Norman Marks

APRIL 4, 2024

I congratulate José David Pino for his brave attempt to call attention to ineffective risk management in his article for the IIA’s magazine, On the Frontlines: How Mature is Your Risk Management?

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Norman Marks

MAY 30, 2023

The management team at Silicon Valley Bank failed to take precautions against rising interest rates that would devalue their assets. Was that a risk management failure? I call it a management failure. They knew or should have known of the risk and taken earlier action.

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Norman Marks

AUGUST 7, 2024

On the same day that I published my last blog post, Important survey results for internal audit, boards, and management, explaining how internal audit can help their organization upgrade risk management processes, I saw the IIA President and CEO, Anthony Pugliese, announce: UPDATED GLOBAL PRACTICE GUIDE: Assessing the Risk Management Process, 2nd Edition (..)

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Risk Management Guru

FEBRUARY 2, 2021

Agriculture business managers spend a lot of their time with farmers answering questions related to contracts, invoicing, ticketing and more. Managing end-to-end movement of goods from farm to silos to shipping to storage and delivery is complicated. Financial risk and compliance. Cost management.

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Risk Management Management Compliance Medical 52

Norman Marks

AUGUST 12, 2022

I have been talking (OK, preaching) about the need to manage the likelihood of achieving objectives (i.e., success) rather than limiting yourself and the organization by managing or mitigating risks. You need to take risks if you ever want to achieve objectives; the key is taking […].

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Norman Marks

JULY 14, 2022

My thanks go to Professors Mark Beasley and Bruce Branson of North Carolina State University’s Poole College of Management (the Enterprise Risk Management Initiative). They recently published 2022 The State of Risk Oversight: An Overview of Enterprise Risk Management Practices – 13th Edition.

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Risk Management Management Compliance Government 57

Norman Marks

JULY 17, 2023

Professors Mark Beasley and Bruce Branson of the North Carolina State University’s Poole College of Management have shared with us for 14 years the results of their surveys of risk management practices.

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Norman Marks

JULY 1, 2022

Nick Sanna, the CEO of RiskLens, a software company specializing in cyber risk management, recently issued a wake-up call for risk managers in a presentation at a Professional Risk Managers’ International Association (PRMIA) conference. He “encouraged risk managers […].

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Norman Marks

JULY 5, 2022

I commend Marco Nutini for his recent LinkedIn post, Risk and decision: egg or chicken? He asks: In your opinion, which of the two alternatives best represents the Enterprise Risk Management process?

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Risk Management Guru

OCTOBER 24, 2022

The RBI Grade B Mains Exam’s Finance & Management portion includes a subsection on Risk Management in the Banking Sector. A bank may make more money by taking on greater risk since the relationship between risky assets is direct. What Does Risk Management Mean In The Banking Industry? Conclusion .

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Risk Management Guru

NOVEMBER 23, 2023

The regulatory landscape for risk management in financial services is constantly evolving, presenting a formidable challenge for firms and Banks striving to comply and manage their risk profiles effectively. This engagement fosters a collaborative environment and enhances regulatory awareness.

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Compliance Risk Management Financial Services Management 52

Norman Marks

NOVEMBER 7, 2022

I want to thank the 102 people who responded to my survey. The results are quite interesting. First, there is an inherent bias in the responses. These are all people who are reading my posts and are therefore more likely (I believe) than the general population to agree with what I have been advocating. Having […].

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International College of Financial Planning

MARCH 31, 2023

Wealth management is an important aspect of the financial world that focuses on managing wealth to help individuals and families achieve their financial goals. Wealth management involves a range of financial services as an investment, finance, real estate, tax, and risk management.

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Wealth Management Management Risk Management Ethics 52

Norman Marks

JUNE 20, 2022

PwC has shared with us the results of their 2022 Global Risk Survey. It has some interesting stuff, although (as usual) doesn’t go far enough for me. Their food stuff includes: In this turbulent business environment, many executives find the need to revise and adapt their strategies and operating models at a rapid pace. They […].

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Norman Marks

AUGUST 5, 2024

A new report from AuditBoard, Internal Audit’s Expanding Role: The Foundation for Connected Risk, written by an old friend (Tom O’Reilly), makes three important points: Internal audit functions are not efficient. Leaders are looking […]

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Management Risk Management Compliance Government 40

Norman Marks

MARCH 18, 2022

For example, the traditional way of thinking about responses to risk includes the expression “accepting risk”. A single word can change so much. The options are avoiding, transferring, or mitigating. The idea of taking more (!) is ignored.) That is so passive!

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Mish Talk

NOVEMBER 13, 2022

Our Customer Service Team will follow up and strive to resolve the requests manually one by one in close coordination with our security, operations and compliance team to ensure a smooth process. And we seek to provide the highest level of transparency on our liquidity and risk management. "

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Norman Marks

SEPTEMBER 19, 2022

Today, I will review two very different sources for perspectives on risk management. The first is an interview with Robert Finocchio on ‘Risk Oversight and Assessment’. Then I will provide a link to a paper by a law firm of relevance for board members and CROs. If you look at his background, you will see […].

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Management Risk Management Compliance Government 81

Norman Marks

NOVEMBER 9, 2023

My congratulations to my good friend, Jim Deloach, and to James Lam for their contributions to Board Risk Oversight in the Age of Disruption, published by the (US) National Association of Corporate Directors (NACD). The article captures some of the content of an NACD webinar that was hosted by Protiviti with James Lam as a […]

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Carson Wealth

JULY 3, 2024

Managing the business’s finances is one of the most crucial aspects. Proper financial management can be the difference between a thriving business and one that struggles to stay afloat. Conduct a risk assessment to identify potential risks and their impact on your business.

