Competency profiling in a banking industry susceptible to disruption.
Oliver Wyman recently undertook a survey to benchmark the competencies of those managing and leading the Risk function in European banks, to capture information about disruptive trends in the banking industry and to understand which actions might enable Risk functions .
The results of our survey suggest that major shifts in competencies are required to prepare the Risk function and its leadership teams for the changes to come. We argue that a fundamental disruption will be required as a foundation for success over the next five to ten years. This report outlines how Risk leaders can prepare for this challenge.
