What Type Of Person Thrives In The Investment Industry, According To A CFO At Compass Diversified
Ryan, Compass Diversified's CFO, advises aspiring finance professionals to develop their own authentic communication style when "selling the story," rather than mimicking others. The importance of proactive risk management and building a team with the ability to identify key risks is also crucial, as "without the proper people... you could run into big trouble."
Communication, Risk Management, Teamwork, Authenticity, Leadership
Advizer Information
Name
Job Title
Company
Undergrad
Grad Programs
Majors
Industries
Job Functions
Traits
Ryan Faulkingham
CFO
Compass Diversified
Lehigh
Fordham MBA
Accounting
Finance (Banking, Fintech, Investing)
Finance
Video Highlights
1. Authenticity in communication is key when selling a company's story; using a natural communication style is more effective than a rigid, structured approach.
2. Risk management is critical for CFOs; it's essential to have a team that proactively identifies and addresses risks within the organization.
3. Trusting your team's ability to identify key risks is crucial for effective risk management as a CFO
Transcript
What have you learned about this role that you wish someone had told you before you entered the industry?
I'd say there are two main points here. First, a lot of my role involves external communication and selling a story. Initially, I thought I needed to present it a certain way, perhaps mirroring how others pitched it.
However, over time, I realized it's more effective to use your own philosophy and methods. What comes from the heart and feels natural is far more authentic than a rigid, structured process.
The second point relates to finance and accounting, specifically risk management. It's crucial in a CFO role to trust your team's ability to identify key organizational risks.
You need proactive individuals who are actively seeking out potential risks, rather than passively waiting. Without the right talent internally, a CFO can face significant challenges.
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