Riskonnect, Inc.’s Post

Risk Management is key in this day. Having these skill much like a data analyst will help in any field you go into. Understanding what they do is even more important.

Are you considering Risk Management as a career?

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

Empathy as a trait for risk managers is important. To understand where someone is coming from helps you with framing and avoidance of innate biases that the risk manager might have. The same conversation you have with an Accountant and the HR practitioner maybe lead to some profound insights when one understands their orientations.

I can make anyone love risk management! This is what I said (infatuated?!) to my line manager a few years ago. 😊 We were talking about how to resource the Enterprise Risk Management (ERM) facilitation team. He was considering recruiting externally, with expertise and experience in ERM. I wanted internal resources, and I was trying to convince him that anyone from Finance, Change Management, Credit, or Compliance is more appropriate and the business can benefit more than recruiting someone external. And then he asked me, Claudia – do you really think they would fancy working in ERM, part time? And I answered as above: I can make anyone love risk management! And yes, I did make anyone I worked with or still work with to love risk management. To want to be part of the process and understand better the business and its complexities. Or at least, this is what I think. I ask periodically for feedback, and this is the justification I have for my confidence. 😊 Three key success factors in achieving this. I tried to make the process: ➡ Strategic ➡ Trusted by the board ➡ Focused on decision making and actions #RiskMentoring #StrategicApproach #RiskRoundup #BoardRiskInsights #StrategicRiskAdvisory

5 key lessons for aspiring Heads of Risk or Chief Risk Officers: 🔹 Develop a comprehensive understanding of the industry, regulatory landscape, and emerging risks to drive strategic decision-making. 🔹 Cultivate strong communication and relationship-building skills to effectively liaise with stakeholders and drive a risk-aware culture throughout the organisation. 🔹 Prioritise continuous learning and professional development to stay abreast of industry trends, technologies, and best practices in risk management. 🔹 Foster a proactive and forward-thinking mindset, anticipating and mitigating risks before they materialise to safeguard the organisation's reputation and financial stability. 🔹 Champion diversity and inclusion within your risk management team, leveraging a range of perspectives and experiences to enhance decision-making and risk mitigation strategies. Anything you would change? #RiskManagement #FinancialServices #LeadershipOpportunities #CRO #Headofrisk

As a risk manager, your role is critical in supporting decision making, planning and performance management. Read more 👉 https://lttr.ai/AVg5y #EverChangingBusinessEnvironment #SupportingDecisionMaking #RiskAcademySComprehensiveGuide #SuccessfulRiskManager #RiskManager #GuideAims #Riskacademy #Alexsidorenko #Decisionmaking #Riskmanagement #riskacademy #alexsidorenko #decisionmaking #riskmanagement

BLOG | Do you have good risk management practices? Managing risk is a critical facet of the roles of CEOs and board members. Unfortunately, many businesses are relatively relaxed about risk management. Having risk management practices in place is critical to commercial success while also assisting owners in making better business decisions. In this blog, we outline the 5 key areas that all business owners should focus on when planning 👉 https://lnkd.in/dUcjr5Cf #business #change #alliedhealth #health #practice #practicemanagers #medical #accountants

5 key lessons for aspiring Heads of Risk or Chief Risk Officers: 🔹 Develop a comprehensive understanding of the industry, regulatory landscape, and emerging risks to drive strategic decision-making. 🔹 Cultivate strong communication and relationship-building skills to effectively liaise with stakeholders and drive a risk-aware culture throughout the organisation. 🔹 Prioritise continuous learning and professional development to stay abreast of industry trends, technologies, and best practices in risk management. 🔹 Foster a proactive and forward-thinking mindset, anticipating and mitigating risks before they materialise to safeguard the organisation's reputation and financial stability. 🔹 Champion diversity and inclusion within your risk management team, leveraging a range of perspectives and experiences to enhance decision-making and risk mitigation strategies. Anything you would change? #RiskManagement #FinancialServices #LeadershipOpportunities #CRO #Headofrisk

Feeling lost in the maze of risk management careers? Don't let the confusion hold you back! BSE Institute's Executive Program in Risk Management is your roadmap to success. This online program, provides the foundational and beyond basic knowledge and practical skills you need to launch your successful career. Gain real-world insights, and be eligible for rewarding opportunities in risk management, compliance, and internal audit – all on your own terms Enroll today and take control of your future! #bseinstitute #bseindia #onlineeducation #onlinecourse #riskmanagement #security #riskassessment #finance