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Financial Planning Planning Retirement Planning Tax Planning 139

Norman Marks

JULY 21, 2023

Anthony Pugliese (President and CEO of the IIA) said in a recent webinar that GRC stands for Governance, Risk Management, and Compliance-slash-Control. I am sure he said that because the IIA has the C meaning Control while the rest of the universe has C for Compliance. This is just one of the reasons that I […]

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Risk Management Guru

SEPTEMBER 20, 2021

Whether you’ve just started in Risk Management or you’re already a professional in this arena, this article will interest you. We are highlighting some of the reference professionals we follow who are seasoned Risk Managers, each in its own area of expertise. Linked In. Website / Blog. Linked In. Horst Simon.

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Fortune Financial

SEPTEMBER 25, 2023

How to Choose the Right Wealth Management Firm in Kansas City Managing your wealth is a crucial aspect of financial success and security. Let’s look at key factors to consider when selecting the ideal wealth management firm in the Kansas City metro area. But with many options available, how do you choose the right one?

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Wealth Management Management Risk Tolerance Retirement Planning 59

Norman Marks

SEPTEMBER 9, 2024

My good friend and fellow OCEG Fellow, Michael Rasmussen, has shared some of his views/rants about the practice of risk management.

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Fortune Financial

SEPTEMBER 25, 2023

How to Choose the Right Wealth Management Firm in Kansas City Managing your wealth is a crucial aspect of financial success and security. Let’s look at key factors to consider when selecting the ideal wealth management firm in the Kansas City metro area. But with many options available, how do you choose the right one?

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Wealth Management Management Risk Tolerance Retirement Planning 52

Trade Brains

SEPTEMBER 26, 2024

The company, in consultation with joint global coordinators and book-running lead managers, will finalize the minimum bid lot and price band. The exchange manages the NIFTY 50 index, a key benchmark for Indian capital markets. NSE also oversees compliance by its members and listed companies with relevant rules and regulations.

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Compliance Banking Management Risk Management 90

Norman Marks

MARCH 28, 2024

I have written a lot over the years about risk appetite and the value of risk appetite statements, both here on this blog and also in my books, especially World-Class Risk Management (2015) and Risk Management in Plain English: A Guide for Executives, Enabling Success through Intelligent and Informed Risk-Taking (2018).

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International College of Financial Planning

JANUARY 31, 2024

Risk Management and Compliance: Vital for risk management and audit professionals, this area focuses on identifying and mitigating risks while ensuring regulatory compliance. This specialization makes it an ideal choice for students aiming to excel in these fields.

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Certification Education Financial Planning Wealth Management 52

Norman Marks

OCTOBER 23, 2023

I have some video events coming up, including: Risk Awareness Week 2023, where I am speaking on risk-taking. An Institute of Risk Management panel discussion on “How Risk Practitioners Can Earn Trust and Respect as Valued Partners”. The Risk Management Association’s annual conference.

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Diamond Consultants

NOVEMBER 29, 2022

In today’s heightened regulatory environment, risk reduction is often a firm’s top priority—making advisors more vulnerable than ever before. Knowledge is power—particularly in a world where compliance scrutiny has ramped up, and firms prioritize risk reduction over revenue creation. Let’s start with internal investigations.

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Good Financial Cents

DECEMBER 14, 2022

After all, people will always need financial services, whether investing their money , taking out loans, or managing their taxes. The CFO role is multi-faceted and includes everything from financial planning and analysis to business budgeting, financial decision-making, and risk management. Financial Manager.

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Budgeting Compliance Accounting Insurance 88

Norman Marks

MARCH 11, 2024

Today, let’s talk about their second demand, which follows on from their first: Express an overall opinion on the effectiveness of risk management and controls by “connecting the dots”. Let’s […]

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Trade Brains

SEPTEMBER 13, 2024

The company specializes in providing technology-driven services for asset managers and corporate issuers, including mutual fund registry, transfer agency services, and investor solutions. KFin Technologies is currently advancing its digital platform, excelling in transaction management, big data solutions, and wealth management services.

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Wealth Management Banking Management Portfolio 59

Million Dollar Round Table (MDRT)

APRIL 4, 2023

If I’m going to do a global risk management project for your finance s , you ’ve got to tell me everything.” ” But, of course, when I first designed the program, I knew that when we do compliance fact-finders, one of the first two pages is asking about their income.

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Norman Marks

FEBRUARY 15, 2024

I read a recent post on LinkedIn (now deleted, fortunately) that asserted that the job of the risk manager is to quantify every risk. Of course I replied that their job is to help the organization and its leaders succeed by helping them get the right information at the right time to make the right […]

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Norman Marks

MARCH 22, 2024

This may be an odd question to ask, but as a leader of internal audit and risk management it was an important issue for me. While there is so much talk about artificial intelligence, I believe it is far more important to optimize human intelligence! Where we sit affects: Our ability to know what is […]

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Norman Marks

NOVEMBER 27, 2023

He wisely says: If we wanted to really make a difference to decision makers we would switch from risk reporting to risk-adjusted performance reporting instead. Risk managers always have a choice: generate own risk reports or use the outputs of […] It’s an excellent question.

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