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 is accountable for independently reviewing and approving risks and establishing a risk culture across the company. Additionally, Erpm provides risk management oversight, ensuring that independent transaction approval and portfolio management, as well as policy formulation, risk reporting, stress testing, modelling, and risk education, and is responsible for conducting climate change scenario analysis to identify potential risks in Bmo's lending portfolio.