Risk mitigation and trade-off The treatment of compliance risks refers to the corresponding strategies implemented by an organization to deal with its risks. A risk treatment plan should consider a… Continue reading Compliance Risk Management – Risk mitigation and reporting
Tag: Security
Compliance Risk Management – Risk analysis (part 5)
Step 5. Measure the effect of risks on decisions In order to account for the uncertainty both in the consequences of each scenario and its weight, consequence distributions are multiplied… Continue reading Compliance Risk Management – Risk analysis (part 5)
Compliance Risk Management – Risk analysis (part 4)
Step 4. Allocate weights to each scenario In order to determine the weight allocated to each consequence scenario of events triggered by compliance risk, historical data, modelling, as well as… Continue reading Compliance Risk Management – Risk analysis (part 4)
Compliance Risk Management – Risk analysis (part 3)
Step 3. Determine the range of consequences for each scenario In order to quantitatively assess compliance risks the next step involves defining the possible range of values for each consequence… Continue reading Compliance Risk Management – Risk analysis (part 3)
Compliance Risk Management – Risk analysis (part 2)
Step 2. Identify causes and consequence scenarios Causes and consequences for the bow-tie diagram are normally derived from the regulations as well as through consultation with risk owners and subject… Continue reading Compliance Risk Management – Risk analysis (part 2)
Compliance Risk Management – Risk analysis (part 1)
Wherever possible companies should apply quantitative risk analysis to measure and prioritize compliance risks. Wait what? We can do better than a compliance heatmap? Apparently :)) The following information should… Continue reading Compliance Risk Management – Risk analysis (part 1)
Compliance Risk Management – Risk identification
Every organisation is required to comply with laws within the countries it operates in, the legal and regulatory requirements vary between different regions adding to the need to have understanding… Continue reading Compliance Risk Management – Risk identification
WATCH REPLAY: Alex Sidorenko – Why businesses and decision-makers must embrace Risk Management 2
One major flaw in the risk management industry is that the commonly adhered to standards and practices are built on theories that have no basis in scientific fact. Indeed, risk… Continue reading WATCH REPLAY: Alex Sidorenko – Why businesses and decision-makers must embrace Risk Management 2
WATCH REPLAY: 45 risk management and decision making workshops available on demand
Every year I ask the best quant risk and decision making professionals I can find to share their models, simulations, methodologies and case studies with the public. We call it… Continue reading WATCH REPLAY: 45 risk management and decision making workshops available on demand
RAW2020 starts tomorrow for 3500+ participants
Join the Risk Management Awareness week from 12 to 16 October 2020. Amazing lineup of speakers running online workshops dedicated to integrating risk management into decision making, planning, project management,… Continue reading RAW2020 starts tomorrow for 3500+ participants
