Enterprise Risk Management (ERM) program...having one could make your annual SOC Audit less painful
Corporate governance. Capital Requirements. Information Security. Identifying and measuring potential risks help you manage and create a solid ERM program for your firm.
In the Financial Services space where security regulations and requirements are mandated, you must take a comprehensive approach to ERM to identify and mitigate potential threats. Risk is cumulative, and unidentified weaknesses can quickly cause damage, resulting in costly solutions that can lead to serious reputational and financial damage.
The first step in designing a sound ERM program is to understand which components are needed and how to implement them.
In the end risk management is everybody’s job – do you have a plan in place to help your board understand and your employees manage unpredictable threats and known weaknesses? I can help you assess your risks and build your framework.