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 involve independent review of enterprise-wide risks and leadership on risk issues, as well as the development and maintenance of a risk culture across the company. Erpm provides risk management oversight, promoting a disciplined approach to risk-taking for independent transaction approval and portfolio management, as well as risk reporting, policy formulation, reporting, stress testing, modelling and education.