article thumbnail

How a defined risk appetite can improve nonfinancial risk management

McKinsey & Company

Costly and disruptive, nonfinancial risks are an ever-present concern in the financial services industry. A defined risk appetite strategy can mitigate the problem.

article thumbnail

7 Risk Management Best Practices: A Guide for Global HR

Globalization Partners

Like most areas of business, global human resources (HR) teams face common risks that they must learn to navigate at each stage of the employee lifecycle – from recruitment to offboarding. We’ll start by setting out what we mean by risk management before collating a list of seven best practices. What is risk management?

professionals

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Rise of Cloud Marketplaces as a Procurement Channel for Software, SAAS, and Services Solutions | Blog

Everest Group

This blog explores the survey results, shining a light on the key features, benefits, challenges, and opportunities these platforms present for IT procurement leaders. Enhanced risk management Availability of pre-vetted suppliers and solutions on these marketplaces contributed to 43% of users feeling confident about risk mitigation.

Software 147
article thumbnail

Rate reset presents banks with IRRBB challenge

McKinsey & Company

By focusing on six key areas, banks can more accurately manage rising interest rates and credit spread risk across business lines, meet regulatory demands, and create competitive advantage.

Banking 105
article thumbnail

What makes a great Risk Manager?

Risk Guide

Views from Risk Professionals across the world. During the recording of “Risk Managers Getting Coffee” which can be found on YouTube HERE as well as on our website here , a few discussions came up with a recurring theme. One was the question of what makes a great risk manager. See the video below).

article thumbnail

The demise of Risk Management and the light at the end of the tunnel

Risk Guide

Then they created a thing they call conduct risk and went on a “break the bonus mission” thinking that money and incentives can reduce the risk posed by humans in a business environment of greed and profits. Conduct is the outcome of good or bad people risk management and can only be mitigated by addressing people risk.

article thumbnail

Contracts Hold the Key to Proactive Risk Management

SirionLabs

But are organizations truly well positioned to preempt and mitigate potential contracts risks before they negatively impact the bottom line? The Disconnect Between Contracting and Risk Management Surprisingly, knowledge of contract risk is limited among enterprises. In its present state, contracting is largely manual.