If the world were static, risk management could be static too—but reality is quite the opposite. Effective risk management in this day and age requires companies to be continuously evolving and improving. Risk teams must always be looking for opportunities to do their jobs better. Our three 2023 Alexander Hamilton Award winners in Risk Management exemplify that mindset.
"Never assume you know everything; always keep your eyes open for opportunities to know more," advises Chris Scott-Hansen, managing director at Morgan Stanley. "The individuals managing risk at Morgan Stanley are brilliant, in my view, but the world can change in the blink of an eye, and they need to evolve with it. Access to information, so that they have their arms around the risk, is crucial. And they have to be willing to stretch their arms further to reach around anything that may pop up. The only way we have a collective future is to think and then rethink and then think again."
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