A recent survey reveals Chief Risk Officers (CROs) are facing five pressures —
de-risking, growth and strategy, regulatory compliance, effectiveness & efficiency and cost-takeout —
that require the acceleration in the transformation of the risk function to adapt to change. According to the new 2023 KPMG Chief Risk Officer survey, CROs report the greatest challenges in risk management also rank within the top areas they feel least prepared to address.
To complete the report, from July to September 2023, KPMG LLP and Forbes Insights conducted an online survey of 390 enterprise risk officers representing U.S. organizations across six industry sectors with at least $4 billion in annual sales or $25 billion in assets under management.