Steven Minsky's Blog – November 2013 Archive (3)

ERM for Retail Risk: An Early Stocking Stuffer

With Halloween behind us, the calendar turns to the most critical part of the year for Enterprise Risk Managers in the retail industry. An operational risk failure at this time of year can result in millions of dollars in losses, and it’s as important as ever to manage the reputational, strategic, and supply chain risk that will make or break a holiday season.

With that in mind, our friends at the…

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Added by Steven Minsky on November 18, 2013 at 5:30pm — No Comments

OCC Stresses Importance of ERM in Vendor Management

On October 30, 2013 the Office of the Comptroller of the Currency (OCC) published a bulletin to the CEOs and CROs of all national banks stressing the need for an enterprise risk management approach to vendor management. In the bulletin, entitled, …

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Added by Steven Minsky on November 11, 2013 at 5:00pm — No Comments

How to Effectively Monitor Risks and Controls: Testing vs. Metrics

In today’s organizations, risk managers are tasked with the responsibility of effectively monitoring risk.  They need to know what to monitor and how to determine if mitigation activities are effectively preventing risks from materializing. Traditionally, organizations evaluate…

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Added by Steven Minsky on November 7, 2013 at 3:30pm — No Comments

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