are and what you do... Have fun.
So feel free to get involved and say hello to your fellow group members - we want to know more about YOU!
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Dear GlobalRisk Community member, Our community’s mission is to foster business, networking and educational explorations among members. Learn from some of the top experts in the industry as they clearly explain how to approach the most important Risk management concepts. Check out their expert tips and use the link at the end of each article to navigate back to the website to leave your comment or ask a question. Some of the topics include: How do you Explain Risk Appetite? How to Prepare a…
Read more…I have just published a guide on PEPs screening requirements around the world and would like to know if anybody has any feedback on it? https://complyadvantage.com/blog/politically-exposed-persons-peps-screening-requirements-around-the-world/CA-PEP-Screening-Map-FINAL-V7 (1).jpg
Read more…We created a free presentation (attached), which discusses both global and organizational impacts of the COVID-19 pandemic, along with critical actions organizations should take immediately. This presentation introduces a framework that helps regions and organizations navigate a path to recovery via 9 potential scenarios. These scenarios capture outcomes related to GDP impact, public health response, and economic policies. The presentation also breaks down 6 immediate and critical actions…
Read more…Now that the updated COSO and ISO risk management standards emphasize a connection to enterprise objectives and decision making, does this mean ERM and GRC solutions focused on risk registers and regulatory compliance are missing the true value of risk management?Will current risk management solutions evolve to integrate more decision support functionality or will standalone prescriptive analytics and other technology solutions take a more prominent role in enabling risk-informed…
Read more…We have an interesting question from one of our members. "We usually perform OTC FX transactions with clients backed-to-back on the market (with Banks). Now we are going to perform a FX swap (i.e. Spot + forward) JPY/EUR for the Bank account for 1 week at the longest. The purpose is to get EUR place @ CB for LCR compliance purpose (no trading purposes). Bank's Management think that this should be considered as a trading position and therefore be classified within the Bank's trading book.…
Read more…The recent sudden crash of oil prices has had a major impact on the world economy, leading to many troubled faces in the international arena. The Russians fear the effects of yet another powerful hit on their economy, Venezuela seems to be considering default and the Americans are weary of the consequences for its young and emerging shale oil industry. And then you have the Middle East, where the smallest match is enough to ignite the largest fire. But are these worries really justified or…
Read more…
Replies
Boris, thank you for the opportunity to introduce myself. First, I am a risk and compliance consultant focused on how to incorporate behavioral science, decision management, risk analytics and operational risk into a multidisciplinary practice to improve how organizations manage enterprise risks. http://globalcomplianceassociates.com
Secondly, I manage the largest knowledge base of risk and compliance (GRC Vendors) on the internet. TheGRCBlueBook.com has researched over 900 global risk and compliance platforms dedicated to supporting the challenge of capturing and managing risks. This database of risk databases covers industries from healthcare, aerospace, retail, energy, financial services, shipping, transportation to manufacturing and beyond. It is quite simply the most comprehensive vendor and resource database on the web. AND its FREE to its members. http://thegrcbluebook.com
My passion and mission is to broaden the narrative of risk management by bridging the gap between the Art and Science of risk management. Taking a cue from Steve Jobs, I work at the cross roads of the liberal arts and science of managing risk. I believe that diverse risks require diverse solutions and more importantly there must be an understanding of the interrelationship of risks across the organizations. I do this work by focusing on how decisions are made within an organization. Decision making is the least understood factor in risk management and contributes to 80% or more of all corporate failures or avoidable catastrophic losses within firms. The failure to understand the role decision making has on organizational success and failure is a missed opportunity. http://riskluminosityseminars.com
I am a member of the Society of Risk Analyst, Academia.org, a former contributing author for Compliance Week and Corporate Compliance Insights and a 20+ year veteran and Senior Vice President of several top tier financial services firms. My consulting practice is a small boutique catering to professional services firms, risk managers, corporations and small non-profits seeking insights in trends on risk management.
I look forward to getting to know the members of Global Risk!
