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Building an Effective Risk Culture requires a detailed method of aligning the structured approach in the innovation framework and the 4-pillar Risk Culture Building approach with the Organisation’s vision and purpose to be the most trusted and inspiring connector of positive change. This must be done within the context of the existing corporate culture, driven by the Organisation’s Strategic Goals and Objectives with the outcome to realise the key benefits of Risk Culture Building and build sustainable competitive advantage through the optimisation of the management of risk within the Organisation.

Building an effective Risk Culture is much more than changing your organizational culture in line with your Vision, Mission, corporate values and risk appetite—you must factor in the interests of competing national cultures, sub-cultures, Maslow’s theory on individual self- actualization and the informal groups in the company. The interactions between these are not predictable and variables cannot accurately be isolated.

An effective risk culture is not a matter of risk assessment or level of compliance; it is a matter of individual ownership of risk and personal “conviction” -- a state of mind where human beings own the risks and the process of managing those risks through making well-informed risk decisions because they want to, not because they have to. Driving value through optimising risk management rather that a culture of compliance where they will do only what is required.

https://www.linkedin.com/pulse/calling-all-risk-culture-experts-horst-simon-risk-culture-builder/