An Al-Chet for Risk Managers:

From James McCallum

I was not strong enough to stand up to my boss

I put selfish gain ahead of ethical considerations

I falsified or hid data to conceal results

I failed to be objective

My risk model was too subjective

I ignored warning signs

I was in over my head

I did not understand all the risk factors

I failed to get an outside opinion

I was beholden to monetary gain

I was victim to group think

I placed institutional interest before ethical considerations

I failed to admit I was wrong

I was not honest with regulators

I was not honest with shareholders

I looked the other way

I failed to act

I conveniently overlooked infractions

I turned a blind eye to irregularities

I made exemptions

I did not understand the depth of the problem

I know there are many more.

Please help me to uncover, understand, make right and overcome.



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One Comment on “An Al-Chet for Risk Managers:”

  1. […] An Al-Chet for Risk Managers (October 2009) Gives a litany of common shortcomings of risk managers as we are all human. […]

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