{"id":1847,"date":"2020-11-02T12:21:26","date_gmt":"2020-11-02T11:21:26","guid":{"rendered":"https:\/\/www.theofficialboard.com\/best-articles\/?p=1847"},"modified":"2020-11-02T12:21:26","modified_gmt":"2020-11-02T11:21:26","slug":"7-key-actions-for-the-data-driven-chief-risk-officer","status":"publish","type":"post","link":"https:\/\/www.theofficialboard.com\/best-articles\/2020-10\/7-key-actions-for-the-data-driven-chief-risk-officer\/","title":{"rendered":"7 Key Actions for the Data-Driven Chief Risk Officer"},"content":{"rendered":"\n

Viewed in Russell Reynolds Associates<\/em><\/a><\/p>\n\n\n\n

Management consulting firm Russell Reynolds Associates has communicated with senior leaders in risk and data and come away with seven actions for chief risk officers, which they detail in this report.<\/p>\n\n\n\n

Digitally fluent<\/h5>\n\n\n\n

Perhaps most important in this current era of data, they conclude, is that chief risk officers \u201cneed to be sufficiently \u2018digitally fluent\u2019 to understand the options available to them and provide the necessary insights and advice to their organizations.\u201d<\/p>\n\n\n\n

Nothing for granted<\/h5>\n\n\n\n

Many of their seven suggested actions for chief risk officers fall into the category of taking nothing for granted, and much of this proves increasingly vital due to the complexities and challenges associated with a great and ever growing amount of data available to today\u2019s companies.<\/p>\n\n\n\n

Back-to-basics approach<\/h5>\n\n\n\n

Among the seven key actions they recommend for chief risk officers is grasping the most basic data challenges since they often prove essential to the development of tackling more complex issues. <\/p>\n\n\n\n

Constant reviews<\/h5>\n\n\n\n

\u201cData capability and risk data strategy need to be constantly reviewed, taking a back-to-basics approach rather than getting caught up solely in sophisticated or exciting new modeling techniques,\u201d they conclude.<\/p>\n","protected":false},"excerpt":{"rendered":"

Viewed in Russell Reynolds Associates Management consulting firm Russell Reynolds Associates has communicated with senior leaders in risk and data and come away with seven actions for chief risk officers, which they detail in this report. Digitally fluent Perhaps most important in this current era of data, they conclude, is that chief risk officers \u201cneed… More<\/a><\/p>\nRead more...<\/a>","protected":false},"author":1,"featured_media":1562,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[267],"tags":[131,268,269,270],"class_list":["post-1847","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-2020-10","tag-data","tag-risk","tag-risk-officer","tag-russell-reynolds"],"yoast_head":"\n7 Key Actions for the Data-Driven Chief Risk Officer - The Official Board\u2019s Reads<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.theofficialboard.com\/best-articles\/2020-10\/7-key-actions-for-the-data-driven-chief-risk-officer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"7 Key Actions for the Data-Driven Chief Risk Officer - The Official Board\u2019s Reads\" \/>\n<meta property=\"og:description\" content=\"Viewed in Russell Reynolds Associates Management consulting firm Russell Reynolds Associates has communicated with senior leaders in risk and data and come away with seven actions for chief risk officers, which they detail in this report. 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