By Joseph Neu
Deep within the fires of enterprise risk management frameworks and related corporate governance mandates, a new title is being forged: that of the Chief Financial Risk Officer (CFRO). Before this, according to “tradition,” a senior treasurer that took on more strategic activities—or had non-core treasury areas reporting into him—could jump up to a VP, Finance (or SVP) title, acting formally or informally as a deputy CFO, while waiting for the call to become CFO somewhere. But now there is a new path for treasurers to follow, one with this new title.