Developing an accurate way to assess risk culture and building a strong risk culture within an organisation can often seem like working towards an elusive goal, akin to the metaphorical search for the Holy Grail.
Unfortunately and all too often, diversity is viewed through the narrow lens of what we can see. Gender and race are amongst the most obvious physical traits that are linked to diversity. But what if we took this further and looked at the differences that are not so obvious?
There has been a lot of talk around risk culture across the financial services sector and this is expected to continue given the current Royal Commission into misconduct in the Banking, Superannuation and Financial Services Industry, and the Prudential Inquiry into the CBA. So why is risk culture something that should be front and centre at your organisation, and what should you be thinking about?