Risk Management Guru

OCTOBER 24, 2022

The RBI Grade B Mains Exam’s Finance & Management portion includes a subsection on Risk Management in the Banking Sector. A bank may make more money by taking on greater risk since the relationship between risky assets is direct. What Does Risk Management Mean In The Banking Industry? Conclusion .

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Norman Marks

JULY 1, 2022

Nick Sanna, the CEO of RiskLens, a software company specializing in cyber risk management, recently issued a wake-up call for risk managers in a presentation at a Professional Risk Managers’ International Association (PRMIA) conference. He “encouraged risk managers […].

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Risk Management Management Compliance Government 45

Norman Marks

AUGUST 12, 2022

I have been talking (OK, preaching) about the need to manage the likelihood of achieving objectives (i.e., success) rather than limiting yourself and the organization by managing or mitigating risks. You need to take risks if you ever want to achieve objectives; the key is taking […].

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Norman Marks

JULY 5, 2022

I commend Marco Nutini for his recent LinkedIn post, Risk and decision: egg or chicken? He asks: In your opinion, which of the two alternatives best represents the Enterprise Risk Management process?

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Norman Marks

JULY 21, 2023

Anthony Pugliese (President and CEO of the IIA) said in a recent webinar that GRC stands for Governance, Risk Management, and Compliance-slash-Control. I am sure he said that because the IIA has the C meaning Control while the rest of the universe has C for Compliance.

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Compliance Risk Management Government Management 40

Norman Marks

NOVEMBER 7, 2022

I want to thank the 102 people who responded to my survey. The results are quite interesting. First, there is an inherent bias in the responses. These are all people who are reading my posts and are therefore more likely (I believe) than the general population to agree with what I have been advocating. Having […].

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Risk Management Guru

SEPTEMBER 20, 2021

Whether you’ve just started in Risk Management or you’re already a professional in this arena, this article will interest you. We are highlighting some of the reference professionals we follow who are seasoned Risk Managers, each in its own area of expertise. Linked In. Website / Blog. Linked In. Steve Burns.

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Risk Management Government Management Compliance 59

Norman Marks

JUNE 20, 2022

PwC has shared with us the results of their 2022 Global Risk Survey. It has some interesting stuff, although (as usual) doesn’t go far enough for me. Their food stuff includes: In this turbulent business environment, many executives find the need to revise and adapt their strategies and operating models at a rapid pace. They […].

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Norman Marks

NOVEMBER 9, 2023

My congratulations to my good friend, Jim Deloach, and to James Lam for their contributions to Board Risk Oversight in the Age of Disruption, published by the (US) National Association of Corporate Directors (NACD). The article captures some of the content of an NACD webinar that was hosted by Protiviti with James Lam as a […]

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Risk Management Management Compliance Government 49

Norman Marks

MARCH 28, 2024

I have written a lot over the years about risk appetite and the value of risk appetite statements, both here on this blog and also in my books, especially World-Class Risk Management (2015) and Risk Management in Plain English: A Guide for Executives, Enabling Success through Intelligent and Informed Risk-Taking (2018).

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Good Financial Cents

DECEMBER 14, 2022

The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. They may work in various industries, such as investment firms, accounting firms, banks, or the government. Chief Compliance Officer. Financial Examiner.

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Compliance Budgeting Accounting Insurance 87

Norman Marks

MARCH 11, 2024

Today, let’s talk about their second demand, which follows on from their first: Express an overall opinion on the effectiveness of risk management and controls by “connecting the dots”. Let’s […]

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Risk Management Management Compliance Government 53

Norman Marks

OCTOBER 23, 2023

I have some video events coming up, including: Risk Awareness Week 2023, where I am speaking on risk-taking. An Institute of Risk Management panel discussion on “How Risk Practitioners Can Earn Trust and Respect as Valued Partners”. The Risk Management Association’s annual conference.

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Norman Marks

MARCH 22, 2024

This may be an odd question to ask, but as a leader of internal audit and risk management it was an important issue for me. While there is so much talk about artificial intelligence, I believe it is far more important to optimize human intelligence! Where we sit affects: Our ability to know what is […]

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Norman Marks

FEBRUARY 15, 2024

I read a recent post on LinkedIn (now deleted, fortunately) that asserted that the job of the risk manager is to quantify every risk. Of course I replied that their job is to help the organization and its leaders succeed by helping them get the right information at the right time to make the right […]

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Risk Management Management Compliance Government 49

Norman Marks

NOVEMBER 27, 2023

He wisely says: If we wanted to really make a difference to decision makers we would switch from risk reporting to risk-adjusted performance reporting instead. Risk managers always have a choice: generate own risk reports or use the outputs of […] It’s an excellent question.

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Brown Advisory

DECEMBER 5, 2023

Yet a whole slew of relevant environmental, social, and governance-related information has been panned by political agendas that are far removed from the purview of investment managers. All of these potential outcomes of a company’s ability to manage its environmental, social, and governance issues should be of interest to investors.

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Norman Marks

SEPTEMBER 19, 2022

Today, I will review two very different sources for perspectives on risk management. The first is an interview with Robert Finocchio on ‘Risk Oversight and Assessment’. Then I will provide a link to a paper by a law firm of relevance for board members and CROs. If you look at his background, you will see […].

