Choosing the right enterprise risk management (ERM) software is an important decision for any organization committed to maintaining robust governance and compliance standards while capturing opportunities for growth. But what evaluation criteria should you use ..read more

The U.S. Department of Treasury has released a report on managing artificial intelligence (AI)-related risk in the financial services sector, prompted by an Executive Order. The outcomes of the report were informed by interviews with industry stakeholders in financial services and make up a comprehensive set of recommendations. The good news is that you most likely have the enterprise risk management capabilities to meet them already ..read more

For every organization, the integration of risk appetite and strategy is crucial. When risk appetite is considered separately from strategy, the outcome can be misaligned risk appetite, misaligned risk management and missed opportunities ..read more

The role of Chief Risk Officer (CRO) brings challenges and responsibilities that can seem daunting, whether you're new to the position or an experienced professional looking to refresh your approach. You’re looking to build a risk management machine that operates efficiently across all levels of your organization – but you can’t do that without getting the individuals in the organization onside ..read more

Writing a book is on many people’s bucket list. I had it on mine many years ago and was blessed to be able to tick it off in 2011 with A Short Guide to Operational Risk. Now some 13 years later I get to tick it off again! This time with Risk Appetite for Dummies: Protecht Special Edition, with the wonderful help from my Protecht colleagues and my fellow author, Brett McLaughlin from ‘For Dummies ..read more

Imagine a scenario where the internet grinds to a halt for not just one organization but entire nations. This isn't a hypothetical situation; it's a reality that struck 13 African countries last month due to severed subsea communication cables. It’s an event you couldn’t predict – or could you ..read more

As organizations increasingly rely on sophisticated algorithms to guide everything from financial investments to operational efficiencies, the stakes for accuracy, reliability, and integrity of these models escalate exponentially ..read more

Staying ahead in risk management means continually questioning the adequacy of our tools and processes. We need to understand when our existing systems, perhaps cobbled together from spreadsheets and disparate software, or maybe just designed for a smaller and less complex business, no longer meet our organizations’ needs ..read more

Stepping into the role of a Chief Risk Officer (CRO) marks the beginning of a journey that is as rewarding as it is challenging ..read more

As the world comes together to celebrate International Women's Day 2024 under the theme Embrace Equity, we asked Kiran Pabial, Risk Manager at Mansfield Building Society and Hela Ebrahimi, Senior Risk Consultant at Protecht about their experiences in the risk industry. Here they describe the challenges and triumphs they've faced, from navigating workplace dynamics and breaking stereotypes to the personal and professional milestones that have defined their careers.  ..read more