The Evolution of the Risk Management Profession

This report by David Latour, Chief Risk Officer at La Caisse, examines how the risk management profession is evolving within financial institutions. In a global risk environment shaped by climate disruptions, geopolitical instability and rapid technological change, traditional risk models based on historical data are proving inadequate. Risk frameworks must now be dynamic, forward-looking, and scenario driven. Risk professionals need a broader skillset that includes a working understanding of climate, energy, technology, and geopolitics. Strong governance and a deeply-embedded risk culture are essential as risk teams assume a more strategic role in investment and decision making.