Risk management is an ongoing affair where an organization’s risk controls can be adjusted depending on business needs and drivers. Changing macroeconomic, market, geopolitical, artificial intelligence and other strategic risks require businesses to be more agile than before. Businesses should not only react to these conditions but pre-empt and mitigate the likelihood and/or impacts of them so that they can continue to operate into the future. Risk management should not be isolated to risk professionals, but rather embedded into every staff’s remit and mindset. 

This second-in-a-series paper delves into risk transformation approaches that have proven effective.