Operational Risk

May 1, 2005

Role of the Chief Risk Officer

The Chief Risk Officer (CRO) is rapidly becoming one of the most crucial members of the management team. CROs are involved with managing many types of risks faced by a business including regulatory risks, product development risks, and strategic risks.

Mar 18, 2005

Managing Manufacturing and Supply Chain Risks in Global Automotive Operations

Debra Elkins, from General Motors R&D Center, spoke about operational risk management at the March 18, 2005 ERM Roundtable.

Mar 11, 2005

ERM and Business Continuity

There is a huge debate over the roles and positioning of risk management and business continuity management within organizations. Some argue one function should be subordinate to the other. The key, however, is that the organization must determine the functional scopes of each function and communicate the appropriate relationship of the two tasks. Each organization needs to decide the appropriate mixture of these two functions.

Feb 25, 2005

ERM at HCA

Discover how HCA's ERM program integrates leadership oversight, risk assessment, and continuous monitoring to support strategic and financial goals through effective risk management practices.

Dec 31, 2004

Internal Audit’s Role: Fraud and Reputation Risks

Discover how internal auditors can lead antifraud efforts with proactive monitoring, effective controls, and robust risk assessments, reducing fraud and enhancing organizational value.

Nov 19, 2004

ERM: RBC’s Practical Approach

Explore RBC’s comprehensive ERM strategy that integrates risk management into business operations and strategic planning to manage financial, operational, and reputational risks effectively.

Oct 1, 2004

The Orange Book: Management of Risk – Principles and Concepts

The original Orange Book was published by the British government in 2001 to promote more robust risk management practices in government sectors. Since 2001, organizations have begun to now have basic risk management processes in place. The risk management challenge is no longer in the initial identification and analysis of risk and the development of the risk management process. Rather, the challenge today is in the ongoing review and improvement of risk management. Thus, the British government issued this 2004 revision of The Orange Book to include more advanced guidance, such as the importance of “horizon scanning” (a systematic activity designed to identify indicators of changes in risk). This document also examines how the organization’s risk management activities relate to the wider environment in which it functions.

Jul 1, 2004

Outsourcing Decisions: Taking an ERM Approach

Outsourcing business processes like IT and supply chain functions offers cost savings but introduces significant risks across strategy, operations, and reputation. Discover how ERM helps manage these risks holistically for sustainable decisions.

Jun 1, 2004

Basel II: International Convergence of Capital Measurement & Capital Standards: A Revised Framework

Discover how the revised framework strengthens capital adequacy through risk alignment, regulatory oversight, and market discipline, fostering resilience and transparency in banking worldwide.

May 21, 2004

ERM: Improve Quality, Competitiveness, and Costs Through Proactive Management of Risk

Discover how BCBSNC strengthens risk management and compliance through ERM and SOX implementation, driving quality, competitiveness, and value for stakeholders.