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How often do you publish a formal risk report?

Started Oct 13, 2012 0 Replies

How often do you publish a formal risk reportMost risk reports are not only collated from historic "unclean" data, they are also only published monthly, that is 28 days too late; by the time these…Continue

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Risk Culture Builder posted blog posts
Tuesday
Risk Culture Builder posted a blog post
Apr 7
Risk Culture Builder commented on Risk Culture Builder's blog post 'If you want to stay in business in 2017, start managing risk.'
"I agree COSO is still relevant, but following just that is not a guarantee or a confirmation of good risk management."
Apr 4
Joseph Ezenwa commented on Risk Culture Builder's blog post 'If you want to stay in business in 2017, start managing risk.'
"Risk management is crucial for survival of an organization.I think enterprise risk management- COSO framework is still relevant."
Apr 4
Joseph Ezenwa liked Risk Culture Builder's blog post 'If you want to stay in business in 2017, start managing risk.'
Apr 3
Cristian Oanea liked Risk Culture Builder's blog post 'If you want to stay in business in 2017, start managing risk.'
Mar 28
Joseph Ezenwa commented on Risk Culture Builder's blog post 'Why Risk Culture Building should be the most important item on the Board Agenda'
"Great!The abuse of principles of good corporate governance and ethical dilemmas have resulted to failures of some banks in the past.I believe creating a good ethical climate will reduce to barest minimum some unethical practices that can cause major…"
Nov 15, 2016
Risk Culture Builder posted blog posts
Nov 10, 2016
Risk Culture Builder and Boris Agranovich are now friends
Nov 10, 2016
Risk Culture Builder posted a status
"So, the AMA for ORM in Banks will GO? What do you think? http://www.bis.org/press/p160304.htm"
Mar 6, 2016
Risk Culture Builder commented on Calvin Lee's blog post 'Traditional risk management doesn't work'
"No two people will respond the same way to a situation of risk, the way any person responds to risk is influenced by a number of factors, the main ones are: • Nationality & culture• Childhood experiences (and formative environment)…"
Mar 6, 2016
Risk Culture Builder commented on Calvin Lee's blog post 'Traditional risk management doesn't work'
"Now BCBS also sees that, it's not about the models! http://www.bis.org/press/p160304.htm"
Mar 6, 2016
RUFRAN C. FRAGO commented on Risk Culture Builder's blog post 'TRANSFORMATION IN RISK MANAGEMENT'
"@Richard,   Need is the mother of invention. We hear this every now and then and this adage reminds me that "need" is a form of discontent. One is not satisfied of status quo and thus; would pursue a change. If a risk professional is…"
Jul 15, 2015
Richard Cross commented on Risk Culture Builder's blog post 'TRANSFORMATION IN RISK MANAGEMENT'
"Thanks Rufran for your input. It certainly elaborates the timing of the risk event. Could you perhaps comment on the question about how we pursue, how we provide value in, how we evolve the practise of... managing risks. Thx."
Jul 14, 2015
RUFRAN C. FRAGO commented on Risk Culture Builder's blog post 'TRANSFORMATION IN RISK MANAGEMENT'
"The contemplated risk now, is the risk of dying..."
Jul 13, 2015
RUFRAN C. FRAGO commented on Risk Culture Builder's blog post 'TRANSFORMATION IN RISK MANAGEMENT'
"Well, I hate to put it on the table of discussion once more but the forest fire is no longer a risk.   It is already a problem. If it remains uncontrolled, and unmanaged, it becomes an issue. The animals scampering to safety are all driven by…"
Jul 13, 2015

Profile Information

Tell us more about who you are, what you do and where you want to be. What are your main business challenges? (Tip: provide your current Job Title, Industry, company or/and paste your Linkedin profile here). Use as many relevant keywords as possible. Tell us what you can offer the community. What sorts of discussions, events, and activities you can participate in.
An ineffective risk management process serves no purpose and can significantly impact the financial health of any organization. As a non-revenue generating department, you are often asked to quantify your value and substantiate your budget requirements.Most organisations have to re-focus Risk Management in the aftermath of the global crisis and it is best to have an “outsider” to facilitate this process and bring a fresh perspective to the table.

My 1-Day EXECUTIVE MANAGEMENT RISK THINK TANK Workshop will review the requirements and key elements of an effective risk management program, including leadership support, strategic planning/direction and proactive risk mitigation strategies to build sustainable competitive advantage. You will gain ideas, concepts and tools that will help you to demonstrate how your program can be enhanced to incorporate the elements of an effective risk management approach, good risk governance and deliver an embedded Risk Management Culture.

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Risk Culture Builder

I am a dedicated Organisational Risk Management intelligence strategist and people risk mitigation expert who is passionate about organizational capacity building and development of talent. I have excellent executive management skills acquired in a number of highly focused executive and senior management positions in industry leading international banks. 30 years of adding value, pioneering new concepts and ideas and working for extensive periods in four different countries.Risk Management Consultancy services with a difference! my approach is based on constructive demolition—breaking down the silo’s within risk management that restrict effective risk mitigation and building the bridges that increase effectiveness to ensure sustainable competitive advantage.

Risk Culture Builder's Blog

Dead is the 3LoD!

Posted on April 25, 2017 at 12:13pm 0 Comments

We have to move on from this 3-lines-thinking, it is outdated, every employee is a risk manager and must manage the risks associated with his or her job on a daily basis, in an effective Risk Culture there is no need to "defend" it is just optimised risk management and taking more risk to get more reward and build sustainable competitive advantage. Those who are not good or do nothing to build an effective Risk Culture, will just be exploited by those who are better.

Flashes of Risk Culture #14

Posted on April 7, 2017 at 10:44am 0 Comments

If you want to stay in business in 2017, start managing risk.

Posted on March 25, 2017 at 10:17am 2 Comments

So many lists of the Top 10 risks for 2017 floating around and we are already in March! Everyone seems to do the same study and get different results! No wonder we are not getting anywhere with Risk Management. Maybe we should now make a "master"​ list of the top risks from each study and then do another survey to see if that is a good list. Every organisation must have their own list of top risks... and DO something about it, lists means nothing, ACTION is everything. Those who are…

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