The Risk Manager of the Future : Sceintist or Poet?
- Topics:
- Enterprise Risk Management
- Tags:
- Finance,
- Financial Planning,
- Financial Services,
- Management,
- Risk Management,
- Risk Manager,
- Security,
- Strategy
- Source:
- The Risk Management Association
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Overview: Quants alone do not represent the future. There is no single deep field of knowledge that is sufficient for competence in the real-world field of risk management. The successful risk managers of today and tomorrow are synthethizers and applied problem-solvers, who focus on loss and capital estimation that is integrated within pricing models and profitability reporting. The article explains thoughts on where risk management is going, and what it’s leaving behind. Being a good risk manager was like being a good Lan administrator—hardly worth the effort given the lack of appreciation. The current situation for most risk management departments is reactive, almost audit-like. A successful risk management system will be relied upon heavily for decisions made in real-time, and focus upon leading, not lagging, indicators. The amount of work won’t change, but its relevance will, and that’s progress. Risk management has become trendy—like planning and forecasting. To get more details on Enterprise Risk Management read the article.
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Format: PDF | Size: 47KB | Date: Feb 2001 | Pages: 5
