Key facts
- Banks are leaning on their enterprise risk functions more heavily than a year ago.
- ERM teams have borne added responsibility with a flat to shrinking core headcount.
- New threats like AI and geopolitical risk are being included in risk benchmarking mandates.
Banks are increasingly relying on their enterprise risk management (ERM) functions, but these teams are operating with flat or reduced headcount, according to Risk Benchmarking's latest study. Despite expanding mandates to cover new threats like AI and geopolitical risk, the majority of banks reported no increase in ERM staffing. This trend suggests that while the scope of risk management is broadening, the resources allocated to these critical functions have not kept pace.