The key to successful risk management in your business is your people. Their risk culture, perception, attitude, engagement, behaviour and actions, with respect to risk management, will make or break the success of your risk management framework. It is the number one ingredient for success.
Developing and maintaining the right culture requires knowledge, understanding and skills. This can be acquired in a number of ways including: life experience; work experience and informal learning; and structured training. Given the maturity of risk management in most organisations is at the early stages, structured risk training is the most critical. Why?
Practical top quality risk management training provides all of the above. Risk management training can help your team to recognise and understand how managing their risk benefits them, their performance and the broader enterprise. Only then can they make precise and powerful decisions on behalf of your business, driving actions that work in the real world.
Author of 'A Short Guide to Operational Risk', David Tattam is an internationally recognised specialist in all facets of risk management, particularly at the enterprise level. His career includes many years working with PwC, as well as two Australian banks. His achievements include the creation of the Middle Office (Risk Management Department) for The Industrial Bank of Japan in Australia and the complete implementation of all Australian operations, systems, procedures and controls for Westdeutsche Landesbank (WestLB).