Clicky

 

 
International Association of Risk and Compliance Professionals (IARCP)
Member Benefits                                                                   
How to Become a Member                                                  
Certified Risk and Compliance Training                   
Reading Room
Certified Risk and Compliance Management Professional
Certified Information Systems Risk and Compliance Professional
About Risk                                                                                 ► The Role of the Risk Officer                                               
   ► Credit Risk                                                                                 Risk Officers and Jobs                                               
Market Risk                                                                                Risk Books  
   ► Reputational Risk                                                                       ► Risk Management Websites          
Operational Risk                                                                        Contact Us 
 
 
The Role of the Risk Officer
 
Which is the role of the Risk officer? There is no common job description for the risk officer ... and where there is one, it is far from uniform. But there is something that you need to know: The role of the risk officer becomes more important year after year.
 
All companies try to understand risks and spend an amazing sum of money to manage risks. Risk officers play an important role in implementing enterprise risk management.
 
Risk officert have the obligation to explain risks and countermeasures to senior management and the board of directors.
 
Case Study: Lloyd's
Banks see value in risk officer role
Lloyd's is the world's leading insurance market providing specialist insurance services to businesses in over 200 countries and territories.
www.lloyds.com
 
"The post-Enron era brought heightened focus on the role and responsibility of corporate boards and their members. This year the sub-prime crisis in the US has only served to emphasise that, and the beneficiaries have been risk officers.

Last year Lloyd’s released
"Taking risk on board – how global business leaders view risk", a report that explored the extent to which risk is now a board-level responsibility, what boards see as their risk-related priorities, and what they do and don't do to implement effective risk management strategies throughout their organisations.

It has not gone unnoticed by boards of directors as JPMorgan Chase recently became the latest in a long line of banks to appoint a
Chief Risk Officer (CRO).
 
Barry Zubrow was hired to oversee all risk management for the company – working closely with senior risk managers and business heads around the firm, and advising the senior leadership team on risk strategy and policy.

Zubrow joins JPMorgan Chase from the private investment management firm ITB and has also been serving as a senior advisor to New Jersey Governor Jon Corzine on a broad range of fiscal and policy matters.

JP Morgan Chief Executive Jamie Dimon said the appointment was made because the Chief Risk Officer function was “a critical role for our company”.

Last month, Citigroup named company veteran Jorge Bermudez as its CRO and formed a
new risk management advisory committee. The shake-up came in the same week that the bank said it would likely write down the value of subprime mortgages and related assets by as much as $11bn in the fourth quarter.

Merrill Lynch, which announced write downs of $8.4bn in October, named Ed Moriarty to the new role of CRO in September. At the same time Lehman Brothers named Chief Financial Officer, Chris O’Meara, as its
global head of risk management, beginning this month.

Also GMAC Financial Services has named Samuel Ramsey as CRO, barely a month after the finance company posted a $1.6bn third-quarter loss because of problems in its mortgage unit."

Free E-book: 100 Job Descriptions in Risk and Compliance Management

Download the e-book (no registration needed) and discover what organizations need in risk and compliance management. The e-book covers many job descriptions for risk officers.

  Bookmark and Share

| More

Join the International Association of Risk and Compliance Professionals (IARCP). Membership is Free
www.risk-compliance-association.com/How_to_become_member.htm

Benefits for Members:
www.risk-compliance-association.com/Member_Benefits.htm

Reading Room
www.risk-compliance-association.com/Reading_Room.htm

Certified Risk and Compliance Management Professional (CRCMP)
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm

Certified Information Systems Risk and Compliance Professional (CISRCP)
www.risk-compliance-association.com/CISRCP_Distance_Learning_and_Certification.htm

Privacy and Compliance with the Federal Trade Commission Fair, the California Online Privacy Protection Act, the Children Online Privacy Protection Act, the Privacy Alliance, the Controlling the Assault of Non-Solicited Pornography and Marketing Act
www.risk-compliance-association.com/Privacy.htm

Become a member of the International Association of Risk and Compliance Professionals (IARCP). Membership is Free. You will receive a monthly newsletter with risk and compliance management news, alerts and opportunities. You can register below:

Become a member and receive monthly updates, news, alerts and opportunities
For Email Marketing you can trust
 
Distance Learning and Online Certification programs from the International Association of Risk and Compliance Professionals (IARCP)
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm
 
The Cost: US$ 297

What is included in this price:

A. The official presentations we use in our instructor-led classes
 
B. Up to 3 Online Exams
 
C. Personalized Membership Certificate printed in full colour.
Processing, printing, packing and posting to your office or home

  

 
Certified Risk and Compliance Management Professional (CRCMP) -
Distance Learning and Online Certification Program
 
Certified Information Systems Risk and Compliance Professional (CISRCP) -
Distance Learning and Online Certification Program
 
To learn more:
www.risk-compliance-association.com/Distance_Learning_and_Certification.htm