Streamline Enterprise Risk Assessments – More Value, Less Work
Steven Minsky | Feb. 5, 2013
Looking back over my most popular blogs, there was a lot of interest in 5 Steps for Better Risk Assessments and How to Consolidate Compliance Risk Assessments. Due to this interest I have created a complimentary 30 minute webinar on streamlining enterprise risk assessments complete with detailed “how to” examples and visuals that are not possible in a blog format.
Click here to watch this On Demand Webinar or read the full invitation below:
On-Demand Complimentary Webinar Invitation:
Organizations and risk managers are under more pressure than ever before to prove the assurance and value their ERM program is providing, yet the way risk information is collected and structured today—scattered across spreadsheets and word docs—it is nearly impossible to aggregate and analyze this information in a meaningful way. Not to mention the time it takes to compile this data. As one of our CRO friends put it recently, “It not even a labor of love at this point – it’s just labor!”
Learn how to implement a framework with your existing risk information to make your data dramatically more useable and valuable. The structure will allow you to connect the dots between business area commonalities, aggregate assessments, connect risks to the strategic goals of the organization, put in place more effective mitigation activities, and more.
The key is being able to compare enterprise risk assessment information across functions and levels while keeping one comprehensive risk picture. In this webinar each of the following top 5 best practices will be reviewed with step-by-step tutorial with risk assessment examples on how to achieve them from where most organizations are currently in order to achieve this transparency and assurance:
- Taking a root-cause approach
- Standardizing assessment scale and criteria with risk assessment templates
- Linking risks to controls
- Connecting risks to strategic goals
- Embedding risk assessments in everyday activities
Who will benefit:
Risk managers are feeling the pressure from their boards and senior leadership because the business environment as well as laws and regulations have changed. Enterprise risk assessments require much more discipline and rigor. Risk managers will learn how to adopt best practices so that risk assessments can be compared and utilized cross-functionally for more accurate and actionable risk management. You will also learn how to apply these best practices to streamline your non-ERM areas of responsibility, such as vendor management, information security or business continuity, to gain more time for expanding these best practices to other areas in your enterprise.
As the number of regulations increase and change, so do the RCSAs (Risk and Control Self-Assessments) required as part of the compliance process. All risks to compliance are not equal in terms of impact, likelihood and effectiveness of current control activities. Attendees will learn how to objectively and systematically prioritize which regulations need attention from compliance risk assessments.
Auditors need an independent guide to evaluating the effectiveness of a risk management program. Learn how to prioritize risks in a timely manner to meet the newmandatory International Professional Practices Framework (IPPF) guidelines, announced byThe Institute of Internal Auditors (IIA) effective Jan. 1, 2013.