WASHINGTON —A credit union's chief risk officer must have a complete understanding of all risks within the organization, and have a strong voice that won't be overrun by enthusiasm for lines of business, speaker Bill Nayda told CU Enterprise Risk Management conference attendees at the Washington Capital Hilton on Monday.
Nayda is principal of the Glen Allen, Va.-based Second Pillar Consulting, a risk management firm.
He said that often, a CEO must step up to the plate and take responsibility for risk management, Nayda said. While it may seem that the CFO or internal auditor is the best choice, enterprise risk management encompasses the entire organization.
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