I wish to introduce myself and my company and appreciate this opportunity. Perhaps we can be of assistance at some future date. We assist the Risk Management sector with regards to standards of performance, governance and verification.
We believe customers want control and flexibility over their initiatives such as employee development, as consumers of B2B & B2C products and services that is what we look for, so we built a Cloud Tool that places no stress on IT or IT resources of our customer and runs on desktops, laptops and mobile devices, the latter integrated using the Puffin browser.
QuizzPoint enables employee development, training and verification to drive performance improvement; the system identifies knowledge, determines understanding, gathers feedback and pinpoints gaps... doing so from an easy to use dashboard with graphic display of a full suite of reports... It is easy and cost attractive.
http://www.quizzpoint.com
Your Input Is Welcomed
Paul Anthony Bernard
pab@quizzpoint.com
Hi Boris and Everyone, it's always good to learn and feel the passion from like minded peers so firstly, many thanks for all the teachings I receive regularly from members.
Secondly, a little about me, lot's of experience managing and leading international organisations out of UK, Europe, US, Australasia and Asia. Ten years ago I became fascinated with (for me) a new way of leading/managing my company and to cut a very long story short I worked out a way of increasing the overall performance of the company by using 'risk management' technique in every sector of the business. Running the company by using such methods was very alien to me at the time but I found the process very interesting and exciting not to mention successful.
The business went from strength to strength, in fact I became so excited with the results I sold the business several years ago and then spent 100% of my time developing a real time integrated software program to facilitate any type of business in any industry identify, control and manage their operational and material challenges throughout any size enterprise.
By using the developed process I'm now helping major business's in Australia identify, control, mitigate and manage their business risk in real time, thereby substantially reducing their rate of incident.
I'm very excited about the future of our chosen subject and can only see the profession going from strength to strength!
Regards to all, Grant
Hi Boris and Everyone, it's always good to learn and feel the passion from like minded peers so firstly, many thanks for all the teachings I receive regularly from members.
Secondly, a little about me, lot's of experience managing and leading international organisations out of UK, Europe, US, Australasia and Asia. Ten years ago I became fascinated with (for me) a new way of leading/managing my company and to cut a very long story short I worked out a way of increasing the overall performance of the company by using 'risk management' technique in every sector of the business. Running the company by using such methods was very alien to me at the time but I found the process very interesting and exciting not to mention successful.
The business went from strength to strength, in fact I became so excited with the results I sold the business several years ago and then spent 100% of my time developing a real time integrated software program to facilitate any type of business in any industry identify, control and manage their operational and material challenges throughout any size enterprise.
By using the developed process I'm now helping major business's in Australia identify, control, mitigate and manage their business risk in real time, thereby substantially reducing their rate of incident.
I'm very excited about the future of our chosen subject and can only see the profession going from strength to strength!
Regards to all, Grant
Hello. My name is Andrew Miller. I am the Development Director for the Spencer Educational Foundation. The Foundation's mission is to fund the education of tomorrow's risk management and insurance industry leaders. Founded in 1979, the Foundation has awarded more than $4.7 million in scholarships and $2.2 million in grants.
I have been with the Foundation since April 2012 and have 20+ years of marketing/communications experience working in a variety of industries and settings.
I am interested in establishing long-term relationships with individuals and companies who are interested in investing in the future of the industry.
I was pleased to find this community and even more so to become a part. I am the Managing Director of QuizzPoint (training, testing, verification, communication Cloud resource in Real Time). The largest portion of our customers have come from, regardless of industry, are those that carry or have significant Risk Management responsibilities for their organizations.
I have just begun to look around the community and identified this subject that should be my first to engage. I hope everyone has a safe and happy holiday and I look forward to becoming active.
Hi, This is Bishwajit. I am a banker of about 30 years standing with exposure to front and back office function. I have been managing Internal Audit in three different banks in equal number of countries in Asia (including GCC) and Africa. Currently heading the operations of a bank with additional responsibilty of Trade Finance, Alternate Channels, BCP, Treasury Back office, etc. I have reasonable experience in risk management though the implementation of enterprise wide risk management in organisation and also conducting risk based audits in banks. I have service level KPI for back office and BCP, and business KPI for trade Finance.
I have been into system implementation for a reasonable amount of time and have good at business - IT alignment, managed teams with diverse business needs, handled integration of teams after a national level merger of local banks with internaltional one. As an auditor have been fixing the broken processes and controls. So with reasonable exposure in managing people, process and systems think now ready to take the next step.
Hello Everyone!
I have 14+ years as a strategic marketer working with a variety of clients from local to international clients. In the "good ol days" I managed marketing budgets of $500,000 and up. While most marketers do not get a chance to develop the products they market I had an opportunity to work with an international client and took a $175.00 "Boxed Kit" and turned it into a full program offering for $65,000. This experience has helped me approach marketing well beyond the product in front of me to all "audiences" involved from the actual client and the various c-level goals to the end-user needs, including marketing benefits for them to use to acquire a bigger share of the market place.
It's like a giant playground for me. I thrive on ideas and success....my clients and mine...it's a great combination for what I do...and I LOVE what I do!
I now find my client base is comprised of highly gifted and experienced people that are ideal contacts for this group. I greatly enjoy making connections for people and welcome anyone who has a specific need to contact me and I'd be more than happy to see how I can be of service. No strings attached...It's just the right thing to do!
Greetings all and I hope that you are enjoying the holiday celebration(s) of your choice this season!
It is an honor to join an esteemed community of global risk professionals and I hope to make a contribution to the furthering of the many discussions I have had the pleasure of reading and this profession called risk management. Let me start by introducing myself and the focus of my risk practice.
As the president of TheGRCBlueBook, http://thegrcbluebook.com, my first passion is to get as many risk and compliance professionals from around the world to participate in a free community project to educate and inform our peers in risk management and compliance with building the world's largest global database of risk tools and services. This database includes GRC vendors, consultants, services, and other applications for risk and compliance managers in managing their own risk programs whether you work in healthcare, financial services, energy, trucking, maritime, aeronautics, law enforcement, and a variety of other industries that you may have not been aware of who used technology to manage risk. More about that later or you can visit the website above to find out more now.
Secondly, I have decided to devote my consulting and risk practice to a relatively little known corner of risk management called "Decision-Making under Uncertain Conditions." The founding fathers of this risk practice represent a long line of Noble economists who have re-revolutionized the "rational man" concept. Dan Kahneman and Amos Tversky, two psychiatrists, who founded the practice by challenging the rational man conceptual framework [19th century economics] that man is capable of analyzing all of the possible outcomes and determining the most logical path to the correct decision. Their practice and research led to Noble Laureates in Behavioral Economics or more fundamentally called Decision Science. I plan to introduce these concepts to this community over time to explain how it works and the new approaches being used to manage risk management more effectively. I hope that you find this work refreshing and that it opens a new avenue to thinking about how to address age old problems such as fraud, internal controls, and the understanding of uncertainty and its related but distance cousin, risk.
"Concepts which have proved useful for ordering things easily assume so great an authority over us, that we forget their terrestrial origin and accept them as unalterable facts. They then become labeled as 'conceptual necessities,' 'apriori solutions,' etc. The road of scientific progress is frequently blocked for long periods by such errors. It is therefore not just an idle game to exercise our ability to analyze familiar concepts, and to demonstrate the conditions on which this justification of their usefulness depend."
-Albert Einstein
Hi everyone,
This is Elvis Nchotu from Cameroon in West Africa. I am an IAPDA Certified Debt Specialist with over 06 years of uninterrupted experience in the Collections and Legal Affairs Department of the Banking sector. I recently created FACTS & FACTORS Cameroon to handle Debt Collection issues for banks and other businesses within my country. The company also handles inbound debt collection and investigations assignments from foreign companies and partners and sends outboud files for collection outside of Cameroon and West Africa. My interest is in creating new contacts within this scope of activity and to exchange experiences. I hope to bring the Africa view of things for our common nourishment.