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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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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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INFOGRAPHIC: Seventh annual global EY / IIF bank risk management survey

INFOGRAPHIC: Banks Risk Management Survey 2016 by EY

Banks have taken serious steps post-financial crisis to improve and even totally overhaul their Risk Management processes and systems . This has been an enormous challenge for banks as the industry regulation has increased exponentially post-financial crisis with capital and liquidity requirements also increasing. At the same time, CEO’s must keep their focus on increasing banking revenues to 10-15% […]

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