For those of you who took our Game of Thrones Risk Manager survey, below please find the Seven Kingdom’s results: From: Seven Kingdoms Risk Management Committee RearrangingTheDeckChairsOnTheTitanic@sevenkingdoms.gov To: Jon Snow <firstname.lastname@example.org>, Daenerys Targaryen <email@example.com>, Cersei Lannister <firstname.lastname@example.org>, Lord Varys <email@example.com>, Tyrion Lannister <firstname.lastname@example.org> Subject: Hiring Announcement Dear Applicants: Thank you for your interest in the […]
Chances are you were ready when FinCEN’s new customer due diligence rules (CDD) requiring the establishment of beneficial ownership for business relationships took effect May 11. But do you know if your policies and procedures are working as intended? If you haven’t addressed risk and put effective controls in place, then you don’t. Implementing CDD […]
There’s something tantalizing about comparisons. It’s nice to know where you stack up when it comes to both your peers and the institutions you aspire to be. Fortunately, when it comes to risk management, there is no shortage of surveys and studies telling you what everybody is up to. So what do the most recent […]
No matter how bright and organized a chief risk officer is, an institution’s enterprise risk management (ERM) program is only effective when employees follow it. That’s why building buy-in is essential for anyone involved in managing risk. In fact, it’s the biggest challenge some CROs face. It certainly is for the banker who manages strategic […]
What’s it like to be a community bank or credit union chief risk officer? It’s a complex, time-consuming job—one that balances day-to-day management with big picture planning. And it may not even be that banker’s only responsibility or even her official title. That’s according to a banker who manages operational risk at a $1 billion+ […]
Strategic risk is the possibility that a company doesn’t make decisions that support its long-term goals. Companies that aren’t managed well and make poor strategic decisions may provide sub-par products or services or even close shop.