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Audits are essential for every organization, particularly those that adhere to stringent rules and standards. Whether done internally or by external auditors, audits entail a significant amount of time and documentation. Until software changes anything, the advantages of employing audit software are apparent.

Internal audit technology has been shown to reduce audit time by reducing the requirement for paper documents, allowing audits to be conducted in hours rather than weeks. When you realize th

This is a transcription of our interview with Tim Leech, founder and Managing Director at Risk Oversight Solutions.

You can watch the original video interview here or tune in to this episode on our Risk Management Show podcast here https://globalriskcommunity.libsyn.com/tim-leech or via iTunes, Spotify and other podcast apps by searching "Risk Management Show"

Boris: Welcome to our interview with Tim Leech. Tim is a founder and Managing Director at Risk Oversight Solutions. He is one of mover

This is a transcript of our recent interview with Frank Vukovits, Director of Strategic Partnerships at Fastpath about 

You can watch the original video interview here

Boris: Welcome to our Risk management Show interview with Frank Vukovits. Frank is a director of Strategic Partnerships at Fastpath, which is the leader in audit, compliance and security solutions for mid market companies. Frank, thank you for taking your time and coming to our interview today.

Frank: Great to be here. Thank you

This is a transcript of our interview with Aidan Parisian, VP Customer Strategy at Fastpath

Boris: Hello ladies and gentlemen and welcome to our Risk Management Show. In this episode we are talking with Aidan Parisian, Vice President customer strategy at FastPath. FastPath provides a comprehensive suit of software solutions that seamlessly empowers clients to take control of their security, compliance and risk management initiatives and integrat

This is a transcription of our interview. You can watch the original interview here

Boris: Hello ladies and gentlemen and welcome to our interview with Jared Connors. Jared is a senior subject matter expert corporate social responsibility at Assent Compliance, which is the world’s leader in supply chain data management. Jared, thank you for taking your time coming to our interview today.

Jared: Thanks for having me, always a pleasure Boris.

Boris: Thank you, this is our second interview wi

Keeping up-to-date with legal changes across multiple jurisdictions and international boundaries is a challenge for every business. This on-demand webinar explores how to keep track of only the regulations that matter to your business, and how to ensure individual sites remain compliant.

In this webinar, in partnership with IsoMetrix, you will learn:

• 7 steps to perfecting compliance management across a multi-jurisdictional environment
• How to link risk and consequence to site-

Learn about the importance of risk assessments and how the process of linking your legal requirements can bring a whole host of benefits.

What is a risk assessment?

A risk assessment is a process in which an employer, or someone competent appointed by an employer, will identify any hazards and evaluate the associated risks within a workplace. This type of risk assessment can be referred to as a HIRA (Hazard Identification and Risk Assessment). 

In many countries around the world, such as in South A

Most people fear the word audit- because most of them don’t work in auditing. When we hear that audits are going on in our company, we know that the auditors will be checking everything to make sure things are being done right. We are afraid that they may find a mistake we made and then we will get in trouble because of it. While auditing may seem like a scary process to go through, it is an essential process. Audits allow management to discover key areas of concern and highlight any vulnerabili

marcus evans will host the 3^rd Edition Operational Risk Management and Organizational Transformation for Financial Institutions Conference on September 12-13, 2018 in New York, NY. This annual conference has been one of the most anticipated Operational Risk Management meetings in the industry. This year, we bring together Operational Risk Management & Enterprise Risk Management Professionals to discuss key fundamentals for achieving the utmost efficient operational risk culture. As an expert, in

marcus evans will host the 12^th Edition Model Risk Conference on June 25-27, 2018 in New York. This conference will provide firms with practical tools to enhance infrastructure capabilities and improve model lifecycle management, in order to foster faster responses to changing regulatory demands. Attendees will explore best practices for employing advanced analytics and improving quantitative capabilities to help further optimize model validation techniques. Finally attendees will evaluate the C

GFMI will host the 11^th Edition Model Risk Conference on January 24-26, 2018 in San Francisco, CA. This 11th installment will bring together leading professionals in model risk, model validation, model governance, and in other related roles to help financial firms produce high quality models that are compliant with the regulations. By attending this conference attendees will learn how to enhance model risk management in an evolving inter-agency framework and how other firms are implementing diff

Risk Leadership: 3LoD

I saw this abbreviation, 3LoD, in a presentation the other day and it took me a few seconds before I worked out it refers to the Institute of Internal Auditors' whitepaper entitled The Three Lines of Defence. There are some very good aspects to the paper and a few I am not so keen on.

3LoD has a good summary of the different roles and responsibilities of management, risk and compliance teams and internal audit:

• Managers manage their risks by putting into place processes and s

Errors in financial models that banks use on a daily basis could lead to tremendous financial and non-financial losses. It is crucial for banks to understand how they could minimize and manage model risk effectively. In addition, the OCC and the Federal Reserve have recently released new guidelines on model risk management, which will significantly modify their existing model risk management practices.

Vilen Abramov, Vice President, Model Risk Control at KeyBank answered a series of questions wr

The past three years have seen a number of man-made and natural disasters bring risk management demands to the forefront of executives and board directors. Fat-tail risks that have a low probability, but a very high impact to the organization, such as the Japanese tsunami, the Gulf of Mexico oil spill or the euro-zone liquidity crisis, have been front and center, creating a renewed interest in enterprise risk management (ERM) practices.

John Brown, Director, Risk Management, Supply Chain & Techni

I just read an article in a newsletter published by the Macquarie University natural hazard research group, Risk Frontiers, discussing the case of the six Italian scientists and a government official who were found guilty of manslaughter for "failing to adequately communicate the level of risk" regarding an earthquake swarm. Their conclusion - "A need for separation between the roles of scientists and that of authorities responsible for civil protection is strikingly clear. Scientists need to be