Key-Person Risk

𝗠𝗼𝘀𝘁 𝗯𝘂𝘀𝗶𝗻𝗲𝘀𝘀𝗲𝘀 𝗜'𝘃𝗲 𝘄𝗼𝗿𝗸𝗲𝗱 𝘄𝗶𝘁𝗵 𝗵𝗮𝘃𝗲 𝘁𝗵𝗮𝘁 𝗼𝗻𝗲 𝗽𝗲𝗿𝘀𝗼𝗻

ยท Business

They know why month-end runs in that order and which report you never run on a Friday afternoon. They haven't taken more than a week off in years, and everyone is quietly relieved about that.

They are not the problem. They're usually the most loyal person in the building.

๐—ง๐—ต๐—ฒ ๐—ฝ๐—ฟ๐—ผ๐—ฏ๐—น๐—ฒ๐—บ ๐—ถ๐˜€ ๐˜๐—ต๐—ฎ๐˜ ๐˜ƒ๐—ฒ๐—ฟ๐˜† ๐—น๐—ถ๐˜๐˜๐—น๐—ฒ ๐—ผ๐—ณ ๐—ถ๐˜ ๐—ถ๐˜€ ๐˜„๐—ฟ๐—ถ๐˜๐˜๐—ฒ๐—ป ๐—ฑ๐—ผ๐˜„๐—ป.

The business rules sit in code nobody reads. The workarounds sit in their head. The fix from that incident three years ago never made it into a document.

๐—ง๐—ต๐—ฎ๐˜โ€™๐˜€ ๐—ฎ ๐—ฏ๐˜‚๐˜€๐—ถ๐—ป๐—ฒ๐˜€๐˜€ ๐—ฟ๐—ถ๐˜€๐—ธ
And it doesnโ€™t take much to turn it into a real problem: a resignation, a long illness or a family emergency will do.

Solving this is usually less dramatic than it sounds:
- Turn the rules into automated tests that run every time the system changes, not just a Word document nobody updates.
- Have someone shadow them on the next change, before the next crisis.
- Find the jobs that only happen because they remember to do them, and make the system do them instead.

None of this replaces them. It just means a holiday stops being a risk event.

If you are that person, this isn't a criticism. You're probably the one who would most like a proper holiday.

If your business depends on that one person, happy to talk through how to make your systems less dependent on them.

Graphic headed โ€œWhen your system expert is out of officeโ€ with the subheading โ€œKey-person risk in financial systemsโ€ and the line โ€œIf the system only works when one person is here, thatโ€™s a business risk.โ€ A city bus shows โ€œOUT OF OFFICEโ€ on its destination sign. At the bus stop, a checklist shows core systems, data and reporting, and compliance ticked, but the system expert box is empty. Faint dashboards in the background cover payments, reconciliations, regulatory reporting and client data. Dark Arts logo and darkarts.it at the bottom.