Consistent with past surveys, the results of the financial services industry (FSI) reflect a higher level of concern about the risk environment than the general population of survey respondents. What is noteworthy this year is that the deviation between the risk ratings of the general population and FSI is significantly higher than in the past. A riskier business environment means added pressure on the financial services industry to monitor and adapt quickly to changing market conditions and, as necessary, pivot their strategies. By identifying and ranking 32 specific risks based on their potential impact, this document provides a framework for strategic planning and risk management.

It emphasizes the interconnectedness of these risks and the need for proactive measures, such as horizon scanning and scenario planning, to ensure resilience in a rapidly changing market. Additionally, the findings can inform discussions at the board level, guide investment in compliance capabilities, and enhance organizational preparedness to adapt to emerging challenges and opportunities in the financial services landscape. In this report, we discuss the top risks finance leader should keep top of mind, according to the results of Protiviti’s 13th annual Executive Perspectives on Top Risks Survey.