Risk Management Standards - Part 3 of 4 on ....
by Jim Pierobon
Underpinning the success of the risk framework is the widespread understanding and daily usage of key risk management concepts throughout the firm. It is critical to ensure personnel are qualified and experienced. Since qualifications must develop as the firm’s risk taking activities develop, it is impossible to separate the need for qualifications from the need for on-going
education and focused training.
In a risk-aware organization, the quality of the education program is readily apparent in the consistent manner that communication and discussion of risks are undertaken. The standards address qualification and training requirements for individuals involved in
Commercial Activities, oversight of Commercial Activities and Associated Risks, and the Governing Body.
Find out more by securing your own copy of the Risk Management Standards paper here.