I want to share a couple of techniques I used when building the audit plan and then the audit scope, and for assessing the level of risk presented by a control failure. The first is like a reverse root cause Read More …
Author: RMA INDIA
Norman Marks on Governance, Risk Management, and Internal Audit
RBI releases draft circular on management of ‘Model Risks in Credit’ for lenders
The prescriptions aim at ensuring robustness in the process of model deployment by lenders while making credit decisions The Reserve Bank of India on Monday released a draft circular on ‘Regulatory Principles for Management of Model Risks in Credit’ for lenders to Read More …
Cloudflare announces automated risk management platform
Advanced suite of risk management capabilities enables seamless discovery and and mitigation of threats across applications, data loss or exposure, and human error. The leading connectivity cloud company, today announced Cloudflare for Unified Risk Posture, a new suite of risk Read More …
Mimecast unveils human risk management platform for cybersecurity
Mimecast, a global cybersecurity pioneer, has unveiled its Human Risk Management (HRM) platform, marking an important and eagerly anticipated milestone in advancing toward the next generation of cybersecurity. HRM platform In response to customer and market demand for a more Read More …
Explained | RBI’s New Fraud Risk Management Norms: Key Changes That Borrowers Need to Know
The Reserve Bank of India (RBI) has revised its master directions on fraud risk management following Supreme Court recommendations. The apex court asked banks to hear a borrower before an account is classified as fraud. What Are the RBI’s Latest Read More …
US regulator privately finds weak risk-management at half of large banks, Bloomberg reports
A top U.S. bank regulator’s confidential assessments found 11 of the 22 large banks it supervises have “insufficient” or “weak” management of a broad swath of risks ranging from cyberattacks to employee blunders, Bloomberg News reported on Sunday. About one-third Read More …
Case Study: Quantitative Risk Analysis in a Real-Life Scenario
Introduction Quantitative risk analysis is a systematic approach to assessing risks using numerical and statistical methods. It involves quantifying the likelihood and impact of risks to provide a data-driven basis for decision-making. This approach is crucial for managing complex projects Read More …
Case Study: Risk Appetite in a Real-Life Scenario
Introduction Risk appetite is a critical concept in risk management, referring to the amount and type of risk that an organization is willing to accept in pursuit of its objectives. It is a fundamental aspect of strategic decision-making, as it Read More …
Case Study: Risk Assessment in a Real-Life Scenario
Introduction Risk assessment is a fundamental component of a company’s risk management strategy. It involves identifying, evaluating, and prioritizing risks to mitigate their impact on business operations and objectives. Effective risk assessment helps companies anticipate potential threats, allocate resources efficiently, Read More …
Case Study: Fraud Risk Management in a Real-Life Scenario
Introduction Fraud risk management is a crucial aspect of a company’s overall risk management strategy. It involves identifying, assessing, monitoring, and mitigating risks related to fraudulent activities. Effective fraud risk management helps protect a company’s assets, reputation, and ensures regulatory Read More …