Gartner Research

Meeting the Information Needs of the Chief Risk Officer in 2023

Published: 12 November 2012

ID: G00238831

Analyst(s): Paul Proctor , Rob McMillan

Summary

By 2023, the CRO role will be an executive position with an operational reporting connection to the board, separate from internal audit. Operational risk will be equally important to credit and market risks, requiring new skills and driving the information needs of the role.

Table Of Contents
  • Key Challenges

Introduction

Analysis

  • CROs Should Develop a Tightly Clustered, Highly Skilled and Integrated Team
  • CROs Should Identify Existing Talent and Develop That Talent for the 2023 CRO Role No Later Than 2013
  • CROs Should Identify Key Decision Makers and Rising Executives to Change the Risk Awareness of the Executive Team
  • CROs Should Evolve the Application of Controls to Better Balance Organization Needs
  • CROs Should Start Building the Tools They Need for 2023 Now
  • CROs Should Study the Evolution of Cyberinsurance, but They Should Not Buy It Until 2017

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