We conducted research and analysis on the backgrounds of chief risk officers from the top 50 large bank holding companies (hcs) to identify talent, profile, diversity, and career path.
There has been an impressive evolution of the compliance function in the financial services industry over the last 15 years, considering it was barely a standalone function for many companies and largely tucked neatly under the legal department since inception.
In October 2016, the International Organization for Standardization (ISO) established the first and only internationally recognized and certifiable Anti-bribery Management Systems Standard, ISO 37001, designed to assist global organizations in their fight against bribery and corruption.
Heightened regulatory requirements and standards for risk management and governance have forced major financial institutions to re-evaluate the operating effectiveness of their risk frameworks, leading a large majority of banks to enhance their controls and bring accountability back to the first line.
Still in the early days of its evolution, the role of the Chief Data Officer (CDO) in financial services is evolving from a strategic second-line function to one where success will soon be measured by the executive’s ability to push the data agenda forward, driving new business insight and innovation.
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