In-depth intro: Risk management

From Berlin to Birmingham, risk functions are increasingly relying on low-level number crunchers in low-cost locations

Like many other parts of the industry, risk management took a beating during the crisis. Some risk managers turned whistleblowers, lifting the lid on dodgy practices at their own institutions – and, in the process, revealing the degree to which they had been sidelined; others turned to self-flagellation, admitting they had not been tough enough.

But while regulators are now trying to sidestep other problem professions – by ignoring accounting numbers, in some cases, or marginalising the work of