Do You Know What You are Made Of? Get Your Risk DNA Assessment Today
Gone are the days when a strong academic background combined with mathematical and modelling skills was enough to make a career in risk management. As the risk manager’s domain expanded, an additional set of management and professional skills became necessary to succeed. These two sets of capabilities are inextricably coiled around each other to form a double helix that supports successful risk careers.
Risk managers now shoulder broad responsibilities such as data management, operational risk, process management, policy development and governance, which were previously distributed among client relationship, risk, compliance, credit, and IT groups. This additional workload brought fresh blood into the risk management department as people with less traditional profiles joined the risk professions, thereby enhancing the risk department’s gene pool.
As any biologist knows, a large gene pool is associated with diverse populations that can more easily survive bouts of intense selection – a valuable asset for today’s risk managers, who need to survive, adapt and thrive in a fast-changing industry, with rapidly expanding roles and responsibilities to match.
While technical issues remain on risk managers’ plates, the new breed of risk professional is often faced with more people-focused tasks, as regulators highlighted communication around risk as a weak point laid bare by the financial crisis. As a result, risk managers now spend more time communicating technical issues to non-specialists, which requires not only good communication skills, but also an aptitude for persuasiveness and conflict resolution. As part of the drive to build highly effective risk cultures, risk managers find themselves challenged by front office staff, management and regulators alike on risk measurement and methodology, processes and procedures. Risk managers themselves also need to be proactive in their promulgation of their organization’s risk appetite and processes.
Axioma’s Risk DNA test maps your natural talent on 10 dimensions to uncover your strengths and opportunities for growth. Take the assessment and see which of three risk personas is uniquely you.
The personas are based on the degree to which you possess the following traits:
Ambition – equals not just the desire to grow in one’s career but to do your job to the best of your ability and to be a better risk pro than anyone else.
Analytical Inclination – needed to analyze risk situations.
Area Knowledge – enables you to stand your ground in the face of business unit opposition.
Focus – helps to find a solution to a problem without being distracted by details.
Inspiration – needed to come up with novel solutions.
Personal integrity – is an asset, as the truth about risk can be unpopular.
Persuasiveness – supports collaborative and clear communication of risk/return issues.
Pragmatism – is required on-the-fly to address short term, burning platform risk issues.
Proactivity – needed to address risk issues before they become problems for the enterprise.
Stress Management – is imperative to build resilience against dealing with the conflicting demands of the organization as a whole and the needs and desires of individual risk takers.
Take the Risk DNA Assessment now to understand your Risk DNA. Discover which traits drive your effectiveness as a risk manager and which resources and tools you can leverage to advance your career.
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