Risk management teams identify, evaluate and prioritise risks and act to minimise and control adverse events or maximise opportunities that come with disruption. In global markets that are increasingly marked by volatility and subject to complex social, political and economic change, risk management is more crucial than ever to keep companies out of the red and into the black.
The London-based chapter of the Global Association of Risk Professionals, under the direction of Adolfo Montoro at Deutsche Bank AG and Maurizio Garro of Lloyds Banking Group, is dedicated to the advancement of the risk profession through education, research and the promotion of best practices globally.
Following the global financial crisis, risk management has become increasingly important over the last decade to help protect financial markets and prevent firms experiencing further fines and sanctions. A report by Boston Consulting Group says that banks across the world have paid about £243bn in fines in the decade following the 2008 financial crisis. Important trends suggest that risk management is set to experience even more sweeping change in the next decade.
Risk functions have shown significant support for the introduction of innovative technologies, with 95% of employers and 69% of candidates believing data science, artificial intelligence (AI) and the cloud can improve departmental efficiency. However, technology also poses operational risks in the form of cyber-attacks, disruptive fintechs and legacy IT shortcomings. With the risk of technology breaches and attacks becoming an increasing cause for concern across all industries, particularly financial services, the need for good risk management teams is prevelant more than ever before.
Based in the City of London, our consultants are specialists in their markets, recruiting top talent for organisations across the risk jobs market throughout the UK and Europe.