CHAPTER 4

SRM at Ten Thousand Feet: Organizational Structure, Processes, and Roles

This chapter takes up the second element of strategic risk management, the set of processes that facilitate the work of SRM teams. SRM represents a dynamic capability for organizations, a function and process that makes other processes better and helps them adapt to changing markets and environments. We outline why SRM sits in the executive suite, and we describe the processes and roles of an effective chief risk officer.

Images

Few images in the financial services industry are more iconic than the stagecoach and galloping horses of Wells Fargo and Company. Over its almost ...

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