The Riskability Canon -
Applying the EGRC principles to the Riskability doctrine

Within the EGRCM framework, understand how to Focus on addressing the enterprise Supply-Chain, Global Corruption, Fraud, Third-Party Risk, and Records Management' issues and strategies

Date - Wednesday, November 17, 2010
Time - 17:00 CET
Duration - 90 Minutes

The core significance of the EGRCM framework is to determine the appropriate response and the correlation between the established appetite and actions required, when the risk exceeds its tolerance. Determining the correct level of expertise needed to mitigate highly specialized risks is another advantage of the Riskability exercise.

Based on the quantification exercise, the board of directors should re-examine
the organizations Riskability appetite and tolerances annually.
Attend the webinar to understand how to determine
  • When to do nothing and accept the risk.
  • When to be self insured and accept the implications.
  • When to avoid the risk by eliminating the activity.
  • Can you outsource, share, or transfer the risk based on the use of derivatives, hedging, or insurance for financial risks
  • How should third parties document their performance on operational risks

In addition, understand how to ensure that there are policies, procedures and levels for agreed-upon risk response. Learn how to monitor the EGRCM implementation, controls and tests. Discover how monitoring ownerships and responsibilities can be distributed. Determine the tools to be used for measuring routines related to key performance metrics.
Areas covered in the webinar
  • What does EGRCM mean and how can it create value or improve results
  • How to determine whether EGRCM initiatives deliver value & optimize performance
  • Alignment of EGRCM processes & activities through a proactive Internal Audit
  • A framework for measuring & evaluating GRC capability
  • How to measure the true value & cost of compliance
  • Regulatory requirements such as Basel II and Solvency II require the organization to be in control
  • The use of IT tools to measure and monitor the key performance metrics
  • Ownership and responsibilities between Board of directors, management internal audit and key business managers.

Who should attend?
  • Governance, Risk, Compliance (GRC) staff
  • CFO, Treasurers,
  • Chief Risk Officers
  • Chief Legal Counsel,
  • Chief Compliance Officer
  • VPs of Risk Management, VP of Finance, Controllers
  • Director, Internal audit
  • Director, Operational Risk
  • Manager, Enterprise Risk Management
  • Risk analysts
  • IT governance directors/managers
  • IT risk directors/managers
  • IT compliance directors/managers
  • IT Audit directors/managers
  • Information security directors/managers

GRC and IT directors/Consultants involved in following areas- Audit, Compliance, Governance, Risk management, Sarbanes Oxley (SOX), Ethics, Regulatory, Legal, Governmental affairs, IT, Accounting, Finance, Reliability, Quality assurance