Tag Archive for risk

Tableau for Effective Risk Management Dashboards

Description of how tableau can be used for effective risk monitoring. Organizations need to have processes in place to ensure they meet compliance requirements and mitigate risk. These processes are supported by the use of solutions such as Tableau Software…

Risk Assessment

Written by: Arijit Bhowmick Complete Credit Risk Assessment can be performed by precise loan pricing, more accurate loss forecasting, better evaluation of investment and disinvestment options, optimal portfolio management. Inaccurate loan-loss provisioning causes a level of “lazy capital” i.e. capital not…

Self-Deception – Modeling “Unknown Unknowns”

By Geary Sikich   Fundamental uncertainties derive from our fragmentary understanding of risk and complex system dynamics and interdependencies. Abundant stochastic variation in risk parameters further exacerbates the ability to clearly assess uncertainties. Uncertainty is not just a single dimension,…

Risk Leadership: Finance Takes the Helm

Risk management in business has never been as complex and multifaceted as it is today – particularly for finance professionals. Not only must they focus on core risks involving treasury or internal financial controls, but they must also consider other…

Costs of Operational Risk Mismanagement

Causes of Operational Risk The Basel Committee on Banking Supervision (BCBS) defines operational risk “as the risk of loss resulting from inadequate or failed internal processes, people and systems or from external events. This definition includes legal risk, but excludes…

Operational Risk: Key Risk Indicators (KRIs)

Key Risk Indicators Defined Key Risk Indicators (KRIs) are an important tool within risk management and are used to enhance the monitoring and mitigation of risks and facilitate risk reporting. Operational risk is defined as the risk of loss resulting…

How ORM Add’s Value to the Business

The identification, assessment, measurement monitoring, and reporting of Operational Risk presents several obstacles; however, it can be worth the trouble. Please use the link below to open the document which provides a high level overview of a few of the key…