Behavioral Risk Management Research Articles

Dear CRO: Behavioural risk management is the new thing for you

Behavioural risk management (BRM) helps to better prevent risk events that can hurt financial services firms, their customers, shareholders and society. Underpinned by methods and insights from across the behavioural sciences (such as organisational and social psychology, decision making and cognitive science, etc), this forward-looking risk management approach is increasingly encouraged by regulators and invested in by financial institutions globally. This paper provides a practical three-step approach to manage behavioural risk, illustrated with financial services case studies. Future developments are then discussed. The paper closes with common implicit beliefs that may hinder senior risk management professionals initiating BRM in their organisations and a manifesto for action to help get started.

Behavioral Risk Management: Supporting Individuals with Developmental Disabilities Who Exhibit Inappropriate Sexual Behaviors

Community-based services to address inappropriate and offensive sexual behaviors are perhaps the least developed of all interventions for individuals with developmental disabilities. This article describes Behavioral Risk Management (BRM), a community-based, wraparound model, that incorporates both internal and external management strategies to meet the unique needs of adolescent and adult males with developmental disabilities who exhibit inappropriate or offensive sexual behaviors. Key components of BRM are risk assessment and risk management support planning, teaching new skills and alternative behaviors, environmental arrangements and supervision, and monitoring systems. Although still a work in progress, the model has enabled men with developmental disabilities who exhibit inappropriate or offensive sexual behaviors to live safely in the community, while ensuring community safety.