What is the role of a risk champion in an organization?

To perform financial audits

To advocate for risk management practices and facilitate assessments

A risk champion plays a critical role in an organization by advocating for risk management practices and facilitating assessments throughout the organization. This individual helps to create awareness about the importance of identifying, assessing, and mitigating risks, ensuring that risk management is integrated into the organizational culture and decision-making processes.

The risk champion acts as a liaison between different departments, helping to foster communication and collaboration regarding risk-related issues. This role involves training and supporting employees in understanding risk management processes, which ultimately leads to a more resilient organization. By championing risk management, they help to identify potential threats and opportunities, allowing the organization to make more informed strategic decisions.

In contrast, other options such as performing financial audits, managing IT infrastructure, or overseeing marketing strategies are specific functional roles that do not encompass the broader advocacy and facilitation responsibilities tied to risk management. Thus, the essence of a risk champion is to embed risk awareness and activities across various levels of the organization, which is what makes this answer accurate.

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To solely manage the IT infrastructure

To oversee marketing strategies

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