What does a fractional risk officer cost?

Day rates typically range from 900-1400 GBP depending on industry and complexity.

How do I evaluate risk officer candidates?

Assess ERM framework experience, regulatory compliance track record, and risk quantification skills.

What qualifications matter most?

FRM or similar certifications, regulated industry experience, and board-level reporting examples.

How long are typical engagements?

Risk engagements typically run 6-12 months for framework establishment.

What does a fractional risk officer cost?

Day rates typically range from 900-1400 GBP depending on industry and complexity.

How do I evaluate risk officer candidates?

Assess ERM framework experience, regulatory compliance track record, and risk quantification skills.

What qualifications matter most?

FRM or similar certifications, regulated industry experience, and board-level reporting examples.

How long are typical engagements?

Risk engagements typically run 6-12 months for framework establishment.

Hiring

Hire a Fractional Chief Risk Officer

Complete guide to hiring fractional risk leadership

£800-2,000

Day Rate

2-6 weeks

Time to Hire

50-70%

Cost Savings

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Key Takeaways

1Fractional CROs work 1-3 days per week, providing senior expertise without full-time costs
2UK day rates range from £800 to £1500, depending on experience and sector
3Typical engagements save 50-70% compared to full-time executive hires
4Ideal for startups, scale-ups, and SMEs needing strategic leadership
5No employment overhead: no pension, NI, benefits, or notice periods

Latest Fractional Jobs

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When to Hire a Fractional CRO (Risk)

Quick Definition

Consider a fractional Chief Risk Officer when establishing enterprise risk frameworks, preparing for regulatory audits, or managing complex risk portfolios. Ideal for growing companies needing risk expertise without full-time cost.

What to Look For

Evaluate candidates on enterprise risk management frameworks, regulatory compliance experience, risk quantification methods, and board-level reporting skills. Look for industry-specific risk expertise and audit success.

Evaluation Criteria

Criteria	What to Assess	Red Flags
ERM Expertise	Framework design and implementation	Only operational risk focus
Regulatory Knowledge	Compliance track record and audit success	No regulated industry experience
Quantification	Risk modeling and measurement methods	Only qualitative assessment
Board Communication	Executive reporting and risk appetite	Unable to simplify complexity

Interview Questions

Ask about their ERM framework approach, how they quantify risk appetite, regulatory audit experience, and their method for communicating risk to non-technical boards.

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Cost Comparison

Fractional vs Full-Time Executive

Full-Time Executive£286k/year

Salary + Benefits + Overhead

Fractional Executive£106k/year

1-2 days/week average

Your Potential Savings

£180k+

63%

saved

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Time Allocation

How fractional executives spend their time

Strategy30%

Operations25%

Leadership20%

Governance15%

Technology10%

Hire a Fractional CRO (Chief Risk Officer)

Hiring a fractional Chief Risk Officer provides your organisation with senior risk management expertise, regulatory compliance leadership, and enterprise risk frameworks at a fraction of permanent hire costs.

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Why Hire a Fractional CRO?

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Regulatory expertise: Navigate FCA↗, PRA, and Basel requirements confidently

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Risk frameworks: Implement enterprise risk management (ERM) best practices

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Board confidence: Provide credible risk reporting to boards and regulators

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Cost efficiency: Senior risk leadership at 40-60% of full-time cost

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What a Fractional CRO Delivers

Deliverable	Timeline
Risk assessment & framework design	Weeks 1-4
Risk appetite & policy development	Weeks 4-8
Controls implementation & testing	Weeks 8-16
Ongoing monitoring & board reporting	Ongoing

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Typical Engagement Models

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Strategic: 1-2 days/week for risk governance and oversight

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Regulatory: 3-4 days/week for regulatory submissions and remediation

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Transformation: 2-3 days/week for ERM programme implementation

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→

Fractional CRO Jobs UK

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CRO Salary Guide

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Fractional CFO Jobs UK

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UK Fractional Jobs

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Fractional Recruitment Agency

UK Fractional Executive Day Rates

Compare day rates across C-suite roles

CFO£800 - £1500/day

£1100

CTO£900 - £1600/day

£1200

CMO£750 - £1400/day

£1000

COO£800 - £1400/day

£1050

CDO£900 - £1450/day

£1150

CISO£900 - £1550/day

£1200

Rate Range

Average

Source: UK Market Data 2025

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Fractional vs Interim vs Full-Time

Choose the right engagement model

Aspect	Fractional	Interim	Full-Time
Time Commitment	1-3 days/week	4-5 days/week	5 days/week
Duration	Ongoing/flexible	3-12 months	Permanent
Annual Cost	£50-150k	£150-300k	£200-400k+
Best For	SMEs, startups, scale-ups	Crisis, transitions	Large enterprises
Flexibility	★★★ High	★★☆ Medium	★☆☆ Low

Costs are indicative UK market rates. Actual costs vary by role, experience, and sector.

Calculate Your Day Rate

Fractional CMO Earnings

Calculate Your Potential Income

Your Day Rate

£900

£600Avg: £900£1500

Days Per Client/Week

2.5 days

1 day5 days

Number of Clients

2 clients

Weekly

£4,500

Monthly

£19,485

Annual

£216,000

Based on 2.5 days/week x 2 clients x 48 working weeks. CMO UK average day rate: £900.

BetaThis calculator provides rough estimates for illustration only. Actual rates and salaries vary based on location, experience, industry, and market conditions.

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