Managing Risk Across Different Departments with Different Needs

Risk and risk management is pervasive throughout organisations. There are many departments that manage risk and have their unique understanding, models, and views into risk. This makes enterprise and operational risk management a challenge. Organisations fail in enterprise risk management strategies when they force everyone into one flat view of risk, they also fail when they allow different views of risk but do not do risk normalisation and aggregation as they roll-up risk into enterprise reporting. This webinar details how organisations need to take a federated approach to risk management that allows different departments some level of autonomy and supports their department level risk management strategies but also enable a common information and technology architecture to support overall risk management activities and reporting. This ‘Expert’ presentation will address the following: Where and how enterprise risk management fails How to build an enterprise risk register and show interrelationships of risk The value of an information and technology risk management architecture Approaches to risk normalisation and aggregation for accurate enterprise risk reporting.