Comments on: The new risk management professional is creative http://riskczar.com/2009/12/17/new-risk-management-professional-is-creative/ Risk Management from Everyone. Everywhere. ® Sun, 06 May 2012 20:29:43 +0000 hourly 1 http://wordpress.com/ By: The new risk management professional is creative « Riskczar Corporation - Innovation of Risk - theinnovationofrisk.com http://riskczar.com/2009/12/17/new-risk-management-professional-is-creative/#comment-216 Wed, 20 Jan 2010 12:04:20 +0000 http://riskczar.com/?p=749#comment-216 [...] The new risk management professional is creative « Riskczar Corporation. [...]

]]> By: The new risk management professional is creative « Riskczar Corporation « Riskovation リスクイノベーション http://riskczar.com/2009/12/17/new-risk-management-professional-is-creative/#comment-168 Tue, 29 Dec 2009 12:08:56 +0000 http://riskczar.com/?p=749#comment-168 [...] PDRTJS_settings_987061_post_48 = { "id" : "987061", "unique_id" : "wp-post-48", "title" : "The+new+risk+management+professional+is+creative+%C2%AB+Riskczar+Corporation", "item_id" : "_post_48", "permalink" : "http%3A%2F%2Friskovation.wordpress.com%2F2009%2F12%2F29%2Fthe-new-risk-management-professional-is-creative-%25c2%25ab-riskczar-corporation%2F" } The new risk management professional is creative « Riskczar Corporation. [...]

]]> By: riskovation http://riskczar.com/2009/12/17/new-risk-management-professional-is-creative/#comment-167 Tue, 29 Dec 2009 12:05:07 +0000 http://riskczar.com/?p=749#comment-167 This is exactly the theme I talk about to take the risk profession to the next evolution. Essentially we need to see the risk professional as a mash-up of quantitative methods, qualitative methods and judgement, innovation and revolutionary thinking. The professional has always been one of historical conservatism, so this is going to be a huge challenge for us all to embrace.

]]> By: riskczar http://riskczar.com/2009/12/17/new-risk-management-professional-is-creative/#comment-153 Thu, 17 Dec 2009 21:47:52 +0000 http://riskczar.com/?p=749#comment-153 I agree Keith.

I view ERM implementation as a change management exercise with risk management content. Anyone can identify and assess risks and stop there. Sadly, I’ve witnessed situations where Chartered Accountants (CA) in senior finance positions have a bias towards individuals with the same CA designation; they don’t understand the skills requirements to do this kind of work. I call this hiring the “least worst” rather than the best person for the role.

]]> By: Keith Baxter http://riskczar.com/2009/12/17/new-risk-management-professional-is-creative/#comment-151 Thu, 17 Dec 2009 21:20:34 +0000 http://riskczar.com/?p=749#comment-151 I think that there is a big difference between financial risk management and the rest of what is commonly termed “Enterprise Risk Management”. This remaining piece is generally poorly done due to the application of financial techniques to what is essentially a “people” problem. Techniques that cover the softer/psychological side of risk are required.

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