Following Part Two of our How To Webinar Series, please download/stream the recorded webinar, free of charge, by visiting: http://www.screencast.com/t/4nxvomaas72B
To register for Part Three ‘How to Lower your Operational Losses via improved Risk Management’ and/or Part Four ‘How To Leverage SharePoint for Risk Management’ visit: http://www.stratexsystems.com/how-to-series/
By registering, you will automatically receive a downloadable/stream-friendly version of the webinar, as well as access to the live session.
Risk technology spending to hit $23 billion by 2013
London – 7 November 2011: Compliance and integration to drive risk technology expenditure according to the sixth edition of Chartis Research’s RiskTech100® report.
"There is a quiet revolution taking place in the financial services industry, where the disciplines of risk and finance are converging," comments Peyman Mestchian, Managing Partner of Chartis Research. He says that it is characterized by better alignment of the CFO and CRO and is leading to a re-think of organizational structures, business processes and underlying technology architectures.
While Mestchian says that regulation continues to play a major role in driving demand for risk technology, he also points to a trend towards "value-based compliance" moving away from the traditional "tick box" mentality.
Part 1 - How to… Integrate Strategy and Risk Management - 28 Sept '11
Would you like to integrate your risk management process within an overall strategic framework?
Would you like to embed risk appetite into the overall strategy process?
Would you like to support the embedding and cascading of an integrated strategy and risk framework with technology?
Join us for the first of four webinars in our “How to…” series – “How to Integrate Strategy and Risk Management”
During this webinar, StratexSystems will:
- Provide insight on how to develop an integrated strategy and risk management process
- Show how that process can be cascaded and embedded within the organisation
- Explain the role risk appetite has to play in the strategy process
- Reveal some tips on building a culture of accountability
- Demonstrate how an integrated approach to strategy and risk management can be enabled via StratexPoint, a SharePoint-based GRC solution
Details:
Wednesday, 28th September, 2011. 16:00 BST / 11:00 EDT
Part 2 – How to… Deliver an Effective, Robust Risk Framework while responding to a Regulatory Action - 09 Nov. '11
Is your organisation facing the challenge of a regulatory action, such as a RMP or Section 166?
Are you leading your organisation's regulatory response, whether to Basel 3, Solvency 2 or Dodd–Frank, and wondering where to start?
Do you want to drive real business value from your risk and regulatory initiative rather than simply tick regulatory boxes?
Join us for the second of four webinars in our “How to…” series – “How to deliver an effective, robust risk framework while responding to a regulatory action”
During this webinar, StratexSystems will:
- Provide insight into how clients have been successfully delivering their framework in response to regulatory action
- Show how to deliver real, tangible business value alongside meeting regulatory obligations
- Touch on all aspects of the delivery of risk framework, from managing the programme to developing a robust risk framework
- Offer tips on embedding a culture of accountability
- Demonstrate how technology can be used as an enabler
Details:
Wednesday, 9 November 2011. 16:00 BST / 11:00 EDT
Part 4 – How to… Leverage SharePoint for Risk Management - 30 Nov '11
Do you need to deliver an effective strategy and risk management process?
Do you need to reduce operational losses and the cost of compliance?
Do you need to simplify your IT environment and eliminate ad hoc spreadsheets and systems?
Is it time to improve your Risk Management technology?
Join us for the last of four webinars in our “How to…” series – “How to Leverage SharePoint for Risk Management”
During this webinar, StratexSystems will:
- Discuss some of the risk and regulatory challenges facing the financial services industry today
- Discuss the role a sound methodology and robust technology can play in meeting risk and regulatory challenges today
- Provide an overview of the StratexPoint GRC solution including outlining why it is the right solution for SharePoint users to adopt
- Finally, we will provide a demonstration of how StratexPoint enables Strategy and Risk Management, including Strategy Mapping, Risk and Controls Assessment and the alignment of risk appetite to strategy
Details:
Wednesday, 30th November 2011. 16:00 GMT / 11:00 EST
Initiative Management – The ‘Lite Touch’
A critical part of delivering performance targets and managing risk is managing and aligning the organisational change agenda, which can be made up of short term actions and longer term initiatives. Additionally, ensuring initiatives and actions are managed and aligned will reduce waste and save scarce capital.
Research shows that there is significant waste and room for improvements within organisations' capital expenditure related to actions and initiatives. Indeed it has been estimated that organisations waste between 20% - 40% of their capital expenditure through a lack of alignment. Therefore continuously managing the portfolio of initiatives and actions is a critical management activity.
StratexPoint is designed to provide a ‘lite touch’ approach to portfolio management, uniquely integrating initiatives and actions management within an overall performance and risk management solution.
The flexibility of the solution means organisations can deploy it in various ways; they can manage initiatives-related risks and controls, monitor the performance of initiatives, and continuously manage the alignment of the portfolio of initiatives. Specifically, users are able to:
· Align their initiatives to objectives, controls and risks
· Apply KPIs around each initiative
· Define risks and controls, with associated indicators and assessments for each initiative
· Define tasks for each initiative and link those initiatives to Microsoft project tools, including Microsoft Project Server and Microsoft Project 2007/2010
9 Things StratexPoint Enables Users to do…
StratexPoint is the only SharePoint application which is specifically designed to support an integrated approach to performance and risk management, and specifically the Risk-Based Performance methodology. Within the solutions users are able to:
1. Define strategic objectives and map these using a strategy map
2. Define key and emerging risks and map these using a risk map
3. Define risk appetite within the context of the defined objectives and risks
4. Manage and monitor the alignment of risk exposure to appetite
5. Define a set of Key Indicators, KPIs, KRIs and KCIs
6. Align the organisational change agenda to deliver the objectives via initiatives and actions
7. Encourage the right culture using the RACI model to define ownership and governance
8. Automated performance dashboards and reporting, while enabling advanced analytics
9. Encourage a collaborative approach to delivering performance via commentary, alerts and other web 2.0 collaboration capabilities
