Risk heatmaps are a common tool for many risk managers. A risk map is built by plotting the frequency of a risk on one axis of the chart and the severity on the other. Frequency is how likely the risk is or how often you think it will occur, while severity is how much of […]
Risk Assessment
It’s not about Risk Management
This is another excellent post by Norman Marks, renowned author of blog Governance, Risk Management and Audit. Among the several very current and valid considerations made by Norman in this post, illustrated by a meeting held between a CEO, CIO, CRO, EVP Sales and COO of a hypothetical firm, one sentence immediately stands out – and […]
What Competencies should Risk Managers in Non-Financial Companies really have?
Risk management competencies can significantly improve decision making in any profession. The bad news is that these competencies do not come to us naturally. They have to be developed. Risk managers who actively develop them have a significant competitive advantage to other risk professionals. I have tried to summarize some of the key competencies risk […]
The Hidden Cost Of Reputation Risk
Reputation risk has become a key concern for the businesses in the wake of the Great Recession and with the rise of social media. A damaging headline, lawsuit or unfortunate customer experience can severely impact financial performance and brand value. However, the vast majority of firms do not have a well-thought-out strategic approach to manage […]
Risk Agenda 2025: Hear from the experts
The Institute of Risk Management (IRM) talked to some experts in Risk Management and collected opinions and insights about where this discipline is headed. These are a series of very interesting interviews and videos that reflect what the IRM labeled “The Big Debate“. Expert names include Norman Marks, Bill Stein, Felix Kloman, among others. Click […]
VIDEO: Credit Risk Assessment and Management
This article includes a series of videos from Prof. Joseph M. Pimbley, PhD in Theoretical Physics and Principal of Maxwell Consulting, a firm he founded in 2010. Prof. Joseph M. Pimbley participates actively in several industry forums and is board member of different institutions, having had several Wall Street roles in the past, including positions […]
Exclusive Interview with ERM Expert Carol A. Williams
Carol A. Williams has been working with Risk Management and Compliance/Regulation projects for over a decade having specialised in Enterprise Risk Management (ERM) since 2011. One of her key projects was to design and implement an ERM Programme for a $7+ billion property and casualty insurance company, managing and directing the programme for over two […]
10 Top Risks for 2017
The following report from Protiviti, an international Risk & Business Consulting and Internal Audit company, and North Carolina State University’s ERM Initiative, contains results from the fifth annual risk survey of directors and executives. This report includes their views and the likely collection of risks that will affect their organisations over 2017. Key findings The […]
