2023 Chief Risk Officer Survey
The KPMG 2023 CRO Survey draws on perspectives from 390 Chief Risk Officers (CROs) representing the largest companies across six industries. They provided insights into:
01
Challenges and pressures
02
Modernizing their risk function
03
Managing rapid change
04
Current and future investment
05
AI evolution and impact
06
Controlling costs and adding strategic value
Learn what CROs are thinking.
Gain next-step knowledge from KPMG action plans.
Download the KPMG 2023 CRO Survey.
KPMG recognized as a leader in risk consulting
KPMG is proud to again rank No. 1 across multiple risk advisory categories in the Source study: Perceptions of Risk Firms 2023. These categories include First Choice in Financial Risk; First Choice in Third Party Assurance; and 1st for Client Advocacy in Risk.
2023 KPMG Chief Risk Officer Survey
Important insights
Biggest challenges for organizations within the next 2-5 years
Most effective strategies for aligning risk objectives with business goals
Budget allocation for risk management efforts
Stakeholders driving the most pressure on risk management
Areas of risk management considered for outsourcing to enhance risk mitigation strategies
1/3 of respondents considered outsourcing cybersecurity and strategic and financial risks to enhance the efficiency and effectiveness of their risk mitigation strategies.
33%
Strategic risk management and planning
33%
Cybersecurity and threat protection services
33%
Financial risk analysis, including market, liquidity, and credit risks
32%
Technology-driven risk management, such as AI and ML implementation and oversight
31%
Compliance monitoring and regulatory reporting
31%
Training and capacity building efforts for risk management personnel
30%
Operational risk assessments and process improvement
Learn what CROs are thinking.
Gain next-step knowledge from KPMG action plans.
Download the KPMG 2023 CRO Survey.
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