Operational 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

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

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 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 January 12, 2009 by

The Future of Business Intelligence?

Analytics and the application of Business Intelligence concepts to Performance and Risk Management are fundamental to the Risk-based performance methodology; therefore we would like to share with you this short video that points to the future if BI. The potential to apply this technology to performance and risk management is very interesting. Enjoy!  

Posted on January 4, 2009 by

Why are Strategy Maps Important to your Operational Risk Project?

Why is the Strategy map such a key part of the Risk-based performance methodology? Why is the Strategy map so important for the success of operational risk projects? These are two questions that we are often asked and the answer to both questions is fundamentally the same.

Posted on November 15, 2008 by

Integrating Performance and Risk Management Processes – What the Risk Professionals Say

To promote discussion and debate around the integration of performance and risk management, we recently posted a very simple question in the Enterprise Risk Management Association group on Linkedin
Should organisations integrate performance and risk management?

The replies are below and I would welcome further comments/feedback.

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