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For me, founding NorthRow wasn’t just about the business opportunity, but a chance to make a difference to the devastating effects that fraud and other forms of financial crime can have on individuals and companies.

Witnessing the corrosive effect of fraud on a family business was a key inspiration and I’ve embraced the opportunity to use my background in software, data and business to found a venture that now digitally transforms clients’ onboarding and monitoring processes, helps prevent fraud

When SAI Global founded Compliance Officer Day in 2016, we were in the midst of significant changes to the compliance discipline and the roles of the professionals dedicated to it. The speed the industry has evolved since can be surprising even to those closest to it. 

With changing regulatory obligations and shifting societal expectations, the role of the compliance officer has become a multi-dimensional challenge. Not only has the skillset of compliance officers grown in tandem with the velocit

In short, yes. It doesn’t matter who you are or where you sit in an organization, EVERYONE is responsible and accountable for risk-based thinking.

Businesses today face increasing levels of complexity and risk. Organizations are under pressure to deliver profitable business outcomes while operating in a socially and environmental responsible way. 

According to a study conducted in 2019 by the American Institute of Certified Public Accountants, 59% of respondents perceived a significant increase in

This is just a quick reminder to share with you about the VIP invitation to the Mastering Operational Risk Course  http://globalriskacademy.com/courses/orm

We've got many questions about this course so I wanted to answer them here before we run out of the 100 licenses limit for the RISKID tool for this year.  

 

Q: “Does this course include only theory?”

A: Absolutely not. You will learn many practical skills which you can apply immediately, for example, on how to conduct RCSA or Risk Self As

On company’s risk dashboard, the signal for operational risk should be flashing red. Over the past ten years, losses from operational risk have soared. Companies that want to achieve a sustainable and profitable business need to focus on building a framework to manage operational risk.

What Is Operational Risk?

Operational risk summarizes the risks a company undertakes when it attempts to operate within a given field or industry. Operational risk is the risk not inherent in financial, syste

With FCPA enforcement rising and 75 percent of foreign bribery schemes executed by third parties, outsourcing can create regulatory and reputational risks that should not be ignored.
Make a business case to your senior leadership to get the budget you need and prove the ROI of an efficient, automated third-party risk management system.

This white paper will help you demonstrate how your third-party risk management system should:
• Align to legal & regulatory guidance
• Break down departmental bounda

As you likely know, GDPR (the EU’s new General Data Protection Regulation) takes effect in May 2018. Are you ready? If your organization stores or processes EU citizen or resident personal information – any information that can be used to directly or indirectly identify someone – you need to know about GDPR.

But did you also know you that you are responsible for the personal data managed by your third-party vendors? Enterprises are responsible for the EU personal data managed by their own third p

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It has been my pleasure to work with William G. Ferrell, CIO of Ferrell Capital Management to produce a new online course "From Asset Allocation to Risk Allocation".  This course provides valuable insights into a new paradigm for managing investments - based on dynamically monitoring statistics related to Risk, rather than simply creating a diversified portfolio and hoping for the best.  Bill uses the analogy that this is like using Doppler Radar rather than the Farmer's Almanac to predict the w

Watch the Module 1 of our brand new course Mastering Credit Ratings: The Ultimate Guide to Becoming an expert (in 5 hours) which is available for a complimentary preview.

In this module we discuss the classification of rating systems, the architecture of internal rating systems including operating design and uses of internal risk grades.

To study the Module 1 of the course, just scroll down to the Curriculum section and click on the Preview button next to the Module 1 via the link below.

Mast

This article is contributed by William G Ferrell, CIO of Ferrell Capital Management and the author of a new course on Global Risk Academy - "From Asset Allocation To Risk Allocation"

Risk Allocation

Since Harry Markowitz introduced Modern Portfolio Theory in 1952, Asset Allocation has been accepted as the standard for investment portfolio construction.  Based on historical behavior and individual predictions, managers make return and risk forecasts for categories of investments and combine them

In his book, “The Wisdom Chronicles: Competing to Win”, Dr. Ted Marra made the point that the success of virtually all organizations comes down to the relentless focus on a vital few factors. The unfortunate truth is that most senior executives are clueless about what they are.

Dr. Marra agreed to offer his book 'The Wisdom Chronicles: Competing to Win' for complimentary download for members of Global Risk Community (it is a short book) via the following link: https://mediaexplorers.lpages.co/co

Current research suggests that traditional risk management practices involving risk registers and software packages like Microsoft Excel might not be very effective anymore. Events over the recent years, e.g. 9/11, the financial crisis, or the nuclear disaster in Japan, have shown us that current risk management tools are insufficient to cope with (future) undesirable events.

Effective risk management is mainly about people and communication. Hence, we may need a more “human” approach to managing

Dear GlobalRisk Community member,

We’ve collected really useful resources such as guides, white papers, webinars and tools. Remember, you only have to enter your information ONCE... after that, just enter your email address and you can download as many as you want. Since some have limited availability, I recommend you download the ones you are interested in immediately. Please let us know what topics are of your most interest and we will deliver them to you.

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