Moving Beyond “Box Ticking” Risk Management
Thursday, June 23, 2011 at 13:08 If organisations aim to move beyond traditional 'box ticking' approaches to risk management, Manigent's Risk-based performance provides a framework to take a strategic approach to risk management that meets both regulatory and business demands.
Risk-based performance methodology integrates performance and risk management. It was developed with clients to address the challenges of Basel 2 and Sarbanes Oxley, whilst meeting performance targets.
To support organisations as they seek to deliver on their risk management agenda, Manigent works with management teams to develop technology-enabled management processes and capabilities in five key areas:
Manage – the capability to balance acceptable levels of risk.
Align – the capability to understand which strategic activities most effectively mitigate risk.
Monitor – the capability to understand what current and past levels of risk are.
Analyse – the capability to understand why risk is at current levels.
Plan – the capability to model and stress test future levels risk.