Where results make sense

About us   |   Why use us?   |   Reviews   |   PR   |   Contact us

Chief Risk Officer, Internal Audit Training, Risk Management Training - Paisley Consulting A corporate Chief Risk Officer is generally responsible for assessing and planning for potential risks in the various segments of a given business model. With modules for risk assessment, planning, scheduling, work papers, reporting, issue tracking and administration, it’s the most complete way to manage an audit department and is a must for Chief Risk Officers or others involved in internal audit training. If your Chief Risk Officer is unable to provide this training, our professional trainers are standing by to asssit your auditors and controllers understand the risks and opportunities in every facet of every department in your corporation. www.paisley.com /paisley/chief-risk-officer.html   (513 words)

Financial Risk Management (FRM) Risk management, as it is understood today, largely emerged during the early 1990s, but the term “risk management” was used long before this. With regard to the market risk faced by derivatives dealers, the report recommends that portfolios be marked-to-market daily, and that market risk be assessed with both value-at-risk and stress testing. Without risk limits, someone would have to track the risks being taken by individual traders and apply their own subjective judgment as to how much is too much. www.riskglossary.com /articles/risk_management.htm   (3983 words)

FRB: Speech, Bies -- Strengthening the financial system: sound accounting and disclosure -- February 28, 2002 New functions for chief risk officers are being created so that they can provide comprehensive oversight of the various risk exposures of the enterprise. The chief risk officer is an executive officer charged with independently monitoring risk identification, measurement, mitigation, and controls. Other reports that risk officers are developing provide information on the extent to which the total return in a particular line of business compensates for its comprehensive risk. www.federalreserve.gov /boarddocs/speeches/2002/200202282/default.htm   (2821 words)

Chief Risk Officer, Internal Audit Training, Risk Management Training - Paisley Consulting A corporate Chief Risk Officer is generally responsible for assessing and planning for potential risks in the various segments of a given business model. In reference to the finance industry, a Chief Risk Officer is often the authority on maintaining compliance throughout an organization. With modules for risk assessment, planning, scheduling, work papers, reporting, issue tracking, time and expenses, quality assurance and personnel records, AutoAudit is the most complete way to update an audit department and is a must for Chief Risk Officers or others involved in internal audit training. www.paisleyconsulting.com /Paisley/chief-risk-officer.html   (512 words)

The CRO: a species at risk: the position of chief risk officer is struggling to find a niche within many organizations. ... The CRO: a species at risk: the position of chief risk officer is struggling to find a niche within many organizations. The CRO position, created only a few years ago at a handful of companies, is in danger of becoming irrelevant outside of two or three industries, most notably insurance, energy and banking. That's making it more difficult for CROs to fulfill their mission, which many say is to assure boards that the company has a grip on all the risks it faces and that the firm has appropriate policies in place for managing them. www.findarticles.com /p/articles/mi_m0BJK/is_10_15/ai_n6187145   (894 words)

Chief Officer - FAQ: CxO Definitions Chief Officer is a private, international community of leaders. Chief Officer is set up as a member driven community. Chief Officer's executive community is mostly consist of A-level and B-level (if A is the highest) senior executives. www.chiefofficer.com /fora/faq.php?faq=new_faq_item   (1237 words)

IRMI - Implementing Enterprise Risk Management: The Emerging Role of the Chief Risk Officer Individual risk managers may view the position as a threat to them—either a direct threat as a position that would replace theirs, or an indirect threat as a position that would diminish their importance to the organization—even if this concern were unfounded. As a key member of the senior management team, the CRO is a peer and advisor to the rest of senior management who can translate risk management into the terms that matter to their key stakeholders (i.e., stockholders, employees, customers), such as the effect of risks and risk management on capital, growth, return and consistency. And, perhaps most importantly, the CRO is someone who is able to clearly communicate in understandable language, and facilitates and coordinates rather than functions as a technical manager of risk. www.irmi.com /expert/articles/miccolis006.asp   (1371 words)

