A formula for risk staffing drives the transition from Risk Adminstration to Risk Value Add

RWA

Average salary

Risk Maturity

Front Line Maturity

“I never stopped looking at the risk reports. It turns out they didn’t properly capture the nature of the risk. I now understand why, but it obviously doesn’t matter.”

Systems of Record

Data Quality

“None of the banks are fully compliant with the Principles in terms of building up the necessary data architecture and, for many, IT infrastructure remains difficult. But banks’ efforts to implement the Principles have resulted in tangible progress in several key areas, including governance, risk data aggregation capabilities and reporting practices”

Putting it together

Risk functions are never static. This formula intuitively explains the factors to support why staffing needs increase or decrease over time. It can be used to make the case for improvements in data quality and systems of record.

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I’ve always been logically driven. I like to think I look at things broadly and draw observations that may not be represented by main stream media.

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