Foundational analysis is required before initiating a strategic data enablement program to build a big data capability for risk and governance. How should that foundational analysis be organized to be successful? This article is the third of a series of five articles. The first and second articles can…
Read More Unlocking risk and governance insights from the enterprise’s data: Rules of the Road
Contingent operational resiliency risks represent a creeping threat that require attention sooner rather than later. How can risk management respond rapidly to these contingent risks and prioritize “good enough” mitigations? The “New Normal” exposes institutions to a different set of operational resiliency…
Read More The “New Normal” has different operational resiliency risks
Why is it important not to conflate correlation and causation? . . . And why is this a problem for Operational Risk Management? You have probably taken at least one statistics class at some point. You were probably told that correlation…
Read More What’s more important: how often you wash your hands or what you just did with your hands?
What does a risk or governance function need to understand about its business requirements before initiating a strategic data enablement program? This article is the second of a series of five articles. The first article can be read here. Risk…
Should risk and governance functions invest in big data and advanced business intelligence solutions and what are the business benefits? This article is the first of a series of five articles. Risk and governance functions are investing heavily in strategic…
Read More Unlocking risk and governance insights from the enterprise’s data: Where do you start?
Why taxonomies alone are not enough This article was originally published in the August 2013 issue of The Risk Universe. A common risk language of Process, Risk and Control Taxonomies is a core and indispensable component of any analytical framework…
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