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Best Practices

Taking the Big-Picture View

Alexander Hamilton Award winners talk about why financial risks need to be managed from a high-level perspective.

By Meg Waters | Updated on February 25, 2015
Financial risk management requires close attention to detail. Unfortunately, as a treasury team manages financial risks day in and day out, the details sometimes begin to take precedence over more strategic trains of thought.

When financial risk managers can’t see the big picture, they may find themselves spending all their time performing rote tasks that could instead be handled by machines. They may struggle to adequately comply with new financial system regulations. They may fail to recognize opportunities to add more value to the business.

Perhaps most damaging, a financial risk manager with a perspective that is too insular may end up engaging in financial transactions that actually increase the overall risk their organization faces.

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