In a financial landscape where change is the new normal, the CFO’s role has become more important and more challenging than ever. Effective financial risk management requires a concentrated effort by all top decision makers and as one of the stewards of their companies’ financial health; CFOs are expected to play a leading role in orchestrating these efforts. There are specific actions that todays’s CFO’s must take into consideration in order to navigate and optimize the business. To do this CFO’s first need to identify exactly which key risks will affect both the profitability of their organization and the business strategy going forward. Forming the foundations of these, are areas like the financial institutions data, models/governance and reporting frameworks to name a few.