Wealth Management

AUGUST 4, 2023

Risk management expert Rick Bookstaber and Fabric CEO Govinda Quish discuss how technology is keeping up with risk management.

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Risk Management Management 98

Norman Marks

DECEMBER 23, 2022

First, I will review the answers about auditing risk management. Q1: Does your internal audit function audit the organization’s management of risk? The results from my recent survey (thanks to the 75 internal audit practitioners who responded) are interesting. You can see the results of the earlier survey here.)

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Risk Management Management Government 81

Norman Marks

JULY 8, 2022

In my last post, I outlined (at a very high level, with no detail) what I considered effective risk management entailed: When setting objectives, goals, and strategies, consider the things that might happen (both positive, opportunities, and negative, risks) and set achievable (if a bit of a stretch) objectives that will achieve the purpose of […]. (..)

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Risk Management Management 97

Wealth Management

APRIL 7, 2024

Higher interest rates bring fixed income and alternative investments into the spotlight again.

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Risk Management Management Investing Investments 109

Risk Management Guru

SEPTEMBER 27, 2021

Founded by Boris Agranovich in 2010, the Global Risk Community (GRC) is the world’s leading community for Risk Managers. According to its official information, GRC is also the world’s first crowdsourced training platform for Risk Managers. Source: Risk Management Show.

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Risk Management Management Compliance Government 52

Wealth Management

FEBRUARY 27, 2024

Directors and officers liability and professional liability insurance.

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Risk Management Management Insurance 103

Abnormal Returns

JULY 26, 2022

Inflation Hedging inflation is harder than it looks. insights.factorresearch.com) Can Twitter be used to forecast inflation? alphaarchitect.com) Performance The performance of tactical asset allocation mutual funds has been no great shakes. morningstar.com) How have multi-factor portfolios performed in practice.

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Risk Management Management Asset Allocation Media 130

Norman Marks

JUNE 12, 2023

to share my views on how the global risk management standard, ISO 31000:2018, should be improved. It’s a standard that I prefer to COSO’s 2017 Enterprise Risk Management Framework (although I prefer the principles in the ISO 31000:2009[1] version[2]). I was pleased to receive a request from Peter Blokland, PhD.

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Risk Management Management Government 56

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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Risk Management Management Banking Assets 45

BlueMind

OCTOBER 25, 2022

However, amid these fears, it has become difficult for financial advisors to explain to clients that taking appropriate risks is deemed necessary in order to ensure your portfolio has the growth potential to reach your financial goals. Would they consider a 5% return worth taking a risk or 20%?

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Risk Management Clients Risk Tolerance Management 97

Norman Marks

JUNE 22, 2023

Earlier this year, IIA Norway shared Good Practice Guidelines for the Enterprise Risk Management Function. They explain: The target group for these guidelines is organisations that would like to either establish an Enterprise Risk Management function or develop their existing risk management function further.

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Risk Management Management Government 49

Validea

OCTOBER 12, 2022

The fact that bonds haven’t worked has made risk management very challenging during this bear market. But that doesn’t mean there was no way to manage risk. One of the things we do at Validea is track a variety of ETF based risk management approaches that utilize different methods to diversify equity portfolios.

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Risk Management Management Asset Allocation Portfolio 115

Risk Management Guru

SEPTEMBER 29, 2022

In the stock market, risk management is locating, quantifying, and dealing with the various risks that can affect investment. Due to the potential negative effects of various risks on a person’s investment portfolio, effective risk management is crucial. appeared first on Risk Management Guru.

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Risk Management Management Marketing Marketing 59

Norman Marks

APRIL 17, 2023

That doesn’t mean you have to be an expert with years of experience as a risk practitioner. But you have to know enough about risk management to be able to assess whether it is effective. You can’t audit what you don’t understand. X What does “effective” mean? It means, in my opinion, that it meets […]

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Risk Management Management Government 49

Advisor Perspectives

JUNE 26, 2023

The complexity of some risk management platforms can lead to a steep learning curve for institutional investors, draining resources and creating stress.

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Risk Management Management 52

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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Risk Management Management Compliance Government 40

David Nelson

JANUARY 3, 2023

By David Nelson, CFA CMT All branches of the military use ORM or their own Operational Risk Management system. We identify the risks even those with low probability and make a quantitative judgement as to the feasibility of the mission and or flight.

