Norman Marks

MARCH 4, 2024

Professor Mark Beasley has been a professor for 30 years and is a leader of the North Carolina State University’s Enterprise Risk Management Initiative. He was a board member of COSO for 7 years, has been a member of the member of the United Nation’s Internal Control Advisory Group for the last 7 years, and […]

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Norman Marks

OCTOBER 14, 2024

But I am back to the more serious business of writing about internal auditing and risk management, this time it’s a book about how to audit risk management. Even with my many years of risk management and […] Writing a novel was fun, especially as I have been told it is quite entertaining.

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Risk Management Guru

FEBRUARY 2, 2021

Financial risk and compliance. Agriculture farmers and buyers must ensure a complete audit trail of trading and finance and ensure regulatory compliance across geographies and borders. Cost management. The post Agriculture Industry: Trading and Risk Management appeared first on Risk Management Guru.

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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 14, 2022

My thanks go to Professors Mark Beasley and Bruce Branson of North Carolina State University’s Poole College of Management (the Enterprise Risk Management Initiative). They recently published 2022 The State of Risk Oversight: An Overview of Enterprise Risk Management Practices – 13th Edition.

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Norman Marks

SEPTEMBER 18, 2024

But I am going to take one CFO, share what he has to say about risk management, and talk about how dangerous his views and practices are. It is far too easy to generalize about all CFOs from the example of one. The Wall Street Journal recently published an article provided by Deloitte, Frank D’Amelio, […]

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Yardley Wealth Management

DECEMBER 3, 2024

Compliance and Regulatory Requirements Corporations and LLCs face stricter regulatory requirements than sole proprietorships and partnerships. Conclusion Choosing the right business structure is a crucial decision that influences financial success and risk management.

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Compliance Financial Planner Taxes Wealth Management 40

Norman Marks

MAY 30, 2023

The management team at Silicon Valley Bank failed to take precautions against rising interest rates that would devalue their assets. Was that a risk management failure? I call it a management failure. They knew or should have known of the risk and taken earlier action.

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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

NOVEMBER 13, 2024

My good friend, Brian Barnier, is a brilliant individual with excellent insights into financial and cyber risk management His personal website has a challenging sidebar. It says: Good risk management is… Building value Always having a Plan B (and C, D and …) The laser eye surgery of business — it sharpens focus.

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Diamond Consultants

DECEMBER 4, 2024

Protect Yourself We live in a world of zero-tolerance compliance and risk management. There may not be a microscope on you now, but it’s possible it will be turned on down the road, either because of a compliance issue or because you are pursuing a change. Be rigorous with documenting notes around all client interactions.

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Norman Marks

APRIL 2, 2025

When I think about risk management and the business I usually have the perspective of a business leader. Maybe thats because by the time I was leading a risk management function, I was already a vice president and working with the executive management team.

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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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Norman Marks

APRIL 4, 2024

I congratulate José David Pino for his brave attempt to call attention to ineffective risk management in his article for the IIA’s magazine, On the Frontlines: How Mature is Your Risk Management?

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Norman Marks

AUGUST 7, 2024

On the same day that I published my last blog post, Important survey results for internal audit, boards, and management, explaining how internal audit can help their organization upgrade risk management processes, I saw the IIA President and CEO, Anthony Pugliese, announce: UPDATED GLOBAL PRACTICE GUIDE: Assessing the Risk Management Process, 2nd Edition (..)

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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

NOVEMBER 23, 2023

The regulatory landscape for risk management in financial services is constantly evolving, presenting a formidable challenge for firms and Banks striving to comply and manage their risk profiles effectively. This engagement fosters a collaborative environment and enhances regulatory awareness.

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Trade Brains

JUNE 27, 2025

Kfin Technologies is known for its robust technology platform, which supports large-scale investor servicing and compliance. Better Hedging and Risk Management: Investors and traders gain access to futures and options contracts, allowing them to hedge their positions in the stock market and manage risk more effectively.

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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 17, 2023

Professors Mark Beasley and Bruce Branson of the North Carolina State University’s Poole College of Management have shared with us for 14 years the results of their surveys of risk management practices.

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Carson Wealth

JULY 3, 2024

Identifying these risks early and having a plan to mitigate them can save your business from significant setbacks. Conduct a risk assessment to identify potential risks and their impact on your business. Get Help with Tax Planning Tax planning is a critical component of financial management.

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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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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

Midstream Marketing

OCTOBER 31, 2024

Compliance and Regulatory Advertising Standards The financial services industry has many rules. They help financial institutions feel secure by focusing on risk management. They provide market analysis, offer digital solutions, and ensure compliance with all rules and laws. Businesses must follow these advertising rules.

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Harness Wealth

APRIL 16, 2025

The inheritance of historical tax obligations in stock deals creates significant risk management challenges. This involves ensuring compliance with all eligibility criteria, such as maintaining the correct entity type, monitoring asset levels, and adhering to the required holding period.

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Million Dollar Round Table (MDRT)

APRIL 4, 2023

If I’m going to do a global risk management project for your finance s , you ’ve got to tell me everything.” ” But, of course, when I first designed the program, I knew that when we do compliance fact-finders, one of the first two pages is asking about their income.

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Midstream Marketing

DECEMBER 6, 2024

Compliance and Security for RIAs Compliance and data security matter a lot in the financial services industry. By focusing on compliance and security, you can earn your clients trust. It is a good idea to speak with a compliance expert or a legal professional who knows about financial services.

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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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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. This is just one of the reasons that I […]

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Trade Brains

JUNE 16, 2025

Non-compliance with these regulations may pose operational risks for the company. Additionally, the sector is regulated under the Sugar (Control) Order, which mandates stock limits, transportation norms, and controlled sales, along with the government-fixed Fair and Remunerative Price (FRP) for sugarcane.

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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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Harness Wealth

APRIL 16, 2025

The elimination of this risk management tool forced a paradigm shift in conversion planning. Strategic alternatives to recharacterization today Partial conversions have emerged as a primary risk management tool in the post-recharacterization era. This systematic approach ensures compliance and optimal tax outcomes.

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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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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. Employment numbers for Financial Managers are expected to rise by 17% over the next decade, faster than the average for all occupations. Chief Compliance Officer.

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International College of Financial Planning

MARCH 31, 2023

Wealth management is an important aspect of the financial world that focuses on managing wealth to help individuals and families achieve their financial goals. Wealth management involves a range of financial services as an investment, finance, real estate, tax, and risk management.

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Trade Brains

SEPTEMBER 26, 2024

NSE also oversees compliance by its members and listed companies with relevant rules and regulations. Risk management: NSE’s robust risk management system ensures market stability and investor protection, supporting its long-standing reputation for reliability and trust in volatile market conditions.

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Indigo Marketing Agency

APRIL 28, 2023

Do you offer risk management that helps them sleep at night? Once you’re happy with the result, send it to compliance, feature it on your website, and don’t forget to share it on your social media profiles! Clients choose to take action and work with you to solve one of their problems. Do you simplify their financial picture?

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