Key challenges

North American (NA) banking respondents to theAccenture 2015 Global Risk Management Study* face 3 key challenges:

Risk management in the North American banking sector

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of NA bank respondents are open to greater digital risk – less than the global average.

expect cyber risk to increase.

1

Regulatory fall-out of systemic collapse

2

Tough economic headwinds

3

New entrants from technology sector

Approach to digital

of NA bank respondents believe risk is already a significant enabler of long-term profitable growth (28% for all surveyed banks**).

think risk will be critical or important to innovation and product development.

Risk management supporting growth

of NA bank respondents see very frequent interaction between the CRO and board.

think risk function interacts very frequently with the CIO.

Risk’s influence remains limited in places

of surveyed NA banks think cyber and IT risks will become more severe.

say emerging digital risks are taking up more and more of the CRO’s time and energy.

Emerging operational risks

of NA banks surveyed make extensive use of analytics to manage credit risks.

use analytics extensively for operational risks.

Underutilized analytics

of NA banks surveyed have extensive digital technology knowledge.

have recruited data analysts and scientists (49% for all surveyed banks**).

Digital talent

34%

62%

44%

66%

30%

30%

12%

26%

62%

78%

26%

42%