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Risk Management Portfolio Management Valuation 98

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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Risk Management Management Compliance Government 58

Norman Marks

JUNE 29, 2023

The current internal auditing standards from the IIA (not the draft update) require internal auditors to assess the adequacy of management’s risk management processes. In this case, the reason is that if management […] That sounds fine, but why?

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Risk Management Management Government 40

Norman Marks

MARCH 6, 2023

The majority of speakers didn’t seem to understand enterprise risk management (the big […] While they have produced some excellent pieces of thought leadership (under the leadership of Carol Fox), I was struck at the time by the dominance of people with a background in insurance.

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Risk Management Management Insurance Government 56

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

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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Risk Management Management Compliance Government 49

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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Risk Management Management Compliance Government 80

Norman Marks

JULY 11, 2022

The IIA published a Practice Guide, Assessing the Risk Management Process, in 2019. It is recommended guidance and not mandatory. What is mandatory in the IIA Standards is performing an assessment, and this Practice Guide (PG) is intended as helpful advice on how to do it. While the Standards say that you must perform an […].

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Risk Management Guru

FEBRUARY 2, 2021

The need of the hour is a comprehensive solution suite that meets all the commodity trading, risk management and supply chain requirements. The post Agriculture Industry: Trading and Risk Management appeared first on Risk Management Guru. To talk to Eka experts, write to info@eka1.com.

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Risk Management Management Compliance Medical 52

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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Risk Management Banking Management Assets 40

Advisor Perspectives

AUGUST 15, 2023

Here are useful tips and advice for business owners and leaders like you who are dealing with resilience and risk management after the pandemic.

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Risk Management Management 52

Norman Marks

DECEMBER 13, 2022

This time its about how internal auditors address risk management, including whether and how they audit it; who performs the risk assessment for management and the board; and how the audit plan is built. I would appreciate your help with another short survey. You can find it here. Thanks in advance.

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Risk Management Management Planning 49

Norman Marks

NOVEMBER 6, 2023

For many years, the ERM Initiative of North Carolina University, in partnership with the AICPA & CIMA, has surveyed organizations about their assessments of the maturity of “risk oversight[1]” at their organizations. The two authors, Professors Mark […]

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Risk Management Management Government 49

Norman Marks

MARCH 14, 2023

I have seen some unfortunate postings on social media and in the news. Self-appointed experts telling us what happened, why, and whose fault it was. There’s a political battle going on as well, with people blaming federal government administrations, regulators, and so on. I’m not going to get into that. But I think it is […]

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Risk Management Banking Management Government 100

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 Management Compliance Government 56

Norman Marks

OCTOBER 17, 2022

I like this review of the guidelines published a couple of years ago by internal auditors in the Nordics. Guest blogger Marinus de Pooter highlights some good points and areas of weakness. == A steering group drawn from the Institutes of Internal Auditors for the Nordic and Baltic countries issued the ‘Good practice guidelines for […].

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Risk Management Management 98

WiserAdvisor

SEPTEMBER 8, 2022

Interest rate risk, inflation risk, recession risk, and others can surface from time to time and affect your investments as well as peace of mind. This is why portfolio risk management can be very critical. However, it is crucial to understand how to manage portfolio risk and what can trigger it.

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Risk Management Portfolio Management Asset Allocation 52

Wealth Management

OCTOBER 18, 2023

Wednesday, November 15, 2023 | 2:00 PM ET

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Risk Management Management 104

Norman Marks

OCTOBER 31, 2022

The questions ask for your assessment of the management of risk at your organization, whether you are a board member, in management, a practitioner, a consultant, or hold a different position. I would appreciate your helping me with a short survey. It should only take a few minutes.

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Risk Management Management Consulting 53

Norman Marks

FEBRUARY 25, 2023

I have self-published all but two of my books on Amazon (the others being the IIA’s Management Guide to Sarbanes-Oxley Section 404, which is available through the IIA’s bookstore, and the not-for-profit […] I am pleased to announce that my best-seller will be available in hardcover in a few days. You can find it on Amazon.

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Risk Management Management 45

Advisor Perspectives

FEBRUARY 1, 2024

The inflation problem is largely behind us, and most signs suggest that Federal Reserve policymakers know it. So why didn’t they just go ahead and cut rates on Wednesday instead of leaving their target range at 5.25% to 5.5%? Why wait until March or (more likely) May?

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Risk Management Economics Management 52