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| firm scorecard in risk management: Intelligent Credit Scoring Naeem Siddiqi, 2017-01-10 A better development and implementation framework for credit risk scorecards Intelligent Credit Scoring presents a business-oriented process for the development and implementation of risk prediction scorecards. The credit scorecard is a powerful tool for measuring the risk of individual borrowers, gauging overall risk exposure and developing analytically driven, risk-adjusted strategies for existing customers. In the past 10 years, hundreds of banks worldwide have brought the process of developing credit scoring models in-house, while ‘credit scores' have become a frequent topic of conversation in many countries where bureau scores are used broadly. In the United States, the ‘FICO' and ‘Vantage' scores continue to be discussed by borrowers hoping to get a better deal from the banks. While knowledge of the statistical processes around building credit scorecards is common, the business context and intelligence that allows you to build better, more robust, and ultimately more intelligent, scorecards is not. As the follow-up to Credit Risk Scorecards, this updated second edition includes new detailed examples, new real-world stories, new diagrams, deeper discussion on topics including WOE curves, the latest trends that expand scorecard functionality and new in-depth analyses in every chapter. Expanded coverage includes new chapters on defining infrastructure for in-house credit scoring, validation, governance, and Big Data. Black box scorecard development by isolated teams has resulted in statistically valid, but operationally unacceptable models at times. This book shows you how various personas in a financial institution can work together to create more intelligent scorecards, to avoid disasters, and facilitate better decision making. Key items discussed include: Following a clear step by step framework for development, implementation, and beyond Lots of real life tips and hints on how to detect and fix data issues How to realise bigger ROI from credit scoring using internal resources Explore new trends and advances to get more out of the scorecard Credit scoring is now a very common tool used by banks, Telcos, and others around the world for loan origination, decisioning, credit limit management, collections management, cross selling, and many other decisions. Intelligent Credit Scoring helps you organise resources, streamline processes, and build more intelligent scorecards that will help achieve better results. |
| firm scorecard in risk management: Fundamentals of Risk Management Paul Hopkin, Institute of Risk Management, 2014-10-03 Now in its third edition, Fundamentals of Risk Management provides a comprehensive introduction to commercial and business risk for anyone studying for a career in risk as well as for a broad range of risk professionals in different sectors. Providing extensive coverage of the core concepts and frameworks of business continuity planning, enterprise risk management and project risk management, with an increased focus on risk in international markets, this is the definitive guide to dealing with the different types of risk an organization faces. With relevant international case studies and examples from both the private and public sectors, this third edition of Fundamentals of Risk Management is completely aligned to ISO 31000. Including a thorough overview of the international risk standards and frameworks, it explores the different types of risk an organization faces, including hazard risks and uncertainties. This new edition includes an extended section with best-practice advice on analysing your organization's risk appetite and successfully implementing a company-wide strategy on risk, reinforced by enhanced resilience. Endorsed by the IRM and the core text for their International Certificate in Risk Management qualification, Fundamentals of Risk Management is the definitive professional text for risk managers. |
| firm scorecard in risk management: Risk-Based Performance Management A. Smart, J. Creelman, 2013-10-31 Pulling together into a single framework the two separate disciplines of strategy management and risk management, this book provides a practical guide for organizations to shape and execute sustainable strategies with full understanding of how much risk they are willing to accept in pursuit of strategic goals. |
| firm scorecard in risk management: Creating a Balanced Scorecard for a Financial Services Organization Naresh Makhijani, James Creelman, 2011-07-20 How to tap the power of the balanced scorecard, for financial services organizations Designed to help financial services organizations build and implement the strategic management framework known as the balanced scorecard, Creating a Balanced Scorecard for a Financial Services Organization is the book you need to ensure accountability, transparency, and risk management in your enterprise. The financial crisis revealed the many shortcomings of the industry, but with this book in hand you can make the most of the mistakes of the past to build a better, stronger business that balances both short- and long-term goals. Rich in the latest theoretical thinking and incorporating case studies that show the balanced scorecard system in action, the book covers both financial and non-financial performance perspectives in one comprehensive volume. Written by two leading practitioners with years of real-life experience, the book is the definitive step-by-step guide to implementing the balanced scorecard throughout your organization, aligning your whole business with your strategic goals. Includes everything you need to improve performance transparency, accountability, governance procedures, risk management, and more for financial services organizations of any kind Packed with expert advice and case studies that show the ideas presented in action Written by leading experts who have successfully implemented the balanced scorecard system in their own companies Accessible and in-depth, Creating a Balanced Scorecard for a Financial Services Organization is the book you need to improve your business. |
