How to Consolidate Compliance Risk Assessments

The National Credit Union Administration (NCUA) by mandate has added  Enterprise Risk Management (ERM) and Sarbanes-Oxley (SOX) like financial reporting attestation compliance to the list of required activities for credit unions. Why has the NCUA put SOX, or financial reporting attestation, and ERM in the same ruling? The NCUA has recognized that all regulatory compliance guidelines…

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SaaS approach to ERM

How to Buy ERM Software

The goal of every ERM program is to assess material risk down to where the risk activity takes place, which typically means extending to front line management, and aggregate this information to an objective, accurate, and holistic picture applicable for each stakeholder, including the board. However without ERM software, risk management programs cannot reach this…

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Risk Taxonomy Step 3: Managing Cross-Silo Dependencies

A risk taxonomy, the brains of an enterprise risk management software platform, creates a common language to make working across operational silos possible. It also creates the basis for a risk management discipline, so rather than reacting to seemingly “one off situations” the entire organization can standardize and prioritize how assessment, mitigation and monitoring are applied in…

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