Sample content Week 1 DQS Who do you believe is primarily responsible for risk management for an organization? We all acknowledge that taking risks is a part of life and certainly part of operating a business enterprise. The result of the worries (e.g. FED judgment on rates of interest, oil leak in the Gulf, storm ruins main structures) aren’t manageable by the administration; however the influence of these kinds of outcomes may be affected. Excellent risk management cannot just assist minimize the influence of damaging results, but leverage off on beneficial results and boost the organization. My experience of the investment management arena is the fact that risk management shifted from being a routine of a few to an important management practice, particularly post Lehman. Companies are giving enterprise risk management growing focus, high-level answerability and specific responsibilities. Organizations realized that risk management a) can maintain shareholder value by way of risk-based decision making and funds allocation, b) will lure new shareholders that will progressively reward organizations with solid risk framework (e.g. it became an important feature for hedge finances) and c) became a necessity by regulators. Therefore we realize that it’s important, the question is who’s accountable for doing it. My experience that the top administration and people responsible for governance (e.g. Board of Directors) and their committees (e.g. Audit Board, Danger as well as Compliance Board) are in the lead of the risk administration, mainly because of its specific role and their agency rapport with the investors. According to my experience, the majority of the companies, particularly in the finance field, created Chief Risk/Compliance Officer jobs that are section of the C-suite leadership and their main function to develop and keep a risk administration framework according to plans and operations; and offset strategic and operational danger the company faces. Clearly, the whol

1. ACC 544 Discussion Questions DQs Week 1
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Sample content
Week 1 DQS
Who do you believe is primarily responsible for risk management for an
organization?

2. We all acknowledge that taking risks is a part of life and certainly part of operating
a business enterprise. The result of the worries (e.g. FED judgment on rates of
interest, oil leak in the Gulf, storm ruins main structures) aren’t manageable
by the administration; however the influence of these kinds of outcomes may be
affected. Excellent risk management cannot just assist minimize the influence of
damaging results, but leverage off on beneficial results and boost the organization.
My experience of the investment management arena is the fact that risk
management shifted from being a routine of a few to an important management
practice, particularly post Lehman. Companies are giving enterprise risk
management growing focus, high-level answerability and specific responsibilities.
Organizations realized that risk management a) can maintain shareholder value by
way of risk-based decision making and funds allocation, b) will lure new
shareholders that will progressively reward organizations with solid risk framework
(e.g. it became an important feature for hedge finances) and c) became a necessity
by regulators.
Therefore we realize that it’s important, the question is who’s
accountable for doing it. My experience that the top administration and people
responsible for governance (e.g. Board of Directors) and their committees (e.g.
Audit Board, Danger as well as Compliance Board) are in the lead of the risk
administration, mainly because of its specific role and their agency rapport with the
investors. According to my experience, the majority of the companies, particularly
in the finance field, created Chief Risk/Compliance Officer jobs that are section of
the C-suite leadership and their main function to develop and keep a risk
administration framework according to plans and operations; and offset strategic
and operational danger the company faces. Clearly, the whol
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