HMG Healthcare’s Post

How to hire a great Chief Risk Officer

Does Risk Mitigation apply to our careers? We shouldn't be complacent in our careers even if we've been at a company for several years. #complacency #toxicjob #riskmitigation As mid-career professional you likely practice risk mitigation for your projects. #professional #midcareer But do you practice risk mitigation for yourself in your career field?

Does Risk Mitigation apply to our careers? We shouldn't be complacent in our careers even if we've been at a company for several years. #complacency #toxicjob #riskmitigation As mid-career professional you likely practice risk mitigation for your projects. #professional #midcareer But do you practice risk mitigation for yourself in your career field?

🛡️ Mitigate Risks with Non-Executive Board Members 🛡️ Risk management is vital for any business. Non-executive board members bring an external viewpoint, identifying potential risks that might be overlooked internally. Their expertise helps in developing robust risk management strategies to safeguard the company’s future. #RiskManagement #BusinessSecurity #StrategicPlanning Hiring non-executive board members is a strategic move that can bring invaluable benefits to your organization, enhancing governance, innovation, and performance. 🌟💼

Taking the next step in your career as an Operational Risk Manager can be as strategic and meticulous as the work you do daily. The distinction between a good and a great Operational Risk Manager often hinges on these five must-haves: 1. **Strategic Foresight**: The ability to anticipate and mitigate risks before they escalate is invaluable. 2. **Regulatory Acumen**: A thorough understanding of the regulatory environment ensures compliance and informed risk assessments. 3. **Analytical Mindset**: Great managers are skilled at dissecting complex data to extract actionable insights. 4. **Communication Skills**: Effectively articulating risk findings and strategies to stakeholders is crucial. 5. **Leadership**: Steering teams with a balance of assertiveness and empathy sets the tone for effective risk management. If you're an Operational Risk Manager poised for your next challenge, please reach out for a confidential conversation about the current opportunities I'm working on that could be the perfect fit for your expertise. #OperationalRisk #CareerGrowth #FinancialServices #RAWSearch

Yes since your role, division or department exists there's a likelihood that something can go wrong that's why it is important that we identify and manage risks.

A widely shared comic strip, where a candidate admits to being "dumb" and is immediately hired for a Risk Management position, humorously highlights serious flaws in corporate hiring practices, especially within financial institutions. Risk management is essential for the stability and growth of financial organizations. Unfortunately, the criteria for selecting individuals for these crucial roles often do not match the actual requirements. This comic strip, while satirical, points to a troubling trend of undervaluing the sophistication needed in risk management. Failures in risk management have historically led to severe financial fallout, demonstrating the dire consequences of inadequate risk oversight. Recruitment for risk management roles must be taken seriously, focusing on identifying individuals with the necessary analytical prowess, critical thinking, and strategic foresight. Leaders need to champion robust hiring standards that ensure risk management teams are equipped to effectively steer their institutions through complex challenges and protect the broader economy. Let’s commit to refining our hiring strategies to truly enhance our organizations' risk preparedness. #riskmanagement #riskcompetence #riskjobs #riskhiring

Risk Management in the top 25? Yep. Risk Managers are in a list of most growing and in demand roles. Because they are unsung superstars. They always have been. We are their biggest champions at RiskSmart. And their kudos, importance and careers are only going to increase. #riskmanagement #riskmanager #regtech #RiskSmart

Sharing for my network for those in loss prevention and physical security.

Opportunity in the UK