Upload
charla-ray
View
215
Download
2
Tags:
Embed Size (px)
Citation preview
RISK MANAGEMENT AS
BUSINESS PLANNING
Kenny MacLeod
WHY MANAGE RISK?
Compliance?
WHY MANAGE RISK?
Compliance? No!
WHY MANAGE RISK?
Compliance? No! Compliance is an input to and
an output from but not the purpose of risk management
WHY MANAGE RISK?
Economic Management No such thing as a free
lunch!
WHY MANAGE RISK?
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?
RISK IS WHAT POTENTIALLY STOPS YOU FROM ACHIEVING YOUR DESIRED OUTCOMES
…..OR CHANGES THOSE DESIRES
WHY MANAGE RISK?
CASE STUDY
Scotwest Credit Union
RISK CATEGORIES RISK APPETITE RISK SCORING
RISK MANAGEMENT FRAMEWORK
DEFINE RISK CATEGORIES
RISK MANAGEMENT FRAMEWORK #1
DEFINE RISK APPETITE
RISK MANAGEMENT FRAMEWORK #2
DEFINE RISK APPETITE
RISK MANAGEMENT FRAMEWORK #3
DEFINE RISK ASSESSMENT SCORING
RISK MANAGEMENT FRAMEWORK #4
DEFINE SCORING CRITERIA
RISK MANAGEMENT FRAMEWORK #5
DEFINE SCORING CRITERIA
RISK MANAGEMENT FRAMEWORK #6
STRATEGIC PLANNING
REPLICATE RISK CATEGORIES
STRATEGIC PLANNING
LEAD WITH CATE-GORY HEAT MAP
STRATEGIC REPORTING
REPORT ON SAME BASIS
PRODUCT PLANNING #1
PLAN ON SAME BASIS
PRODUCT PLANNING #2
OUTCOMES
CONSISTENT MEASUREMENT CRITERIA THROUGHOUT BUSINESS
“AT A GLANCE” GOVERNANCE BASED ON RISK
…and of course COMPLIANCE
WHERE TO NOW?
- “RUMSFELD CONUNDRUM”
- OPPORTUNITY RISK
DECISION TREES?
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