Ferma Blog 5: Why Risk Managers should talk to LRQA
27th September 2011
Ferma Blog 5: Why Risk Managers should talk to LRQA
Björn Müller, Managing Director of Lloyd’s Register Quality Assurance Germany & Switzerland
Interviewer: Why should a Risk Manager talk to LRQA, what benefits can we deliver?
Björn Müller: In talking to LRQA, a Risk Manager can find a real discussion partner capable in talking about the operational risk management at the highest level. LRQA obviously has to take out the financial risks, but all the operational risks are related to the management systems where LRQA and its assessors have way more insight than any other person or organisation has. LRQA can really help to facilitate the risk managers demand to go deeper into the processes and into the risks occurring from these. For example, within a risk managers community discussion I raised the question to the risk managers from larger companies, “are you really aware what type of risks your purchasing departments are bringing into your company?” The answer was a clear, “no we don’t know”. But what they know now is that that supply chain is a real hot topic on the companies’ risk agendas and talking to LRQA can really help by using existing methodologies and existing infrastructure within the companies to give the risk manager a way deeper insight and leverage not only the value of the risk manager itself in the company but also leveraging the value of the quality managers within the companies, so it’s clear what we call a win-win situation and LRQA can really help to facilitate this.