pcl case study
Prudent Risk Type Edward is head of the Credit and Market Risk function for a global financial business solutions provider. At work, Edward describes his Prudent risk style as an advantage to him. This style of behaviour enables him to keep a firm hand on the tiller when the money markets are moving quickly and reassures those working with him. The downside would be if he wanted to change function and switch to trading, which he admits he isn’t suited to as trading would not afford him the luxury of analysis he prefers. When he first started his current job he realised being a Prudent type could cause a degree of friction with the sales team as they usually wanted an immediate decision. Now he thinks he strikes a balance between risk avoidance and risk management. By educating his sales team to realise that he won’t always say no, but that when he does say no it’s for a good reason, he finds the team now present him with requests that have been pre-filtered or adapted so that they are more likely to get the green light from him. His career path has taken him from 15 years at a British high street bank in the credit analysis function, to South America where he worked in credit risk, then to a Mexican bank in London, followed by an Iranian bank, an Interdealer Broker and finally the global financial business solutions provider he is at now. While he has changed jobs on a number of occasions he has always researched and planned for these changes. For example, when he was considering moving to Argentina, before accepting the position, he travelled to Argentina to check it out first. Even when he decided to move back to London he made sure he went to London to meet the people he would be working with at his new employer, and, in essence, interviewed them before deciding whether to take the job.
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