People's Daily Online -- CCB takes no risk with new appointment On June 14, Zhu Xiaohuang was named chief risk officer of CCB after working with the Hong Kong-listed bank for 25 years. CCB will adopt vertical management within Zhu's risk management team, which means that risk officers at the bank's local branches will report directly to the headquarters and to the head of the local branches rather than reporting only to the presidents of local branches. Tier-1 branch chief risk officers have already been elected from local branches to take part in a training program, and the risk directors at the tier-2 branch level will be named in July, according to Zhu. english.people.com.cn /200607/04/eng20060704_279734.html   (808 words)

Optimize Magazine > Corporate Culture > Send In The Chief Risk Officer > August 2003   (Site not responding. Last check: ) Risk management no longer means off-loading risk to another party such as an insurance company. Risks and rewards are clearly established to ensure that the corporate-liability view is pushed to the businesses and they're fully engaged in managing their portion of the risk. Given the internetworked business risks and strong regulatory-environment penalties for noncompliance, this is especially important because weak performance by a business unit can place the entire company at risk. www.optimizemag.com /article/showArticle.jhtml?articleId=17700963   (960 words)

Chief risk officer: A valuable addition to the C-suite Watchdog position gaining importance as companies guard against ...   (Site not responding. Last check: ) And they are relying on the CRO to be their chief watchdog -- charged with monitoring all of the risks that a company faces. That means the CRO is responsible not just for assessing the risk of interest rates going up or down, but also the chance of a company's network succumbing to a virus, its top talent being recruited by other firms or its facilities being destroyed by an earthquake. For many CROs, the responsibility for being on the front lines of risk is a heavy weight to carry. www.workopolis.com /servlet/Content/qprinter/20050620/COCRO20   (950 words)

A Composite Sketch of a Chief Risk Officer A Composite Sketch of a Chief Risk Officer The Chief Risk Officer (CRO) concept is catching the interest of several industries, but its true value is being witnessed more often in the financial services, utility and energy industries. Clearly, the CRO’s major task is co-ordinating and establishing integrated risk management, but at the same time, many organizations recognize that a senior financial executive can be equally responsible and skilled at this task. www.conferenceboard.ca /documents.asp?rnext=1210   (297 words)

Chief executive officer - Wikipedia, the free encyclopedia A chief executive officer (CEO), or chief executive, is the highest-ranking corporate officer or executive officer of a corporation or agency. In these countries, the chief executive officer presides over the executive board and the chairman presides over the supervisory board and these two roles will always be held by different people. In the United Kingdom many Charities and Government Agencies are headed by a Chief Executive who is answerable to a Board of Trustees or Board of Directors. en.wikipedia.org /wiki/Chief_executive_officer   (583 words)

Risk News - Fortis' operational risk head becomes chief risk officer Matterne has been a frequent speaker and lecturer on operational risk at conferences and on training courses, and was previously a consultant. He is being replaced by Martijn Wissels, who is currently in charge of operational risk and management control at the bank, which has joint head offices in the Netherlands and Belgium. Risk News is the online news service of Risk magazine, the global magazine dedicated to risk management, derivatives and structured products. www.risknews.net /public/showPage.html?page=348503   (136 words)

A Hot New Job - Chief Risk Officers - American Marketing Association - www.marketingpower.com Rahl, who is often consulted by headhunters or chief executives seeking a chief risk officer, says she sees the role as just as important as any other top-level executive position. A good chief risk officer should be able to flag accounting problems, ensure the company is keeping up with regulatory requirements and be confident that sudden currency or commodity-price moves won't lead to large losses. Hilliker says a veteran risk manager taking the top job at a major financial institution may be able to earn $2.5 million to $3 million annually in salary and bonus, up from a paltry $750,000 five years ago. www.marketingpower.com /content/content25604.php   (1388 words)

