Glyn Holton's latest blog entry discussed something I don't read about often enough; real-life roles and responsibilities of risk managers and the working relation with senior mangement and traders.

I like the right model that is envisioned, and can understand why the wrong model naturally comes into effect. This will be in my mind the next time someone ask me what I think of risk manager's role.

In a nutshell, effective risk taking requires a constant flow of information up and down the organization, and it is the role of financial risk management to facilitate this information flow.