by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc
All good books (and even the bad books) on risk management talk about the need for a company to have a risk champion in order to put in place a good ERM system. The books all talk about what a risk champion does and why they are so important. A change in tone then takes place and the books talk about implementing risk management. The tasks change. The arguments change. The skills needed change. Is the risk champion still the risk manager? Are the skills needed to be a risk champion the skills needed to be a risk manager? Is your Chief Risk Officer (in title or in deed) a risk manager or a risk champion? Are they really effective at being both (or neither?)
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