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Inside Internal Controls

News and discussion on implementing risk management

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always-on risk and strategy management

The essential competencies of an effective risk officer

I recently sparred gently with a good friend, a respected and influential risk practitioner and thought leader, about the key competencies necessary for a risk officer to be effective. He listed several competencies for effectiveness, saying that “without these competencies risk managers are useless to the business”.

 

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Always-on risk and strategy management

Always-on strategy complements the annual [strategy] process by giving senior leadership a regular forum in which to monitor and discuss issues that warrant continual attention, including those identified during the annual process and during the course of the year.

 

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