Enterprise Risk Management

Posted on June 2, 2015 by

What is the business value of risk management?

Recently, I posted the following in the RBPM LinkedIn Group. If you have insights you wish to share, please add a comment below or join the conversation on LinkedIn. Can anyone answer the question “What is the value of risk management?” in tangible terms i.e. what is the bottom line impact of risk management, specifically Read More

missedtheboat
Posted on September 8, 2013 by

We have risk management so how did we miss the event coming?

Dear Reader, It is the weekend and I have just left a risk-related discussion with a non-risk management professional (but an experienced military and business man). He showed me a local council’s risk register (he is a councillor) which was quite a ‘standard’ risk register with risks scored using a RAG approach. His question (or Read More

KPIworkshop
Posted on April 11, 2013 by

Managing with KPI’s and KRI’s – Building Better Indicators Workshop London

A practical approach to defining indicators within an integrated ERM Framework Workshop Overview Many organisations have made considerable progress in the area of enterprise and operational risk management since the financial crisis in 2007/2008. However events over the last few years have demonstrated, and continue to demonstrate the need to make improvements in organisational risk Read More

ermjourney
Posted on March 18, 2013 by

ERM Executive Briefing Event Hosted by our Partners StratexSystems

Our friends at StratexSystems will be holding an ERM Executive Briefing this Thursday March 21, 2013 in the City of London! If you are interested in attending, please register your details by mid-day this Wednesday. There are only 3 spaces left! In this executive briefing, StratexSystems invites two of it’s clients to share their experiences Read More

ermjourney
Posted on March 5, 2013 by

EXECUTIVE BRIEFING LONDON- MARCH 21 – UNDERSTANDING THE ERM JOURNEY

In this executive briefing, our business partner, StratexSystems invites two of it’s clients to share their experiences at different stages of the Enterprise Risk Management journey.   The first client is the UK’s largest financial services outsource provider, who started their ERM journey in 2006/07 as one of their drivers of rapid growth, but were Read More

governance
Posted on February 21, 2013 by

Presentation Available: Governance Culture and Incentives

Operational Risk & Regulation hosted a training course today, The Fundamentals of Operational Risk training Event. Our CEO & Founder, Andrew Smart lead two sessions at this event. In preparation, he prepared and makes available a presentation Governance Culture and Incentives. Please add comments below or share your comment on the Risk-Based Performance Management LinkedIn Read More

board
Posted on February 21, 2013 by

Presentation Available: Three Key Questions for Boards and Executives

Operational Risk & Regulation hosted a training course today, The Fundamentals of Operational Risk training Event. Our CEO & Founder, Andrew Smart lead two sessions at this event. In preparation, he prepared and makes available a presentation Three Key Questions for Boards and Executives. Please add comments below or share your comment on the Risk-Based Read More

stratmap
Posted on February 19, 2013 by

How many people use the Strategy Map as a Risk Management tool?

It is my view that the Strategy Map is a key tool in any risk management project. All the major risk standards such as COSO Enterprise Risk Framework, ISO31000 etc all state the business objectives are the starting point of any risk management project but don’t show you how to do this. The Strategy Map Read More

Posted on November 6, 2012 by

RISK BASED PERFORMANCE MANAGEMENT WORKSHOP

Risk Based Performance Management Workshop December 12th & 13th Workshop Overview: To effectively streamline management and regulatory reporting, organisations need to adopt an integrated framework, which covers strategy (performance management), Risk & Compliance. By attending this two-day interactive ‘bootcamp’ workshop, attendees will gain insights into the Risk-Based Performance Management methodology. This methodology, which builds on, Read More

Posted on October 1, 2012 by

The Difference Between Business Drivers and Risk Drivers

Delivering a project last week, I was involved in a conversation which neatly captured the power of the Risk-Based Performance Management approach, and its underlying philosophy that strategy and risk must be managed together, using an integrated framework. The conversation that took place involved two highly experienced, and very knowledgeable risk management professionals, a Manigent Read More

Posted on August 3, 2012 by

Structure for defining a risk

The risk of (what, where, when)….. caused by (how) ……resulting in..…(impact/consequences) It needs to include: Sufficient detail to understand what the risk is. The cause of the impact (cause) The impact to the objective (consequence) You need to be careful to avoid: Describing the risk as the potential impacts Including risks that have no impact Read More

Posted on July 31, 2012 by

Banks 20 years behind in risk management…

Since we started developing the Risk-Based Performance Management approach, back in late 2006/07, we have been consistently saying that the way the financial services sector manages both strategy execution and risk management needs to be improved. Now Corven Consulting has released a research report that found Banks are 20 years behind the aviation industry in Read More

Posted on June 11, 2012 by

One of the UK’s newest banks has chosen StratexPoint, a Risk-Based Performance Management application, to help grow its business

One of the UK’s newest banks has chosen StratexPoint, the latest in risk management technology, to help grow its business

StratexSystems’ latest software solution, StratexPoint, will play a key role in ensuring the successful growth and development of Aldermore Bank, a relative newcomer to the UK financial services industry.

Aldermore’s Chief Risk Officer, Steve Barry, says, “As a relatively new business we recognise that we need to continually invest and develop and we believe that by employing the StratexSystems product, StratexPoint, we will be able to improve the quality of our risk management processes which in turn will support the rest of the business in achieving our long term objectives. This product will take us from a simple automation process to an integration of strategy and risk – both of which are essential to the success of any business.”

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