The Chief Risk Officer of Bmo, Cro, reports directly to the Ceo and holds the position of head of Enterprise Risk and Portfolio Management and chair of the Risk Management Committee Rmc. The Cro's responsibilities include independent review and supervision of enterprise-wide risks, as well as the development and maintenance of a risk culture across the company. Erpm provides risk management oversight, promoting a systematic approach to risk-taking for independent transaction approval and portfolio management, as well as risk reporting, policy formulation, reporting, stress testing, modelling, and education.