The reporting structure for Chief Risk Officers (CROs) is a critical aspect of effective risk management within organizations. Recent studies reveal diverse reporting lines, with many CROs reporting to the CEO or the Audit and Risk Committee (ARC). This blog explores the nuances of these structures, emphasizing the importance of aligning risk management with organizational goals and ensuring that CROs have the authority and support needed to drive effective risk strategies. Understanding these dynamics can enhance the role of risk management in fostering organizational resilience and success.

In an engaging interview, Susan Daniel, a seasoned Chief Risk Officer, shares her experience from the UK and GCC regions, offering practical strategies to integrate risk management into decision-making. From aligning teams to navigating internal politics, she emphasizes automation, balancing quantitative and qualitative analysis, and building trust with leadership. Susan's advice for new CROs centers on patience, continuous learning, and political savvy—key traits for embedding risk practices effectively across organizations.