Building the Business Case for Enterprise Risk Management – Part 2: Pitching to the CFO

The last 3 – 5 years has seen significant growth in the number of risk and compliance roles within Financial Services. Alongside the growth in the number of roles, there has been a significant increase in salary costs of risk and compliance professionals. The growth in the number of roles is showing no signs of slowing down; according to a recent Financial Services employment Outlook for 2015 report from Michael Page recruitment, salaries are forecast to grow a further 10% – 30% during 2015.

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Risk Appetite Explained

In the face of the many recent failures of financial institutions, following market and asset crises, and in the context of mounting regulatory demands, including the impending SMR (Senior Managers Regime) which will now apply to asset managers, hedge funds and the Bank of England itself, risk management is a topic high on the executive agenda. In particular, much emphasis has been placed on risk appetite and the role it has to play in an enterprise risk management approach, as part of an overall strategy execution process.

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Three Little Known but High Value Capabilities of StratexPoint – Part 3: Stratex Benchmarking

In the third and final post in this series about little known but high value capabilities within StratexPoint, we will discuss the Stratex Benchmarking capability which is made up of two parts of functionality within the StratexPoint solution. The first is the Analysis Group functionality, and the second is the Benchmark’s inclusion within a number of the StratexPoint Global lists.

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Three Little Known but High Value Capabilities of StratexPoint – Part 1: Stratex Bridge

In a series of three posts, we will provide an outline of three little known but high value capabilities within StratexPoint which you, our customers, may not be taking full advantage of. We will also outline scenarios where they can be used. These capabilities include:

1)       Stratex Bridge

2)       Stratex Timebox

3)       Stratex Benchmarking

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Senior Managers Regime: So Far

The Senior Managers Regime (SMR) aims, simply, to clearly assign responsibility and accountability to those in positions that directly affect the success, or indeed failure, of organisations in the banking sector. 

It is designed to encourage individual accountability for decision-making in banks, building societies, credit unions and Prudential Regulation Authority (PRA) designated investment firms. As of last week...

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