Top 10 Chief Risk Officers - 2021

A Chief Risk Officer (CRO) is responsible for risk identification and mitigation activities of an organization. It is their duty to ensure that the organizations are in compliance with regulatory rules and are fulfilling their obligations on reporting accurately to government agencies. They bring a strong value proposition to the business that helps in creating better assets, better deals and better decision making. Threats dealt by a CRO in an organization can be categorized in to regulatory, competitive, and technical.  At times, CRO needs to modify business policies and procedures in order to address vulnerabilities. They have to ensure the security on the behalf of the company during business deals, mergers and acquisitions. With the business turning-out more intricate due to technological evolution, the role of CRO is now far more complicated with concerns about data protection and eradicating system vulnerabilities. With the increasing number of hackers and data breaches posing high risk to organizations, the recruitment to CRO positions in various organizations have increased by 11 percent.

increased by 11 percent.  In addition to Bachelor's degree in accounting, business administration or economics, a CRO should have ample experience, analytical skills, problem solving skills, strong time management skills, leadership, good communication, presentation skills, and good organization skills. Hard skills like risk mapping, statistical software, database management, negotiation, and technology skills are inevitable for handling the position.

In this issue, the CEO Insights magazine introduces a list of 'Top 10 Chief Risk Officers - 2021' who has helped in the transformation and growth of business sector of the country. The list has been crafted by a team of industry veterans, CEOs, VCs and the CEO Insights editorial team, thus delivering inspiring stories of their journey and the contributions & roles played by them in the creation and empowerment of a powerful nation.