When researching new occupations, I came across the occupation of a Chief Risk Officer which is a job that takes on the broad and vast role of mitigating risk within a company. This job was initially popular in the insurance industry and has since then become a popular investment in both the financial industry as well as with the retail industry. The job of a Chief Risk Officer is a tough job that involves leadership skills, strategic thinking abilities, as well as technical expertise. All of this is a packaged deal when looking for the best risk management officer that can detect and solve and legal or technical problem before it ever reaches the public eye. This investment has become crucial as internet has become the way to make or break a product and a company.
After the 2008 financial crisis, Chief Risk Officers became widely demanded in order to encourage transparency within a company. Consumers as well as regulators also demanded accountability for any issue that occurs within a company. Though the CEO is the individual that runs the business, the Chief Risk Officer is the individual that influences the decision making process and is even able to predict potential disruptions that can occur. As a Chief Risk Officer, these individuals are given independence in their job and are expected to perform to keep the business running perfectly.
Chief Risk Officers have the duty to not only monitor and identify, but to also mitigate any problem within the company. When it comes to credit risk, market risk, as well as operation risk, the Chief Risk Officer often works closely with the Chief Compliance Officer. This current role has been growing in importance ever since 2010 especially in financial institutions such as banks which were drastically affected by the 2008 financial crisis. With this profession becoming an important position and a highly demanded position, individuals such as Helane Morrison have excelled at the job.
Helane Morrison is the Compliance Officer for Hall Capital Partners, a financial service that offers unique investment solutions. Ms. Morrison’s job is to mitigate risk and to continue the transparency of this financial firm. As a professional with experience in both the public and private sector, Helane Morrison has been valued highly at this firm. With a legal background as well as a technical background, Helane Morrison can prevent a problem and can fix it in a timely manner.