This category contains 6 posts

Promoting a CRO From Within

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

Thoughts on ERM Dashboards

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

Enterprise Risk Assessments Consider Both the Forest and the Trees

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

The Evolving Role of the Chief Risk Officer

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

Seriously, What Does ERM Really Mean?

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

Welcome to ERM Advantage!

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

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