Gary Lynch helps companies manage risk for things that can be insured – and also things that can’t. “My job is never dull,” he says. “When I left Gartner [Research] for consulting, I missed the market, the vendors and suppliers, and fortunately this job kind of places me right back there.”
With an internal development role and a client-facing practice, Lynch focuses primarily on the insurance, risk financing and derivatives business, which, as a broker, Marsh cannot insure. “As part of a much bigger consulting practice we expanded our competencies so if we can’t help clients find vehicles in the capital markets, we can help them mitigate the risk.”
That calls for highly analytical work to help clients identify and measure impacts of risk and prioritize activities; a second bucket to identify solutions and options and investigate them analytically; and a third bucket to build products that actually address the risks clients have identified.
“A lot of what we do is looking at the flow of materials and the flow of cash,” Lynch says. “When we talk about the flow of information, we’re identifying risk and measurement in inventory levels [at global locations] where clients source from and mapping all sorts of threats into that.”
The sources are highly technical and call for Ph.D.s to build and support arguments, but by capturing the data and understanding more about an organization’s value chain and flows, a profile is created.
“All of a sudden, having that information gives you the ability to measure it and potentially have entities want to underwrite the risk,” says Lynch. That drives commerce and allows a company to move faster and further as a result of having a bigger security blanket if something goes wrong.
Quotable: “Being someone who works in risk, I think about issues being created by so-called 'information leaning' and the cyber supply chain threats. Risk analysts are going to have to work hard; just think about things like medical supplies and critical energy and the wars being fought.”
To read more about the 25 Top Information Managers for 2012, click here.
To view the slide show of all 2012 honorees, click here.
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