Notes from a presentation on Behavior Risk Culture by Juergen Fiedler Deutche Bank at the RiskMinds USA in Boston.What does Risk culture look like?It is One of five strategic objectivesBuy in from the topDedicated risk culture programPlace co. Reputation at heart of everythingFour program work streams implemented:Communication:Set expectations, corp wide and divisional via senior Management videos and intranet communicationTrainingAccountability, hold people accountable Take red flags into consideration in promotion, compensation, performance rating.MonitoringIncludes tone at top campaignConsistent strategic risk culture tahini gStrong link to objective setting and year end reviewStrong link to compensation and promotion process thru red flagsGap analysis, year end evaluation, mandatory online training including new product awarenessHave 2-day risk management conference and spent one day on culture
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