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Operational Risk

Jun 26, 2018

COSO’s Take on the Three Lines of Defense

As risks begin to threaten the achievement of company objectives, senior management must determine the appropriate way to respond. Responsibilities and duties must be clearly identified so individuals are aware of their roles in addressing these risks and controls. COSO developed the three lines of defense model that addresses how specific duties related to risks and controls could be assigned and coordinated within the organization to alleviate the threat. Ultimately, the model is designed to ensure individuals within each line of defense are aware of their full responsibilities and how these responsibilities fit into the organization's overall risk and control structure.

Feb 21, 2018

Risk Assessment Approaches at RTI International

Ward Sax, Chief Risk Officer at RTI International, discusses RTI’s successful risk assessment techniques in this interview. Learn how their triennial and quarterly processes help prioritize and manage emerging risks effectively.

Dec 12, 2017

GAO Report on Good Practices in ERM

Discover the updated GAO risk management framework, which integrates ERM concepts to help federal agencies better address uncertainties. Learn about key elements and best practices for effective risk management in a complex, evolving environment.

May 16, 2017

Why Teams Often Make Riskier Decisions Than Individuals (and What You Can Do About It)

Dr. Brad Kirkman, General (Ret.) H. Hugh Shelton Distinguished Professor of Leadership, NC State University Poole College of Management, Shares his insights about how decisions made by teams may actually introduce more risks than when decisions are made individually. He also provides tips for how to counter that concern.

May 2, 2017

Ten Take-Aways from the Spring 2017 NC State ERM Roundtable Summit

At the ERM Roundtable Summit, experts shared practical tips to strengthen ERM processes. From integrating strategy with risk management to developing playbooks and tabletop exercises, these insights will help you enhance your organization's ERM approach.

Dec 8, 2016

2017 Top Risks Report: Executive Perspectives on Top Risks for 2017

NC State's ERM Initiative, with Protiviti, has released the "Executive Perspectives on Top Risks for 2017" report, identifying global economic concerns, regulatory scrutiny, and cyber threats as major risks. The findings underscore the need for enhanced risk management and oversight.

Phil Maxwell

Sep 27, 2016

Risk Identification and Risk Training

Phil Maxwell, Director of Enterprise Risk Management at The Coca-Cola Company shares risk identification techniques and Coca-Cola’s approach to ERM education and training.

Sep 19, 2016

Are Your Goals Incenting Risky Behavior?

Explore how aggressive incentive systems can drive unethical behavior, using examples from Wells Fargo and Volkswagen. Learn how pre-mortem analysis and strong corporate culture can prevent risky behavior.

Scott Williams

Aug 2, 2016

Engaging Management in Risk Identification Processes

Scott Williams, Senior Director of ERM at the Lockheed Martin Corporation, shares techniques used across the organization to engage management in the identification of risks to the organization.

May 2, 2016

A Manager’s Framework To Behavioral Strategy

Discover a four-step behavioral insights framework designed to help business leaders align their objectives with effective risk management strategies. Learn how to identify, assess, and implement behavioral concepts to enhance workplace productivity and achieve business goals.