Chief Risk Officer

Also called: CRO

The executive responsible for spotting and limiting everything that could seriously hurt a bank or company.

A day in the life

You review how much the bank could lose if interest rates jump, meet regulators, and tell the trading desk to cut a position that's become too big.

Pay over a career

Starting
$180k
Typical
$300k
High
$600k

Approximate: anchored on Bureau of Labor Statistics data for a broader job group.

Training

Master's degree, about 15 years after high school. Bachelor's plus long risk experience; often a master's, FRM or PRM.

Ways in: 4-year college, Graduate school, Certification. Training cost: $60k – $150k.

Majors to look at: Finance, Mathematics, Economics.

Outlook

Growing much faster than average (about 10% over 10 years). Tracks financial managers.

Will it last? Our AI estimate

Low risk for 10 years. AI dashboards spot risks faster, but standing up to the CEO and board on what risks to take stays an accountable human role.

Start now, in high school

Classes: AP Statistics, AP Macroeconomics, Speech and Debate.

Official data: O*NET occupation 11-3031.

More Actuarial Science & Risk Management careers

Career Universe is an early version. Pay, training and AI-risk figures are estimates to start your own research, not verified facts. The research was written with AI research assistants, checked by validation scripts and spot-checked by hand. Check anything important with schools, employers and official sources. How the numbers work.