Creating risk champions

An active network of “risk champions” is a very effective management tool used to develop strong risk management culture. This network could become the “glue” between the risk management team and the rest of the business. “Risk champions” can be of three types:

  • Official risk coordinators – employees, whose official duties include coordination of risk management processes within individual processes or business units. They are usually responsible for preparing information about risks, monitoring risk mitigation progress, organising risk management events or training.
  • Informants – employees, who have established informal, yet trusted relationships with the risk managers. They provide information about emerging risks or changes in the organisation processes or risk profile. A large network of informants is critical for risk managers to stay up-to-date on what is happening in the company.
  • Influencers – employees, who support the integration of risk management principles in the company’s activities and processes because it makes good business sense for the company or them personally. They will usually participate in the Risk Management Committee meetings and will support initiatives proposed by the risk managers.

“Risk champions” help to implement risk management elements in key business processes and procedures within the organisation. Usually, “risk-champions” are employees who are naturally motivated to effectively manage risks, such as employees responsible for project management, methodology, process improvement etc.  For larger organisations, it may be necessary to identify “risk-champions” not only for key processes, but also for each geographical area where the company is represented.


Check out other risk management books

Fundamentals of Risk Management: Understanding, Evaluating and Implementing Effective Risk Management
The Standard for Risk Management in Portfolios, Programs, and Projects
Implementing Enterprise Risk Management: From Methods to Applications (Wiley Finance)



Watch more free risk management videos on or subscrive to RISK-ACADEMY youtube channel

RISK-ACADEMY offers online courses

+ Buy now

Informed Risk Taking

Learn 15 practical steps on integrating risk management into decision making, business processes, organizational culture and other activities!

+ Buy now

ISO31000 Integrating Risk Management

Alex Sidorenko, known for his risk management blog, has created a 25-step program to integrate risk management into decision making, core business processes and the overall culture of the organization.

+ Buy now

Управление рисками

В этом коротком и очень увлекательном курсе, Алексей Сидоренко расскажет о причинах внедрения риск менеджмента, об особенностях принятия управленческих решений в ситуации неопределенности и изменениях в новом стандарте ИСО 31000:2018.


Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.