chief risk officer

chief risk officer
(cheef RISK awf.uh.sur)
n.
A corporate executive in charge of assessing and planning for potential risks such as hacker attacks and lawsuits. Also: CRO.
Example Citation:
The star executive of the 1980s was the chief financial officer. Technology took over in the 1990s, elevating the chief information officer.
This decade's hot executive is shaping up to be the CRO, the chief risk officer, which students of Intel chairman Andy Grove's book, "Only the Paranoid Survive," may recognize as the chief paranoid officer.
— Del Jones, "Paranoia pays: Managing risk has its rewards," USA Today, May 5, 2000
Earliest Citation:
A study of global capital markets
reports that the world's capital markets are showing signs of stress,
with many senior executives of leading financial services
institutions revealing skepticism toward such highly touted
developments as 24-hour trading and globalization. ...
The following is the breakdown of the 150 senior executives who
participated: chief executive officers (37 percent); chief financial
officers (24 percent); chief trading officers (19 percent); chief
risk officers (10 percent); other senior management (10 percent).
— "Peat Marwick study on global capital markets," PR Newswire, June 23, 1988
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