Q: Are there opportunities for lawyers in risk management? Nicholas Behringer, Consultant focused on Risk and Compliance markets at Naiman Clarke answers this commonly asked question.
A: One of the positive outcomes of the GFC has been an increased awareness of risk and the importance of engaging a risk management professional to be involved in strategic decision making. Effective risk managers are no longer seen as the 'handbrake to growth' or 'the party pooper' but a manager of an organisation's risk appetite and a statesman to ensure employee support and understanding of risk.
Many organisations are grappling with who should perform this essential function within their organisation and what tertiary skills are needed to undertake this role. Some of the most successful risk managers come from a legal background due to their analytical skills, credibility and understanding of the regulatory framework that the entity operates in.
If you are interested in pursuing a career in risk with your organisation the Risk Management Institution of Australia offers informative courses to become a Certified Practicing Risk Manager or a Certified Risk Management Technician. These courses will add to your tertiary qualifications, experience and provide a framework for success. A risk management role within your organisation can be worth the change and provide you with the satisfaction that you are looking for!