The regulatory landscape for risk management in financial services is constantly evolving, presenting a formidable challenge for firms and Banks striving to comply and manage their risk profiles effectively. Drawing from the collective wisdom of seasoned risk managers, our goal with this article is to delve into the key challenges and practical strategies that can […]
Risk Culture
Risk Management in Financial Services During 2023 – 10 Key Highlights
As the year 2023 draws to a close, it’s time to reflect on the significant strides made in the realm of Risk Management within the financial services industry. Despite facing a multitude of challenges, including inflation, economic uncertainty, and geopolitical tensions, the industry seems to have demonstrated strong resilience and a steadfast commitment The financial […]
Is Risk Listing a Reliable Risk Management Practice?
Introduction Risk management can be defined as the “process which aims to help organizations understand, evaluate and take action on all their risks with a view to increasing the probability of success and reducing the likelihood of failure” (Hopkin, 2010, p. 37). This is the definition made by the Institute of Risk Management (IRM), which […]
Conference: Risk Awareness Week (RAW) 2021
The Risk Awareness Week 2021 is upcoming! It will be 5 days of the most interesting workshops and will occur between 11th and 15th of October. This event is considered to be the biggest virtual conference about Risk Management topics, delivering more than 50 interactive workshops with more than 30 speakers, including the best Risk […]
10 Risk Professionals You Should Follow
Whether you’ve just started in Risk Management or you’re already a professional in this arena, this article will interest you. We are highlighting some of the reference professionals we follow who are seasoned Risk Managers, each in its own area of expertise. Most of these professionals have lengthy experience in Risk Management and are at […]
7 Risk Assessment Blind Spots (and How to Beat Them)
You’ve all been there, driving along knowing you can predictably change lanes with ease, when suddenly a car shows up in your blind spot. You swerve back to your lane and everyone in your car is startled to attention, wondering what happened and knowing you messed up. Or, you’re walking down the sidewalk, consumed by […]
Why Portfolio Diversification is for the Ignorant Investor
Preface The Risk Management Guru (RMG) blog was founded in October 2015 with a very clear sense of purpose: to become the go-to blog for the best articles about Risk Management. Almost 5 years on and we are proud of the footprint we have created so far, with a special emphasis on our most read […]
3 Analysis Models All Risk Leaders Should Know
Risk management is an integral part of any business however most of the time it is simply seen as an add-on process that is often shoved into a silo to be kept away from core business functions. Now, this is no fault of business leadership as risk management has a historical reputation of being a […]