[Each year, the best Canadian risk managers gather to discuss the state of the discipline at the RIMS Canada Conference. The 2011 incarnation is taking place this week in Ottawa so I will be reporting from here for the next few days.]
Glen Frederick is running out of room on his mantle. In May, he received RIMS’ highest honor, the Harry and Dorothy Goodell Award, given out each year to recognize outstanding lifetime achievement in the field of risk management. And yesterday during the 2011 RIMS Canada Conference in Ottawa, Frederick, the director of client services for the British Columbia government, received Canada’s most prestigious award for risk management: the Donald M.
Stuart Memorial Award.
“It’s a little humorous that you’re giving me an award for promoting the value or risk management,” said Frederick, who considers risk management a big part of his life.
“That’s like giving a kid an award for liking candy or puppies.”
What keeps Frederick going? The fact that every day is different.
He may be using similar risk management processes and concepts to deal with the challenges facing British Columbia, but each risk is unique. Each day brings new challenges. “I’m not sure I could do one of those jobs where you do the same thing over and over,” said Frederick.
If keeping things fresh is his secret, it’s working. According to Roman Parzei, the Ontario RIMS president who presented the award, Frederick’s risk management efforts have saved the province of British Columbia $1 billion over the past seven years. And the ERM process he helped embed prior to the 2010 Winter Olympics were so beneficial that the International Olympic Committee that oversees the games will now mandate every local organizer to implement an ERM program similar to the one Frederick helped create.
He also had some advice for the risk managers in the crowd: learn how to speak the board’s language. One of his mentors taught him the importance of numbers, and it was something that helped him succeed. “He taught me how to speak finance,” said Frederick. “I never knew how valuable this would be to my career.
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And what a valuable career it has been.
Glen Frederick (middle), with RIMS Executive Director Mary Roth and RIMS President Scott B.
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Clark, accepts the Harry and Dorothy Goodell award at the 2011 RIMS Canada Conference.