Risk Management Department
Chief Risk Officer: Lena Arfalk
The Risk Management Department consists of one division:
Operational risk division
The department also includes financial risk analysts, the Chief Compliance Officer and the compliance function, and the Data Protection Officer is organisationally part of the department.
Lena Arfalk is the Head of the department from 1 January 2025.
The Risk Management Department’s mission is to provide prerequisites for reliable internal control, risk-aware decision-making, and regulatory compliance within the Riksbank.
The department is responsible for ensuring that the Riksbank maintains a comprehensive risk management framework that enables adequate and continuous identification, assessment, management, monitoring, and reporting of risks. The Risk Department further provides advisory and support to the organisation in matters relating to risk management and regulatory compliance and conducts oversight to ensure that the organisation identifies and manages its risks.
The Risk Department shall perform its duties independently from the rest of the organisation and shall, at a minimum every four months, report its objective assessment of the Riksbank’s risks to the Executive Board.
Organisationally, the whistleblowing function also belongs to the Risk Management Department.
The Chief Risk Officer is a member of the Riksbank’s management group.