Risk Watch: Thought Leadership in Risk—Autumn 2016

In the 18th issue of Risk Watch, four authors share opinions, perspectives, and ideas about what is happening in the risk world and beyond.

Principal of Southern Harbour, Alexander H. Hay’s analysis of the forces affecting enterprise risk focus on two major trends: sociology and market expectations. He connects this to the centrality of infrastructure in business operations and the associated risk implications.

Frank D’Andrea, Vice-President and Chief Risk Officer at Hydro One, provides some important lessons learned in how ERM can avoid the need for post-mortems by enabling risk practitioners to proactively address risk and avoid major failures.

Brian Philbin, Laura Brown, and Lori McKay, senior Canada Revenue Agency executives, addresses the challenges of taking a comprehensive approach to risk evaluation to avoid over-focus on the “risks du jour” and share the risk tolerance model that they developed for CRA.

Patrick Hart sets out the key steps in the development and implementation of Payments Canada’s ERM program. Patrick’s 28-year career at the organization has culminated in the effort taken to create the current ERM program at Payments Canada during a 12-year ERM journey.