Risk Manager: Swiss Army Knife in Crisis

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Covid-19, War in Ukraine, “Yellow Vest”, Cybercrime, Fighting Corruption, Climate Change, Butoni Crisis, or Mid-Mast Reputation … Specializing in Risk Management from One Crisis to Another Homes are increasingly sought after.

In everyday life, considered “dense and multiple,” these professionals now look like “Swiss Army knives” that can adapt to time and events. Thibault Bulabois, Risk and Control Manager of the FDJ Group, recognizes that “we already had to deploy a certain number of tools, but in the two years we have more hats.” The Risk Management Insurance Association (Amrae), which brings together these experts, has become a “risk management expert” by combining traditional “barometers” in the plural (1).

Cross-business

“Occupations are diversifying. It’s much more cross-functional and meets other professions such as company operations staff. Recently created new features such as CSR and carbon neutral also impact risk management. “Michel Josset, Forvia’s insurance and prevention manager and Amrae’s administrator, adds.

Global risk management (or ERM in the case of “enterprise risk manager”) clearly plays a central role. It has a general management ear and the prestige that accompanies it. About 80% of risk managers claim it, accounting for more than 40% of the 35% of time. Its representatives “define, deploy, and lead systems and global risk management networks” in specifications ranging from creating risk mappings to deploying communication on the subject. The historical aspect of “insurance and prevention” remains key to 55% of the managers asked.

Now that the insurance market has been criticized for being very reluctant, searching for risk finance solutions such as relationships with market stakeholders (brokers, insurance companies, professionals, reinsurance companies, etc.) is strategically important. Is regaining. “If risk transfer offers are diminishing, insurers have a real role in risk management and prevention expertise. Insurers monitor claims extensively and over a long period of time, which is sufficient. Informed. The “insurance” function currently plays a major role in practice, provided it is associated with prevention, ”explains Michel Josset.

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Continuity and compliance

But today, a new subject is clearly emerging in the “galaxy” of risk management. Therefore, the theme of “crisis and continuity” is part of the schedule of more than 50% of the questioned population. Amley points out that it is a matter of “organizing and managing crisis management and business continuity systems to reduce the impact of external risks on activities.” In the program? Training and development of “crisis culture” as well as crisis management tools, BCP (Business Continuity Plan) and other “retex” (feedback).

Compliance has become more important in the process of embargo or regulation of vigilance or GDPR.

FDJ Group Risk and Control Manager Thibault Bulabois

In addition, about 15% of risk managers are in the position of “internal control manager” and 5% are in charge of compliance. “Compliance is important as a vigilance or ban or regulation of the RGPD,” explains Thibault Bulabois, who piloted the barometer. In fact, “legislative and regulatory developments” rose from 9 this year.When At 5When Rank in the AGCS ranking of “French Key Risks”. And that’s certainly not over.

(1) The 7th employment survey conducted by Amley. It was sent to Amrae’s 950 Risk Manager members in December 2021 with a response rate of 25%.