by Rick Nason, PhD, CFA
Partner, RSD Solutions Inc.
When I was in trading and structuring, we were semi-obsessed where our trading desk “ranked” in the annual rankings of the various magazines that focused on the capital markets. Of course investment bankers are over-the-top obsessed where they are ranked in the league tables.
Where does your risk department rank amongst its peers? I realize this is a hypothetical question as there are not rankings (particularly non-financial rankings) of risk departments, but it is still worth it to ask the question. If your risk department does not rank at the top of your industry, then why not? How much is it costing your company to not have a top ranking risk department? What would it take to get your company’s risk department to the top of the rankings? What would be the benefits? Why aren’t you working to be the best now?
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