| firm scorecard in risk management: Introduction to Business Data Mining David Louis Olson, 2007 |
| firm scorecard in risk management: Fundamentals of Risk Management Clive Thompson, Paul Hopkin, 2021-12-03 Effective risk management allows opportunities to be maximized and uncertainty to be minimized. This guide for emerging professionals provides a comprehensive understanding of risk management with tools, tips and tactics on how to offer expert insights and drive success in an ever-changing area, covering everything from Covid-19 and digitization to climate change. Fundamentals of Risk Management is a detailed and comprehensive introduction to commercial and business risk for students and risk professionals. Completely aligned with ISO 31000 and the COSO ERM Framework, this book covers the key principles of risk management and how to deal with the different types of risk organizations face. The frameworks of business continuity planning, enterprise risk management, and project risk management are covered alongside an overview of international risk management standards and frameworks, strategy and policy. The revised sixth edition includes brand new content on trends such as cyber risk, black swan events and climate risk. It has been fully updated to place the emphasis on seeing risk as 'positive' rather than a 'constant threat', and establishes that risk is different in a digital/VUCA age. Additionally, it considers in detail the impact of the climate crisis and its effect on risk management activities. Further updates from the previous edition include brand new case studies on the failure of Arcadia, HBO's bankruptcy and Boohoo's issues with modern slavery, this book provides a full analysis of changes in contemporary risk areas including digital risk management, risk culture and appetite, supply chain and statutory risk reporting. Supporting online resources include lecture slides with figures, tables and key points from the book |
| firm scorecard in risk management: Simple Tools and Techniques for Enterprise Risk Management Robert J. Chapman, 2011-12-12 Your business reputation can take years to build—and mere minutes to destroy The range of business threats is evolving rapidly but your organization can thrive and gain a competitive advantage with your business vision for enterprise risk management. Trends affecting markets—events in the global financial markets, changing technologies, environmental priorities, dependency on intellectual property—all underline how important it is to keep up to speed on the latest financial risk management practices and procedures. This popular book on enterprise risk management has been expanded and updated to include new themes and current trends for today's risk practitioner. It features up-to-date materials on new threats, lessons from the recent financial crisis, and how businesses need to protect themselves in terms of business interruption, security, project and reputational risk management. Project risk management is now a mature discipline with an international standard for its implementation. This book reinforces that project risk management needs to be systematic, but also that it must be embedded to become part of an organization's DNA. This book promotes techniques that will help you implement a methodical and broad approach to risk management. The author is a well-known expert and boasts a wealth of experience in project and enterprise risk management Easy-to-navigate structure breaks down the risk management process into stages to aid implementation Examines the external influences that bring sources of business risk that are beyond your control Provides a handy chapter with tips for commissioning consultants for business risk management services It is a business imperative to have a clear vision for risk management. Simple Tools and Techniques for Enterprise Risk Management, Second Edition shows you the way. |
| firm scorecard in risk management: The Balanced Scorecard Robert S. Kaplan, David P. Norton, 1996-08-02 The Balanced Scorecard translates a company's vision and strategy into a coherent set of performance measures. The four perspectives of the scorecard--financial measures, customer knowledge, internal business processes, and learning and growth--offer a balance between short-term and long-term objectives, between outcomes desired and performance drivers of those outcomes, and between hard objective measures and softer, more subjective measures. In the first part, Kaplan and Norton provide the theoretical foundations for the Balanced Scorecard; in the second part, they describe the steps organizations must take to build their own Scorecards; and, finally, they discuss how the Balanced Scorecard can be used as a driver of change. |
| firm scorecard in risk management: Implementing Enterprise Risk Management James Lam, 2017-03-13 A practical, real-world guide for implementing enterprise risk management (ERM) programs into your organization Enterprise risk management (ERM) is a complex yet critical issue that all companies must deal with in the twenty-first century. Failure to properly manage risk continues to plague corporations around the world. ERM empowers risk professionals to balance risks with rewards and balance people with processes. But to master the numerous aspects of enterprise risk management, you must integrate it into the culture and operations of the business. No one knows this better than risk management expert James Lam, and now, with Implementing Enterprise Risk Management: From Methods to Applications, he distills more than thirty years' worth of experience in the field to give risk professionals a clear understanding of how to implement an enterprise risk management program for every business. Offers valuable insights on solving real-world business problems using ERM Effectively addresses how to develop specific ERM tools Contains a significant number of case studies to help with practical implementation of an ERM program While Enterprise Risk Management: From Incentives to Controls, Second Edition focuses on the what of ERM, Implementing Enterprise Risk Management: From Methods to Applications will help you focus on the how. Together, these two resources can help you meet the enterprise-wide risk management challenge head on—and succeed. |
| firm scorecard in risk management: Handbook of Research on Interdisciplinary Approaches to Decision Making for Sustainable Supply Chains Awasthi, Anjali, Grzybowska, Katarzyna, 2019-09-27 Businesses must create initiatives and adopt eco-friendly practices in order to adhere to the sustainability goals of a globalized world. Recycling, product service systems, and green manufacturing are just a few methods businesses use within a sustainable supply chain. However, these tools and techniques must also ensure business growth in order to remain relevant in an environmentally-conscious world. The Handbook of Research on Interdisciplinary Approaches to Decision Making for Sustainable Supply Chains provides interdisciplinary approaches to sustainable supply chain management through the optimization of system performance and development of new policies, design networks, and effective reverse logistics practices. Featuring research on topics such as industrial symbiosis, green collaboration, and clean transportation, this book is ideally designed for policymakers, business executives, warehouse managers, operations managers, suppliers, industry professionals, sustainability developers, decision makers, students, academicians, practitioners, and researchers seeking current research on reducing the environmental impacts of businesses via sustainable supply chain planning. |
| firm scorecard in risk management: Enterprise Risk Management (2nd Edition) David L Olson, Desheng Dash Wu, 2015-01-21 Risk is inherent in business. Without risk, there would be no motivation to conduct business. But a key principle is that organizations should accept risks that they are competent enough to deal with, and “outsource” other risks to those who are more competent to deal with them (such as insurance companies). Enterprise Risk Management (2nd Edition) approaches enterprise risk management from the perspectives of accounting, supply chains, and disaster management, in addition to the core perspective of finance. While the first edition included the perspective of information systems, the second edition views this as part of supply chain management or else focused on technological specifics. It discusses analytical tools available to assess risk, such as balanced scorecards, risk matrices, multiple criteria analysis, simulation, data envelopment analysis, and financial risk measures. |
| firm scorecard in risk management: Balanced Scorecard Step-by-Step Paul R. Niven, 2002-10-15 This book explains how an organization can measure and manage performance with the Balanced Scorecard methodology. It provides extensive background on performance management and the Balanced Scorecard, and focuses on guiding a team through the step-by-step development and ongoing implementation of a Balanced Scorecard system. Corporations, public sector agencies, and not for profit organizations have all reaped success from the Balanced Scorecard. This book supplies detailed implementation advice that is readily applied to any and all of these organization types. Additionally, it will benefit organizations at any stage of Balanced Scorecard development. Regardless of whether you are just contemplating a Balanced Scorecard, require assistance in linking their current Scorecard to management processes, or need a review of their past measurement efforts, Balanced Scorecard Step by Step provides detailed advice and proven solutions. |
| firm scorecard in risk management: Knowledge Risk Management Susanne Durst, Thomas Henschel, 2020-02-04 This book provides an in-depth introduction to knowledge risk management (KRM) as well as methods, tools and cases to address knowledge risk management issues in both the public and private sector. It focuses on the integration of knowledge risks into the holistic risk management of organizations. In addition, this book is accompanied by an external website that includes additional checklists, videos and company cases. The combination of a sound theoretical framework along with practical instruments, tools and ancillary materials makes this book a unique, interactive book for professionals, managers, and executives as well as students, academics and policy makers. |
| firm scorecard in risk management: The Perfect Scorecard Aleksandr Yampolskiy, 2021-06-15 CISO advice for communicating with the Board Of Directors about cybersecurity. |
| firm scorecard in risk management: Enterprise Risk Management John R. S. Fraser, Betty Simkins, 2010-01-07 Essential insights on the various aspects of enterprise risk management If you want to understand enterprise risk management from some of the leading academics and practitioners of this exciting new methodology, Enterprise Risk Management is the book for you. Through in-depth insights into what practitioners of this evolving business practice are actually doing as well as anticipating what needs to be taught on the topic, John Fraser and Betty Simkins have sought out the leading experts in this field to clearly explain what enterprise risk management is and how you can teach, learn, and implement these leading practices within the context of your business activities. In this book, the authors take a broad view of ERM, or what is called a holistic approach to ERM. Enterprise Risk Management introduces you to the wide range of concepts and techniques for managing risk in a holistic way that correctly identifies risks and prioritizes the appropriate responses. This invaluable guide offers a broad overview of the different types of techniques: the role of the board, risk tolerances, risk profiles, risk workshops, and allocation of resources, while focusing on the principles that determine business success. This comprehensive resource also provides a thorough introduction to enterprise risk management as it relates to credit, market, and operational risk, as well as the evolving requirements of the rating agencies and their importance to the overall risk management in a corporate setting. Filled with helpful tables and charts, Enterprise Risk Management offers a wealth of knowledge on the drivers, the techniques, the benefits, as well as the pitfalls to avoid, in successfully implementing enterprise risk management. Discusses the history of risk management and more recently developed enterprise risk management practices and how you can prudently implement these techniques within the context of your underlying business activities Provides coverage of topics such as the role of the chief risk officer, the use of anonymous voting technology, and risk indicators and their role in risk management Explores the culture and practices of enterprise risk management without getting bogged down by the mathematics surrounding the more conventional approaches to financial risk management This informative guide will help you unlock the incredible potential of enterprise risk management, which has been described as a proxy for good management. |
| firm scorecard in risk management: Risk Management Practices of SMEs Thomas Henschel, 2008 |
| firm scorecard in risk management: The Sustainability Scorecard Urvashi Bhatnagar, Paul Anastas, 2022-07-12 Using a rigorous, straightforward scorecard as a guide, this book shows business leaders and innovators how to create breakthrough sustainable products and processes that are good for the planet, human health, and profits. Natural resource inputs to business operations are getting scarcer and more expensive, while climate-change-related economic shocks pose a risk to seamless operations and, more importantly, threaten business continuity. How can organizations integrate sustainable design in their overarching operations and align it with profitability and corporate strategy? Based on Paul Anastas's foundational Twelve Principles of Green Chemistry, the Sustainability Scorecard is the first scientifically rooted, data-driven methodology for creating inherently sustainable and profitable products and processes. By redesigning with sustainability as a key design element, firms open themselves to unexpected solutions, leapfrog innovations, and sources of value that simply don't occur when sustainability is leveraged purely as a risk-avoidance and compliance measure. Urvashi Bhatnagar and Anastas offer dozens of examples of how sustainable operations can yield benefits such as expanding market share, creating new service lines, and transforming supply-chain and sourcing models to drive the most consistent and highest long-term value. With this comprehensive framework, your firm will be able to identify truly innovative, inherently sustainable products as opposed to less bad products and processes that don't provide the exponential value that only breakthrough products can. |
| firm scorecard in risk management: Quantification of Operational Risk under Basel II I. Moosa, 2008-10-31 The book presents arguments that are critical of the Basel II Accord, particularly the advanced measurement approach to operational risk. It is argued that the advanced measurement approach is not viable in terms of costs and benefits and is likely to distract financial institutions from the real task of managing operational risk. |
| firm scorecard in risk management: United Kingdom International Monetary Fund. Monetary and Capital Markets Department, 2016-06-16 This paper provides detailed assessment of observance on the Basel Core Principles for Effective Banking Supervision. The current assessment took place during a period of continuing development and transition. It is based on the assessors’ understanding of the current state of the supervisory approach, but also incorporates, where relevant, the available information about changes expected in the near future. Stress testing has become a critical supervisory tool that encourages firms and supervisors to adopt a more forward-looking view on the strength of their balance sheets and resilience to shocks. The emphasis on stress testing has encouraged firms to strengthen their internal analytical and risk-management capabilities. |
| firm scorecard in risk management: Productive Safety Management Tania Mol, 2003-10-10 Unlike most books on this subject, Productive Safety Management, described in this book, integrates occupational health and safety, human resource management, environmental management, and engineering to provide a whole-business approach to effective safety management. The book helps companies to reduce and manage risk by providing, analysing and improving systems in place within the company. It also looks at how external factors can affect company decision making and provides a tool to make sure that a health and safety management system is strategically aligned, appropriately resourced, and that it maximises employee commitment. Chapters on human resource management explore cultural issues and explain how to gain commitment to company objectives. The book has been written for managers and supervisors working in hazardous industries, OHS practitioners, undergraduate and postgraduate students. |
| firm scorecard in risk management: The Internet Encyclopedia, Volume 3 (P - Z) Hossein Bidgoli, 2004-04-12 The Internet Encyclopedia in a 3-volume reference work on the internet as a business tool, IT platform, and communications and commerce medium. |
| firm scorecard in risk management: Mastering Operational Risk Tony Blunden, John Thirlwell, 2012-09-26 Operational risk is a constant concern for all businesses. It goes far beyond operations and process to encompass all aspects of business risk, including strategic and reputational risks. Within financial services, it became codified by the Basel Committee on Banking Supervision in the 1990s. It is something that needs to be taken seriously by all those involved in running, managing and leading companies. Mastering Operational Risk is a comprehensive guide which takes you from the basic elements of operational risk, through to its advanced applications. Focusing on practical aspects, the book gives you everything you need to help you understand what operational risk is, how it affects you and your business and provides a framework for managing it. Mastering Operational Risk: Shows you how to make the business case for operational risk, and how to develop effective company-wide policies Covers the essential basic concepts through to advanced managements practices Uses examples and case studies which cover the pitfalls and explains how to avoid them Provides scenario analysis and modelling techniques for you to apply to your business Operational risk arises in all businesses. It is a broad term and can relate to internal processes, people, and systems, as well as external events. All listed companies, charities and the public sector must make risk judgements and assessments and company managers have an increasing responsibility to ensure that these assessments are robust and that risk management is at the heart of their organisations. In this practical guide, Tony Blunden and John Thirlwell, recognised experts in risk management, show you how to manage operational risk and show why operational risk management really will add benefits to your business. Mastering Operational Risk includes: The business case for operational risk Risk and control assessment How to use operational risk indicators Reporting operational risk Modelling and stress-testing operational risk Business continuity and insurance Managing people risk Containing reputational damage |
| firm scorecard in risk management: The HR Scorecard Brian E. Becker, David Ulrich, Mark A. Huselid, 2001-04-11 Three experts in Human Resources introduce a measurement system that convincingly showcases how HR impacts business performance. Drawing from the authors' ongoing study of nearly 3,000 firms, this book describes a seven-step process for embedding HR systems within the firm's overall strategy—what the authors describe as an HR Scorecard—and measuring its activities in terms that line managers and CEOs will find compelling. Analyzing how each element of the HR system can be designed to enhance firm performance and maximize the overall quality of human capital, this important book heralds the emergence of HR as a strategic powerhouse in today's organizations. |
| firm scorecard in risk management: Operational Risk Management Ariane Chapelle, 2018-12-10 OpRisk Awards 2020 Book of the Year Winner! The Authoritative Guide to the Best Practices in Operational Risk Management Operational Risk Management offers a comprehensive guide that contains a review of the most up-to-date and effective operational risk management practices in the financial services industry. The book provides an essential overview of the current methods and best practices applied in financial companies and also contains advanced tools and techniques developed by the most mature firms in the field. The author explores the range of operational risks such as information security, fraud or reputation damage and details how to put in place an effective program based on the four main risk management activities: risk identification, risk assessment, risk mitigation and risk monitoring. The book also examines some specific types of operational risks that rank high on many firms' risk registers. Drawing on the author's extensive experience working with and advising financial companies, Operational Risk Management is written both for those new to the discipline and for experienced operational risk managers who want to strengthen and consolidate their knowledge. |
| firm scorecard in risk management: Managing Commodity Price Risk in Developing Countries Stijn Claessens, Ronald C. Duncan, World Bank, 1993 Primary commodities represent more than one-half of the export earnings of many developing countries. The large fluctuations that can occur in the prices of such commodities are therefore a main economic difficulty for these countries. New financial techniques can lower the risk caused by these price changes over longer periods and allow financial obligations to be linked to commodity prices. But few developing countries have used these techniques. This book shows policymakers in developing countries how to use the full range of new and established financial techniques. Through case studies, it provides detailed information about the techniques, analyzes the institutional constraints on them, and illustrates the kinds of technical assistance needed to make good use of them. It also describes the instruments, the markets, and the current regulatory framework. For the past several years, the World Bank has assisted developing countries in managing commodity price risk. The book draws extensively on the lessons learned from this assistance to demonstrate that developing countries can benefit significantly from using financial techniques to manage their risk. |
| firm scorecard in risk management: Effective Implementation of Management Systems Jan Kopia, 2019-05-16 In this book Jan Kopia assesses the problems of the evaluation of integrated management systems. Current scientific research results and its practicality within organizations are presented. This includes aspects of organizational performance and its measurement comprising its shift from purely financially measured methods to multidimensional approaches. Practical solutions for the evaluation of management systems are suggested, which show the strategic relevance of management systems and its influence on process performance. The presented evaluation model offers an extended use of the balanced scorecard together with the strategic map-process, the execution premium and the plan-do-check-act-cycle of management systems providing an approach for scientists and practitioners to use and extend it. |
| firm scorecard in risk management: The Balanced Scorecard Robert S. Kaplan, David P. Norton, 2005 |
| firm scorecard in risk management: Economic Capital and Financial Risk Management for Financial Services Firms and Conglomerates B. Porteous, P. Tapadar, 2005-12-19 The authors present a comprehensive and timely discussion of economic capital and financial risk management for financial services firms and conglomerates. Topics covered include: the different types of risks that firms collect; risk governance issues; how stress testing can be used to measure risk; the provision of a clear and precise definition of economic capital; the different types of capital that are eligible to back regulatory capital, and; the development of models that can be used to estimate a firm's economic capital requirements. A unique feature of the book is that, for the first time, the economic capital requirements of financial services firms across the entire risk spectrum, from the short end to the long end, are considered in one book. The authors develop models to estimate the economic capital requirements of banks, asset management firms, life and non-life insurance firms, pension funds, and the financial services conglomerates that comprise these firms. Economic capital is compared to regulatory capital and regulatory capital arbitrage is discussed. The diversification benefit present in financial services conglomerates is quantified and the practical management of this diversification benefit is dealt with. The authors give new insights into capital management and performance measurement for financial services conglomerates and provide detailed descriptions of the main financial services firm regulatory capital changes that are ongoing at the time of writing. This superb and original book charts new ground in the practical application of economic capital for financial services firms and conglomerates. It is required reading for all capital allocation and risk professionals. |
| firm scorecard in risk management: Enterprise Risk Management James Lam, 2014-01-06 A fully revised second edition focused on the best practices of enterprise risk management Since the first edition of Enterprise Risk Management: From Incentives to Controls was published a decade ago, much has changed in the worlds of business and finance. That's why James Lam has returned with a new edition of this essential guide. Written to reflect today's dynamic market conditions, the Second Edition of Enterprise Risk Management: From Incentives to Controls clearly puts this discipline in perspective. Engaging and informative, it skillfully examines both the art as well as the science of effective enterprise risk management practices. Along the way, it addresses the key concepts, processes, and tools underlying risk management, and lays out clear strategies to manage what is often a highly complex issue. Offers in-depth insights, practical advice, and real-world case studies that explore the various aspects of ERM Based on risk management expert James Lam's thirty years of experience in this field Discusses how a company should strive for balance between risk and return Failure to properly manage risk continues to plague corporations around the world. Don't let it hurt your organization. Pick up the Second Edition of Enterprise Risk Management: From Incentives to Controls and learn how to meet the enterprise-wide risk management challenge head on, and succeed. |
| firm scorecard in risk management: Measures and Metrics in Corporate Security George Campbell, 2014-04-02 The revised second edition of Measures and Metrics in Corporate Security is an indispensable guide to creating and managing a security metrics program. Authored by George Campbell, emeritus faculty of the Security Executive Council and former chief security officer of Fidelity Investments, this book shows how to improve security's bottom line and add value to the business. It provides a variety of organizational measurements, concepts, metrics, indicators and other criteria that may be employed to structure measures and metrics program models appropriate to the reader's specific operations and corporate sensitivities. There are several hundred examples of security metrics included in Measures and Metrics in Corporate Security, which are organized into categories of security services to allow readers to customize metrics to meet their operational needs. Measures and Metrics in Corporate Security is a part of Elsevier's Security Executive Council Risk Management Portfolio, a collection of real world solutions and how-to guidelines that equip executives, practitioners, and educators with proven information for successful security and risk management programs. - Describes the basic components of a metrics program, as well as the business context for metrics - Provides guidelines to help security managers leverage the volumes of data their security operations already create - Identifies the metrics security executives have found tend to best serve security's unique (and often misunderstood) missions - Includes 375 real examples of security metrics across 13 categories |
| firm scorecard in risk management: Business Intelligence Rachid El Ayachi, Mohamed Fakir, Mohamed Baslam, 2023-07-11 This book constitutes the refereed proceedings of the 8th International Conference on Business Intelligence, CBI 2023, which held in Istanbul, Turkey, during July 19–21, 2023. The 15 full papers included in this book were carefully reviewed and selected from 50 submissions. They were organized in topical sections as follows: artificial intelligence and business intelligence; and optimization and decision support. |
| firm scorecard in risk management: CIMA - E3 Strategic Management BPP Learning Media, 2015-06-30 BPP Learning Media provides the widest range of study materials of any CIMA publisher. Our comprehensive printed materials highlight the areas to focus on for your exams, and our e-Learning products complement the syllabus to improve your understanding. |
| firm scorecard in risk management: Financial Risk Management Frank J. Fabozzi, 2010-12-16 Created by the experienced author team of Frank Fabozzi and Pamela Peterson Drake, Financial Risk Management examines the essential elements of this discipline and makes them accessible to a wide array of readers-from seasoned veterans looking for a review to newcomers needing to get their footing in finance. Financial risk is the exposure of a corporation to an event that can cause a shortfall in a targeted financial measure or value and includes market risk, credit risk, market liquidity risk, operational risk, and legal risk. This material discusses the four key processes in financial risk management: risk identification, risk assessment, risk mitigation, and risk transferring. The process of risk management involves determining which risks to accept, which to neutralize, and which to transfer. |
| firm scorecard in risk management: Risk Management for Computer Security Andy Jones, Debi Ashenden, 2005-04-28 Risk Management for Computer Security provides IT professionals with an integrated plan to establish and implement a corporate risk assessment and management program. The book covers more than just the fundamental elements that make up a good risk program for computer security. It presents an integrated how-to approach to implementing a corporate program, complete with tested methods and processes, flowcharts, and checklists that can be used by the reader and immediately implemented into a computer and overall corporate security program. The challenges are many and this book will help professionals in meeting their challenges as we progress through the twenty-first century. This book is organized into five sections. Section I introduces the reader to the theories of risk management and describes the field's changing environment as well as the art of managing risks. Section II deals with threat assessment and its input to risk assessment; topics covered include the threat assessment method and an example of threat assessment. Section III focuses on operating system vulnerabilities and discusses application vulnerabilities; public domain vs. COTS; and connectivity and dependence. Section IV explains what risk assessment is and Section V explores qualitative vs. quantitative tools and types of risk assessment and concludes with an assessment of the future of risk management. Corporate security professionals around the world will find this book a highly valuable source of information. - Presents material in an engaging, easy-to-follow manner that will appeal to both advanced INFOSEC career professionals and network administrators entering the information security profession - Addresses the needs of both the individuals who are new to the subject as well as of experienced professionals - Provides insight into the factors that need to be considered and fully explains the numerous methods, processes and procedures of risk management |
| firm scorecard in risk management: The Journal of International Business and Economic Affairs Ghada Gomaa A. Mohamed, Morrison Handley-Schachler, Thomas Henschel, 2013-01-01 The Journal of International Business and Economic Affairs ISSN 1916-8748 (On-line): Library & Archive Canada Founded by: Dr. Ghada Gomaa A. Mohamed Edited by: Dr. Ghada Mohamed Dr. Morrison Handley-Schachler Dr. Thomas Henschel The Journal of International Business and Economic Affairs Authors: Hadia FakhrElDin Ahmed Salama Dai Yun https://epe.lac-bac.gc.ca/100/201/300/jrn_intl_business_econ_aff/2013/v4n01.pdf Volume 4 - Issue 1 - 2013 |
| firm scorecard in risk management: Information Technology Risk Management in Enterprise Environments Jake Kouns, Daniel Minoli, 2011-10-04 Discusses all types of corporate risks and practical means of defending against them. Security is currently identified as a critical area of Information Technology management by a majority of government, commercial, and industrial organizations. Offers an effective risk management program, which is the most critical function of an information security program. |
| firm scorecard in risk management: Market Risk Analysis, Boxset Carol Alexander, 2009-02-24 Market Risk Analysis is the most comprehensive, rigorous and detailed resource available on market risk analysis. Written as a series of four interlinked volumes each title is self-contained, although numerous cross-references to other volumes enable readers to obtain further background knowledge and information about financial applications. Volume I: Quantitative Methods in Finance covers the essential mathematical and financial background for subsequent volumes. Although many readers will already be familiar with this material, few competing texts contain such a complete and pedagogical exposition of all the basic quantitative concepts required for market risk analysis. There are six comprehensive chapters covering all the calculus, linear algebra, probability and statistics, numerical methods and portfolio mathematics that are necessary for market risk analysis. This is an ideal background text for a Masters course in finance. Volume II: Practical Financial Econometrics provides a detailed understanding of financial econometrics, with applications to asset pricing and fund management as well as to market risk analysis. It covers equity factor models, including a detailed analysis of the Barra model and tracking error, principal component analysis, volatility and correlation, GARCH, cointegration, copulas, Markov switching, quantile regression, discrete choice models, non-linear regression, forecasting and model evaluation. Volume III: Pricing, Hedging and Trading Financial Instruments has five very long chapters on the pricing, hedging and trading of bonds and swaps, futures and forwards, options and volatility as well detailed descriptions of mapping portfolios of these financial instruments to their risk factors. There are numerous examples, all coded in interactive Excel spreadsheets, including many pricing formulae for exotic options but excluding the calibration of stochastic volatility models, for which Matlab code is provided. The chapters on options and volatility together constitute 50% of the book, the slightly longer chapter on volatility concentrating on the dynamic properties the two volatility surfaces the implied and the local volatility surfaces that accompany an option pricing model, with particular reference to hedging. Volume IV: Value at Risk Models builds on the three previous volumes to provide by far the most comprehensive and detailed treatment of market VaR models that is currently available in any textbook. The exposition starts at an elementary level but, as in all the other volumes, the pedagogical approach accompanied by numerous interactive Excel spreadsheets allows readers to experience the application of parametric linear, historical simulation and Monte Carlo VaR models to increasingly complex portfolios. Starting with simple positions, after a few chapters we apply value-at-risk models to interest rate sensitive portfolios, large international securities portfolios, commodity futures, path dependent options and much else. This rigorous treatment includes many new results and applications to regulatory and economic capital allocation, measurement of VaR model risk and stress testing. |
