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Embracing the CRO’s new mandate
Charged with helping organizations navigate evolving risks and uncertainty, chief risk officers (CROs) and other risk management executives identify, assess and mitigate threats to the business while helping it balance risks in pursuit of new opportunities. As a result, today's CROs need to be agile, strategic and collaborative. They must balance a growing focus on responsible value creation alongside stronger value protection. How? By bringing strategic business insights to help unlock the potential of transformation initiatives with a human-led, tech-enabled approach to risk management.
In the spotlight
Policy shifts complicate risk outlook, planning
Risk executives are no strangers to uncertainty, but they’re now in uncharted waters. Nearly 90% say new risks, regulations and talent challenges are barriers to their goals, finds PwC’s October 2024 Pulse Survey. The new administration's agenda has added more uncertainty, with a surge of new executive orders and tariffs, the pausing or reversal of Biden-era rules, potential immigration restrictions and other policy changes.
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90% of risk leaders say managing new risks is an obstacle to achieving their priorities
Source: PwC Pulse Survey, October 2024
What to focus on in 2025
Strategy & growth
Align on need for risk-informed strategy
To help the business balance risk effectively, CROs are reaching across the three lines of defense to harmonize and reinforce their messaging to the board, CEO and senior leaders. The most influential risk leaders also participate in early strategic and transformation decisions, when risk insights can mean the difference between success and failure. By aligning on risk factors and using technology and data insights to inform key decisions, you can empower your organization to make bold moves with confidence.
Begin by coordinating with other risk leaders across the three lines on risk standards, terminology and messaging. Define a vision for risk management that supports your organization’s goals. Sharpen communication and other soft skills to collaborate more effectively and demonstrate the business value of risk-informed decision-making.
Additional ways to align on risk-informed strategy
Strategy and growth
Risk leaders, clear-eyed about perils and priorities, face obstacles
With business transformation introducing new risks, find out how executives are vying to bring risk perspectives to the planning and design phases.
Strategy and growth
Risk professionals’ influence is growing — but unevenly
Risk professionals need to grow their C-suite influence — start with engaging early in major initiatives.
Digital oversight and cybersecurity
Data risk is everywhere: 5 steps to manage it
Data risk is everywhere — are you prepared? Learn five key steps to stay ahead and help safeguard your organization.
Regulation and compliance
Risk and compliance reimagined: Unlock hidden savings and performance
Learn how organizations can cut costs and improve quality by reimagining risk management and compliance programs.
89% of risk executives are prioritizing expanding their function’s influence across the entire C-suite
Source: PwC Pulse Survey, June 2024
Explore executive insights
Identify the key focus areas of your colleagues.
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