First Reference Talks

Discussions on Human Resources, Employment Law, Payroll and Internal Controls

assessing risk

By | 2 Minutes Read

The risk is assessed as high. So what?

While there may be a debate whether risk should be assessed using qualitative or quantitative measures, I believe that is answering the wrong question. Knowing what the level of risk is, even whether it is an unacceptable level of risk, is insufficient information.

By | 4 Minutes Read

The essential competencies of an effective risk officer

I recently sparred gently with a good friend, a respected and influential risk practitioner and thought leader, about the key competencies necessary for a risk officer to be effective. He listed several competencies for effectiveness, saying that “without these competencies risk managers are useless to the business”.

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