Archive | Risk Management Solutions

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Understanding Risk Management Process & Architecture

The risk management strategy and policy is supported and operationalized through a risk management architecture. Organizations require complete situational and holistic awareness of risks across operations, processes, transactions, and data to see the big picture of risk in context of organizational performance and strategy. Distributed, dynamic, and disrupted business requires the organization to take a […]

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Risk Management by Design

The physicist, Fritjof Capra, made an insightful observation on living organisms and ecosystems that also rings true when applied to risk management: “The more we study the major problems of our time, the more we come to realize that they cannot be understood in isolation. They are systemic problems, which means that they are interconnected […]

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Monitoring and Managing Risk Effectively

Challenge to Boards, Executives, and Risk Management Professionals Organizations take risks all the time but fail to monitor and manage risk effectively. Further, risk management is too often seen as a compliance exercies and not truly integrated with decision making and objectives of the organization. A cavalier approach to risk-taking is a result of a […]

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Providing 360° Contextual Awareness of Risk

Monitoring and Managing Risk Effectively A Challenge for Boards, Executives, and Risk Management Professionals Organizations take risks all the time but fail to monitor and manage risk effectively. Organizations need to understand how to monitor risk-taking, whether they are taking the right risks, and whether risk is managed effectively. A cavalier approach to risk-taking is […]

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2016: How to Purchase Risk Management Solutions & Platforms

2016: How to Purchase Risk Management Solutions & Platforms

2016: How to Purchase Risk Management Solutions & Platforms Considerations in Selection of a Risk Management Solutions & Platforms     Risk management is pervasive throughout organisations. There are many departments that manage risk with a variety of approaches, models, needs, and views into risk. This makes enterprise and operational risk management a challenge. Organizations often fail in enterprise […]

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Mistakes & Challenges in Risk Management Technologies and Strategies

Risk management is pervasive throughout organizations. There are many departments that manage risk with a variety of approaches, models, needs, and views into risk. This makes enterprise and operational risk management a challenge. Organizations often fail in enterprise risk management strategies when they force everyone into one flat view of risk, they also fail when they allow […]

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Best Practice in Model Risk Management: Modeling Your Models

Over time models have grown in variety, complexity, and use within organizations.  They have moved from tactical pieces of input to a strategic pillar that provides the infrastructure and backbone for strategy and decisions at all levels of the organization. Time and evolution of models left uncontrolled bring forth loss and potential disaster. Unfortunately, many […]

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Model Risk Management: Enabling A Firm Foundation for Model Risk Management

Financial services organizations rely on models to analyze and represent outcomes that feed into the strategy, products, pricing, and risk. While models are critical to the business they are often seen as a mere tool without a full appreciation for their relationship and impact on the organization’s, decisions, and operations. Expanding use of models across […]

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ComplyTrack® from Wolters Kluwer: Providing an Architecture for Healthcare GRC

Healthcare, across provider and payer spectrums, is a highly dynamic and regulated industry. Trying to keep pace with change is burying governance, risk management, and compliance (GRC) roles in mountains of tasks and processes. Distributed and disconnected GRC departments are overwhelmed, exhausted, and losing the battle. This is initiating healthcare organizations to rethink how they […]

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ELM Solutions Passport® GRC: An Enterprise Platform that Integrates Legal and GRC

Exponential change in regulations, risks, organization operations, business relationships, and legal matters encumbers organizations of all industries and size. Organizations require complete situational awareness of governance, risk management, and compliance (GRC) across operations, processes, and relationships to see the interconnectedness of risk and its impact on the organization. Dissociated data, systems, and processes leaves the […]

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