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Networking can be intimidating even to the most seasoned business people. It’s especially daunting when you don’t know anyone at the beginning of your career, or you’re starting out in a new industry (or country!) completely from scratch. But in today’s competitive business environment, the best opportunities often come to us from the people who already know and trust us. Without a solid professional network in place, you could miss out on these opportunities.

But how do you start building that p

The Center for Financial Professionals interviewed Jimmy Yang, MD, Credit and Operational Risk Analysis at BMO Financial Group to address the best ways financial institutions can leverage IFRS 9 methds when working towards CECL implementation.

Jimmy, can you tell us about yourself and your professional experiences?

I have been in the banking quantitative risk management business for close to 20 years now. I am currently the managing director that is responsible for the Bank of Montreal Credit and

Enterprise Risk Management (ERM) is an approach prescribed to manage and balance organization's risk with their objectives. It looks to provide a strategic overview of an institution and their risks. Since the global financial crisis, institutions were criticized for their apparent siloed approach to risk management, failures to bring each area together for a holistic overview of risk to manage within its risk appetite. ERM provides a central risk function to improve an institution's coordinatio

https://www.onspring.com/blog/7-vendor-management-tips-for-startups

Expert Chuck Brooks Offers A Cybersecurity “Cheat Sheet” For The C-Suite

Chuck Brooks: VP of Government Relations and Marketing, Sutherland Global Solutions

The Internet was invented in a government laboratory and later commercialized in the private sector. The hardware, software, and networks were originally designed for open communication. Cybersecurity initially was not a major consideration. That mindset has surely changed

What is Domestic Political Risk?

Political risk refers to conditions and events that affect organizations and result from governmental decisions. It can have major effects on the profitability/expected value of economic action. Political risks impact individual investors, public and private companies of all sizes, and governments.

Starting in 2016, political risk seemed closer to home after the United Kingdom (UK) voted to leave the European Union (EU), often referred to as Brexit, causing instant

Risk management is ultimately about creating a culture that would facilitate risk discussion when performing business activities or making any strategic, investment or project decision.

In this free book, Alex Sidorenko and Elena Demidenko talk about practical steps risk managers can take to integrate risk management into decision making and core business processes. Based on our research and the interviews, we have summarised fifteen practical ideas on how to improve the integration of risk manag

Couple of weeks ago I was very fortunate to get to Malta and host one of the roundtables during the FERMA risk seminar. I am very thankful for the opportunity because the experience of brainstorming for 45 mins with the representatives from various small and medium enterprises (SMEs) really highlighted some major problems with modern day risk management and risk managers.

Here are three things that I think all of us could learn from managing risk at SMEs:

A. SMEs simply can't afford to waste time

Confronting the Tyranny of Management by Numbers: How Business Can Deliver the Results We Care About Most

Enrique R. Suarez

Business Strategy and Management Consultant

suarezenrique@yahoo.com

According to professor Thomas Johnson, it’s easy to talk about the changes wrought by today’s global economy. But most such discussions fail to address the real impact of business practices in the twenty-first century.

The growth of industrial societies during the past 150 years – and particularly the aggressive

In their book In Search of Excellence, McKinsey consultants Tom Peters and Robert Waterman found 8 common themes which they argued were responsible for the success of 14 identified companies of “excellence.” The framework is known as the 8 Attributes of Management Excellence. The research and theorizing of this framework was based on the McKinsey 7-S Model, also authored by Peters and Waterman.

The 8 attributes are:

• A Bias for Action
• Close to the Customer
• Autonomy and Entrepreneurship
• Productivity th

This white paper is intended for readers who are familiar with Business Continuity Management (BCM) and Disaster Recovery (DR) and the processes to develop and manage related policies, standards and procedures.  The purpose is to provide guidance to the effective implementation and maintenance of resilience and disaster recovery capability of IT systems, and is applicable, by scaling, to all sizes of business organisation. A full copy of the paper is at http://www.austinriskconsultants.com/downl

IMPACT 2016 has come and gone, and risk practitioners from across the United States and Europe were thrilled with the results. IMPACT 2016 was differentiated by the passion behind real customer stories, all shared with actionable takeaways. Topics included third-party risk management, performance integration, cybersecurity, and reporting to the board.

LogicManager’s annual ERM community conference was a breeding ground for new ideas and best practices, drawn from a broad range of industries. We’r

Author: Richard Pike, Non Executive Director, Permanent TSB

“Without data you’re just another person with an opinion” W Edwards Deming, Data Scientist

This is a very true statement, however it can equally said that too much data with too few opinions is equally ineffectual. Therefore the balance between

It can be all to easy to get caught in the trap of cyber wack-a-mole, where as soon as you need with one cyber threat several more appear. The link that follows will take you to a short (2 minute) video that outlines the the situation most of us find ourselves in.

www.naganresearchgroup.com/CWAM.mp4.

Take a look. I appreciate your feedback.

Thanks.

Much effort is being expended, rightly so, in addressing cyber risks. However, it is a frustrating exercise since new risks and threat vectors are arising daily, even hourly. If you would like to stop playing cyber wack-a-mole and get on the offensive watch this video. It only takes 5 minutes and will explain why understanding and managing your cyber exposures provides a way to take the offensive.

Hope you enjoy and gain something from it.

Managing Cyber Exposure Video

Wells Fargo, till recently, had earned itself a good reputation as a financial institution mainly due to the fact that it escaped from the Recession largely unscathed. That has come under huge scrutiny with the latest scandal that has hit the bank. It has been accused of creating 2 million fake account in the form of bank account and credit cards in the name of existing customers. This was mainly done to increase the commissions that the employees would earn for bringing in new accounts and meet

I recently authored a whitepaper for the Society of Actuaries 2016 Risk Symposium, exploring the strategic value of risk management.

Here is the Abstract:  

Many top-performing businesses aren’t just risk aware, but rather risk intelligent. Such a posture helps prepare companies for a major event and can demonstrate to a regulator or auditor that an appropriately strong control framework is in place.

Better still, companies gain real strategic value from a “risk adjusted” understanding not only of

A couple of weeks ago, a colleague of mine came to tell me about a new finding that she knew I'd love: BCM helps reduce data breach costs.

All I could think was, 'FINALLY.'

This is something that I've been telling clients for years: BCM is more valuable to your business than you can possibly imagine.

The new research from Ponemon Institute found that data breaches now cost as much as $4m - to say nothing of reputational hits. And, you could face a double whammy with higher insurance premiums, too.

B

The nature of risk has evolved in recent years, driven by advances in technology and an increasingly fraught geopolitic climate. In an age of globalization, companies must be aware of all major incidents across the world, as there are very few that will not have at least some kind of impact on larger companies.

Ownership of risk management is, however, often difficult to determine, and people seem unclear who is responsible. The role of the CFO has changed in recent years, and they have become es