Characteristics of Strong Risk Assessments and Tools to Monitor and Report Results
Strategic-minded institutions aim to manage risk at an enterprise-wide level, striving for “optimal risk-taking” where they incur just enough of the right kind of risk to effectively pursue their strategic goals. This webinar will help you gain practical tools and examples to implement immediately, strengthening your existing risk assessments and creating new ones as needed.
The webinar also covers an overall view of Enterprise Risk Management (ERM) and its key components, the three key phases of ERM, and how risk assessments fit in. It will delve into the risk assessment process, the characteristics of strong risk assessments, and the relationship between the Risk Assessment System (RAS) and CAMELS rating.
You will learn about the top eight risks, how to conduct an ERM risk assessment using a matrix, and the various types of risk assessments based on the area of risk. Additionally, the webinar will provide examples of ongoing monitoring and reporting tools, helping you understand the goals and characteristics of risk assessments based on industry best practices.
