Senior decision makers in the financial services industry have pointed out that their risk management frameworks are in fact a long way away from what is widely understood as industry best practice. Common reasons cited for this disparity include a dire lack of risk management talent not just in Asia but globally, a lack of risk managers senior and credible enough to influence heads of business lines, outdated compensation schemes and misaligned targets between risk management and the business units.

This report profiles and analyses some of the most well regarded and effective risk management teams and chief risk officers globally to identify how banks can best build a competent risk management team that will drive bank performance synergistically with other business units moving forward.