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70 Travel Risk Management Safety and Security Tips [Video]

All travel should be considered hazardous, until proven otherwise. This 70 travel risk management video set provides professional tips and advice on how to manage the threats and hazards of travel.

Ranging from the administrative processes to extreme events such as natural disasters each video is a short 2-5 minute education tutorial that will assist in reducing the risk of travel, anywhere you travel.

You will receive a unique, informative

See this article on my blog.  Includes an opinion about the number of risks faced by a typical enterprise.  A list of 115 possible risks is also referenced in the blog posting.

http://blog.sms-ga.com/the-battle-between-risks-and-risk-management/

Tom O'Connor

Salt Marsh Solutions, Inc.

The question today is, does the use of a risk framework such as the one proposed under ISO 31000 reduce risk management disputes between managers in a company?

A possible upside we look for once a risk framework is in full operation, is an improvement in the sharing of risk knowledge and business intel. It could of course go the other way as well; where the risk framework actually does more harm than good and drives bickering or discontinuity between departmental managers?

What did the G31000 foru

This week I faced the ultimate personal test of my risk management skills, where I had to soul search “do I practice what I preach as an ERM expert.”. Sunday, the night before the storm of the century Hurricane Sandy hit, I had tickets to fly to Texas as a speaker and expert on ERM. What would become of my home and family? Had I applied the same risk principles in my work as a CEO of the leading enterprise risk management software company in my personal life? Had I done put a personal business c

I am a big believer in the categorisation of risk events and while this may not be popular among many of the non-banking members of the risk community, even more so with ISO 31000 practitioners, I still believe it is an important exercise to carryout.

Either way; I have taken to list ten reasons why causal event categorisation is crucial for the operation of a sound enterprise risk management framework.

The top ten can be found at this LINK

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.

Andrew Hrdlicka answered a series of questions written by GFMI before the Model Risk Conference

In my last blog and On-Demand Webinar “Presenting Risk Management to the Board,” I was asked for help identifying government regulations that hold Boards responsible for Enterprise Risk Management (ERM) compliance.

Definition: First some background, the SEC Proxy Disclosure Enhancements rule defines ERM compliance as extending the board's role in risk oversight to the threshold of material impact of the risk regardless of the level. Boards of Directors were previously only responsible for CEO- le

Syndicated Content Originally Posted on the Numerix Blog

http://blog.numerix.com/public/2012/10/a-new-quantitative-approach-advanced-exposure-and-cva-for-exotic-and-vanilla-instruments.html

By now, we all realize that financial practitioners around the globe are facing increasing challenges when it comes to computing complex risk and credit exposure calculations for both their exotic and vanilla derivative instruments. Given all we've learned about the importance of calculating counterparty risk p

Syndicated Content from the Numerix Blog - Find Original Post Here

The first shoe to drop was government regulations holding the Board of Directors personally responsible for the effectiveness of enterprise risk management programs at their organizations. Boards are given a choice between proving their risk management programs are effective or disclosing their ineffectiveness in risk management to the public. If they do neither, it is considered fraud, as not knowing about a risk is no longer a defense.

What does enterprise risk management effectiveness mean? No

My view is that it doesn’t really matter as long as everyone involved accepts that risk is not only about the downside.  As most modern definitions of risk refer either specifically (ISO 31000) or by inference to risk being about managing the uncertainty around our objectives, it follows that risk management is about achieving and hopefully exceeding our obje

A chemical plant explosion in Japan on Sunday shows the consequences of poor risk management in a really personal way. The Nippon Shokubai Co. produces a chemical that is a critical link in the supply chain for one-fifth of all the world's diapers. A diaper shortage is expected.

One, where was the risk management program to prevent the explosion? As is always with these things, in the next 6 weeks, evidence of an employee warning their management about conditions that could result in an explosion

The National Credit Union Administration (NCUA) by mandate has added Enterprise Risk Management (ERM) and Sarbanes-Oxley (SOX) like financial reporting attestation compliance to the list of required activities for credit unions. Why has the NCUA put SOX, or financial reporting attestation, and ERM in the same ruling?

The NCUA has recognized that all regulatory compliance guidelines have required a risk assessment component, so it is only natural to require an Enterprise Risk Management (ERM) prog

Looking back over my most popular blogs, there was a lot of interest in "5 Steps for Better Risk Assessments" back in March this year. Due to this interest I have created a complimentary 25 minute on-demand video webinar on this same subject 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:

Risk managers are charged with ensuring transp

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.

Antton Barandiaran answered a series of questions written by GFMI before the forthcoming Model

Interview with Houman B. Shadab, Associate Professor of Law at New York Law School

Houman B. Shadab is an Associate Professor of Law at New York Law School. He is an internationally recognized expert in financial law and regulation whose research focuses on hedge funds, derivatives, and securitization. Professor Shadab is a director of the Center on Financial Services Law and the Editor-in-Chief of the Journal of Taxation and Regulation of Financial Institutions.

marcus evans had the privilege to

The past 24 months have seen a number of man-made and natural disasters bring risk management demands to the forefront of executives and board directors. Whether these have been natural disasters, such as the Japanese Tsunami or man-made disasters, such as the Gulf of Mexico oil spill, fat-tail disasters have created a renewed interest in enterprise risk management (ERM) practices.

Although demand for these practices and the discussion level for their use is high inside the C-suite of many corpor

Should we retrofit ISO 31000 to become the umbrella for enterprise risk management?

ISO 31000 has two key issues for integration in the enterprise. The first is an accidental creation of conflict from the ISO standards board, the other is a missed oversight on what is happening on the ground.  

In this blog we take a look at both of these problems [ Click link to continue reading ]

Risk management solutions are not a separate module or product. Instead, they compose an approach that adds value to both top-down and bottom-up activities within the organization.

Risk management is in everyone's job description and ERM is all about how to identify the aspect of risk management in every role and connect the dots automatically using the “Six Degrees of Separation Theory” that I discussed in my last blog to get right to the people who know the risk and are responsible for the risk