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Recognizing and Managing Strategic Risks - Webinar

  • ID: 4278092
  • Webinar
  • 60 Minutes
  • Online Compliance Panel
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This webinar explores the components of strategic risk. Developing a common understanding and definition of strategic risk helps the participant form a comprehensive base upon which meaningful review and interaction with senior management can occur. The session introduces a new way of looking at organizational strategic risk so that Boards of Directors, Senior Managers and other organizational leaders will develop and demonstrate thoughtful process behind strategic decision making.

Objectives of the Presentation:

- Define 'Strategic' Risk
- Recognize indicators that help management and Board of Directors oversee strategic decisioning
- Learn new approaches to understand strategic risk management
- Link data and data tools like ACL Analytics and GRC, to strategic risk monitoring
- Gain an understanding of why regulators and stakeholders are more focused on strategic risk management
- Discover ways to design monitoring and reporting processes that deliver value

Why Should you Attend?

Have you ever wanted to understand more about strategic risk? Do you want to achieve the coveted 'Trusted Advisor' role with your management team? Then this session, designed to clear away the confusion linked to definitions and management of strategic risks, is a must. During the hour presentation participants will discover a practical way to understand strategic risk. Then building on that understanding learns techniques on how to monitor report and educate stakeholders on strategic risk management. Integration of data analytics and GRC provide strong support for gaining an understanding of strategic risks, monitoring aspects of those risks, and reporting to stakeholders. This session is targeted to those who want to leverage data and risk tools to new levels of influence and organizational contribution.

Areas Covered:

- Defining 'Strategic Risk'
- New dimensions on understanding strategic risk life cycle
- Developing KPI and KRI
- Developing monitoring processes
- Risk events triggering management process
- Regulator focus on strategic risk for financial institutions
- Review steps for analyzing strategic risks
- Tips for risk recognition

Topic Background

Stakeholders, especially financial service regulators are extremely focused on strategic risk management. Rightfully as this is one of the hardest risk areas to define, to audit, to even understand. The strategic risk decisions impact all other risk areas in an organization, the ability to understand and confirm strength in strategic risk management is imperative for success.
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  • Risk Managers
  • Auditors
  • Senior managers
  • Members of Boards of Directors
  • Risk Management staff
  • Audit staff
  • Quality control staff and leaders
Note: Product cover images may vary from those shown