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Management Risk Management Compliance Government 81

Norman Marks

NOVEMBER 2, 2023

First, we had the Wells Fargo case, where the CRO and CAE have both been charged with negligence or worse, a crime for not reporting risk management deficiencies to the board and the regulators. I discussed it earlier. Now the SEC is charging a CISO with fraud! Their press release says, with my highlights: The […]

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Norman Marks

JULY 3, 2023

A few days ago, Lose Luiz Valentim commented on my post, Auditors need to understand risk management. He pointed out that banks and other financial institutions are required by their regulators to have a risk appetite statement, and asked my views on assessing their effectiveness.

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Risk Management Banking Management Compliance 53

Norman Marks

DECEMBER 8, 2022

Earlier this week, I enjoyed a conversation with Joshua Rosenberg, Executive Vice President and Chief Risk Officer of the Federal Reserve Bank of New York. I was great to chat with a gentleman who has a prominent position, and whose thinking on risk management appears to be well aligned with mine (with a few exceptions, […].

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Risk Management Banking Management Compliance 58

Norman Marks

JUNE 19, 2023

Lisa Young has a lot of experience in cybersecurity and cyber risk management. When she says something about cyber and cyber risk, we should listen. Recently, she wrote a piece for ISACA, Getting More Value from Risk Assessments. Look at her impressive LinkedIn profile.)

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Trade Brains

MARCH 11, 2024

Operating Profit Margin (%) 49.67% Net Profit Margin (%) 44.36% Large Cap Stocks With High NPM #2 – Oracle Financial Services Oracle Financial Services Software Limited is a subsidiary of Oracle, a world leader in providing financial technology solutions across retail banking, corporate banking, risk, financial crime, and compliance management.

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Good Financial Cents

AUGUST 12, 2023

Understanding these rules or consulting a tax professional is vital to maximizing after-tax returns and compliance with tax laws. Whether it’s investment in different market sectors, rental properties across various locations, or a mix of bonds and stocks, diversification is a fundamental risk management strategy in financial planning.

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Norman Marks

MARCH 22, 2022

My good friend, Michael Rasmussen, has shared an article that was recently published by the Institute of Risk Management. (I These are three of today’s buzzwords. I am an Honorary Fellow of that institute and Michael has received other honors from them.) I like what he has to say about agility: Agility is a thing of […].

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WiserAdvisor

MARCH 13, 2024

It serves as a fundamental risk management strategy. Retirement accounts, such as 401(k)s and IRAs, are essential components of income planning, but navigating the rules governing withdrawals and RMDs can be complex. Diversification lies at the heart of investment planning.

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Retirement Planning Retirement Planning Estate Planning 105

Brown Advisory

JUNE 2, 2021

The opportunity set for global sustainable fixed income investing comprises a large and growing amount of debt issued by companies, governments and other entities committed to sustainable practices. Furthermore, adherence and compliance with the criteria are largely determined by issuer and/or underwriter, posing a conflict of interest.

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Brown Advisory

JUNE 2, 2021

The opportunity set for global sustainable fixed income investing comprises a large and growing amount of debt issued by companies, governments and other entities committed to sustainable practices. Furthermore, adherence and compliance with the criteria are largely determined by issuer and/or underwriter, posing a conflict of interest.

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Certification Investing Investments Compliance 52

Norman Marks

JULY 25, 2022

My thanks to Alex Sidorenko, who recently wrote about The Directors and Chief Risk Officers Group (DCRO) on his blog in Companies need intelligent risk-taking to survive according to DCRO Institute. I really like the shift from talking about risk management to risk-taking.

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Government Risk Management Management Compliance 58

Norman Marks

MARCH 18, 2022

For example, the traditional way of thinking about responses to risk includes the expression “accepting risk”. A single word can change so much. The options are avoiding, transferring, or mitigating. The idea of taking more (!) is ignored.) That is so passive!

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Risk Management Guru

AUGUST 12, 2020

A continual culture of compliance is successfully achieved through using compliance software along with a healthy mix of risk assessments, inspections, and ongoing trainings all directed from the top down. The post 7 Risk Assessment Blind Spots (and How to Beat Them) appeared first on Risk Management Guru.

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The Big Picture

AUGUST 15, 2023

RITHOLTZ: But did the oversight, the governance get it? SEIDES: The success of that governance. And at the time, I was managing Protege Partners as a hedge fund of funds. Let me say what your compliance wouldn’t allow you to say. We’ll call that the governance structure. They really did. RITHOLTZ: Okay.

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The Big Picture

DECEMBER 6, 2022

People in Spain when I was growing up in the ‘80s and ‘90s, they expect to just retire and have the government give them like a paycheck every month. But when you factor in, you know, legal costs, compliance, portfolio management, trading, there is a lot that goes into launching an ETF. You also have an S&P 500 Covered Call.

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The Big Picture

MAY 23, 2023

So, we’ll take elements or particular strategies from each part of our discretionary strategy and match it with con strategy and return it to clients because we understand and we work with them on their portfolio, the exposure, what they need to achieve, their risk management to create something that is a spoke for them.

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SEI

SEPTEMBER 6, 2022

The space is still relatively nascent, terminology is still enigmatic at times, and there remains a large degree of uncertainly and opaqueness with regulatory and tax compliance, which hinders broader institutional adoption. . Not only can an investor benefit financially from owning a crypto token/NFT that constitutes ownership of the Web 3.0

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