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What is the role of a Chief Risk Officer (CRO)?

James Lam (Independent Director & Risk Committee Chair, E*TRADE)


James Lam explains what he sees as the responsibilities of the Chief Risk Officer. He goes over some of the skills that CROs should have including the ability to push back at management if he or she feels that the organization is taking on excessive risks or not dealing with compliance issues. Lam discusses some of the major tasks of the CRO including working with the board, hiring the right people, and providing the right organizational leadership in corporate risk. He also talks about his experience as the first CRO.

James Lam

Independent Director & Risk Committee Chair, E*TRADE James Lam is a professional with extensive experience as Chief Risk Officer, management consultant, and private and public board member. Widely recognized as an early advocate of enterprise risk management, and noted as the first-ever “Chief Risk Officer”. James is also a frequent keynote speaker for board-level and executive-level conferences.

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About the Author

james

James Lam

Independent Director & Risk Committee Chair, E*TRADE

James Lam is a professional with extensive experience as Chief Risk Officer, management consultant, and private and public board member. Widely recognized as an early advocate of enterprise risk management, and noted as the first-ever “Chief Risk Officer”. James is also a frequent keynote speaker for board-level and executive-level conferences.

Interview By

Vaishali Jain

Vaishali Jain

Sarder TV Anchor & Former Bloomberg TV Journalist

Vaishali has been working in the media industry & Journalism for more than 14 years. She had her own CEO talk show on Bloomberg TV India called Biz Lounge, a show that she anchored and produced. Biz Lounge explored the business aspects of each company, as well as the company's leadership, corporate culture, as well as each leader's personal side including how he/she spent their free time.

Prior to that, she worked as a Management Consultant in the finance industry in New York City. She has a Bachelor’s degree in Management with a concentration in Finance and her Master’s degree in Organizational Psychology.

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