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Risk Leadership: My Must Dos for Business Continuity Management

Thanks to Rita for getting me moving on a Business Continuity article.  A topic I have neglected in this newsletter for quite some time.  Perhaps it is because I feel Business Continuity Management (BCM) as a discipline has developed nicely over the past couple of decades and most practitioners don’t need too many tips in this area. 

Once I got thinking about it and had a chat to another of my readers (thanks Greg) it made me realise

I want to thank whomever is responsible for choosing me as a featured member for this month.

While new to this group, I am not new to the risk management community.  For a number of years I was an entrepreneur with several start ups.  I based my leap into entrepreneurship on 13 years on the business side of four major newspaper in Des Moines, IA, Chicago Tribune, Charlotte (NC) Observer, and Memphis (TN) Publishing Company.  Rising through the corporate ranks to the executive suite at a young ag

Businesses began with Enterprise Risk Management (ERM) from the dawn of civilization. The first businesses were small and therefore one person knew all their customers, suppliers and processes. They knew all the risks within their business how they were connected to affect their business goals, which made it easy to manage both the upside and downside “impact of uncertainty on objectives”.

However, as the size of organizations grew in the industrial age, everyone became a specialist and groups of

The GFMI Trade, Commodity and Supply Chain Finance: Liquidity, Funding and Risk Conference, June 10-12, 2013 in New York, NY will help banks and trade finance firms gain a profitable funding structure under Basel III.

Join speakers from Citi, IFC, HSBC, Deutsche Bank, BAFT IFSA, Bank of America Merrill Lynch, Santander, Wells Fargo, Standard Chartered Bank and many more.

This high-level, intimate event will allow attendees to understand the impact of Basel III across all financing business lines,

Funds transfer pricing is under increasingly sharp focus. Financial institutions need to respond to Basel III, as well the Dodd-Frank Act in order to change the way their liquidity is managed and regulated. The efficiency, with which banks adapt their business strategy and their FTP model, will be a deciding factor in the future profitability of core product lines.

Christian Pichlmeier, CFA, Senior Vice President, Corporate Treasury, Institutional Clients Group at Citi answered a series of questi

When listening to the presenters on the “Portfolio Optimisation & Quantitative Investment Summit” at the Global Derivatives Trading and Risk Management event in Amsterdam one could draw such a conclusion.

Another is: “Do not worry!”, because, not least due to the 2008 crisis, risk management models and portfolio construction models have evolved and still allow for a decent return when managed thoroughly and correctly.

Some of the themes that emerged were around the construction of alpha-generating

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

Federal and state regulatory compliance requirements have grown exponentially and touch all operational areas. Compliance has become very complex and expensive with extensive new regulations, multiple overlapping information sources, and operational impacts that are difficult to identify and track. Financial Institutions typically manage compliance workflows manually, which is difficult in multiple branch or interstate operations, and across multiple lines of business. As a result, compliance an

What the Great Wall of China can teach us about Vendor Risk Management

A vendor risk management approach is all about creating centralized standards that transcend business silos, which is very different from the approach taken in traditional vendor management software. Vendor management needs tools with a risk-based approach to overcome their difficulty of objectively putting the vendor compliance pieces together across legal, purchasing , security reviews, and accounts payable silos for contrac

Properly stress testing measures of risk is a complicated activity that few companies have done well. In this blog we take a look at a complete framework for stress testing.

The spreadsheet map can be downloaded from this [LNK]

Risk management is not about absolutes, it is about using a consistent analysis framework for balancing risk and cost on a common basis across the enterprise. Yesterday's announcement by the Transportation Security Administration (TSA) of their adoption of a risk-based approach is a long awaited practical application of enterprise risk management to security.

As April 25, 2013, the TSA will allow small pocketknives and an array of sporting equipment -- banned from aircraft cabins in the wake of t

Those of us interested in EU risk regulation may be interested in the Action Plan that the European Risk Forum (ERF) issued a couple of months ago. The ERF Action Plan builds on and integrates the Commission Smart Regulation agenda, covering issues such as the EU Law on Administrative Procedures; public consultation, impact assessment and regulatory benefits; the role of the Commission’s Chief Scientific Advisor; and the application of the precautionary principle. 

The ERF is a think-tank committ

Financial institutions have to optimize ‘Risk – Return’ and diversify their portfolio. The next presentation of a study illustrates the power of Gold as one of the best asset classes to optimize ‘Risk – Return’ in a given portfolio.

Just widen your knowledge about monetary gold by examining the next presentation I gave on June 19 2012 as a 'Johan de Witt Lecture' before 60 in gold interested actuaries of the Dutch Actuarial Association (Actuarieel Genootschap, AG).

The Dutch Actuarial Associat

Looking back over my most popular blogs, there was a lot of interest in 5 Steps for Better Risk Assessments and How to Consolidate Compliance Risk Assessments. Due to this interest I have created a complimentary 30 minute webinar on streamlining enterprise risk assessments complete with detailed "how to" examples and visuals that are not possible in a blog format.

Click here to watch this On Demand Webinar or read the full invitation below:

On-Demand Complimentary Webinar Invitation:

Organizations

Social Media for Security and Risk Management Professionals

Everything you NEED to know

[Webinar]

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Social media is a growing influence on businesses and executive management.

Do you know they key issues affecting your business and how social media plays a role? 

This webinar is aimed at security and risk managers to help them quickly understand the issues, concerns and opportunities that social media presents.

The session will cover:

• What social media really is for businesses
• The big ones to be

Crisis Management and Leadership Education Tutorials

[Video]

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Exclusive, professional video training series includes over four and a half hours of content. Resulting from years of experience, writing, leading and managing crisis management teams, I have put together this unique training package covering all the essential elements of effective crisis leadership and management.

The video training includes: