Risk controller: Difference between revisions

{{a|risk|}}

These poor people are the wrong side of an asymmetric option: no [[risk controller]] ever got credit for approving a deal that was colossally profitable, but plenty were eviscerated and left to dangle outside the city walls for neglecting to stop one that wasn’t<ref>This is, of course, outrageous hyperbole. No risk officer was so much as gruffly reprimanded for not anticipating the forthcoming [[global financial crisis]]: the [[circle of escalation]] saw to that.</ref> so you shouldn’t begrudge them the outlandishly risk-averse behavior in which they will inevitably indulge.

After all, we spend large parts of our daily life catering for contingencies that will never happen. Look upon a [[control function]] as a sort of [[insurance]] against {{risk|risk}}. You pay a cost/premium up front (in time and organisational resources) to have someone manage the {{risk|risk}}. But are these meaningful contingencies or just comfort blankets – paper tigers and imaginary monsters that, as {{risk|individual}}s we are professionally incentivised to treat as real?