Tag Archives: operational risk

Getting compliance right

Clark Abrahams, Chief Financial Architect, SAS

With close scrutiny from the regulators and government agencies, senior managers and boards are increasingly relying on its compliance teams. Read what role an organization’s compliance team plays in making strategic decisions.

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How to develop today’s credit risk management framework

Waynette Tubbs, Editor

In light of the shortcomings uncovered in the past three years, banks are now finding that a flexible and integrated approach to risk management is required for a more reliable picture of the bank. Find out how successful financial services firms are optimizing and streamlining processes for risk management across their credit portfolios.

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Normal accidents, risk, and the man who saved the world

leo_sadovy

Operational risk and complexity risk can go hand-in-hand. Leo Sadovy is author of the Value Alley blog at SAS, a thought leader in financial management and responsible for performance management solutions marketing at SAS. Above all, he is a master story teller who can weave together the examples needed to help us easily understand complex ideas. In this post, Sadovy discusses the challenges institutions face when one failure sets off another somewhere downstream.

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Five steps to build a GRC culture

Five steps to build a GRC culture

Corporate culture is the foundation for any business. It dictates how employees will treat customers and one another, and it molds the kind of image and brand reputation that management desires. A corporate GRC culture goes even farther to improve internal controls and minimize surprises. Read Clark Abrahams’ five steps to building your GRC culture.

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Four reasons data needs a Board’s eye view

David Rogers

Financial institutions worldwide have begun to realize that data isn’t an operational issue reserved for the IT department; instead it should be considered an asset with fundamental strategic importance. Find out why data has risen to become a board-level issue.

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The operational risk dilemma: Prevent the fire

Rachel Alt-Simmons

Events of the past decade have highlighted insurers’ need to evaluate the impact of operational risks. Rachel Alt-Simmons gives examples of insurers that have not adequately protected themselves from disaster or loss. Read what you can do.

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How to know if your firm needs GRC

Clark Abrahams, Chief Financial Architect, SAS

Some dismiss GRC because they see it as a “boil the ocean” solution that tries to take on so much as to be completely overwhelming and impractical. Clark Abrahams suggests a step-by-step approach, starting with a current business pain.

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