Quantification in Enterprise Risk Management

Presented by

Graeme Keith, Global Professional Services Lead for Risk Quant, Archer and Michael Rasmussen, The GRC Pundit & Analyst

About this talk

Enterprise Risk Management (ERM) is a crucial process for any business, but relying solely on qualitative assessments can leave you with a fragmented and incomplete picture of your risks. That's where quantification comes in, providing a powerful solution to enhance your ERM process. In this session you'll discover the transformative power of quantitative assessment. We'll explore how quantitative analysis can provide a more comprehensive view of your risks, allowing you to collate assessments in a meaningful and quantifiable way. We will also discuss: How qualitative versus quantitative is not a choice – you really have to do both The advantages of quant assessment over qualitative in terms of vastly improved granularity for comparison and prioritization of risk, assessing cost of controls versus benefits, and in terms of being able to aggregate risks across parts of the organization in order to understand where in an organization risk exposure resides. The difference between mathematical modelling of individual risks and quantification of an ERM program and how these two activities are quite different, both in terms of how they’re carried out, who carries them out and what they’re trying to achieve
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As true pioneers in GRC and integrated risk management (IRM) software, Archer is dedicated to helping our customers effectively and efficiently manage risk and compliance across domains, from traditional operational risk to emerging issues such as ESG. With over 20 years in the risk management industry, Archer experience and expertise drives solutions that enable our customers – including half of the Fortune 500 -- to improve strategic decision-making for the business. For more information, visit www.ArcherIRM.com & follow @Archer Integrated Risk Management on LinkedIn.