Archive | Risk Management Solutions


How Technology Enables Enterprise Risk Management

Risk management fails when information is scattered, redundant, non-reliable, and managed as a system of parts that do not integrate and work as a collective whole. The risk management information architecture supports the process architecture and overall risk management strategy. With processes defined and structured the organization can now define the information architecture needed to […]

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Why Enterprise Risk Management (ERM) is Critical to Modern Business

Organizations take risks all the time but fail to monitor and manage risk effectively for the enterprise. A cavalier approach to risk-taking results in disaster, providing case studies for future generations on how poor risk management leads to the demise of corporations — even those with strong brands. Gone are the years of simplicity in […]

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Carcassone, France - July 26, 2012: Medieval citadel of Carcassonne. Carcassonne is in the Aude department and chief town of the Languedoc-Roussillon region in the south-west France. Its historic center consists of a walled medieval citadel protected by UNESCO since 1997.

Three Lines of Defense: Enabling High Performing Organizations

Like battling the multi-headed Hydra in Greek mythology, redundant, manual, and uncoordinated governance, risk management, and compliance (GRC) approaches are ineffective. As the Hydra grows more heads of regulation, legal matters, operational risks, and complexity, scattered departments of GRC responsibilities that do not work together become overwhelmed and exhausted and start losing the battle. This […]

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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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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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Building a Compliance Risk Assessment Program at Société Générale

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