Chief Risk Officer: What are the specific criteria of your organizations risk management system on which the creation of a Corporate Risk Officer function is based?

The first step in creating an effective risk-management system is to understand the qualitative distinctions among the types of risks that other organizations face, fraud risk management for the assets business is carried out by a separate risk containment unit under the chief risk officer. As an example, with visibility Read more…

Operational Risk Appetite: Can the risks — reputational, legal, operational — be mitigated?

Failure to appropriately manage operational risk can expose organizations to significant losses, and the implementation of strong and effective risk management within firms promotes stability throughout the entire financial system which helps by protecting the firm against market, credit, liquidity, operational and legal risks within your enterprise, and to protect Read more…