Question

Dual hatting” in context of CRO means:

A Holding multiple risk roles Correct Answer Incorrect Answer
B CRO acting as consultant and auditor Correct Answer Incorrect Answer
C CRO holding additional key executive roles like CEO/CFO/COO Correct Answer Incorrect Answer
D CRO handling multiple banks Correct Answer Incorrect Answer
E CRO reporting to multiple committees Correct Answer Incorrect Answer

Solution

CRO cannot hold roles like Chief Executive Officer (CEO), Chief Operating Officer (COO), Chief Financial Officer (CFO), or internal audit head. This ensures the independence of the CRO, meaning they cannot hold business-facing responsibilities.

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