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Although some risk managers may aspire to become a chief risk officer, promotions to the still relatively new title are not automatic, according to risk management experts. In fact, whether an organization has such a position at all depends on many factors, including a company’s size, industry and–most of all–its culture.

“It’s the culture of the corporation within an industry, and you start with the individual,” according to Bill Perry, president of Logic Associates, a leading risk management placement service based in New York.

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