People in Risk Management are a critical component
People who work in risk management must serve as experts and help their peers in other departments use the best techniques to manage risk. As well, they must be capable of owning and managing specific strategic risks to the organization.
The goals of risk management, include:
The role of Risk Management in GRC is more than just the "R" in the acronym.
The people who lead risk management must be experts who not only manage assigned risk areas, but also serve as a center of excellence for other departments to help effectively address risks across the organization.
Other GRC disciplines play a role in Risk Management.
It is essential that people who are not specifically charged with risk management also understand what their colleagues who work in risk management actually need.
This includes knowledge about: