“Operational” at a bank includes financial risks.
Re:FDIC Takes over Silicon Valley Bank
by james_barton on Saturday March 11, 2023 @05:10PM
(#35113308)
I know of at least one large European bank where it explicitly doesn't.
"A risk officer typically anticipates and manages regulatory, operational, competitive or other risks faced by a firm."
That looks like _non-financial_ risks. If that was the role of the CRO at SVB, the risk for this event probably should have been with the CFO?