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As the FRTB implementation race begins, it is crucial that banks now get a thorough understanding of the structure of trading desks, refine operating models and the front office and transform the market risk infrastructure effectively in order to meet the so called ‘FRTB standard’. With less that 18 months to go, banks are under pressure to develop high quality and consistent projects that will minimise the risk of capital charges and ensure integrity across the front office, risk and finance de

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A Comparison Among the Three Most Important Strategic Frameworks: Porter, the Resource-Based View of the Firm, and the Delta Model

Enrique Suarez

http://www.wix.com/suarezenrique/delta

suarezenrique@yahoo.com

According to former MIT professor Arnoldo Hax, creator of the Delta Model, in spite of the enormous proliferation of competing schemes in the business strategy literature, there are two fundamental paradigms that have emerged as the most influential in the last two decades. First, Competitive

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marcus evans to host Model Risk & ERM for Insurers conference July 2016

 

Join leaders in model risk management, model design, and risk modeling to achieve a concrete model risk framework through optimal validation procedures, reporting, and independent reviews.

 

New York, NY – April 8, 2016 marcus evans will host the Model Risk & ERM for Insurers Conference on July 17-18, 2016 in New York City, New York. Insurance professionals attend this meeting to learn from their experienced peers in how to

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Accelerate Your Startup: Adding Gas to the Tank

 

Source:

David Skok

Different phases of a startup’s lifecycle require different approaches to spending. In David Skok's previous post, he talked about the first phase: finding product/market fit where he described how entrepreneurs should have a laser-like focus on finding it, and why they should conserve cash to get there. In this post, he talks about the search for a scalable and repeatable sales model.

Identify a Repeatable, Scalable Sales Model

You’

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Accelerate Your Startup: Get the Right Product/Market Fit

 

Source:

David Skok

As a VC and five-time entrepreneur, David Skok frequently sees two common mistakes being made by startups:


1. Companies spend too much attempting to grow the business when it’s not ready for such growth; or


2. Companies don’t spend enough money when the business is ready to scale.

It’s, therefore, a CEO’s responsibility to decide when to hit the startup accelerator pedal. There are times when it makes sense to step on the ga

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The Strategic Management Frameworks and the Delta Model: Putting Customers Before Products

Special PowerPoint Presentation for All Global Risk  Community Members

By:

Enrique R. Suarez

Master of Education & International Development

Harvard University


International Business Strategy Consultant & Professor
Former Harvard i-Lab Student Advisor

You can download the Delta Model PowerPoint Presentation below:

Frameworks_Delta2015_H.pdf

Contact Information

If you want to implement the Delta Model in your organiza

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Enrique Suarez

The State of Education in the United States: Cornerstones for a More Effective Education

Source:

MIT Professor Jay Wright Forrester’s Work on System Dynamics

During the last twenty years, Jay Forrester's attention has been focused primarily in two areas: 1) the creation of a system dynamics model of the United States economy, and 2) the extension of system dynamics training to kindergarten through high school education. Forrester sees the former project as leading to a new approach to

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Presented

By:

Enrique Suarez

 

Why Public Banks Outperform Private Banks: Unfair Competition or a Better Mousetrap?

Public banks in North Dakota, Germany and Switzerland have been shown to outperform their private counterparts. International private competitors have responded by pushing for regulations limiting the advantages of the public banking model, but public banking advocates are pushing back.

In November 2014, the Wall Street Journal reported that the Bank of North Dakota (BND), the nation’s o

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The RIMS Risk Maturity Model, co-developed by LogicManager CEO, Steven Minsky, and the RIMS Risk Management Society, has been adopted by yet another governance body in an attempt to formalize how organizations achieve risk management competency.

The NAIC specifically identifies the Risk Maturity Model (RMM) as an effective tool for evaluating the state of an organizations program, and indicates that Insurers should strive to meet a ‘Repeatable’ level of Enterprise Risk Management maturity in eac

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BUSINESS STRATEGY EXECUTIVE EDUCATION PROGRAM

REINVENTING YOUR BUSINESS STRATEGY: PUTTING CUSTOMERS BEFORE PRODUCTS

Using MIT's Revolutionary Delta Model to Change your Strategic Thinking, Identify New Sources of Revenue, and Transform your Organization

 

8028230273?profile=original

 

Enrique R. Suarez

 

International Business Strategy and Management Consultant/Professor

 

Harvard Innovation Lab Student Advisor, Harvard University

European Commission Research & Innovation Independent Expert

 

Master of Education & International Develo

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How the RIMS Risk Maturity Model Works

RIMS-5-Process-Steps-500x375.png?width=300Hack Wilson was an MLB star in the 1920’s, but he had a drinking problem. Realizing his potential, Hack’s manager pulled him into the dugout and said, “If I drop a worm into a glass of water, it swims around fine. If I drop it into a glass of whiskey, it immediately dies. What does this prove?”

Hack responded, “If you drink whiskey, you’ll never get worms.”

Hack’s observation, while misguided, provides a lesson in the difficulty of training and educating employees. Over the next several weeks, I h

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In Risk Management, Progress is Paramount

HomePage%20Banner-150x150.png?width=150One of our business analysts recently came to me with a particularly troubling conversation he had with a prospective client. The client reported to him that while 6 months ago the appetite for ERM had been strong, the enthusiasm and excitement for the program had since waned and the risk manager was now preparing to take “micro” steps forward over the next several years.

This account is far too common for enterprise risk managers in today's environment. Hired into an energetic and new function,

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Quad-Party Clearing – a Winner’s Curse?

Quad-Party Clearing – a buy-side focused clearing model – was widely perceived as an innovative solution for the clearing obligation under EMIR (European Market Infrastructure Regulation). The benefits for buy-side firms include efficiency, cost and risk reduction.

However there’s a growing concern that these are outweighed by cost and risk factors of market infrastructure providers and sell-side institutions. For example, many experts anticipate a collateral crunch as a consequence of clearing o

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risk_taxonomy2.jpg?width=322Fifteen of the world’s top risk managers met recently at the 2013 RIMS Risk Summit. When the topic of reputational risk arose, the group struggled to develop a concrete value proposition, but unanimously agreed that no ERM assessment that failed to tackle reputation risk would be deemed complete by leadership.

Their recognition calls attention to one of the biggest hurdles confronted by risk managers in all industries when faced with high level risks deemed critical by the board or executive lead

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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

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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

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ERM Compliance and Enforcement

8028222470?profile=originalIn 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

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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

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Last week, at RIMS ERM Conference 2011, we announced that LogicManager and RIMS (The Risk and Insurance Management Society) have selected Queens University Management School (QUM) to update the landmark 2008 study that quantified a direct, positive relationship between the maturity of an organization's risk management framework and its business performance.  Read the full press release here.

The 2011 update will gather data just as the 2008 study did, using real organization's data compared again

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