The Risk Management Development Engine
You’ve got your maturity profiles with current and future state nicely benchmarked. You’ve got your competency frameworks all set too. Just one problem – how do you get from here to there?
It’s not usually possible to simply start doing the things that are on the future state because if it was that easy, you’d be doing it already.
I’ve built a risk management development engine which provides some focus for understanding everything a second line risk function might want to do to have the impact on others it wants in order to bring about the broader progress it seeks.
As you might expect, it’s not focused on the risk management framework per se (although that does form part of it). It’s about everything else you need to do too (technical and non-technical).
My experience has been that it sheds light on often under-recognised things which are important for success… things which risk functions need to get right for optimal impact.