Edward Robertson

Fixing Common ERM Challenges

Episode: 016 Date: Tue 14 Sep 2021 Title:               Fixing Common ERM Challenges EPISODE SUMMARY Is the faltering ERM program fixable? How to diagnose challenges in Enterprise Risk Management initiatives, and determine the best course of action. SHOW NOTES Introduction The curious juxtaposition of need vs poor take-up, as explained in Episode 1. Steps in Analyzing …

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Economic Crisis: Why ERM Did Not Fail

Updated, originally published 30 January 2009 I believe the message in this article, resurrected from my archive, is still valid. Risk management controls: not implemented, or subverted? We are continuing to experience economic turmoil (i.e., from the 2008-2009 financial crisis). After the first severe and generalized wave of economic upheaval originating in the US recession, …

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Principles of Successful ERM Implementation

Episode: 015 Date: Tue 07 Sep 2021 Title:               Principles of Successful ERM Implementation EPISODE SUMMARY How can we best ensure an Enterprise Risk Management regime that is readily accepted and endures? Answer: by mastering the principles of program success, which will set you apart as an administrator. SHOW NOTES IntroductionIn our last episode, we focused …

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Making Sense of Risk Tolerance, Risk Appetite

Definitions of risk tolerance can border on the absurd, showing a slavish adoption of financial terminology where it makes no sense. The degree of risk tolerance, whether at the individual or organizational level, describes whether you are relatively:1) risk-averse (risk avoiding) in exchange for a degree of certainty regarding the reward in question; or2) risk-seeking, …

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ERM Implementation: Minimal Footprint

EPISODE SUMMARYHow can we roll out Enterprise Risk Management with a minimal footprint? The answer is to use a principles-based approach. Once High Quality Risk Assessment is grasped, we can turn to an implementation that meets crucial criteria efficiently. SHOW NOTESIntroductionWhat is ERM in relation to your entire management practise? Conceiving of it as an …

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