Risk Maturity Models: How to Assess Risk Management Effectiveness

ISBN-13: 9780749477585 / Angielski / Miękka / 2016 / 320 str.

Domenic Antonucci

Opis

Risk management maturity measures how effectively an organization can identify and tackle the risks it faces. Without measuring or tracking this maturity, board members/leaders do not have the confidence that the risk management processes they are overseeing can deliver adequate protection from risk. Author Domenic Antonucci argues that the best way to keep track of risk management maturity is through Risk Maturity Models (RMMs). RMMs outline key capabilities that govern how effectively organizations manage risk and allow risk functions to benchmark current performance and identify areas for improvement. This book explains the benefits of RMMs, the principles behind their construction and use, and offers a chart of sixty of the leading RMMs available (both free and paid for) along with recommendations for which circumstances these models are best suited for. After introducing the theory and practice of RMMs, the second part of the book offers tailored advice in the form of practitioner scenarios on how risk professionals, internal auditors, and board members can use these models in different contexts.

Recenzje

"We live and work in an increasingly complex, faster moving and connected world. The risk landscape faced by organisations today and in the future is increasingly one made up of intangible risks - risks typically more difficult to assess and control than more 'traditional' physical risks. Intangible risks demand an enterprise risk management ("ERM") approach - archaic risk silos have no place in this world - cyber is not just an IT risk, people are not just an HR risk. Risk management is at the top of the board room agenda and organisations are seeking ways in which they can evaluate and benchmark their ERM maturity. This authoritative book by Domenic Antonucci, a recognised international thought leader in the space of risk maturity is a welcome addition to every risk professional's tool kit. The book follows a logical approach and is packed with information designed to explain risk maturity and to help risk professionals use this technique in support of their position as risk leaders and trusted risk advisors." Julia Graham, AIRMIC Ltd

Spis treści

• Section - 01: Background to risk maturity models;
• Section - 02: The case for a risk maturity model;
• Section - 03: Comparing risk maturity models against each other;
• Section - 04: Tailoring and benchmarking a risk maturity model;
• Section - 05: Designing a tailored risk maturity model;
• Section - 06: How risk, audit and board functions benefit from risk maturity;
• Section - 07: Summary of risk maturity models from practitioner perspectives;

O autorze

Domenic Antonucci is a practising chief risk officer and a senior risk governance and compliance specialist. An Australian expatriate based in Dubai UAE, Domenic specialises in bringing organisations 'up the risk maturity curve' and building risk practitioner tools for implementing ERM, ISO 31000 and COSO ERM. Formerly with Marsh Risk Consulting, Shell and Red Cross, he enjoys over 30 years' experience in risk, corporate strategic planning and business management across many sectors in Europe, Africa, Middle East, Asia and Australia-Pacific.

A regular international conference presenter and author, Domenic Antonucci is the content author for various risk maturity model software releases. These include Benchmarker(TM) risk maturity model, the first tool to self-assess risk management effectiveness through a set of capabilities expected to be delivered by a risk chief, and cross-walked to both ISO 31000 and COSO ERM. His book Risk Maturity Models (published by Kogan Page) is the first to focus on this important topic.