The Expanding Role of the Chief Risk Officer: From Risk 'Cop' to Decision-Maker Martin, risk executive at the Bank of America and chairman of the GARP board of trustees, was referring to risk management focusing entirely on control and thus getting in the way of decision-making. That is why other insurance companies have decided that the chief actuary or chief financial officer, by the very nature of the position, is already responsible for managing company risk, whether or not he or she also has the additional title of chief risk officer. While the position of chief risk officer has dramatically increased in prominence over the last few years, it is now the task of each CRO to demonstrate and communicate the full value of the risk management function, and to become an integral part of the business decision-making process within the organization. www.fenews.com /fen49/one_time_articles/garp-convention/garp-convention.html   (1313 words)

Four Out of Five Major Financial Firms Now Have a Chief Risk Officer Global financial services institutions are facing growing exposure to risk from a variety of factors, including mega-mergers, off-shoring, outsourcing, greater regulation, and the need to manage an increased volume of lending. The number of large institutions with chief risk officers has increased from 65 percent since the last survey was conducted in 2002. According to the survey, operational risk management (ORM) continues to be a relatively new and developing field compared to the more established risk management disciplines, with the majority of respondents still in the beginning stages of implementation. www.dmreview.com /article_sub.cfm?articleId=1017720   (1153 words)

The rise and rise of the chief risk officer The number of chief risk officers (CROs) appointed to oversee enterprise risk is increasing as companies seek to address a growing range of business threats and increased regulatory pressures, according to a survey from the Economist Intelligence Unit. A total of 137 global risk managers participated in the survey, with approximately half of respondents drawn from the financial services sector and the rest drawn from a cross-section of 16 other industries. Their success or failure in addressing this task will be crucial: survey respondents identified regulatory risk as one of the top two threats to global business, along with reputational risk. www.continuitycentral.com /news01881.htm   (485 words)

E-Commerce News: Business: Does Your Company Need a Chief Risk Officer? Chief risk officers aren't just for banks anymore, but analysts say the position still is only necessary for certain companies. A position that first appeared in the financial services industry to deal with a bundle of compliance and security issues, chief risk officers, or CROs, are now spreading to other large corporations faced with regulations such as Sarbanes-Oxley that require strict internal controls over the flow of data and access to information. "Officers assume liability." He noted that many organizations put chief security officers in place after 2001, though the growth of that title has slowed as businesses seek other solutions that apportion responsibility to different executives. www.ecommercetimes.com /story/43737.html   (1059 words)

Trends 2005: Risk And Compliance Management - CSO Analyst Reports In an effort to measure and control risk and compliance, organizations are looking for a structured approach that lets them quantify risk, establish risk appetite/tolerance, identify and prioritize controls, and establish a system of record to meet a multitude of compliance obligations. Where organizations have minimized risk and compliance management in the past, the complexity of today's business, dependency on IT and processes, growth in business partner relationships, and increased liability and regulatory oversight has amplified risk to a point where it demands governance. Risk and compliance management has been fragmented throughout organizational silos, resulting in a duplication of technologies and efforts with inconsistent approaches, measurement, and reporting. www.csoonline.com /analyst/report3082.html   (1099 words)

Chief risk officer - Wikipedia, the free encyclopedia The CRO is a revolutionary position created in the wake of the Basel Accord, the Sarbanes-Oxley Act, the Turnbull Report and other pieces of legislation. The main priority for the CRO is to ensure that the organisation is in full compliance with the regulations. Monitoring emerging risks, and integrating risk management principles, in the organisation strategic framework, is also emerging as a crucial role of the CRO. en.wikipedia.org /wiki/Chief_Risk_Officer   (166 words)

