comprehensive scenario planning, and predictive modelling.
In modern landscape, CROs will require a diverse skill set spanning emerging digital risks and IT concepts, adeptness with geopolitical trends for integrating Environmental, Social, and Governance (ESG) factors, and a deep comprehension of advanced risk management strategies. They must also focus on expanding data scope to establish centralized risk data sources essential for developing precise, data-driven risk models.
At this Summit, you will discover strategies for enhancing digital and data fluency, cultivating a robust risk culture, and integrating advanced technologies.The 7th CRO Leadership Summit & Awards serves as a valuable platform to align risk strategies with technological advancements and foster leadership capabilities that are poised for the future of risk management.
