While the crises roiling the economy and financial markets may be taking most organizations into uncharted territory, risk managers eager for advancement know exactly where they want to go–up to the vaunted “C-Suite.” But to make the leap and become a chief risk officer, they must pave the way by boosting their know-how and capabilities while alerting senior management they're ready to handle wider responsibilities, top players suggest.
Those aspiring to the position of chief risk officer have several avenues to make the climb up the corporate ladder–including creating a role from within their current organization, or seeking employment elsewhere as a full-fledged CRO.
But whatever entry plan they pursue, top risk managers agree that candidates need to step out of the narrow role of insurance buyer and gain a broader profile. They also need deep knowledge of, and experience within their respective industries.
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