TIP SHEET: How To Build An Efficient Enterprise Risk Management Plan
And Avoid 7 Common ERM Planning Problems
Is your organization approaching financial risk management efficiently and effectively? Does your program support your strategic business objectives?
Without the right Enterprise Risk Management (ERM) plan, it’s difficult for banks and financial institutions to focus on the greatest risks and determine the appropriate controls.
As a result, each department may be managing risk on its own (which is inefficient), or some departments may not be managing risk at all (which leaves control gaps).