Risk

Extended Enterprise Risk Management Programs Need to Be Understood The benefits related to expanding a company's capabilities beyond the traditional four walls of an organization are too big to ignore, but many executives see challenges in managing the third-party risk involved. Unfortunately, these challenges can obscure the perceived value in expanding the enterprise and test the resolve of decision makers...

Carolyn Lindsey and Alexandra discuss a series of “red flags” relating to a problematic fictional agent, Tan, and the relevance of each.

How to Implement a Better Process When Dealing with Risk Management People, process, and technology are three key elements when it comes to implementing risk management in any company. The challenge is how to implement these elements in a way that helps your company put an integrated approach to the process. In this article Adam Billings, Principal Consultant at Lockpath...

The Role of the Risk Assessment Crisis management is an integral component of effective reputation management. Protiviti's Jim DeLoach discusses why it's imperative to build a rapid-response crisis management capability for sudden and unexpected high-impact, high-velocity and high-persistence events. Years ago, I had a conversation with a high-profile board chair of a top U.S. university. He told me that he...

Today, PwC released its annual Risk in Review, a study with insights from more than 1,500 senior risk executives. This year’s report focuses on how risk leaders address innovation risk. Risk management is often overlooked during periods of innovation, but having the right risk-reward balance in place is the key to success in today’s forward-moving business age. Sixty percent of respondents from this year’s report are considered Adapters, companies with risk management programs that are effective in...

8 Principles to Guide the Risk Assessment Process Organizations don’t need to involve the board in every risk by any means, but critical enterprise risks are a special breed. Protiviti’s Jim DeLoach provides the formula for an appropriately designed risk assessment process – the first step to identifying and ultimately mitigating the risks in this category. Directors and executives need...

Common Concerns for CLOs In the past, the law department was positioned solely as advisors on legal problems, but this year brings the chief legal officer’s role as a key business strategist to the forefront. While chief legal officers and general counsel work for companies of varying sizes within different industries and regions, their top concerns are universal.  Just as the...

Modern Finance’s Imperative to Manage Risk with Data While businesses have more information than ever to drive decision-making, many are struggling to shift organizational structures and manage data to minimize business risk. Eric Dowdell, Global Head of Dun & Bradstreet’s Trade Credit business, dives into the relationship between risk and data and discusses how the utilization of data should be changing risk management...

A Framework for Assessing Regulatory Maturity In the current regulatory environment, banks find it complex and challenging to interpret and assess regulatory requirements on conduct risk.  In this this article, experts from Tata Consultancy Services suggest a robust approach for assessing the level of maturity attained by a bank in conduct risk vis-à-vis regulatory requirements and a remediation plan to...

In the 21st Century, Organizations Make Their Own Luck Organizations must be able to weather shocks, and they should act in ways that allow them to adapt, growing stronger as a result of their adaptability. Bill Murray, Senior Researcher and Advisor at Leading Edge Forum, explains the three core organizational skills companies should hone in the pursuit of antifragility. This...

10 Risks Companies Face in Using Social Media Social media has become a powerful tool for businesses to use in connecting with their customers. The medium has certainly made major corporations more accessible to the consumer. But with this ease of accessibility comes risk in many forms. Jim DeLoach explains 10 potential risks companies may face when using social media...

The Danger – and Simplicity – of Cognitive Attacks The allegations of Russian influence on the 2016 election have been in the news for months. President Trump has claimed that Russian meddling was a hoax, but according to the Mueller investigation, that’s been proven false. While the Russians didn’t hack into polling systems, they did employ a different kind of...