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The Risk Management Leader’s First 100 Days

The first 100 days of a risk management leader’s tenure are critical to building a foundation for long-term success. Risk management leaders should focus on clarifying ERM’s mandate, building relationships and understanding the function’s current maturity to effectively transition into their role.

Key Findings

  • Risk management leaders should focus on clarifying their mandate for the function upfront and on establishing clear goals and responsibilities for the risk management program.
  • Connecting with other functions and stakeholders throughout the organization while establishing a personal brand is crucial to a smooth transition.
  • A benchmarking and maturity assessment can help identify functional gaps and areas to prioritize for immediate program development.
  • Risk management leaders should try to deliver a quick win to raise executive and team member confidence in enterprise risk management’s (ERM’s) abilities.

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