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PRE-RECORDED WEBINARS This webinar presents the 10 key criteria that define best practices for an ERM program, and which can be used to benchmark the robustness of any ERM program. We will discuss common industry practices and evaluate them against each of these ten criteria, and discuss the advantages and disadvantages, for each key criterion. Since risk identification is the first step in the ERM process cycle, most assume that by now standard practice must be best practice, but this is not the case. This webinar discusses the critical mistakes commonly made in risk identification that can derail an ERM process, and the five keys to successfully avoiding them. Most ERM programs suffer from three main shortcomings: (1) an inability to quantify strategic risks; (2) an unclear definition of risk appetite; and (3) a lack of integration into decision making. In this webinar, we introduce a best practice approach called value-based ERM, and discuss how it resolves these difficulties and helps chief risk officers easily build buy-in for their ERM programs. Includes case studies.
In the wake of the financial crisis, many have asked whether this was a failure of ERM or a failure of banks to practice ERM. In this webinar, we answer this question by examining bank risk management practices, evaluating them against the 10 key ERM criteria, and producing an ERM scorecard for the banking sector. There are several killer risks that most organizations commonly overlook. In this webinar, we identify these killer risks, discuss their root causes and characteristics, and offer suggestions on how to mitigate them.
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