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Risk Management, Secret Diary of a Risk Manager

Secret Diary of a Risk Manager: Entry 6 - Risk Appetite

Last year our Board recruited three new members, one of whom has become the new chair of the Board Risk & Governance Committee.  He’s a pretty cautious fellow who likes to gain a deep understanding. He has a background in regulated industry and has...

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Risk Management, Secret Diary of a Risk Manager

Secret Diary of a Risk Manager: Entry 5 - This one’s a dead cert

On Thursday afternoon, while staring into space trying to think of creative ways to explain the concept to risk appetite to our Finance Director, I overheard one side of a phone conversation, going on just outside in the corridor:

“Yes, I know it’s a...

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Risk Management, Secret Diary of a Risk Manager

Secret Diary of a Risk Manager: Entry 4 - What are you doing, if it’s not risk management?

This week, our newest Risk Analyst, James, has completed his Management of Risk Foundation qualification and is full of enthusiasm for the subject. He joined us as a graduate and has spent the first six months supporting our highly manual, monthly...

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Risk Management, Secret Diary of a Risk Manager

Secret Diary of a Risk Manager: Entry 3 - It’s time for a chat with HR about hiring practices.

This week my meeting of note was with the HR Director. 

The irony of my meeting with her, a newly appointed ​interim​, to discuss how we ensure continuity of risk knowledge in our firm’s hiring practices hasn’t been lost on me. She’s been in post for...

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Risk Management, Secret Diary of a Risk Manager

Secret Diary of a Risk Manager: Entry 2 - So, you’re going to manage my risks then?

It’s been another challenging week fighting the “who owns your risk?” battle, trying to persuade a senior manager to take ownership of their risks.

First thing on Tuesday morning I found myself sat with the newly appointed Head of Security. It didn’t...

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Risk Management, Brexit

Why too many businesses are unprepared for a no deal Brexit

Recent research has found that two-fifths of UK businesses – primarily SMEs – are unprepared to cope in the event of a no deal Brexit. The survey, from the British Chambers of Commerce (BCC), found that two-fifths (41%) of all businesses had not...

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