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Disruption is the new normal and no industry is exempt from change. Life is more complex, connected, challenging, faster – and exciting! Although technology will facilitate change, people will take the decisions that drive change. This context creates new risks and new opportunities and demands a shift in emphasis for the risk professional, who must closely engage with the purpose of their organisation to support and contribute to the organisation’s direction.
Risk professionals must consider and synchronise to the extent possible the different speeds at which strategic, tactical and operational risks develop. The job of the risk professional is to challenge the status quo and to make sure the typically faster pace of external developments is synchronised with those internal to the organisation, and that these move smoothly in the same direction.
When consulted in August 2020, Airmic members rated different knowledge and skills, coupled with an increase in authority and more flexible working, as the greatest changes to their jobs over the last four years. Digital literacy, a creative mindset and negotiating and influencing were considered the most important skills for the future. The technical aspects of the risk professional’s role are being stretched into areas requiring influencing skills, business awareness and technology fluency. Those who can combine these will be best positioned to support their organisation in today’s dynamic environment and achieve personal professional success. In the words of Airmic CEO John Ludlow, “the risk professional who understands the risk context and business will become a business partner”.
The purpose of this Competency Framework is to provide risk professionals with a [tool/process] to help them navigate their career and to demonstrate they are not travelling this journey alone – Airmic is there to provide support. We hope you find the Competency Framework helpful.
Deputy CEO and Technical Director, Airmic