Navis Group's Approach to ERM? Efficient Risk Management !
Invitation to Bankers to Join the Risk Management Discussion
Utilizing BasecampHQ.com, we provide direct access to some of our ERM tools To be part of the discussion, please request a "set-up" via e-mail to sidon@navis-group.com - all we need is your name and e-mail address to send you an invitation from our Basecamp site to set up your own unique user name and password, which will then provide access to our ERM library, and even share documents, spreadsheets and articles of interest with your peers!
What is ERM? Enterprise risk management (ERM) is the new catchphrase for a methodical, disciplined and holistic approach to all-things-risk within a financial institution.
There are two “levels” at which ERM is generally discussed. At a higher level, enterprise risk management encompasses broad-based entity-wide strategies. For banks, such would include merger and acquisition decisions, C-level employment decisions, branching strategies, and of late, the “to TARP or not to TARP” debate. On a more granular plane, ERM considers financial and operational risks at the process level. For banks, ERM might conjure up thoughts of FDICIA or SOX controls analysis regarding wire transfer authority or technology security or other process integrity issues.
The Navis Group has developed an Excel-based approach to manage and capture the breadth of enterprise risk management. Based on a process centricity, we have assisted SOX, FDICIA, and "best-practicers" with coordinating their risk efforts toward the goal of Efficient Risk Management.
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