Forum

Replies

• 

  Aamir Khan May 25, 2011 12:54

  The organization (Askari Bank Ltd.) where I tried to establish Risk Management made my life so difficult that it transpired into major health problem for me i.e. hypertension. Ultimately, I left.
• 

  SYED ADEEL HUSSAIN March 1, 2011 0:55

  Avoid saying this to a risk manager : "Mind your own business"

  Have a good day everyone !
• 

  Mike Benishek February 15, 2011 16:10

  1 - You don't have any insurance coverage for this loss.....

  2 - What claim?

  3 - I received this certified letter from an attorney about a month or two ago.....

  4 - You need to do something. Too many people are getting hurt in my department......

   

   
• 

  Sylver Kyeyune February 15, 2011 9:57

  I got a comment from a coleague in my business development function ''We have done and grown the institution's business without this formal risk management processes, Risk is just a hindrance to business growth and causing failure for us to achieve the set targets and subsequent performance hearings for which I may lose a job;

   

  For me this was a training gap identified. The mentality changed after I conducted staff workshops right from Senior Management to the lowest level. Results are so positive that self assessments are key risk management tools I have inculcated...
• 

  Bill Starkey January 19, 2011 11:18

  While developing an in-house market risk model a manager quipped, "We don't have time for this objective model we have our own and besides I have to manage a portfolio."
• 

  Trevor Levine (RISKCZAR) January 18, 2011 19:34

  Two years after I was hired by the CFO to implement an ERM program, and after this same senior insurance company executive moved on to a new position, he told me, "Trevor, risk management is important; we just don't have time for it."
• 

  Derek R. Rohr January 6, 2011 20:39

  When asked to justify risk management (crisis environment) and expenses I referenced some historical names: Georges, Floyd, Isabel, Charlie, Ivan, Wilma, Felix, and Tomas.....The bean-counters had no idea what i was talking about.
• 

  Terry McKenna January 4, 2011 0:23

  One I recently heard (from a senior 'program manager'): "I do not see the point of all this formal Risk Manaegement stuff - I think it's far more important to be out there fire-fighting the issues...".

   

  The words "bolting the door" and "after the horse has run away" came to mind but I just bit my tongue. So many 'issues' arise from ineffective (or non-existent) risk management. 
• 

  Paul Roth January 3, 2011 19:50

  "Oh, we [lie and] tell them we have $500MM of AUM"

   

  Said by the manager of a $200MM fund of funds in response to my question about he was able to get in the door with so many large hedge funds that were (at the time) difficult to get into. 
• 

  Tiago Lopes December 31, 2010 12:25

  Policies? Procedures? What's the point?
  
  Hearing this in an audit is not uncommon, as business often sees policies and procedures as burocracy.
  But, coming from a Head of Internal Audit after reading an Improvement Opportunity that was entitled "Asset capitalizing Procedures are missing" is simply too much