Deneshree Govender

Creating a sense of purpose for your risk management team is crucial for keeping them motivated and engaged in their work. Here are some strategies that can help you achieve this: 1. Clearly communicate the team's role in the organization and how their work contributes to the overall success of the company. 2. Define clear and achievable goals for the team. 3. Invest in training and development opportunities. 4. Recognize and reward team members for their hard work and achievements. 5. Encourage your team to think creatively and come up with innovative solutions. 6. Promote a positive team culture 7. Connect their work to the bigger picture 8. Create an environment where team members feel comfortable providing feedback.

1. Regularly review and update your plans: Market conditions can change rapidly, so it's important to regularly review and update your contingency plans to ensure they remain relevant. 2. Identify key triggers and indicators. 3. Scenario planning: Develop multiple scenarios based on different potential outcomes and be prepared to adjust your contingency plans accordingly. 4. Establish clear decision-making processes. 5. Foster a culture of flexibility 6. Test your plans 7. Collaborate with external partners: Build relationships with external partners, such as suppliers, customers, and industry peers, to share information and resources that can help you better respond to market disruptions. 8. Allocate resources wisely

1. Identify common conflict triggers. 2. Collect data on past conflicts, including when they occurred, who was involved, what the issues were, how they were resolved, and the outcomes. 3. Talk to team members individually or conduct surveys to gather insights on their perceptions of conflict within the team. 4. Map conflict resolution processes. 5. Assess the strengths and weaknesses of your team members. 6. Based on your analysis of conflict patterns, develop training programs to enhance conflict resolution skills. 7. Establish clear communication channels. 8. Develop standardized protocols for addressing conflicts within your team. 9. Promote a culture of respect and collaboration. 10. Monitor progress and adjust strategies.

1. Identify and assess risks 2. Develop a risk management plan. 3. Keep your team informed about potential risks and the steps being taken to address them. 4. Regularly monitor the progress of your project or team to identify new risks or changes in existing risks. 5. Encourage a culture of continuous improvement 6. Seek input from others 7. Not all risks are equal. Prioritize risks based on their potential impact and likelihood. Focus on addressing high-priority risks first. 8. Be prepared to make tough decisions 9. Learn from experience 10. Stay informed about industry trends, best practices in risk management, and changes in your organization. Be adaptable.

1. Before taking any action, make sure you have concrete evidence that supports your claim. 2. Approach the team member who took credit for your idea or presentation in a private setting. Express your concerns professionally and directly. 3. Give the team member the benefit of the doubt and seek clarification on why they presented the idea as their own. 4. Highlight Your Contribution 5. Focus on Collaboration 6. If the situation does not get resolved through direct communication, consider involving a neutral third party. 7. In the future, consider documenting your contributions to ideas and presentations to establish a clear record of your involvement. 8. Discuss Expectations Moving Forward 9. Focus on Moving Forward

1. Certified Public Accountant (CPA): 2. Financial Analyst 3. Corporate Finance: In corporate finance roles, you could be involved in financial planning and analysis, budgeting, capital budgeting etc. 4. Investment Banking: Investment banking roles involve advising companies on mergers and acquisitions etc. 5. Financial Planning and Analysis (FP&A): FP&A professionals are responsible for forecasting, budgeting, and analyzing financial performance to support business decision-making. 6. Risk Management 7. Management Consulting 8. Financial Planning 9. Venture Capital/Private Equity: Working in venture capital or private equity involves investing in and managing private companies.