Manuel Carmona’s Post

Foresight is a crucial part of #riskmanagent!

Leveraging Root Cause Analysis (#RCA) for Enhanced #RiskAssessment and Mitigation. Every #risk management process contains many stages and numerous #decision points. The main question is how to manage such a process, specifically determining how much should be automated and how much should involve human intervention. A critical #factor in the success of an organization is the ability to reduce risks and identify new risk patterns before they affect the company’s #profitability. #Seenity has the unique ability to realize these patterns. One of the central processes, even before deciding what to leave for the models, is the process of analyzing the causes of the risk, known as #RootCauseAnalysis (RCA). Read More : https://lnkd.in/d-vN7bnW

📌 Risk Curve Visualization in the context of Risk Management ‐--------------------------------------------------------------------------- Risk Curve visualization is a powerful tool that can help businesses and organizations to identify potential hazards and manage risks effectively. It is a graphical representation of the likelihood and impact of different risks, which allows decision-makers to see the big picture and make informed decisions. #riskassessment #riskmanagement

Getting closer to the risks inside and outside the business enable businesses of all shapes, industries and sizes to navigate a more complex trading environment — so does being clearer on priorities and coordinating with risk mitigation. Although there is no one-size-fits-all solution that provides an optimal risk management function design, a cross-team and collaborative approach to assess risks from multiple angles can be beneficial. Insights Read our report and stay ahead with Gallagher's forward-thinking risk control strategies. We believe in discovering a better way for you to manage your risks. #riskmanagement #riskmanagers #insuranceindia

The Operational Risk Appetite (ORA) model is a critical tool for managing risk in a strategic manner. To ensure success, it's important to take a top-down approach, starting from the board and senior management, to define, communicate, and manage within the set risk parameters. While there may be challenges in quantifying and integrating operational risk into the ORA model, the benefits of having a clear and well-communicated ORA are significant. These benefits include better governance, strategic alignment, and regulatory compliance. Don't underestimate the power of a well-defined ORA. #RiskManagement #projectmanagement

Assessing progress based on tangible gains rather than distant targets is key to sustainable growth and effective risk management. By comparing current status to past performance, organizations can make realistic evaluations, reduce risks, and drive incremental improvements. This approach enables strategic adjustments grounded in real achievements, fostering continuous development. #ProgressoverPerfection #SustainableGrowth #RiskManagement

Exploring Alternative Risk Transfer: A Guide for Businesses In today’s ever-evolving landscape of risk management, businesses are increasingly turning to alternative risk transfer (ART) strategies to navigate uncertainties and protect their assets. From captives to self-insurance, ART offers a diverse array of options tailored to meet the unique needs and risk profiles of organizations. In this article, we’ll delve into the world of alternative risk transfer, exploring its definition, benefits, considerations, and various types, to help businesses make informed decisions about risk management. https://lnkd.in/eEXyJr_d #RiskManagement #AlternativeRiskTransfer #ART #Captives #SelfInsurance

𝐔𝐧𝐥𝐨𝐜𝐤𝐢𝐧𝐠 𝐄𝐟𝐟𝐞𝐜𝐭𝐢𝐯𝐞 𝐑𝐢𝐬𝐤 𝐑𝐞𝐬𝐩𝐨𝐧𝐬𝐞 𝐀𝐧𝐚𝐥𝐲𝐬𝐢𝐬 𝐓𝐞𝐜𝐡𝐧𝐢𝐪𝐮𝐞𝐬 (𝐂𝐑𝐈𝐒𝐂 𝐃𝐨𝐦𝐚𝐢𝐧 𝟑) In the world of risk management, choosing the right risk response technique is pivotal. Understanding how to assess and prioritize risks effectively can transform your risk management strategy. 📊 𝐊𝐞𝐲 𝐂𝐨𝐧𝐬𝐢𝐝𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐟𝐫𝐨𝐦 𝐂𝐑𝐈𝐒𝐂 𝐃𝐨𝐦𝐚𝐢𝐧 𝟑 : 🔹 Priority of Risk: Start with a solid risk assessment report. 🔹 Recommended Controls: What controls are suggested, and how feasible are they? 🔹 Cost vs. Benefit: Weighing acquisition costs, training expenses, and the impact on productivity. How do you determine the best risk response for your organization? Do you rely more on quantitative measures or qualitative insights? Share your strategies and let's discuss the best practices! 🤔 #RiskManagement #CRISC #RiskAnalysis #CostBenefitAnalysis #RiskResponse #ProfessionalDevelopment

There is still time to join the remaining workshops in our Operational Risk Series. This is your opportunity to dive deep into key strategies, share insights with industry experts, and elevate your understanding of operational risk management. Don't miss out on this chance to sharpen your skills, ready for the 2025 business year. ➡ Operational Risk - Session 4: Best Practices for Risk Reporting, 9 December: https://lnkd.in/efsFJs-9 ➡Operational Risk - Session 5: Incorporating ESG into Operational Risk Framework, 11 November: https://lnkd.in/eVkdic3c ➡Operational Risk - Session 6: Building Effective Operational Risk Teams and Embedding Risk Culture, 18 November: https://lnkd.in/eGQVym_E ➡Operational Risk - Session 7: Maturity Assessment and The Future of Operational Risk Discipline, 25 November: https://lnkd.in/e3HYfkBQ #UKFinance #Workshops #OperationalRisk #Risk #Culture

"Risk Management: The Art of Anticipating and Adapting! 🚦" "Effective risk management is more than just identifying threats—it's about building resilience and turning uncertainties into opportunities. In today's dynamic business environment, a proactive approach to managing risk can be the difference between success and setback. Whether it's financial, operational, or strategic risks, understanding and mitigating them early on paves the way for sustainable growth and stability. 📈 Every risk has a story, and every strategy we implement shapes the outcome. Let’s keep learning, adapting, and pushing boundaries to create value-driven solutions! How do you approach risk in your organization? 🤔 #RiskManagement #StrategicThinking #BusinessResilience #ProfessionalDevelopment"