Feature
SKILLS
Demonstrating excellence IRM has responded to the past decade’s changes within the financial services industry by revamping its sector-specific qualification BY ARTHUR PIPER
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t is a decade since the financial crisis hit the world in 2007. Key banks and financial institutions went bust or were privatised, interest rates plummeted and governments around the world have been printing money to keep the global economy afloat. Not surprisingly, regulators in the UK, Europe and the US have played a key role in examining what went wrong and revamping their regimes to make the financial system more resilient. Those working in the financial sector are living not only in a different world of compliance but also in an industry where technology has transformed both the services that financial institutions can offer and what customers now demand. These pressures have encouraged financial organisations to look increasingly to their risk functions to develop enterprise-wide risk management and to help ensure that their strategies in the digital marketplace are fit for the challenges they face in a dynamic and unpredictable market.
We have revised our syllabus placing a sharp focus on the importance of strategy, culture, behaviour and competence
Never a dull moment As Iain Wright, chief risk officer of Old Mutual Wealth, told Enterprise Risk magazine in June, “Part of the thing about working in the risk function of a financial services organisation is that it’s not a dull place to be.” IRM has responded to those trends in the sector by refreshing and renewing its International Certificate in Financial Services Risk Management.
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Enterprise Risk