Converium: Markus Krall appointed as Chief Risk Officer of Converium Markus Krall appointed as Chief Risk Officer of Converium Converium: Markus Krall appointed as Chief Risk Officer of Converium Markus Krall is currently a senior partner at McKinsey and Company in Frankfurt and Head of the Risk Management Practice in Central Europe as well as a member of the Global Leadership Group of the Risk Management Practice. www.converium.com /5084.asp   (449 words)

Worth the Risk? - March/April 2005   (Site not responding. Last check: ) “The Chief Financial Officer also serves as the Chief Risk Officer of Fannie Mae, and is directly responsible for overseeing the Enterprise’s Treasury and Portfolio Management functions, in addition to the Controller’s Department,” the report stated. The emergence of the independent CRO, the continuing glare of the regulatory spotlight and the focus on corporate governance have combined to perpetrate the evolutionary cycle of ERM at many companies. Although it may appear that the future for the CFO and his or her role in risk management is clouded, that’s not really the case, observers say. www.icpas.org /insight/05/03-04/feat-1-pt-1-WorthTheRisk.asp   (1895 words)

Healthcare Coverage Glossary A healthcare system that assumes or shares both the financial risks and the delivery risks associated with providing comprehensive medical services to a voluntarily enrolled population in a particular geographic area, usually in return for a fixed, prepaid fee. The statistical adjustment of outcomes measures to account for risk factors that are independent of the quality of care provided and beyond the control of the plan or provider, such as the patient's gender and age, the seriousness of the patient's condition, and any other illnesses the patient might have. Factors that tend to increase an individual's risk above that which is normal for his or her age. www.bcbs.com /coverage/glossary   (9946 words)

RenRe Promotes Fonner to Chief Risk/Investment Officer Neill Currie, Chief Executive Officer, commented: "We are fortunate to have someone of Todd's caliber to manage these critical aspects of our business and are pleased to recognize his many contributions to Renaissance with this promotion. Risk management is a cornerstone of our business and, as Senior Vice President & Treasurer, Todd has played a key role in the work we do to manage risk as an organization and continually improve upon that function. In the newly established position of Chief Risk Officer, Fonner will be responsible for leading the ongoing assessment of RenRe's overall risk profile. www.insurancejournal.com /news/international/2006/08/11/71372.htm   (419 words)

About RMF  > Management  > Chief Risk Officer   (Site not responding. Last check: ) Pierre-Yves Moix is the Chief Risk Officer of RMF Investment Management, based in Pfäffikon, Switzerland. Prior to joining RMF in 2000 as a quantitative analyst, he spent four years as a research assistant with the Institute of Operations Research at the University of St. Gallen, focusing on quantitative methods for financial risk management. He is a CFA charterholder and a Financial Risk Manager (FRM). www.rmf.ch /ar/ar_m/ar_m_cro.htm   (267 words)

Risks and Benefits: The CFO as CRO? - - CFO.com At first glance, chief financial officers seem splendidly positioned to be the czars of enterprise risk management. Typically, the corporate risk manager — who identifies, assesses, and decides how such risks are financed — reports to the treasurer who, in turn, reports to the finance chief. If, as COSO hopes, its broad definition of risk takes widespread hold among senior managements, boards, and regulators, then many CFOs would seem to be in a good spot to add the title of chief risk officer (CRO). www.cfo.com /article.cfm/3281393/c_3286307?f=home_todayinfinance   (637 words)

Chief Risk Officer Jobs, Qatar They currently require a Chief Risk Officer to manage the development and implementation of comprehensive long-term risk management strategy including policies, procedures and risk control infrastructure. Management of credit exposures and credit risk measurement strategies including the assessment of credit risk rating and credit scoring models to support statistical management of portfolios. An in depth knowledge of Operational Risk, governance and control techniques is also required. jobs.efinancialcareers.com /job-4000000000209263.htm   (331 words)

Try your search on: Qwika (all wikis)

About us   |   Why use us?   |   Reviews   |   Press   |   Contact us   Copyright © 2005-2007 www.factbites.com Usage implies agreement with terms.