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Poole College of Management
Enterprise Risk Management Initiative

Operational Risk

Nov 7, 2007

Tackling Risk Appetite

MasterCard’s Spencer Schwartz shares insights on defining risk appetite at the 2007 ERM Roundtable. Discover MasterCard’s step-by-step process, from assessing risks to simulating outcomes and aligning risk with business performance metrics.

Jun 5, 2007

Risk Manager Trepidation

Russ Banham advises risk managers to look beyond traditional models, emphasizing human and reputational risks. Learn how enterprise risk management can address these threats. Read the full report here.

Apr 27, 2007

Risk Management at the U.S. Securities and Exchange Commission

Explore the SEC’s approach to risk management, including the role of the Office of Risk Analysis, which focuses on reducing risk management constraints and assisting SEC divisions in risk identification and mitigation efforts.

Jan 31, 2007

Survey by KPMG – ERM in the US

KPMG's survey reveals top drivers for ERM efforts, such as preventing financial losses and improving performance. Discover key challenges like integrating ERM with strategy and meeting regulatory compliance, along with critical ERM components.

Jan 1, 2007

Sustainability—Beyond Enterprise Risk Management

AON’s sustainability platform broadens ERM to include social, environmental, and economic factors. Learn how this approach helps businesses manage risks like climate change and boost profitability, brand reputation, and operational efficiency.

Nov 1, 2006

A Changing Risk Landscape – A Study of Corporate ERM in the U.S.

The 2006 survey by Towers Perrin and Monitor Group of 75 senior finance executives from large publicly traded US companies highlights a rising focus on risk management. Key findings include the identification of major risk categories such as operational, strategic, financial, and compliance risks, with a notable trend towards the adoption of Enterprise Risk Management (ERM) for better communication and risk-return management.

Sep 22, 2006

Wachovia Corporation’s Approach to ERM

Discover how Wachovia Corporation integrates ERM to manage credit, market, and operational risks while fostering a strong risk culture and governance through board-led oversight and strategic risk committees.

Apr 28, 2006

Bank Supervisor’s Perspective on ERM

Susan S. Bies, Member of the Board of Governors of the Federal Reserve System in Washington, DC spoke on April 28th to over 200 business professionals at the last of three Spring 2006 ERM Roundtables. As a major leader within U.S. banking supervision, Governor Bies provided her perspectives on enterprise risk management (ERM). While her comments focused heavily on implications for banking institutions, her comments emphasized the importance of ERM for enterprises across all types of industries.

Sep 30, 2005

Evolution of ERM

Business professionals have varied personal definitions of enterprise risk management (ERM) based on their limited exposure to the new idea and their specific encounters with its effects given their roles within their companies. However, in order to better understand risk management, and especially ERM, risk itself must be better understood with greater uniformity than that with which it has been understood in the past. Misconceptions have kept business professionals from understanding risk as measurable in both negative and positive outcomes, as existent even without the occurrence of an event, and as affective of businesses in many areas, not just in the consideration of insurance.

Jul 1, 2005

ERM – UnitedHealth Group

UnitedHealth Group has implemented ERM within the organization to help identify risks and alleviate negative exposures while profiting from positive opportunities. ERM implementation at UnitedHealth Group evolved out of their Business Risk Management processes used in their six diverse operating businesses.