CFOs also play a crucial role in risk management, and are usually tasked with identifying, assessing, and mitigating financial risks that could impact the organisation. This includes credit risk, market risk, operational risk, and liquidity risk. A robust risk management framework, overseen by the CFO, ensures that the company can weather financial storms and maintain stability. In the highly regulated financial sector, the expertise of the CFO’s in risk management is essential for safeguarding the organisation’s assets and reputation.