Saturday, May 10, 2014

Characteristics of a Risk Manager

    
    This question is asked in management courses when risk management in studied. What are the characteristics of a risk manager? Is he like other managers or runs other type of show? That’s an important question. This question is crucial to top management who is looking at a project. Who should lead risk management task?
The main point to understand is the essence of RM. Risk manager in fact is a manager with no subordinates. Seems funny but it is true. Let’s consider JPL case in MBA course. JPL wants to lunch a space craft to Mars. Ever division is doing its job. CEO assigns Gentry Lee a risk manager.  He has to work with all departments but he runs no division. He is a man caught in fire. CEO, lead engineers and managers have their own expectations which are quiet contradicting. What kind of manager Lee needs to be? I bring some points as follow:
  1. ·         Organizer: organize risk committee
  2. ·         Communicator: Capacity to connect
  3. ·         Historian: to table mistakes in the past
  4. ·         Broker: one who can strike a deal
  5. ·         Reporter: make efficient report to CEO on current work and results
  6. ·         Zealot: Stands firm on his work and not influenced by CEO and others
  7. ·         Eagle: an observer with sharp eyes and ears
  8. ·         Achiever: Dedicated to do the job
  9. ·         Decision maker: capability of summarizing and delivering his expert view clearly


There might be other points too. The idea is to show the unique quality of a risk manager. According to Mr. Lee “ a minister with no ministry”



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