ERM Advantage

To all my faithful readers – first, I want to offer apologies that I did not post anything new this week. I have a great many topics in process and had every intention, but as I’ll explain in a minute, this week was a bit overwhelming (in a very good way.) Second, I wanted to … Continue reading →

Once a decision has been made to establish a fulltime Chief Risk Officer (CRO) the next logical question is whether a suitable candidate exists internally or whether one should be hired externally.  There are some definite pros and cons to both strategies, as is the case with any C-level position. An internal candidate already has … Continue reading →

One of the natural consequences of evolving enterprise risk management programs is that they are generating more and more information. So it follows that in the midst of accumulating this mountain of data, (all of which is informative to some degree), a key question has to be asked: “What is the basic, most essential information … Continue reading →

When developing a risk management program you are told that you need to do an enterprise-wide risk assessment (ERA). But despite some limited published work on this subject, the question of what constitutes an “enterprise-wide” risk assessment is still quite vague.  The concept is straightforward enough – attempt to develop a framework that provides some … Continue reading →

In working with different sized institutions to develop an enterprise risk management program, some of the questions that tend to come up relate in particular to the Chief Risk Officer’s (CRO) role, including: To whom should the CRO report? Does the CRO only work on the risk framework or can (or should) he participate in … Continue reading →

The good news is that the idea of developing a solid Enterprise-wide Risk Management (ERM) program is really starting to get some traction. More people are talking about it, the regulators are encouraging it (read: requiring it) and more articles are being written about it. And that’s all very, very good. Here’s the problem. The … Continue reading →

Thank you for visiting ERM Advantage. Hopefully the information you find here will help you in the advancement of your own Enterprise Risk Management program.  Please feel free to comment on any of the content you find here, just remember to be civil, respectful and constructive.  You can also send comments, questions and topical suggestions … Continue reading →