In this latest issue of McKinsey on Risk & Resilience, companies are dedicating the resources needed to move the risk management function from compliance to excellence.

Change is happening faster than ever, creating unprecedented challenges for organizations and their risk functions. Today, leaders are unable to rely on previous experience and analysis to manage and mitigate future outcomes. Crises that took weeks or months to develop, now may happen in days or hours. No one feels these changes more than the chief risk officer (CRO), a role that was previously limited to risk, yet now is about building long-term resilience.

Together, our research and insights underscore the need to build maturity and excellence across the risk function, which in turn, helps to drive long-term resilience across an entire organization from top to bottom.

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