When a telco that is also a bank appoints a CRO for its banking activities this begs a question about why it does not have a CRO for the rest of its business.
Businesses should learn a valuable lesson taught by organized crime and repeated in Mario Puzo’s most famous novel.
Small operational victories can be used to demonstrate the value of risk management, but there is still a need to confidently argue that risk management is in the business’ interest.
PwC’s report shows how little ambition telcos have, compared to the integrated way that other big businesses manage risk.
The RAG Summer Conference convinced me that telco RAFM professionals should aspire to become CROs.
Commenting on the promotion of AbdulGhaffar Setareh to the new position of CRO, Zain Group CEO Scott Gegenheimer said risk management is “a top priority”.