The Knowledge Exchange / Risk Management / Waynette Tubbs, Managing Editor / Page 2

Tips for aligning IT with business for big data success

Left to right: Martha Jane Avstreih-Ross; Ann Woloszynski; James Miller

When IT execs talk about big data, they say they have to start with baby steps; they have to get buy in from many areas of the organization. Here are some of their tips for getting both IT and executives on board with analytics implementations and data governance policies that will help the organization make the most of data.

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Six steps to data quality

Six guidelines for stress testing

A lot of what Solvency II addresses is improving transparency across the firm, between the firm and its regulators, and with the customer. SAS recommends these six data quality process steps to support Solvency II initiatives.

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How risk reduction is (and isn’t) rocket science

How Risk Reduction Is (and Isn’t) Rocket Science

New findings from the Project Management Institute (PMI) suggest that organizations that focus on excellence in project management execution can reduce risk, improve performance, save money and achieve a greater return on investment.

Six steps for building a culture of strategic data use

Man climbing a ladder

Since 2006, many boards have appointed chief data officers to work closely with their chief risk officers to evolve the organization’s culture to a data-driven, risk management organization. Read these six steps to help your organization evolve to a successful data-driven organization.

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R.I.S.K. – Risk management for the future

Chris Skinner

Chris Skinner says that CROs have failed in their role of managing risk. But, he doesn’t believe CROs are at fault; “faulty models, ineffective risk systems and a complicated market are the culprits.”

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One step ahead of fraudsters

Insider fraud

Today’s fraudsters always seem to be one step ahead of investigators, so John York, Doris Wong and Dan Zaratsian from SAS wrote a SAS Global Forum paper to show that fraud investigators CAN get the upper hand. In this post, you get the paper and additional information from John York in a video interview.

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What’s your risk attitude? (And how does it affect your company?)

balance_lrg

Firms with an approach that aligns with the real-world will create growth, while firms with a misaligned approach will shrink relative to each other. The risk attitude that aligns well will eventually control more of the market’s resources. Read this Harvard Business Review opinion on how risk attidude – and appetite – affects your firm.

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Risk appetite: A high-stakes juggling act

What’s Your Risk Attitude? (And How Does It Affect Your Company?)

In this short video, Clark Abrahams briefly defines risk appetite, outlines the need for a clearly articulated risk appetite statement, and then discusses the key components of a risk appetite statement

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The ROI of risk management systems

preventing tax fraud

This conversation with Dr. Bob Mark is one of many with risk officers to help answer the question, “How do executives know that their investment in risk management systems are being directed toward the right outcomes?”

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JPMorgan’s loss bigger than ‘risk management’

preventing tax fraud

The recent disclosure of a multibillion-dollar trading loss at JPMorgan Chase reminds us again of the challenge and complexity of risk management and who is ultimately responsible.

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