Risk

What is a Credit Risk Manager? Credit Risk refers to the probability of loss due to a borrower’s failure to make payments on any type of debt. Credit Risk Management is the practice of mitigating losses by understanding the adequacy of a bank’s capital and loan loss reserves at any given time – a process…

What is an Operational Risk Manager? Operational Risk Management (ORM) is defined as a continual process which includes risk assessment, risk decision making, and implementation of risk controls, which results in acceptance, mitigation, or avoidance of risk. Operational Risk Management is the oversight of operational risk, including the risk of loss resulting from inadequate or…

What is a Head of Risk? The Head of Risk is typically concerned with issues such as insurance and financial auditing, internal auditing, global business variables, fraud prevention and other internal corporate investigations. They’re also responsible for implementing operational risk management and mitigation processes to avoid losses stemming from inadequate or failed procedures, systems or…

What is a Chief Risk Officer? The Chief Risk Office (CRO) is typically concerned with issues such as insurance and financial auditing, internal auditing, global business variables, fraud prevention and other internal corporate investigations. They’re also responsible for implementing operational risk management and mitigation processes to avoid losses stemming from inadequate or failed procedures, systems…