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Event Q&A
Risk Needs a Seat at the Table - Not a Chair in the Backroom
Oliver Jakob, Chief Risk Officer at Talcott Financial Group, calls for a more nuanced, strategic role for risk in board-level decision-making. As regulatory expectations shift and non-financial threats rise, Jakob argues that boards need fewer dashboards and more context, fewer statistics and more judgment.
Aug 15, 2025
Oliver Jakob
Oliver Jakob, Chief Risk Officer, Talcott Financial Group
Risk Needs a Seat at the Table - Not a Chair in the Backroom
The views and opinions expressed in this content are those of the thought leader as an individual and are not attributed to CeFPro or any other organization
  • Risk must evolve from compliance function to strategic partner
  • Jakob advocates pre-meeting one-on-ones with board members for better engagement
  • Succinct risk reporting is vital to avoid overwhelming board members
  • Content of risk reports must reflect changing risk environment, especially non-financial threats
  • Risk professionals should avoid “CYA reporting” and focus on relevance
  • Escalation paths must link board oversight to business realities
  • Boards need a mix of skills and perspectives to avoid groupthink
  • Networking and external learning are crucial for CRO effectiveness
  • AI tools are promising but must be used with caution and data safeguards
  • Contextual risk framing is more valuable than data-dense dashboards
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