The Greek philosopher Heraclitus rightly said that ‘’change is the only constant in life.’’ Now more than 2,500 years later, this wisdom has never rung truer for businesses that go above and beyond to remain agile and change course at a moment’s notice.

Today, successful businesses embrace risk and use it as a catalyst to achieve their strategic goals -rather than shying away from it or taking a response-based approach after an incident has occurred.

Businesses must realise even the strongest of plans are dependent on employee execution. Leaders must engage staff in their strategic goals and objectives and align their strategy with broader business operations to achieve success.

Is it time to change the view of the operational risk department in your organization? Often ‘Op Risk’ is seen by c-suite execs as a box ticking exercise, a negative department whose function is to aggregate risk data and report on it.