CTC Guide – How Treasury Can Lead ERM

CTC Guide To Leadership in Treasury: How Treasury Can Lead ERM

Attached is an Executive Summary from a recently published Enterprise Risk Management (ERM) whitepaper/guide titled “CTC Guide to Leadership in Treasury: How Treasury Can Lead ERM”. It was written by Nilly Essaides at the Association for Financial Professionals (AFP) and features Gary Bierc – our CEO. Gary is quoted in the Executive Summary attachment on page 1 and in the full guide (see link below) on the full page sidebar on Page 8 titled “Quantification Skills”.

Hover over and click the CTC Guide embedded above to see the Executive Summary.

Only Association for Financial Professionals (AFP) members can download the full guide. Click: “CTC Guides” to download the full guide.

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RiskStudio Episode 1 – Methodology for Calculating Cost of Risk Management

RiskStudio Episode 1 – Methodology for Calculating Cost of Risk Management

Below is a link to our recent podcast presentation with RiskStudio that discusses “Using ARQ™ to Measure Enterprise Total Cost of Risk™” and features our CEO, Gary Bierc.  In this episode Gary shares details and the benefits of our patented methodology which covers how to calculate the cost of risk management and how the cost of risk management may influence the achievement of business objectives.  The podcast can be seen in several LinkedIn Group discussions including: 1) G31000; 2) Risk Managers; 3) Risk Regulation and Reporting; 4) Governance, Risk and Compliance Management (GRC); 5) Enterprise Risk Management (ERM); 6) RiskTech Forum; 7) Risk & Performance Management Forum; 8) Banking Connects; and 9) Association for Federal Enterprise Risk Management (AFERM).

Click: “RiskStudio Episode 1 – Methodology for Calculating Cost of Risk Management” to view the podcast via YouTube.

 

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Applying Cost of Risk to Integrate Enterprise Risk Management and Strategic Planning

SISCUSS Global Enterprise Risk Management – Online Symposium 2013

Below is a link to an excerpt from our recent presentation for The SISCUSS Global Enterprise Risk Management – Online Symposium 2013.  It is titled “Applying Cost of Risk to Integrate Enterprise Risk Management and Strategic Planning” and features our CEO, Gary Bierc.  This excerpt demonstrates how applying the “Cost of Risk” enterprise-wide serves as an effective means to integrate ERM with Strategy. Conventional applications of ERM in the Strategy-making process rely extensively on qualitative risk identification and prioritization methodologies.  An Enterprise Cost of Risk approach emphasizes the need to translate risk and risk management information in dollar terms creating a pivotal common denominator between ERM and Strategy.  This approach makes ERM real and relevant to company performance and brings it down out of the clouds and the realm of esoteric theory.

Click: “Gary Bierc – Global ERM Online Symposium 2013” to view the excerpt.

 

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CTC Guide to Enterprise Risk Management

CTC Guide to Enterprise Risk Management – Beyond Theory: Practitioner Perspectives on ERM

Below is an excerpt from a recently published Enterprise Risk Management (ERM) whitepaper/guide that does a nice job of making it “real” and connecting the dots to value added, strategy and performance. It is titled “CTC Guide to Enterprise Risk Management – Beyond Theory: Practitioner Perspectives on ERM” from the Association for Financial Professionals (AFP) and features Gary Bierc (our CEO), rPM3 Solutions & ARQ Technology™ Software  on several pages and a full page sidebar (see attached excerpt page 5). It focuses on the experiences of five companies and their ERM programs (see Case Studies). Based on extensive  interviews with corporate risk practitioners and experts and including quantitative data, this practitioner’s guide presents detailed examples of the ways in which companies have approached ERM and how their efforts provide valuable insight into leading ERM practices.

Click CTC Guide to ERM – rPM3 Excerpt to see the excerpt.

Only Association for Financial Professionals (AFP) members can download the full guide. Click: “CTC Guides” to download the full guide (may not still be available).

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CFO Magazine Article: January 22nd, 2013

How Performance Drives Risk Management

An article we wrote featured in the January 22nd edition of CFO Magazine titled “How Performance Drives Risk Management”. As risk managers advance the use of risk standards, they naturally progress to the next logical step: better results.

Click: “CFO Magazine, January 22, 2013” to view the full article.

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RPM?? Whatever happened to ERM?

Are you confused? Don’t be. They are both important processes; but there are some significant differences   and inter-dependencies that will help you digest this latest evolutionary cycle. 

For those of you who are new to the acronym, let’s begin by introducing Risk & Performance Management or “RPM”. RPM is the fusion of both risk and performance management as a single management process.

Continue reading

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“You can’t handle the truth!”

This is a great line from a great movie and in so many ways it rings true both in life and in business.

For instance, it’s interesting how we look at business performance very differently than we view our personal health and wellbeing. Why? If you were being tested for a life threatening illness, wouldn’t you want the best and most accurate evaluation? However, when it comes to company performance, why is it that we would prefer whichever evaluation method makes our performance look better, regardless of the truth? Maybe, it’s because we “…can’t handle the truth!” Continue reading

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Business Insurance Article: November 5th, 2012

ERM programs can help businesses improve their overall performance

An article from Business Insurance covering the recent RIMS ERM Conference in San Antonio titled “ERM programs can help businesses improve their overall performance” that talks about our presentation with Family Dollar Stores and Fruit of the Loom.

Click: “Business Insurance, November 5, 2012” to view the full article.

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“Out of Every Crisis Comes Great Opportunity!”

A great adage, but do you really believe it? Company’s that do become winners; company’s that don’t typically settle for second best.

Do you remember the 1989 motion picture hit, “Dead Poets Society”?. The main character, John Keating (played by Robin Williams) encourages his students to “carpe diem”, which in Latin means: “seize the day”.   When we allow “risk management” and “performance management” to come together and guide how we view our business, our eyes are opened in new ways and we can now see what was once hidden in plain sight, giving us the confidence to “seize” great opportunity. Continue reading

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Do you speak the language of the C-Suite?

Most ERM Practitioners don’t.  They might think they do, but in reality their role and sphere of strategic influence is extremely limited.  Is it possible an invisible boundary or glass ceiling as it were, might actually exist for Enterprise Risk Management (ERM)?  Why and how do we break through it?

The answer is found in the evolutionary track of ERM itself. Continue reading

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“Risk Innovation”: November 1st, 2012


Cloud Risk

Technology has become an integral exposure for companies as more of our activities become automated and globalized. One key driver for this trend is the ease with which we can share information and data across functions, groups, companies, industries, countries and continents.

Click: “Risk Innovation, November 1, 2012” to view the full column.

Chris Mandel’s column is featured monthly in Risk & Insurance Magazine and addresses recent innovations in the management of risk.

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“Risk Innovation”: December 18th, 2012


Diving Deep

Some exposures can be a challenge for risk managers, especially if they’re not insurable. They require time and effort to understand and provide scant opportunities for risk managers to apply themselves or their skills so that they are perceived as valuable.

Click: “Risk Innovation, December 18, 2012” to view the full column.

Chris Mandel’s column is featured monthly in Risk & Insurance Magazine and addresses recent innovations in the management of risk.

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