ERM concepts and Risk categorisation [17]

Go to: Summary | Previous | Next   
Bullet points include: ERM implementation usually includes establishment of a centralised risk management function (employing risk managers) E.g. Walker Review (2010), financial services firms Is CRO’s team Front line – helping to decide which risks to take/hedge?  Second line – helping others to manage risk, focusing more on downside and maybe on risks that are not well captured/handled by customer-facing business units? See e.g. IAA (2009) Section 2.6 (p. 16-19), Appendices 4 and 5 (p. 77-80): Establishing and Developing an ERM function, Risk Committee charter and specimen CRO job description (and Kemp and Patel, 2011)

Contents | Prev | Next | ERM Lecture Series

Desktop view | Switch to Mobile