Risk management in the financial services industry is evolving. Traditionally, risk was managed by the second line of defense: risk management and compliance functions. But the trend now with banks is to move these responsibilities to the front line, where it all happens. Brinn Chung gives three benefits of front-line risk management.
There is universal agreement that risk management silos are a problem and that home-grown, spreadsheet-based systems are cumbersome, resource-intensive and, often, simply not up to the job. The objective now is to shift organizational attitudes towards risk management and take an enterprise-wide, integrated approach in which the downside of risk is intelligently balanced against the upside.
The most successful, high-performing organizations have ERM processes that share the following characteristics. Use this checklist to see how your organization measures up.
ACL CEO Laurie Schultz had a desire to reinvent the company - to transform it into what they call a ‘re-startup‘: Embracing the energy and fresh ideas of a traditional startup but without the anxiety that comes with it. (Techvibes, July 6, 2017)
Whether you‘re a first timer, or an ACL Connections veteran, use this guide to get the most out of your experience.
ACL to reveal next generation product release, announce new professional certification program and honor customer award winners at annual customer conference ACL Connections.
A well-established enterprise risk management (ERM) program can be crucial to helping an organization achieve its strategic objectives. But, how can organizations implement an ERM program that drives corporate performance? For most organizations it is an evolving process that takes time and effort to achieve. Effective ERM requires a comprehensive view of multiple risk types and their impacts on each other and in aggregate-and technology can play
Empowered by an invaluable resource: a means of interrogating all our data (from all our systems) in one place, and the ability to illuminate financial risk and performance, Keith Bailey, director of finance at ACL shares how he was able to make an immediate impact on the finance department.
As data analytics and automation continue to improve, here are four analytics technology drivers that merit close attention as having the biggest opportunity to magnify audit value delivery.
Providing assurance that internal controls are working shouldn‘t wait for a costly annual audit. Learn how the City of Lethbridge introduced automated continuous controls monitoring in this on-demand webinar.