Feature
PRACTICE
Risk manager 2025 Risk managers can expect a more strategic role in 2025, according to IRM’s global survey report on the future of the profession BY CLIVE THOMPSON AND KARLENE AGARD
B
y 2025, most risk managers will be engrossed in building a culture of risk awareness throughout their organisations and influencing management decision-making. Those are the key roles risk professionals will need to perform if they are to help their businesses navigate the rocky waters they face over the coming years, according to a global survey of the profession conducted by the IRM as part of its Risk Agenda 2025 initiative. Evaluating risk strategy and the risk landscape will still be essential skills, but they will be increasingly seen in the context of how the business builds effective communication channels with its key stakeholders. “The essential skills and attributes for risk managers to acquire in the future include strategic thinking, influencing and confidence,” the survey report, Setting the agenda: exploring the future of the risk management profession, says. “These all point towards a growth in the strategic role of the risk manager by 2025.”
There will be a growth in the strategic role of the risk manager by 2025
Growth Scenario planning – along with collaboration with other organisations and horizon scanning – are likely to remain the leading methods of managing risk, yet social
14
Enterprise Risk
