ERM Keys
WHAT IS ENTERPRISE RISK MANAGEMENT?
ERM DEFINED
Enterprise Risk Management is a methodology and tool set utilized to identify, analyze, and administer the risks an entity encounters while conducting business.
Regardless of your current situation or your future strategies, ERM performed correctly embraces all 360 degrees of the risk management landscape: Governance Risk, Credit Risk, Operational Risk and Market Risk.
GOVERNANCE RISK
The risk of loss resulting from inadequate or failed enterprise-level oversight, planning oversight, or control.
CREDIT RISK
The risk of loss resulting from a customer or provider failing to perform as agreed on credit extended.
OPERATIONAL RISK
The risk of loss resulting from inadequate or failed processes, people, systems, or external events.
MARKET RISK
The risk of loss resulting from adverse changes in liquidity or the availability, level, or volatility of prices, securities, rates, commodities, or currencies.
REGULATOR & STANDARDS BOARDS
GUIDELINES ON RISK MANAGEMENT
Standards for the Risk Governance Framework
Identifying and evaluating risks
Acting on risk threats to capital preservation
Forward-looking Expected Loss guidelines
Predictive models to estimate future loss
Dodd-Frank Stress Testing (DFAST)
Impact on credit, balance sheet, operations
Enterprise risk management framework development
Emphasis on forward-looking insight to risk exposure
Submit the form on the right and we’ll provide you with a link for our latest eBook, 7 Key Elements Needed to Integrate your Financial and Risk Strategy and Why They’re Essential.
You will also receive a link to our 4-page guide, How To Make CECL A Strategic Advantage.
And if you want to jump right in, we invite you to call us at 713-515-1285 or emails us at [email protected]
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