Completing the Puzzle

In a previous blog I reviewed the real world pay back for being a risk leader.  Let’s say your company gets it, they know that good risk management increases the likelihood objectives will be fulfilled and profits improved, and now you’ve been given the assignment to start the risk management program to make your organization a…

Capture the Prize

Risk is the effect of uncertainty on objectives.  Managing risk well increases the certainty that objectives will be achieved.  Not surprisingly, organizations leading in risk management “capture the prize”.  According to a PWC Risk Review, organizations more frequently achieve their objectives, are more profitable and less likely to experience a negative profit margin than those…

The Business Value of RSA Archer

Implementing an effective governance, risk, and compliance program can be a costly and time-consuming effort: Hardware, software, and the active engagement of a lot of people in the first, second and third lines of defense.  Before implementing a program, and periodically throughout the life of the program, the question always arises from senior management: Is…

Risk Appetite Limbo

The Financial Stability Board (FSB), an international body that monitors and makes recommendations about the global financial system, published “Principles for An Effective Risk Appetite Framework” in November 2013.  Regulations were finalized around these principles by some regulators including the Comptroller of the Currency in 2014.  Although the genesis is FI-related, there are a lot…