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 […]
Strategy
VIDEO: COSO Enterprise Risk Management Course
Choosing an adequate risk framework before adopting Enterprise Risk Management (ERM) is an important task. Adopting a standard framework for defining ERM as baseline is not only best practice but it also allows CROs and Risk Managers to capitalise on existing resources. There are several possible frameworks to start from; some references include COSO Enterprise […]
Understanding Carbon Emission Risk when Allocating Assets
In 2013 I was invited to write about the closure of Chinese Harbin Airport due to poor air quality (in other words “smog”). This article became the second most read entry at globalairportcities.com blog for FY2013 and generated a lot of interesting discussion and positive feedback. Three years have passed, and besides the United Nation […]
How to Create a Risk Heatmap in Excel – Part 2
In the previous article (part 1), I’ve introduced the concept and possible applicability of a risk heat map, when capturing and managing operational risk. This article explains how to achieve the two heat maps described in part 1, including the data setup and necessary adjustments in Excel in order to plot all the risks (roughly 100) into an ineligible chart. […]
INFOGRAPHIC: Trump Presidency and US Foreign Policy Risks
Many voices have been expressing their concerns on the US president-elect Donald Trump. Millions of tweets, blog posts, written press articles, hours of TV debates in different channels… One thing is for sure: there is great uncertainty in the next four years. The key aspect now is to watch how Donald Trump unfolds his policies […]
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 […]
Exclusive Interview with Options Expert & Author Pierino Ursone
Pierino Ursone has more than twenty years working as a professional Options trader in the equity and commodity markets (half of it as a Market Maker in Equity Options, the other half as a Proprietary Options trader in the Energy Markets). He has authored Amazon’s popular book How to Calculate Options Prices and Their Greeks: […]
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 […]
