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Webinar Experts CRL Credits

Traditional risk assessments that profile an organization’s key risks suffer from the historical point-in-time problem.  Many risk assessment processes require only an annual, or at most,semi-annual update, which is time consuming and still only provides a historical snapshot of risk that can soon become out of date. The issue is that risk is dynamic and needs to be monitored and managed on a more real time basis using a range of relevant information. What is needed is a dynamic and more objective risk profile that brings together a more real time view of risk by aggregating all currently available information to give the most up to date, current view of risk. This approach moves your risk management from reactive to proactive and brings your risk management to be an integral part of management and decision making.

Key Takeaways:

• The range of information that is required in order to produce a dynamic risk profile.
• Appreciate what each piece of information tells us about the risk.
• How to bring the information together to create a dynamic profile of risk and the importance of a centralized risk taxonomy.
• How you practically move to this more dynamic state.
  
  
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About Our Experts
		Author of A Short Guide to Operational Risk, David Tattam is an internationally recognized specialist in all facets of risk management, particulary at the enterprise level. His career includes many years working with PwC, as well as two Australian banks. His achievements include the creation of the Middle Office (Risk Management Department) for The Industrial Bank of Japan in Australia and the complete implementation of all Australian operations, systems, procedures and controls for Westdeutsche Landesbank (WestLB).David went on to found Protecht in 1999, where he continues to offer consultation and training in a wide range of industries, setting up risk management functions and implementing enterprise risk systems.He is an Associate of the Institute of Chartered Accountants in England and Wales and a Senior Fellow of the Financial Services Institute of Australia.

PRMIA Continued Risk Learning (CRL) programs provide you with the opportunity to formally recognize your professional development, documenting your evolution as a risk professional. Employers can see that you are not static, making you a highly valued, dynamic, and desirable employee. The CRL program is open to all Contributing, Sustaining, and Risk Leader members, providing a convenient and easily accessible way to submit, manage, track and document your activities online through the PRMIA CRL Center. To request CRL credits, please email [email protected].

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