Inside the Strategy Room

245. The six habits  of successful risk leaders

45 snips
Apr 4, 2025
Ida Kristensen, a senior partner at McKinsey, Ritesh Jain, a partner advising financial institutions, and Naba Banerjee, Chief Product and Experience Officer at CLEAR, discuss the evolving role of Chief Risk Officers. They outline six essential habits that set successful risk leaders apart, from building trust and transparency to leveraging generative AI for proactive problem-solving. The trio shares insights on fostering partnerships with stakeholders and navigating the complexities of risk management, emphasizing resilience in the face of modern challenges.
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INSIGHT

Need for Risk Leadership Literature

  • There's a lack of material written on leadership in the risk discipline, despite the role's significant evolution.
  • The demands on senior risk leaders have grown due to increased risk types and volatility.
ADVICE

Define 'Good' in Risk

  • Define "what good looks like" for your risk function, creating a clear vision.
  • Use this vision as a rallying cry to align your team and shape risk culture.
ANECDOTE

Airbnb's Trust Team

  • Naba Banerjee reframed Airbnb's risk team as the "trust team," emphasizing positive trust signals.
  • She used a personal analogy of trusting a stranger with her child to illustrate the concept.
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