Reference no: EM133392645

Questions

1. The case asks the risk management community to do a better job explaining how to sustain an ERM initiative over time. List what you believe are the critical requirements to sustain an ERM initiative over time.

2. Scenario: The current operational risk manager probably is not be the right candidate to become chief risk officer but that operational risk manager is very good at his/her job and knows the company well. You will become the company's first CRO. What role do you see this operational risk manager having in an ERM installation and what would be your plan to retain this person (if you will retain the person and train this person for operating in an ERM environment?

3. Do a "Google Scholar" search of "Decision Making Under Uncertainty". Identify key research articles in this area of research and provide a brief summary of the issues and the empirical data that are part of this research paradigm to date.

4. The board of directors has just hired you as a consultant to analyze the company to see whether it is ready to commence an ERM implementation. What circumstances or conditions in a business or enterprise would cause you to recommend that the company NOT pursue an ERM implementation at this time?

5. Develop a template for building a job description for a chief risk officer in a for-profit enterprise. This should include a list of questions that must be answered and a list of critical Skills that must be a part of every CRO's job. Also include questions that will identify Competencies required for the particular industry and business that the CRO job description will be designed for.