CRO Roundtable: Exploring the key issues faced by CROs in today’s landscape

View CRO Roundtable: Exploring the key issues faced by CROs in today's landscape

This Panel Discussion was held at Risk Magazine's annual Risk USA conference in New York City, October 26-29, 2009

It was moderated by Hank Prybylski, Global Financial Services Risk Management Leader, Ernst & Young.

Participating Panelists:

• Charles Mires, former CRO, Allstate
• Nancy Foster, CRO, CIT Group
• Tim Wilson, CRO, Caxton
• Sanjai Sharma, CRO, RBC Capital Markets
• Martha Cummings, CRO, Santander

 

Questions:

1. Introductions

2. What are the two most significant changes in the scope of your responsibility as a CRO?

3. How has the partnership changed between the risk management department and the risk-taking activities?

4. What risk practices best prepared you for the financial crisis, and what experience did you leverage?

5. What keeps you, as a CRO, up at night?

6.How do you effectively communicate with the board and create transparency around issues such as risk appetite?

7. What practical steps can you take to help the firm think about risk in an enterprise-wide way? 

8.  How can CROs ensure that pay truly reflects risks, both qualitatively and quantitatively?

9. How do you handle the internal risk markets that can be created through risk and capital allocation?

10. If your staff could only provide a one-page report every day, what would you like to see on that one page?

11. Are we as risk managers the victims of group-think? Should we listen more to those outside the risk discipline?

 

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