By Jim Wetekamp, Chief Executive Officer, as published by GARP (Global Association of Risk Professionals)

COVID-19 threw risk managers into the spotlight overnight – and they shined. Risk managers helped make business-critical decisions and drive corporate agendas, earning a well-deserved seat at the strategic table.

Even so, the pandemic was a wake-up call. The crisis uncovered how vulnerable businesses are to systemic events – and how ill-equipped the traditional risk management approach is to handle the fallout. The way risk is managed needs to be reinvented. And risk managers are ready to lead the charge.

Here are four tangible ways the risk function is actively evolving.

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