Risk appetite, culture and responsibility are key in
establishing a proactive value-adding risk management
function.
At the heart of any entrepreneurial venture is the basic
relationship between risk and reward. And whilst any successful
business has at the helm minds which have managed risks,
differences in the maturity of risk functions across different
enterprises abound. Although the more risk-mature models manage
risks efficiently and effectively, we believe that today's
organisations need to re-imagine risk management so that it becomes
a value creator in its own right.
The risk landscape that faces our businesses is indeed a rich
one. Key risk areas include cybersecurity, sustainable finance,
regulation, people, operational resilience, fraud & financial
crime, third party management to name but a few of the risks that
are currently consuming most of the Three Lines of Defence's
bandwidth within organisations. Added to these, we cannot neglect
risk areas
