It goes without saying that the integrity of any process is dependent upon the amount of trust everyone has in the process. So, the question I have is; what is the level of trust whether it’s those being supervised or those doing the supervision in any risk management program? I’ve always assumed that as a risk …
Author archives: Ian Moorhouse
Perceiving risk managers for their strategic value versus technical expertise
Over the past many years, I’ve come across risk management publications and articles that have questioned the role that risk management plays in many organizations, these publications question the value that risk management can create or preserve. While there are quite a few publications talking about new tools or systems that risk managers can deploy …
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Transformational Risk Managers
In a previous posting, I described the need for risk managers to become more of a strategic partner for other departments in an organization. The one big obstacle that risk managers will need to overcome is the transactional mindset that is at the heart of risk management. Risk managers have the three lines of defense …
Risk Managers Identifying Destructive Leaders
I overheard a conversation in a coffee shop the other day that made me ask, how close are the traits of inexperience leaders and destructive leaders. Two people were talking about the company they work for and the risk management program they were subject to. They did mention the name of the company, so I …
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Is ‘Risk Washing’ going on in the financial services industry?
What is risk washing? Risk washing as an idea that a company states that they have an effective risk management program or compliance policies and procedures in place yet there’s suspect evidence to support the claim. The company statements are for the record yet there’s little evidence to support the statement. The notion of risk …
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