Speaking the same language: Bringing IT and cyber risk to your enterprise view.
Thursday 26 October, 11am - 12pm AEDT | 1pm - 2pm NZDT
Unlock the potential of information technology with Protecht's exclusive webinar! In today's digital landscape, IT isn't just about innovation – it's about safeguarding your future. Join this dynamic session featuring experts, Michael Howell, Protecht’s Research & Content Lead, and Mike Franklin, the Cyber Security Lead.
Discover the key to harmonising your Infor
risk (579)
Hi Global Risk Community member,
We'd like to invite yourself and colleagues to join us at #RISK London, a conference and expo taking place on 18 & 19 October at the ExCeL London.
#RISK is where the whole ‘risk’ community comes together to meet, debate, and learn, to break down silos and improve decision-making. Registered delegates include senior leaders from BT, Capgemini, Credit Suisse, Astrazeneca, IBM, Mastercard, Meta, PepsiCo, Shell, Uber, Vodafone, Equifax, Hitachi, Investec and h
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𝗥𝗶𝘀𝗸 𝗠𝗮𝗻𝗮𝗴𝗲𝗺𝗲𝗻𝘁 & 𝗧𝗿𝗮𝗱𝗶𝗻𝗴 𝗖𝗼𝗻𝗳𝗲𝗿𝗲𝗻𝗰𝗲 2023 | AGOSTO 2023 | EVENTO PRESENCIAL.
The best training encounter for Risk Managers, Quants, Traders, Asset Managers and Data Scientists Worldwide.
Más información en: https://riskmathics.com/ y derivatives@riskathics.com
#riskmathics #riskmanagement #RiskManagement #TradingConference
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Issues management software is essential for financial institutions to proactively monitor and handle any risks to their operations, reputation, and bottom line. Considering the increasing intricacy of the banking sector, the growing complexity of regulatory regulations, and the quick speed of technology improvements, financial businesses must have a substantial problem management system to mitigate and handle any possible issues.
In such a scenario, issues management software may help financial b
The dead horses of risk management:
1. 3 Lines of Defense
2. Risk registers
3. Heatmaps
4. CRSAs
5. RAG ratings
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Hi Global Risk Community member,
You’re invited! Please join this webinar on “5 Key Risk and Compliance Strategies to Navigate the Economic Uncertainties” on March 1st at 11 am ET | 08 am PT as we discuss on the Key Strategies Risk and Compliance Leaders Must Adopt.
REGISTER NOW
Speakers:
- John Bree, Chief Risk Officer & Chief Evangelist, Supply Wisdom
- Lisa Beth Lentini Walker, Assistant General Counsel, Marqeta
- Yo McDonald, VP BusinessGRC Solutions & Strategy, MetricStream
Lessons from t
Hello, Global Risk Community member,
In their continuing series on risk management, please join the Protecht Group for a live webinar on Thursday, March 9 at 3pm ET. Protecht will be hosting a conversation with their regulatory compliance partner, LexisNexis, on Simplifying Risk and Regulatory Management. The session will cover risk challenges that banks are facing today:
- Review trends in the US banking regulatory landscape
- Outline the evolving global banking landscape and how it may impact y
Hello Global Risk Community member,
Did you know that corporate penalties for US regulatory violations have ballooned to over $60 billion annually? Fines jeopardize your company’s bottom line and reputation. Not only do you need to monitor compliance, you also need to do all you can to mitigate risk and know your compliance risk posture.
In their continuing series on risk management, Protecht’s Chief Research and Content Officer David Tattam and VP of North America Terence Lee are having a con
Records hamper risk reporting; reports need to pay more attention to numerous critical insights and issues by focusing on history instead of the future. Long before historical data testing finds concerns, utilizing internal and external data for your business to anticipate risk trajectories may provide your firm insight into where its risks are currently and how they are heading.
Infusing predictive analytics into your risk insights will maximize the effectiveness of the proactive risk management
Specific characteristics distinguish the risk control self-assessment (RCSA) technique. It is critical to understand that this is a dynamic process, and this implies that it is continually changing and is determined by the number of controls introduced by the device.
The risk control and self-assessment (RCSA) process is iterative, suggesting that the process is based on experimentation and error. The impact of each risk-monitoring measure is regularly monitored. If the solution does not work as
Without Risk Control Self Assessment, no operational risk management strategy is complete (RCSA). This powerful approach was established in 1987. However, it is now used by employees of all ranks and across various industries for identifying risks and assessing related controls and their efficacy. It is still regarded as an effective means of assuring governing authorities and authorities that all aims will be reached today. Several other advantages have also been recognized: Personnel will get
Risk Control Self-Assessment is a procedure for evaluating operational dangers and the effectiveness of risk management measures. The objective is to guarantee that all enterprise risk management goals are achieved in a reasonable amount of time.
In the following ways, a facilitated RCSA can assist a bank in improving its control environment:
- Increasing awareness of the company's objectives and the vital role that internal control plays in achieving them.
- Employee empowerment to carefully create an
Often, a firm fails due to a lack of monitoring and control, poor strategic management, and incorrect resource allocation. This is despite a solid business plan and a compelling product or service. Using the risk management method protects firms from known and unforeseen risks.
A robust risk management strategy necessitates adhering to the appropriate risk management methods, fulfilling the previously mentioned goals, and transforming the organization into a much more efficient and competitive e
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| Hello Global Risk Community member, Our partner, The Protecht Group, will be hosting a webinar on controls assessment and assurance on December 8th. When you are in a moving vehicle, do you think about all of the controls that have been designed and implemented to keep you safe? Traffic controls exist in the form of speed limits, traffic lights, guardrails, stop signs, school zone signs and more. Furthermore, as the environmental factors change, so do these controls. Your orga |
Step by step video guide to implementing risk management 1 and 2. Let me know in the comments if this helped you and what would you add to the list.
Despite the fact that risk management is a decision making tool, you should probably get Risk Management I sorted first, to keep the auditors, rating agencies and regulators at bay. It’s RM1, so keep it as simple and as quick as possible, this is less than 10% of the overall effort.
A1. Develop a short risk management policy structured around ISO31000
