Risk management in large financial institutions has long been treated as a defensive discipline—something designed to prevent failure rather than enable success. Yet in an environment shaped by volatile markets, rapid digitization, regulatory scrutiny, and shifting client expectations, risk has become inseparable from strategy itself. For global asset managers such as Fidelity International, the question is no longer whether risks can be avoided, but how they are understood, governed, and deliberately taken in pursuit of long-term value.