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Risk appetite / Risk team structure [41]

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Bullet points include: Initial attempts led by external consultants, but no lasting benefits or knowledge transfer seemed to result Late 1999, Head of Internal Audit, John Fraser, asked to take on additional role of CRO Corporate Risk Management Group established Consisted of CRO (part time) and 2 full-time professionals (one with a degree in Industrial engineering, one with an MBA in process re-engineering and organisational effectiveness) Given 6 months to prove its worth, otherwise would be disbanded

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