Chief financial officers expect to be asked to take on operational roles beyond finance but many of them are concerned that they do not have the capabilities to take on a wider leadership role.Ernst & Young interviewed 800 finance leaders worldwide for its latest "The DNA of the CFO" report and found that digital innovation, the proliferation of data, new regulation and increasingly demanding stakeholders were changing the CFO role.Sixty-four per cent of respondents worldwide said they expected to take on a wider role. In Australia and New Zealand 82 per cent said they expected to be given a wider role.CFOs are not all that pleased about this prospect. Sixty-two per cent of Australia and New Zealand respondents said they did not have the "right mix of capabilities to meet the demands of future strategic priorities" and 64 per cent said it was hard to find the time to focus on new responsibilities.More than half of those surveyed said they were already spending more time providing analysis, such as data-driven analytics and strategic risk management, to their leadership team.They are also being asked to evaluate their organisation's investments in digital services, which may mean finding suitable metrics to evaluate business cases.The thing that most CFOs think they should be concentrating on is risk management, with 66 per cent in Australia and New Zealand saying this would be a critical finance capability in future.EY finance management consulting leader for Oceania, Donal Graham, said: "Local CFOs are starting to acknowledge that risk management needs to go beyond mere compliance and integrate more fully with the overall business strategy."