Determination: Be prepared to make tough decisions including those that constrain business activity. Data Driven: Transparency is the key to identifying risks and avoiding the bias that can come with gut feel.
Resourceful: be creative in how you use your time and resources to focus on analysis and decisions that have the most impact. Respected: Cultivate respect by being measured in what you say; using data to support your case. Listen and be open minded. Risk/Reward: Understand the Risk/Reward tradeoffs – be commercial in your decisions.
Insight/ Intuition: Follow your intuition to identify potential future risks. Challenge success. Be proactive. Independence: You have the independence and freedom to focus on the areas of risk you think could manifest a number of years down the road. Many catastrophic risks are years in the making.
Vigilant: Defend against the recurrence of risks that have occurred in the past or in other organizations. Complacency kills! . Visionary: look for the next risk that could threaten your business. Be creative – think about the worst case scenario and use this as an opportunity to strengthen controls to prevent that scenario from occurring.
Empowered & Empowering: You are empowered to chase down risk. Empower your team with the same mindset.
What behaviors do you think are critical for success in risk management today?