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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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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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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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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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 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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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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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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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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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 Guru

JANUARY 11, 2022

Risk management can be defined as the “process which aims to help organizations understand, evaluate and take action on all their risks with a view to increasing the probability of success and reducing the likelihood of failure” (Hopkin, 2010, p. Limitations of Risk Listing. Introduction.

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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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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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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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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 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 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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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

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 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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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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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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Norman Marks

SEPTEMBER 25, 2023

There have to be some that understand how the effective management of risk helps boards and management teams achieve enterprise objectives through informed and intelligent decisions. It enables people to take the right level of the right risks for success. There are thousands of PwC employees around the world.

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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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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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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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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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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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Norman Marks

SEPTEMBER 13, 2022

The world in which we live is turbulent, with so much happening all the time. That applies to our business as well as our personal lives. Naturally, we try to simplify the complex. Hard to survive otherwise! Our brains are (at least for most of us) unable to fully grasp everything that is happening, so […].

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The Big Picture

SEPTEMBER 16, 2023

Burton explains how the unconstrained approach to institutional asset management creates opportunities for better risk management and an increased chance of superior investment returns. We discuss how the traditional “bucketing” approach of crisply defining asset classes can limit opportunities for asset allocators.

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Advisor Perspectives

JULY 17, 2023

Over the past two years, higher inflation has led to a higher return hurdle for investors who have established real return objectives, making it harder for them to achieve their return objectives over the short term. But is this likely to be the case over the long term as well?

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Norman Marks

AUGUST 15, 2022

Several internationally recognized authors have already addressed a recurring theme in the Risk literature: if a company does not […]. Earlier this year, Marco Nutini asked this challenging question in a newsletter he shared on LinkedIn. He starts with: Calm down, I don’t want to ruin my source of daily bread, let alone create a fuss.

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Wealth Management

JULY 22, 2022

Rick Bookstaber and Dr. Ashby Monk discuss the importance of understanding risk.

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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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Nerd's Eye View

MARCH 15, 2023

Risk management is a key part of many financial advisors’ value propositions. At the same time, clients face another class of risks that advisors often do not consider: cyber. using a client’s personal information for financial gain or other purposes), reputational risk (i.e.,

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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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