The risk manager must be well versed in the risk management process and be able to effectively communicate and lead the processes within the organization to mitigate exposure to business risks. In support of this he must have a good understanding of the environment and community served by the organization, the operations of different units and relationship between different levels of the organization.
Meanwhile, productivity improvements in some countries and a competitive world environment are lowering the prices for some consumer goods, communications services, and computer equipment. All of these forces are causing significant movement in the exchange rates of key currencies, including a sharp appreciation of the Canadian dollar against the U.S. dollar over the past couple of years.