In today’s unpredictable business environment, risk culture has become a cornerstone of effective risk management. This shift is driven by a simple realization: a strong risk culture can be the difference between success and failure. Take the infamous collapse of financial giant Lehman Brothers, a stark example of the devastating consequences of poor risk culture….
Category: risk
Embracing Holistic Risk Management: Safeguarding Businesses from Diverse Risks
In today’s rapidly changing business environment, risks are emerging from every direction, posing potential threats to organizational performance and growth. While traditional risk management models may have served a purpose in the past, the evolving nature of risks requires a more comprehensive approach to risk management. According to the Global Risk Management Survey 2022 conducted…
Navigating Risk in Banking: A Comprehensive Guide to Risk Management
Risk management is a cornerstone of the banking industry and is essential for banks to stay afloat and profitable. It’s all about understanding the risks associated with lending, investing, and other banking activities and mitigating them. Risk management has been around for centuries, with roots in the tulip trade and ancient banking practices. It protects…
Risk Management For Regional Banks: Why Ignoring The Warning Signs Can Be Costly
Effective risk management is becoming increasingly important for regional banks in order to protect their business and customers’ savings. With the Federal Reserve and other regulatory bodies taking measures to stop risky lending within the banking industry, regional banks also need to follow suit by controlling the risks in their operations. Regional banks are financial…
Risk Management Recruitment Made Easy
Hiring risk management professionals for your organization is often a difficult task. You spend weeks reviewing tons of applications, most times, getting frustrated and closing your vacancy because you couldn’t find a qualified candidate that matches your requirements or fits your organizational culture. Risk management recruiting firms, like Risk Talent, help you hire the right…
Top Tips for Successful CyberSecurity Recruitment and Retention
With cybercrime becoming a top global threat, businesses are increasingly looking for ways to secure their networks and ensure their data is safe. Unfortunately, the cybersecurity talent shortage is making it difficult for organizations to find the best professionals. Attracting competent professionals and retaining them for the long term are key components of a successful…
Finding the Right Fit: Risk Management Recruitment
Risk management is an essential part of any organization, but finding the right risk management professional can often seem like a difficult task. A risk management recruiter is knowledgeable about the skills and qualities that successful risk professionals possess – something that not every company’s Human Resources team may understand. It’s important to know what…
Recruiting Exceptional Risk Managers within Healthcare
At Risk Talent, www.risktalent.com, we have seen a significant uptick in the number of risk professionals required by healthcare organizations. Demand far outweighs supply, and we don’t see that changing this decade. One of our clients recently discovered, from a JCAH review, that they were woefully understaffed with risk professionals, despite their recognition as one…
Impact of Trump Victory on the Risk Management Profession
Everyone is trying to figure out – what happens now? For the 7.4 billion people in our world, I think we can all agree – the world just got, at least a little bit, more risky for all of us. But, what about for risk professionals? I have been recruiting risk and compliance professionals for…