Implementing enterprise risk management : from methods to applications

Implementing enterprise risk management from methods to applications

A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporat...

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Detalles Bibliográficos
Otros Autores: Lam, James, author (author)
Formato: Libro electrónico
Idioma:Inglés
Publicado: Hoboken, New Jersey : Wiley 2017.
Edición:1st edition
Colección:Wiley finance series.
THEi Wiley ebooks.
Materias:
Risk management.
Ver en Biblioteca Universitat Ramon Llull:https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009631850506719
Tabla de Contenidos:
  • Cover
  • Title Page
  • Copyright
  • Contents
  • Preface
  • Acknowledgments
  • Part One: ERM in Context
  • Chapter 1: Fundamental Concepts and Current State
  • Introduction
  • What Is Risk?
  • What Does Risk Look Like?
  • Enterprise Risk Management (ERM)
  • The Case for ERM
  • Where ERM Is Now
  • Where ERM Is Headed
  • Notes
  • Chapter 2: Key Trends and Developments
  • Introduction
  • Lessons Learned from the Financial Crisis
  • The Wheel of Misfortune Revisited
  • Global Adoption
  • Notes
  • Chapter 3: Performance-Based Continuous ERM
  • Introduction
  • Phase Three: Creating Shareholder Value
  • Performance-Based Continuous ERM
  • Case Study: Legacy Technology
  • Notes
  • Chapter 4: Stakeholder Requirements
  • Introduction
  • Stakeholders Defined
  • Managing Stakeholder Value with ERM
  • Implementing a Stakeholder Management Program
  • Appendix A: Reputational Risk Policy
  • Notes
  • Part Two: Implementing an ERM Program
  • Chapter 5: The ERM Project
  • Introduction
  • Barriers to Change
  • Establish the Vision
  • Obtain Buy-In from Internal Stakeholders
  • Assess Current Capabilities against Best Practices
  • Develop a Roadmap
  • Appendix A: ERM Maturity Model
  • Appendix B: Practical Plan for ERM Program Implementation
  • Chapter 6: Risk Culture
  • Introduction
  • Risk Culture Success Factors
  • Best Practice: Risk Escalation
  • Conclusion
  • Notes
  • Chapter 7: The ERM Framework
  • Introduction
  • The Need for an ERM Framework
  • ERM Framework Criteria
  • Current ERM Frameworks
  • An Update: The Continuous ERM Model
  • Developing a Framework
  • Conclusion
  • Notes
  • Part Three: Governance Structure and Policies
  • Chapter 8: The Three Lines of Defense
  • Introduction
  • COSO's Three Lines of Defense
  • Problems with This Structure
  • The Three Lines of Defense Revisited
  • Bringing It All Together: How the Three Lines Work in Concert.
  • Conclusion
  • Notes
  • Chapter 9: Role of the Board
  • Introduction
  • Regulatory Requirements
  • Current Board Practices
  • Case Study: Satyam
  • Three Levers for ERM Oversight
  • Conclusion
  • Notes
  • Chapter 10: The View from the Risk Chair
  • Introduction
  • Turnaround Story
  • The GPA Model in Action
  • Top Priorities for the Risk Oversight Committee
  • Conclusion
  • Notes
  • Chapter 11: Rise of the CRO
  • Introduction
  • History and Rise of the CRO
  • A CRO's Career Path
  • The CRO's Role
  • Hiring a CRO
  • A CRO's Progress
  • Chief Risk Officer Profiles
  • Notes
  • Chapter 12: Risk Appetite Statement
  • Introduction
  • Requirements of a Risk Appetite Statement
  • Developing a Risk Appetite Statement
  • Roles and Responsibilities
  • Monitoring and Reporting
  • Examples of Risk Appetite Statements and Metrics
  • Notes
  • Part Four: Risk Assessment and Quantification
  • Chapter 13: Risk Control Self-Assessments
  • Introduction
  • Risk Assessment: An Overview
  • RCSA Methodology
  • Phase 1: Setting the Foundation
  • Phase 2: Risk Identification, Assessment, and Prioritization
  • Phase 3: Deep Dives, Risk Quantification, and Management
  • Phase 4: Business and ERM Integration
  • ERM and Internal Audit Collaboration
  • Notes
  • Chapter 14: Risk Quantification Models
  • Introduction
  • Market Risk Models
  • Credit Risk Models
  • Operational Risk Models
  • Model Risk Management
  • The Loss/Event Database
  • Early Warning Indicators
  • Model Risk Case Study: AIG
  • Notes
  • Part Five: Risk Management
  • Chapter 15: Strategic Risk Management
  • Introduction
  • The Importance of Strategic Risk
  • Measuring Strategic Risk
  • Managing Strategic Risk
  • Appendix A: Strategic Risk Models
  • Notes
  • Chapter 16: Risk-Based Performance Management
  • Introduction
  • Performance Management and Risk
  • Performance Management and Capital.
  • Performance Management and Value Creation
  • Summary
  • Notes
  • Part Six: Risk Monitoring and Reporting
  • Chapter 17: Integration of KPIs and KRIs
  • Introduction
  • What Is an Indicator?
  • Using Key Performance Indicators
  • Building Key Risk Indicators
  • KPI and KRI Program Implementation
  • Best Practices
  • Conclusion
  • Notes
  • Chapter 18: ERM Dashboard Reporting
  • Introduction
  • Traditional Risk Reporting vs. ERM Dashboard Reporting
  • General Dashboard Requirements
  • Implementing ERM Dashboards
  • Avoid Common Mistakes
  • Best Practices
  • Notes
  • Chapter 19: Feedback Loops
  • Introduction
  • What Is a Feedback Loop?
  • Examples of Feedback Loops
  • ERM Performance Feedback Loop
  • Measuring Success with the ERM Scorecard
  • Notes
  • Part Seven: Other ERM Resources
  • Chapter 20: Additional ERM Templates and Outlines
  • Introduction
  • Strategic Risk Assessment
  • CRO Report to the Risk Committee
  • Cybersecurity Risk Appetite and Metrics
  • Model Risk Policy
  • Risk Escalation Policy
  • Notes
  • About the Author
  • Index
  • EULA.

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