Operational Risk #3: Novices, Apprentices and Soloists—Inadequate Training or Cross-Training

Posted byhollyhmillerPosted inHedge Fund / Alternative Investment Management, Operational Risk, Traditional Investment Management, TrainingTags:, , , , , , , ,

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5 thoughts on “Operational Risk #3: Novices, Apprentices and Soloists—Inadequate Training or Cross-Training”

  1. Pingback: Tweets that mention Operational Risk #3: Novices, Apprentices and Soloists—Inadequate Training or Cross-Training « Stone House Consulting -- Topsy.com

  2. In my experience, this is incredibly pertinent and right on. It’s amazing how a money manager can, on one hand, be so adept at navigating macroeconomic twists and turns in the global securities markets, yet be so obstinate about the micro climate of their own offices on the other.

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  3. As a Learning and Professional Development Specialist within the Financial Services environment (Buy Side, Sell Side and related service providers), I have come to the same conclusions. I have been an advocate that buy side firms need to have a solid grasp on competencies required for each role, a succession management plan, and adequate cross training (analyzed via a Training Needs Analysis). I believe it would be interesting to learn how many buy side firms actually have a formal process for each of the above- a study like that would go hand in hand with the article above.

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  4. Pingback: Operational Risk #5: Naïve Reliance on Technology—The Downside of Automation « Stone House Consulting
  5. Pingback: Operational Risk #9: Poor Planning and Slow Response Times—Changes in the Firm, the Marketplace and the Regulatory Environment « Stone House Consulting

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