Here's how you can strike a balance between delegation and control in your role as a risk manager.

Build trust by empowering your team with clear, strategic objectives and the autonomy to innovate, fostering a culture of accountability and confidence. Implement transparent communication channels and regular check-ins to ensure alignment and provide support, balancing oversight with the freedom to explore and take calculated risks. Recognize and celebrate team achievements, reinforcing trust and demonstrating your belief in their capabilities. Utilize data-driven insights to guide decision-making, ensuring that delegation is informed and strategic, while maintaining control through a robust framework of risk assessment and mitigation.

Striking a balance between delegation and control in risk management hinges on trust. Begin by assessing your team's strengths and past performance, then delegate tasks that align with these strengths. Provide clear objectives and guidance while resisting the urge to micromanage, fostering a sense of ownership and proactive risk management. For instance, I once delegated a critical compliance review to a team member with a strong attention to detail, providing initial guidance but allowing autonomy. The result was not only successful but also boosted their confidence and commitment. Trust your team's expertise, and they will rise to the occasion, upholding the high standards of risk management you’ve set.

Define clear, strategic objectives that empower your team with the autonomy to innovate within well-established boundaries, ensuring alignment with overall risk management goals. Leverage data and real-time analytics to maintain oversight, providing you with the insights needed to intervene only when necessary, while fostering an environment of trust and accountability. Implement regular feedback loops and collaborative decision-making processes, balancing delegation with control to drive both individual ownership and collective success.

Balancing delegation and control in risk management starts with setting clear objectives. When assigning tasks, explicitly define what success looks like and outline the decision-making boundaries and escalation points. For example, when I led a team through a complex project, I established specific parameters and regular check-ins, ensuring everyone understood their roles. This approach not only empowered the team to manage risks independently but also allowed me to maintain oversight and provide guidance when needed. Clear communication and defined expectations are key to effective delegation while ensuring control over risk management.

1. Know your team members' strengths. This takes time to understand one another. 2. Delegate tasks that are in line with his/her strengths. 3. Initial guidance on the project/task in terms of framework and criticality is critical and then leave for the team to take over. 4. Trust your team. 5. Micromanage only when trust is broken consistently.

Tão importante quanto tomar grandes decisões é considerar a execução! Durante todo o processo podemos cometer erros. A melhor situação é admiti-los rapidamente e seguir em frente com foco no objetivo, ou ainda no resultado, caso momentaneamente o objetivo tenha que ser mudado para se atingir uma performance melhor. Nisso, os princípios de Fayol, aplicados normalmente pelos administradores (Planejar, Organizar, Dirigir e Controlar) é uma das melhores formas desenvolvidas para alcançar melhores níveis de excelência e eficiência! Evidentemente, toda a tecnologia, toda a humanização e capacidade de comunicação dos dias atuais têm que ser um facilitador de integração entre os recursos, principalmente das pessoas envolvidas no objeto.

Bamboo plants can bend significantly without breaking, thanks to their flexible fibres. That ability allows bamboo to withstand strong winds, heavy rains, and even the weight of snow without snapping. The point of the illustration is the strongest things are also often the most flexible too - the things that can bend with change. Don't be rigid or you will snap. One thing I have learned over my long career in IT - I am not the smartest guy in the room, but I know who to ask and what to ask them for the best outcome. There will always be someone who knows more about a subject than we do - so ask them for feedback - then move with the good suggestions.

As a risk manager, it is integral to ensure delegation is exercised for those tasks that do not require one's specific skill set, but have the urgency to be completed. Below elements would be relevant to exercise delegation but also maintain a control environment. 1. Identifying competent resources - This is necessary to avoid re-work or continuous follow through 2. Clarity - Clear communication of what is the expected from the assigned task, deadline for completion, highlight if any challenges are encountered. 3. Progress update - Receiving progress updates for review at agreed intervals 4. Informed - To be kept in loop of any ongoing communication related to the task, to assess if intervention is necessary to clear any roadblocks