A Risk Champion is defined as a person who by virtue of his/ her expertise, authority or office champions/ oversees the overall risk management in an organisation/ a particular aspect of the risk management process.
This is usually (but not always) a senior manager/ executive. A Risk Champion typically has sufficient authority to drive risk management as required by the institution's risk management policy and strategy.
One of the key functions of the risk champion is to ensure the support of the executive, to legitimize and sanction implementation of risk management.
The Risk Champion should be able to show how risk management will help management meet the institution’s objectives and better position the institution for the future, as well as how to communicate these benefits.