Biggest Challenges For A Capital Risk Management Executive At A North American Bank
As a Capital Risk Management Executive, the biggest challenge stems from unpredictability, which can be both rewarding and difficult, especially given the current uncertain economic and political environments. The need to shift resource allocation when priorities change and the difficulty in predicting the future, while trying to come up with the "most likely case", creates significant hurdles.
Uncertainty, Risk Management, Economic Environment, Time Management, Prioritization
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
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Ryan Almquist
Capital Risk Management Executive
Major North American Bank
Wake Forest University
N/A
Business Management & Admin
Finance (Banking, Fintech, Investing)
Strategic Management and Executive
Video Highlights
1. Unpredictability of the role requires adaptability in time and resource management.
2. External uncertainties like economic and political environments significantly impact banking operations.
3. Risk management involves predicting the future despite inherent uncertainties.
Transcript
What is your biggest challenge in your role?
The unpredictability is also a challenge. It's rewarding and interesting to not know what I'm going to come into each day, but it also creates a bit of a challenge.
That might impact how we manage our time. If we allocate our resources in a certain way and then priorities shift, that is a challenge to address.
As well as, particularly in the last several years from COVID until now, the economic environment is very uncertain. The political environment is very uncertain.
Uncertainty definitely affects banks, as it does all industries. It's very difficult to predict the future, but we try to come up with the most likely case. That's definitely a challenge in where we sit.
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