What makes a great risk management team?

Keeping steady hands on the corporate tiller, risk managers have very specific traits that can flourish in contrasting yet complementary ways Keith Ricketts –  vice president of Sword Active Risk. Much like risks themselves, risk managers come in all shapes and sizes. However, in terms of character inflections and outlook, there is, in fact, a stereotypical risk-manager mentality – and our research shows that about 60% fall broadly into this…

Rivo Positions in Gartner Magic Quadrant for Operational Risk Management

Rivo today announced it has been named in its second Gartner Magic Quadrant report of 2014, recognized as a global player in Operational Risk Management (ORM). Rivo, the leader in enterprise software-as-a-service based safety, security, sustainability, supply chain and analytics solutions, today announced it has been named in its second Gartner Magic Quadrant report of 2014, recognised as a global player in Operational Risk Management* (ORM). On May 6th of…

Audit and Risk Professionals Say Biggest Challenge is Communicating with Executives

The most widespread challenge facing audit, risk management and compliance professionals is putting their work into a context that speaks to executives. According to the 2014 GRC Technology Pulse Survey, conducted by ACL, the company that is transforming audit and risk, 42 percent of the more than 1,700 finance, audit, risk, and compliance professionals surveyed cited this issue as the largest obstacle they face today. One reason this remains a…

AvePoint Wins 2014 Disability-Smart Award for Compliance Products and Solutions

Avepoint, the established leader in enterprise-class management, governance, and compliance software solutions for next-generation social collaboration platforms, announced today that it won the 2014 Disability-smart award in the category of Products and Services, B2B for its compliance solutions. AvePoint Compliance Guardian and Compliance Guardian Online – part of AvePoint Online Services, used by nearly 2 million cloud users today – offer complete Governance, Risk and Compliance (GRC) platforms that provide…

Enterprise Risk Management : 4 Predictions for 2015

The year 2014 has come and nearly gone, and it’s clear that enterprise risk management will not go quietly into the night. Following a 2013 that saw Edward Snowden NSA leaks, a Carnival Cruise line generator fire, and Target’s credit card heist (to name only a signature few), this year has proven to be no slouch: FINRA has disciplined thousands of companies with over $34 million in fines, Home Depot and…

Sico announces key management appointments

Securities & Investment Company (Sico), licensed by the Central Bank of Bahrain (CBB) as a conventional wholesale bank, has announced two new senior management appointments. Anantha Narayanan, who joined Sico in 2008 as the head of internal audit, takes over as chief operating officer. With over 24 years’ international experience in audit and risk management in the banking industry, he previously worked for international and regional banks as well as…

Meta Byte teams up with MetricStream in key deal

Meta Byte Technologies, a leading next-generation technology consulting company, has signed a partnership deal with MetricStream, a leader in governance, risk, and compliance (GRC) and quality management solutions. The deal is aimed at equipping Middle East-based organisations across industries with the most sophisticated risk, compliance, and quality management solutions, said a statement. The companies in the Middle East are currently facing an increasing volume, velocity, and variety of risks, mounting…

Ecuador-Based Banco Pichincha Chooses MetricStream GRC Cloud for Business Continuity Management

The largest private bank in Ecuador, Banco Pichincha, has selected MetricStream to provide a multi-lingual cloud-based solution for Business Continuity Management (BCM). MetricStream’s solution will help minimize the impact of business disruptions as well as aid in crisis and incident management planning by streamlining and automating the BCM lifecycle. It will also provide an integrated framework to collaboratively manage all BCM processes, including Business Impact Analysis (BIA), Business Continuity Planning…

Only 24% of top companies have risk management committees: Grant Thornton

The report finds that 77% of banking and financial services sector companies having a risk-management committee Only 24 of the top 100 Indian companies by market capitalization have formed risk management committees on their boards, according to the Governance Observer report from consulting firm Grant Thornton. While enterprise risk management was not mandatory according to the Companies Act of 1956, in the 2013 law, the board and audit committees have…

Misys Increases Its Dominance in the 2014 Risk Technology Rankings As the Overall Winner in Enterprise-wide Risk Management

Misys Overall winner for market, credit, counterparty, liquidity, aggregation and Basel III and first place in eight other categories Misys, the global leader in financial services software, has been honoured with the overall winner in the enterprise-wide risk management, according to the 2014 Risk Technology Rankings. The first place position underscores the ability of Misys to enable clients to respond to all regulatory compliance and reporting requirements. The company has…