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Putting Risk Management Vacancies on the Business Agenda

By Stephanie Barnes Subscribe to RSS | May 4th 2012 | Views:
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To ensure business continuity, there is a need to have the right resources and processes in place. The need to find talented people for risk management vacancies should be a high priority. The lack of suitable resources will pose a serious threat to the seamless running of a business and affects a company’s chance of success. In extreme cases, it can threaten its very existence.

Information management is an area requiring people with the right skills in risk management vacancies. The value of information can be looked at in two ways. There is the intrinsic value, which covers the costs associated with acquiring data, systems for storage, structuring and maintaining information, and delivering it via IT systems.

Secondly, there is the consequential value of data, which can be attributed to the cost of losing data in terms of ability to trade and revenues if company data is lost, destroyed, corrupted or even stolen. Insurance can cover some of the losses, but it cannot compensate for the damage potentially caused to a company’s reputation or the loss of business opportunities.

In order to protect a business from the impact of losing information, measures must be put in place to protect data from losses. Likewise, recovery processes must be set up. The amount of processes and measures put in place should not be left to guesswork, and key personnel are required to fill risk management vacancies and carry out effective risk analysis.

A structured risk analysis will define the intrinsic and consequential values of a company’s data. It will also highlight any risks and potential threat, both from outside sources and from within. It is then possible for the risk management team to work at eliminating the threats and reducing any areas of risk.

When recruiting for risk management vacancies, it is essential to find candidates with experience in risk assessment; a crucial element in protecting the information systems in a business. Following this stage in the process, contingency measures must be put in place to deal with the various scenarios that could arise. For example, how is the company going to keep its systems protected against the rapidly changing threats from cybercrime?

Contingency plans must be practical and thoroughly tested. Methods chosen to protect the business must be a sound vehicle for success, meet with business needs and be achievable within the company budget. However, these contingency plans will not improve productivity or increase profits. They are always likely to add costs and resource requirements, and some never deliver tangible results. However, they are essential to protect the company’s assets and ensure the business survives.

A good contingency plan will ensure that the business has a clear, practical list of tasks, actions and milestones. It will also fulfil resource requirements for risk management vacancies, so a company may recover from a disaster scenario within appropriate timeframes. Business continuity should be a priority for any business, and the need for talented candidates to fill risk management vacancies is essential for success.

Stephanie Barnes - About Author:
Stephanie has being writing for Acumin for many years, and is an expert in the field of risk management vacancies and recruitment. Find out more at http://www.acumin.co.uk

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