RISK BLOG
Unlocking Growth and Profitability with RiskSmart: The GRC Tool Every Company Needs
Running a small or mid-sized business (SME) can feel like balancing a lot of spinning plates. You’re dealing with regulations,
Why the Chief Risk Officer is the Most Underappreciated Member of the C-Suite (and How to Get the Recognition You Deserve)
Imagine this: The CFO walks into the boardroom, and suddenly, everyone’s wide awake, taking notes like they’re at a rock
The Role of the Risk Function: Your Secret Weapon for Growth
Let’s face it—most people hear “risk management” and think of it as the fun police, throwing a wet blanket over
Risk Reporting That Actually Gets Executives to Act: A Fun, No-Nonsense Guide for CROs and Heads of ERM
If you’ve ever handed over a 40-page risk report only to see executives’ eyes glaze over, you’re not alone. The
Beyond Compliance: How DigitalBank’s CRO Operationalized DORA for Strategic Advantage
As the clock struck midnight on January 17, 2025, the Digital Operational Resilience Act (DORA) officially came into effect. For
15 Key Signs of Poor Risk Culture in Organisations
🚨 Is your organization showing signs of a poor risk culture? 🚨 A weak risk culture can be a ticking
🚀 Prepare for DORA & Operational Resilience Compliance in 2024 🌍
🚀 Prepare for DORA & Operational Resilience Compliance in 2024 🌍 With DORA and the Operational Resilience Framework set to
Cracking the Code of Risk Aggregation: How to Simplify Complex Risks and Wow Your Board with Data-Driven Insights!
Have you ever found yourself staring at multiple risk assessments, all reporting different ratings for the same risk, and wondering
ARE RISK MANAGERS “BLOCKERS”? DO THEY ADD VALUE TO THE BUSINESS?
Risk managers are often perceived as “blockers,” but in reality, they should be playing a crucial role in adding value
Are you as CRO being ignored by the business because your team is viewed as “Blockers”?
Chief Risk Officers (CROs) often play a pivotal role in shaping how risk managers are perceived within a business. The
Building a Strong Risk Culture: Key to Business Success
Building a Strong Risk Culture: Key to Business Success In today’s fast-paced business world, a robust risk culture is essential
CitiBank once again fined by the regulators. What on earth is going on with this Bank?
Here are the recent fines Citibank has faced due to poor risk management: – July 2024: Citibank was fined $135.6
Embedding Operational Risk Management in Financial Institutions
Below I’ve listed a quick checklist for those committed to bring Operational Risk Management to life. 🔶 Strategies and Challenges
Harnessing Soft Power for Risk Managers!
Did anyone catch the highlights of Anant Ambani’s lavish wedding, the youngest son of India’s wealthiest individual? While some have
Having developed your risk appetite statements and set the tolerance levels
Having developed your risk appetite statements and set the tolerance levels, the next step is to implement them operationally. Below
How does risk management inform decision-making?
As a risk manager, we are responsible for supporting the business with valuable risk insights to help inform decision-making. The
Improving a Bank’s Risk Function
Risk function is essential for overseeing and addressing potential threats to a bank’s operations and goals. What are its objectives:
Lloyds Bank
Lloyds Bank is downsizing its risk management department as part of its strategic transformation. The move comes after an internal review
Risk Appetite vs. Risk Tolerance: Why These Confusing Concepts Matter for Your Business
Risk Appetite vs. Risk Tolerance: Why These Confusing Concepts Matter for Your Business Have you ever sat in a
The Good and Ugly with RCSAs
I’m currently rolling out a risk and control assessment process across the IT function of a small challenger bank. Done
What comes first? The Chicken or the Egg? Risk Culture or Operational Resilience?
What comes first? The Chicken or the Egg? Risk Culture or Operational Resilience? When thinking about whether to focus first
What exactly is the role of ERM?
What exactly is the role of ERM? “It is not just about producing reports for the board, ensuring compliance
🌟 What’s Wrong with Enterprise Risk Management?
🌟 What’s Wrong with Enterprise Risk Management? 📊 Too Much Focus on Reporting Issue: ERM often prioritizes reporting over
Bank Mergers: Why the CRO is the Real Captain of the Ship
Bank Mergers: Why the CRO is the Real Captain of the Ship I have recently completed a vast and intricate
Streamlining Risk Management with a GRC System: A Comprehensive Guide
When it comes to running a business, managing risk is like walking a tightrope. You need to maintain balance, constantly
Why Operational Resilience is your best defense against Interconnected Risks
In today’s rapidly changing world, businesses are no longer dealing with one risk at a time. Instead, they face a
How to sleep soundly as a CEO in the Cypto World: Managing IT Risks for a Trading Platform
Imagine you’re the CEO of CryptoEdge, a cryptocurrency derivative trading platform. You’re running a business that’s fast-paced, innovative, and operating
Quick Wins – Operational Resilience
The ability for a firm to respond, recover and adapt to major disruptions inthe most efficient and effective way possible
Preserve and Create Value: The Risk Management Blueprint for Fin/Insur/Reg Tech Startups
Starting a Tech company is one of the most exciting ventures in today’s digital economy. Whether you’re redefining financial services,
Simplifying ESG Compliance
Practical Insights for Every Business As the world becomes more aware of environmental issues, fair treatment of people, and the
“Born in the Cloud”
Navigating the Cloud: Ensuring Security in Digital Banking I’m currently delivering a risk and control assessment project for a digital
Are you afraid of being cyber attacked?
Digital Transformation and Cybersecurity Risks In recent years, our lives have seen a massive shift towards the digital realm. From
Risk Managers, how many ways do you use to assess risks? And please don’t say only one. Here’s a checklist.
Risk assessment and quantification are essential processes for identifying, analyzing, and prioritizing risks within an organization. Several methods and techniques
Risk Culture – Some quick wins
Implementing a risk culture within an organisation is a strategic initiative that not only safeguards the firm against potential threats
The New World Order and the Decline of US Hegemony -Are You ready for the changes to come?
The increase in global polarization, the perceived decline of U.S. hegemony, and discussions about the emergence of a New World
Is your Internal Control Framework fit for purpose?
Under the new Corporate Governance Code Provision 29, Boards should monitor the company’s risk management and internal control framework and,
How will you use AI to strengthen the risk culture of your organisation?
1. Understanding Good Risk Culture: A good risk culture is an environment where every member of the organization is aware,
UK Corporate Governance Code 2024 – Preparing Board Readiness
What is Corporate Governance? Corporate governance is defined as ‘the system by which companies are directed and controlled. Boards of
DORA -Digital Operational Resilience Act – Are you ready for the 17th January 2025?
Introduction:The Digital Operational Resilience Act (DORA) is a significant regulatory framework set to come into effect in January 2025, focusing
How do you gain risk support from the Board?
As a Chief Risk Officer, explaining to the Board how risk management can help an organization achieve its strategic objectives
“Embedding” Test
How embedded is your risk management? Test your risk embeddedness against these criteria S is for Sponsored – ensuring that
Are you paralysed by uncertainty?
As we start to approach the tail end of this pandemic and see some glimmer of hope, it is apparent
Does your operational risk management need a revamp?
Covid 19 has no doubt heightened the senses of most organisations and accelerated the need to better manage operational risks