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 “probability theory, statistics foundations, risk perception and cognitive biases, decision theory and corporate finance”, saying that “without these competencies risk managers are useless to the business”.
Here’s an interesting piece on the question: What competencies should risk managers outside of banks and insurance companies really have?
My response was:
I would put these…
