PRMIA volunteer profile - Doug Cronk
by Adam Lindquist PRMIA Director of Membership
Canada has produced many innovative leaders for PRMIA Chapters, and Doug Cronk is no exception. Doug shares his experience as a volunteer with PRMIA and some of his amazing accomplishments.
Adam
What is your professional role in risk?
Doug I was a Pension Investment & Risk Management Officer at AIMCo - Alberta Investment Management and previously the IWA-Forest Industry Pension Plan.
Adam
Tell us about your innovation in Canada
Doug There are a number of Chapters in Canada. We have one featured regional event per year, the Canadian Risk Forum that brings Chapters together. In conversations with Sarah Reppchen and Carl Densem with PRMIA Vancouver, we created the pan-Canadian PRMIA group. It’s proven to be a great way to brainstorm and service the PRMIA membership from coast-to-coast.
Adam
What are some of the benefits you have found with being active with PRMIA?
Doug In 2020, of course, risk managers have become rock stars. That’s kinda’ cool. I’ve always felt it is important to stay current and put new skills in the kitbag. That’s why I added the PRM™ Designation. Now, the menu of virtual risk education has expanded significantly. It’s important, indeed critical, to understand the most current thinking in risk management. Credit risk management has been around a long time in the banking industry, so we know a lot about it. Market risk management is more recent - the last 40 years say. But Operational and Enterprise risk management are in their infancy, and we are getting a crash course in those right now. In the pension industry, indeed the investment industry more broadly speaking, it’s been all about ‘risk management’ for the entire career of most everyone reading this. Think 1987, 1990, 1994, 2000/2001/2002, 2008, 2018 and now, 2020. Certainly, for the last 10-15 years, every paper written, every seminar, every client conversation has been and is about risk management.
044
Intelligent Risk - February 2021
