What are the responsibilities of the CRO?
Each correct answer represents a complete solution. Choose three.

A.
Managing the risk assessment process

B.
Implement corrective actions

C.
Advising Board of Directors

D.
Managing the supporting risk management function

Explanation:

Chief Risk Officer is the executive-level manager in an organization. They provide corporate,
guidance, governance, and oversight over the enterprise’s risk management activities. The main
priority for the CRO is to ensure that the organization is in full compliance with applicable
regulations. They may also deal with areas regarding insurance, internal auditing, corporate

investigations, fraud, and information security.
CRO’s responsibilities include:
Managing the risk assessment process
Implementation of corrective actions
Communicate risk management issues
Supporting the risk management functions