What is a Fractional CRO (Chief Risk Officer)?
A Fractional Chief Risk Officer is an experienced risk management executive who works part-time across multiple organisations, providing enterprise risk management, regulatory compliance, and risk governance leadership.
The Fractional CRO Role
Fractional CROs typically work 1-3 days per week, providing senior risk leadership essential for regulated businesses that cannot justify a full-time CRO at £250-350k.
Key CRO Responsibilities
Enterprise Risk Management: Design and implement ERM frameworks
Regulatory Compliance: Navigate FCA↗, PRA, and Basel requirements
Risk Appetite: Define and calibrate organisational risk tolerance
Board Reporting: Provide credible risk reporting to boards and regulators
Stress Testing: Design and execute regulatory stress test programmes
Who Needs a Fractional CRO?
Fintech companies preparing for FCA authorisation
Growing financial services firms needing risk governance
Companies entering regulated markets
PE-backed businesses requiring robust risk frameworks
