Introduction to Mortgage Origination Examinations Training

Internal Use Only

6. Risk Management Function CRO Responsibilities

• Oversee risk management • Support Board with RAS • Key decision-making

55

Internal Use Only

6. Risk Management Function CRO should: • Stature, authority & skills

• Independence • Board reporting • Access to Board • Board or risk committee:

• Appointment, dismissal or changes • Performance, compensation & budget

56