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Risk management is not a one-time or limited-time activity — it is a continuous process that must constantly operate properly. This is also why achieving ongoing progress in risk management can be so difficult for organizations - it needs year-round monitoring and dedication. 

The majority of organizations employ specialized risk management framework people, who serve as the business's sole line of defense against risks. This arrangement, we feel, is not sustainable. Any system that needs contin

In this week's blog post, we're sharing insights on our latest interview with Steven Minsky. Steven is the CEO and founder at LogicManager, which is a powerful risk management software. Especially during the pandemic, LogicManager has spent a lot of effort to create a relief package for their customers, to ensure their software and services can be used in innovative ways and create success stories and solutions that are available for everyone on their website.  We had our first interview with

In this week's blog post, we're sharing insights on our interview with David Asermely. David is a global Model Risk Management Lead at SAS driving strategic conversations with global institutions and influencing the SAS model risk management solution roadmap. He is passionate about translating data into actionable intelligence, and he focuses on combining the best technologies and design principles to improve modelling efficiency and quality. Based on that, we invited David Asermely to talk abo

In this week's blog post, we're sharing insights on our interview with Terisa Roberts. She is a Director and Global Solution lead for Risk Modeling and Decisioning at SAS. She has extensive experience in quantitative risk management, and advanced analytics. She has worked in a variety of industries, including financial services, telecommunications, energy, retail and government. She advises banks and regulators around the world on best practices, topics in risk Modeling, Decisioning, and the r

In this week's blog post, we're sharing insights on data assessment from Joseph Schorr, Vice President Of Strategic Alliances at LogicGate which is a leading provider of cloud software solutions for automating governance, risk, and compliance processes. Joseph is also an advisor to Dreamit Ventures, a Growth program and venture fund focused on pre-Series A healthtech, securetech, and urbantech startups. Joseph is helping founders in the SecureTech program which is focused on cybersecurity, anti-

Both risk and compliance management are dynamic fields that constantly evolve. Risk and compliance are impacted by a changing business environment, the economy, changing customer demands, and a company's vision, among other factors. Most of the changes we have observed in banking have been driven by information technology. The 2008 financial crisis was another significant force for change, as it forced the banking industry to rethink its risk management practices in light of the financial crisis

In today's post, we're inspired by our interview with Kevin Lester, co-founder and CEO of Validus Risk Management, a specialist financial risk advisory firm with offices in London and Toronto. With a focus on the alternative asset management sector, Kevin has pioneered the use of innovative financial hedging tools and techniques in the private equity, private credit, infrastructure and real estate markets, and is responsible for managing over $300 billion in market risk exposure via the Validus

In this week's blog post, we're sharing insights on digital transformation from Helen Fanucci, a Digital Transformation Sales Leader, Team Builder and Strategic Thinker at Microsoft. She is also an Educational Counselor for Massachusetts Institute of Technology where she recruits and interviews the next generation of technology leaders.

Helen has started my career as an engineer, as a graduate from MIT and started working for IBM. She shares, shortly into her career, she has realised that sh

Transforming Risk Management into Risk Intelligence

In one of our latest interviews, we've been joined by Will Anderson, the CEO of Resolver.inc.  Resolver provides an integrated risk management software for mid to large-sized organizations to empower business, to move faster. The solutions include risk management, corporate security, business resilience, and IT risk. Over 1,000 organizations worldwide depend on Resolver’s security, risk and compliance software. That’s about 1,000,000 people u

The FinTech revolution has allowed many new players to enter the market. Disruptive banks and open banking have become serious competition for traditional banks. These new banks and financial services applications have yet to build a reputation. But that also means that they are not notoriously unethical. Which is probably an advantage. 

Step 1: Make Integrity Your Core Value 

Banking is a business based on trust. And trust is based on the belief that a company conducts its business with integri

Undoubtedly, the current global contingency has shaken the operating model of companies in various sectors. This confronts us with a reality previously unthinkable for many of the businesses that had not developed sufficient capacities. 

From a business perspective, the impact of the pandemic has left companies in various positions: 

• Businesses that have suddenly lost relevance and even viability. 
• Sectors with unstable structures and vulnerabilities that are sustainable in the short term, and

Join our upcoming webinar Using Behavioural Science to Crack the Culture Code for Risk Management

Corporate culture is one of the most critical levers for creating shareholder value and driving organisational performance, yet one that most companies underutilise. Up until now culture has been extremely difficult to measure and transform as the underlying drivers are invisible. If organisations are unable to see, describe or measure behaviours, it is hard to know if the culture is helping or harm

 How to Conduct an Ethics & Compliance Risk Assessment

An ethics and compliance risk assessment can help you understand where unethical or illegal conduct might occur within your organisation. This detailed 40-page guide offers a 12-step framework that will help you complete your own ethics and compliance risk assessment.
Armed with your findings and action plan, you will be equipped to develop and implement an effective ethics and compliance programme.

Aaron Dignan, in an excerpt from his book Brave New Work on ‘Changing Organisational Mindset’ explains the difference between complicated and complex by comparing it to the difference between a car and traffic^[1]. Everything about a car has been worked out by scientists and engineers and how it moves is predictable. We can’t predict precisely how traffic will move despite our best modelling efforts.

Dignan explains that complex systems are more about ‘relationships and interactions among their c

According to the ISO 31000 standard, risk management is the process that allows companies to identify, analyze, evaluate, and take action to control the risk situations to which they are exposed. These are adverse events that interfere if materialized, they hinder or affect the achievement of the objectives and can represent damages and losses. 

Simply, risk management is a codified way to mitigate the risks that will harm the future of the company. Every action we take has an inherent amount of