Knowledge Center: Publication
In Search of a New Breed of CRO8/31/2012 Paul Gibson
The price for ‘peace of mind’ has gone up and nowhere is that more evident than the compensation levels for Chief Risk Officers. If you are a large or medium-size regional bank looking to hire a new chief risk officer, you should expect to pay up to $1 million in annual compensation and potentially more depending on the size of the institution or the skills and experience needed. Demand for this talent has risen but there is a premium to pay and compensation has in many cases doubled compared to a few years ago.