Pakistan Microfinance Network’s Post

After a successful training and induction for the past three weeks as an Account Officer Accion Microfinance Bank Limited I have been exposed to a lot of sections and training and all thanks to our MD Taiwo Joda for the training exercise. In the course of the training I learnt the following; Effective risk management and finance management are crucial for any organization's long-term success. Risk management involves identifying, assessing, and mitigating potential threats to assets, resources, and stakeholders. #Finance management ensures optimal allocation of resources, maximizing returns while minimizing costs. However, these functions shouldn't operate in isolation. Integrating customer-centricity into risk and finance management enables organizations to make informed decisions, balancing risk tolerance with customer needs and expectations. By prioritizing customer-centric risk and finance management, organizations can enhance trust, loyalty, and reputation. This integrated approach considers customer feedback, market trends, and regulatory requirements. Key benefits include improved risk assessment, optimized resource allocation, and strategic decision-making. Embrace this holistic approach to drive #business resilience, sustainability, and growth. #RiskManagement #FinanceManagement #CustomerCentricity #StrategicDecisionMaking #BusinessResilience #Sustainability #Growth #CustomerFeedback #MarketTrends #RegulatoryCompliance #FinancialPlanning #RiskAssessment #ResourceOptimization #OrganizationalSuccess #Leadership #ManagementBestPractices #CustomerExperience #FinancialStability

Just wrapped up an intensive week of learning at the Bangladesh Institute of Bank Management, diving deep into the world of Risk Management! Here's what I gained: 1. Understanding of Credit, Market, Operational, Liquidity, IT and other crucial risks. 2. Strategies for effectively mitigating these risks and safeguarding the bank's financial health. 3. The importance of robust risk management frameworks for ensuring bank stability and customer trust. The course has also further deepened my appreciation towards risk management professionals for the effort that they put in for the effective management of these risks. Feeling ready to contribute to a strong risk management culture! #banking #riskmanagement #professionaldevelopment

Operational Risk Management: A paradigm shift in frameworks and strategies in PC Hotel, Karachi Register Here: https://bit.ly/LEXICONRisk

Utilizing our proficiency in governance, risk management, and compliance, Antares Consulting is well-equipped to assist financial companies in maneuvering through the complexities of the Finance Companies Control Law enforced by the Saudi Central Bank. Our support ensures strict adherence to regulatory mandates and the mitigation of compliance-related risks, particularly in averting violations linked to professional irregularities or transactions that could endanger the interests of shareholders or creditors. #AntaresConsulting #CorporateGovernance #InternalAudit #RiskManagement #Compliance #SaudiArabia #Saudi

Utilizing our proficiency in governance, risk management, and compliance, Antares Consulting is well-equipped to assist financial companies in maneuvering through the complexities of the Finance Companies Control Law enforced by the Saudi Central Bank. Our support ensures strict adherence to regulatory mandates and the mitigation of compliance-related risks, particularly in averting violations linked to professional irregularities or transactions that could endanger the interests of shareholders or creditors. #AntaresConsulting #CorporateGovernance #InternalAudit #RiskManagement #Compliance #SaudiArabia #Saudi

Utilizing our proficiency in governance, risk management, and compliance, Antares Consulting is well-equipped to assist financial companies in maneuvering through the complexities of the Finance Companies Control Law enforced by the Saudi Central Bank. Our support ensures strict adherence to regulatory mandates and the mitigation of compliance-related risks, particularly in averting violations linked to professional irregularities or transactions that could endanger the interests of shareholders or creditors. #AntaresConsulting #CorporateGovernance #InternalAudit #RiskManagement #Compliance #SaudiArabia #Saudi

The Reserve Bank of India (RBI) has updated its operational risk management guidelines, extending them to non-banking financial companies (NBFCs) and housing finance companies (HFCs) alongside commercial banks. The revised guidance emphasizes the implementation of robust information and communication technology (ICT) risk management programs aligned with operational risk management frameworks. CXOtv news | Techplus Media | Techplus Media Group  Kalpana Singhal | ANUJ SINGHAL | Naveen Singhal #CXOTVDailyNews / #CXOTVnews Read the full news article at: https://lnkd.in/g-dpPQCM #RBI #OperationalRiskManagement #NBFCs #HFCs #ICTRiskManagement #ThirdPartyRisk #OperationalResilience #RiskAssessment #DueDiligence #ResponseAndRecoveryPlans #RegulatoryGuidelines

Antares Consulting can support financial companies in avoiding violations and ensuring compliance with regulations set forth by the Saudi Central Bank through these various services and strategies: ✅ Compliance Audits: Antares Consulting can conduct thorough compliance audits to assess the company's adherence to regulations and identify any potential areas of non-compliance or risk. ✅ Regulatory Advisory Services: Antares can provide ongoing advisory services to help financial companies interpret and understand regulatory requirements, ensuring that they remain updated on any changes in regulations that may affect their operations. ✅ Risk Management: We can assist financial companies in developing robust risk management frameworks to identify, assess, and reduce risks associated with their operations, thereby reducing the likelihood of violations. To be continued … Reference: Saudi Central Bank #AntaresConsulting #CorporateGovernance #InternalAudit #RiskManagement #Compliance #SaudiArabia #Saudi

ICICI Lombard's CIRI report highlights India Inc.'s strengthened risk management amidst global challenges, reinforcing resilience and growth strategies. To read more click on the 🔗 below: https://lnkd.in/d37jKr7Q #CIRIReport #RiskManagement #NibhayeVaade #ICICILombard

In the 4th episode of What's the Risk?® initiative, Amit Talgeri, Group Chief Risk Officer at Axis Bank, sheds light on the critical role of operational resilience in today's rapidly evolving risk management landscape in India. Operational risk, which encompasses risks arising from internal processes, people, systems, or external events, has become an area of increasing focus. This is particularly due to the rise of digital transformation, regulatory changes, and new threats such as cyberattacks and pandemic-related disruptions. Amit also delves into how India's financial sector is navigating these challenges, especially in light of the Reserve Bank of India's (RBI) guidelines and its pivotal role in shaping operational risk management frameworks. As the world’s leading certifying body in #EnterpriseRiskManagement (ERM) exams across 140 countries, this initiative underscores IRM's unwavering commitment to driving thought leadership in every industry and discipline. Watch the full episode on "Elevating Operational Risk Management in India's Banking Sector" on our YouTube Channel >> https://lnkd.in/dAajaSnX Hersh Shah, SIRM #FinancialSector #Resilience #riskintelligence #riskready #ChiefRiskOfficer #IRM #IRMIndia #InstituteofRiskManagement #IndiaGetsRiskReady #WhatsTheRisk #OperationalRiskManagement