In these videos, Sally Freeman, KPMG’s Partner in Charge of Risk Consulting, and Ian Shiels, Partner in Charge of Financial Risk Management, discuss why risk functions must innovate its operations, and up skill to position itself as a leader.
Sally Freeman, Partner in Charge of Risk Consulting discusses how KPMG's Risk Function of the Future enables us to create a vision for where risk functions need to get to, and also consider the necessary skill sets of future Chief Risk Officers.
When risk first took the limelight after the 2008 global financial crisis (GFC), entities have invested heavily in understanding their risk function, and regulators have invested heavily in how they want to manage and monitor industries. What KPMG is seeing is an emerging need for a technology driven function that is aligned with strategy and where the Chief Risk Officer has the right skill set to take a seat at the executive table.
Risk Function of the Future is KPMG's approach to helping clients design, plan, prioritise and implement change in risk management. Ian Shiels, Partner in Charge of Financial Risk Management looks at what KPMG's Risk Function of the Future is and explains why Chief Risk Officers need to act now to transform their operations. He outlines what changes risk leaders can make and how KPMG can help organisation with their transformation.