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Risk Scoring Matrix

Residual Risk Scoring Matrix Example

While each firm has its own risks scoring guide, most firms will follow common guidelines, such as suggested by IOSCO on the Risk Identification and Assessment Methodologies for Securities Regulators. This article includes examples of risk scoring matrices used for Impact (inherent or gross risk – described in our section Risk Register), Likelihood (or probability), and the […]

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Risk Heat Map

How to Create a Risk Heatmap in Excel – Part 1

Risk heat maps are commonly used in operational risk management and are specially useful to represent a firm’s risks in a visual manner, highlighting the ones that need to be managed more closely. When assessing operational risk, the risk manager will typically use a spreadsheet to record its firm’s key risks and rate the impact and likelihood (or probability) assessment scores for […]

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10 Essential Risk Management Videos

10 Essential Risk Management Videos – Part 1

This article includes a series of Risk Management videos, covering several topics which are relevant specially for Market Risk professionals. The videos included cover the following topics (click on the different topics below to access directly the embedded video). Forwards Futures Hedging Hedging with Futures Put options Call options Put-Call Parity Combining Payoffs Payoffs Total […]

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Free Course Mastering Data Analysis in Excel

FREE COURSE: Mastering Data Analysis in Excel

This is a free course delivered by Coursera, which is an education platform that partners with top universities and organisations worldwide, offering online courses online for anyone interested. Risk Managers frequently need to work with Excel and some of its advanced tools. This free course will prepare you to design and implement realistic predictive models based on data. […]

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Reimagining Risk Jim Deloach Ebook

EBOOK: Reimagining Risk: An integrated Approach to Enterprise Risk Management

Jim DeLoach has more than 40 years of experience in global consulting in business, IT, Risk and Internal Audit. He is currently a member of the Protiviti Solutions Leadership Team. Jim has authored several books, including Enterprise-Wide Risk Management: Strategies for Linking Risk & Opportunity (Financial Times Management Briefings) (FT Management Briefings) (the first book […]

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10 Must Have Skills to be a Successful Risk Manager

10 Must Have Skills to be a Successful Risk Manager

As regulatory requirements shift and evolve, so must Risk and Compliance professionals keep improving and grow their skills and knowledge. Keeping up with regulation and ongoing wider regulatory programmes, as well as covering the day to day operations at financial firms or banks, requires that Risk Managers are constantly learning, adapting and systematically moving their […]

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