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RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

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Page 1: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

RISK MANAGEMENT AS

BUSINESS PLANNING

Kenny MacLeod

Page 2: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

WHY MANAGE RISK?

Page 3: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

Compliance?

WHY MANAGE RISK?

Page 4: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

Compliance? No!

WHY MANAGE RISK?

Page 5: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

Compliance? No! Compliance is an input to and

an output from but not the purpose of risk management

WHY MANAGE RISK?

Page 6: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

Economic Management No such thing as a free

lunch!

WHY MANAGE RISK?

Page 7: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

Economic Management No such thing as a free lunch! What is the best use of scarce

resources? What is the opportunity cost? How do we get the desired

outcomes?

WHY MANAGE RISK?

Page 8: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

RISK IS WHAT POTENTIALLY STOPS YOU FROM ACHIEVING YOUR DESIRED OUTCOMES

…..OR CHANGES THOSE DESIRES

WHY MANAGE RISK?

Page 9: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

CASE STUDY

Scotwest Credit Union

Page 10: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

RISK CATEGORIES RISK APPETITE RISK SCORING

RISK MANAGEMENT FRAMEWORK

Page 11: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

DEFINE RISK CATEGORIES

RISK MANAGEMENT FRAMEWORK #1

Page 12: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

DEFINE RISK APPETITE

RISK MANAGEMENT FRAMEWORK #2

Page 13: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

DEFINE RISK APPETITE

RISK MANAGEMENT FRAMEWORK #3

Page 14: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

DEFINE RISK ASSESSMENT SCORING

RISK MANAGEMENT FRAMEWORK #4

Page 15: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

DEFINE SCORING CRITERIA

RISK MANAGEMENT FRAMEWORK #5

Page 16: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

DEFINE SCORING CRITERIA

RISK MANAGEMENT FRAMEWORK #6

Page 17: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

STRATEGIC PLANNING

REPLICATE RISK CATEGORIES

Page 18: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

STRATEGIC PLANNING

LEAD WITH CATE-GORY HEAT MAP

Page 19: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

STRATEGIC REPORTING

REPORT ON SAME BASIS

Page 20: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

PRODUCT PLANNING #1

PLAN ON SAME BASIS

Page 21: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

PRODUCT PLANNING #2

Page 22: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

OUTCOMES

CONSISTENT MEASUREMENT CRITERIA THROUGHOUT BUSINESS

“AT A GLANCE” GOVERNANCE BASED ON RISK

…and of course COMPLIANCE

Page 23: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

WHERE TO NOW?

- “RUMSFELD CONUNDRUM”

- OPPORTUNITY RISK

Page 24: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

DECISION TREES?

Page 25: RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

RISK MANAGEMENT IS BUSINESS PLANNING

Risk management should drive all of your activities if you want to deliver the best service and return to your Members

CONCLUSION