The new risk management professional is creative « Riskczar Corporation

The new risk management professional is creative « Riskczar Corporation.

Thought I would share with you an interesting “very short” post that I read through WordPress.

Here is the extract:  Rick Nason’s ideas about the new risk management professional. He explains how “the career in risk pendulum may have shifted and that mathematical skill may not be the competitive advantage it once was.” He continues “mathematical skill combined with creativity, artistic and humanistic skills are the portfolio of skills that are now necessary in risk management.”

Who would have ever thought you would hear the words “creativity”, “artistic” and “humanistic” next to the concept of risk.

I responded with the comment – This is exactly the theme I talk about to take the risk profession to the next evolution. Essentially we need to see the risk professional as a mash-up of quantitative methods, qualitative methods and judgement, innovation and revolutionary thinking. The professional has always been one of historical conservatism, so this is going to be a huge challenge for us all to embrace.

We are heading into truly exciting times in 2010 and beyond.


Scott North has extensive experience in enterprise risk management, internal audit, operational risk and compliance, risk strategy, scenario planning, technology risk, technology business analysis, systems design, financial accounting, and management accounting. Scott is a Fellow of the Australian Institute of Chartered Accountants with a Masters Degree from the University of Melbourne in Business and Information Technology. Scott is also a Fellow of the University of Melbourne.

Read More

Related Articles

How to Ensure Your Sustainability Strategy Stays Clean

As we embrace the shift towards a greener economy, sustainability products are on the rise. However, with this growth, we've also seen an increase...

The Future of Australia’s Financial Services Industry: Embracing the Financial Accountability Regime

APRA and ASIC Spearhead a Revolutionary Change in the Financial Sector Introduction Today marks a significant milestone for the Australian financial services industry as the Australian...

Effective Risk Committees

Every Risk Moment Matters