I’ve been writing this blog almost every day since August and I’ve been rewarded by your positive feedback and over 6000 hits. In this period, I’ve reported about many ERM-related events: the S&P calls ERM “highly important”; while others suggested ERM should be a “way of life”, called it “vital”, said it would be a great idea at some banks, and declared it is the “forth most influential management idea of the last decade”. It seems like lately everyone is talking about black swans.
Additionally, Aon, actuaries and other authors published documents, surveys and books, the Government of Canada has issued an RFP requiring contractors be certified in ERM, ISO 31000 was published, and the SEC issued new enhanced proxy disclosure requirements and rules around the Board and oversight of risk.
So what I would like to know is… where is the demand for ERM practitioners? Where are the jobs?
Several years ago, there was a steady stream of contractor opportunities for Sarbanes-Oxley (and more recently IFRS) work. Accountants were doing a brisk business as independent contractors. Why are we not seeing the same demand for risk management practitioners, especially from non-financial organizations?
To provide some context, I also live in Toronto – one of the largest cities and financial centres in North America. Toronto is home to banks, insurance companies, pension funds, mutual fund companies and hedge funds. Hundreds of non-financials have their headquarters here as well. This is not Iowa.
And although I see the usual demand for financial risk services at financials, I would like your thoughts about demand for risk management services especially at non-financials?
What are you seeing in your cities? Please leave your comments (along with your location.)