| firm scorecard in risk management: Enterprise Risk Management David Louis Olson, Desheng Dash Wu, 2008 This book expands the scope of risk management beyond insurance and finance to include accounting risk, terrorism, and other issues that can threaten an organization. It approaches risk management from five perspectives: in addition to the core perspective of financial risk management, it addresses perspectives of accounting, supply chains, information systems, and disaster management. It also covers balanced scorecards, multiple criteria analysis, simulation, data envelopment analysis, and financial risk measures that help assess risk, thereby enabling a well-informed managerial decision making.The book concludes by looking at four case studies, which cover a wide range of topics. These include such practical issues as the development and implementation of a sound risk management structure; supply chain risk and enterprise resource planning systems in information systems, and disaster management. |
| firm scorecard in risk management: Enterprise Compliance Risk Management Saloni Ramakrishna, 2015-09-04 The tools and information that build effective compliance programs Enterprise Compliance Risk Management: An Essential Toolkit for Banks and Financial Services is a comprehensive narrative on managing compliance and compliance risk that enables value creation for financial services firms. Compliance risk management, a young, evolving yet intricate discipline, is occupying center stage owing to the interplay between the ever increasing complexity of financial services and the environmental effort to rein it in. The book examines the various facets of this layered and nuanced subject. Enterprise Compliance Risk Management elevates the context of compliance from its current reactive stance to how a proactive strategy can create a clear differentiator in a largely undifferentiated market and become a powerful competitive weapon for organizations. It presents a strong case as to why it makes immense business sense to weave active compliance into business model and strategy through an objective view of the cost benefit analysis. Written from a real-world perspective, the book moves the conversation from mere evangelizing to the operationalizing a positive and active compliance management program in financial services. The book is relevant to the different stakeholders of the compliance universe - financial services firms, regulators, industry bodies, consultants, customers and compliance professionals owing to its coverage of the varied aspects of compliance. Enterprise Compliance Risk Management includes a direct examination of compliance risk, including identification, measurement, mitigation, monitoring, remediation, and regulatory dialogue. With unique hands-on tools including processes, templates, checklists, models, formats and scorecards, the book provides the essential toolkit required by the practitioners to jumpstart their compliance initiatives. Financial services professionals seeking a handle on this vital and growing discipline can find the information they need in Enterprise Compliance Risk Management. Enterprise Compliance Risk Management: An Essential Toolkit for Banks and Financial Services is a comprehensive narrative on managing compliance and compliance risk that enables value creation for financial services firms. Compliance risk management, a young, evolving yet intricate discipline, is occupying center stage owing to the interplay between the ever increasing complexity of financial services and the environmental effort to rein it in. The book examines the various facets of this layered and nuanced subject. Enterprise Compliance Risk Management elevates the context of compliance from its current reactive stance to how a proactive strategy can create a clear differentiator in a largely undifferentiated market and become a powerful competitive weapon for organizations. It presents a strong case as to why it makes immense business sense to weave active compliance into business model and strategy through an objective view of the cost benefit analysis. Written from a real-world perspective, the book moves the conversation from mere evangelizing to the operationalizing a positive and active compliance management program in financial services. The book is relevant to the different stakeholders of the compliance universe - financial services firms, regulators, industry bodies, consultants, customers and compliance professionals owing to its coverage of the varied aspects of compliance. Enterprise Compliance Risk Management includes a direct examination of compliance risk, including identification, measurement, mitigation, monitoring, remediation, and regulatory dialogue. With unique hands-on tools including processes, templates, checklists, models, formats and scorecards, the book provides the essential toolkit required by the practitioners to jumpstart their compliance initiatives. Financial services professionals seeking a handle on this vital and growing discipline can find the information they need in Enterprise Compliance Risk Management. |
| firm scorecard in risk management: Handbook of Research on Managerial Solutions in Non-Profit Organizations Potocan, Vojko, Ün?an, Mustafa C., Nedelko, Zlatko, 2016-08-23 Non-profit Organizations (NPOs) are the fastest growing organizations in modern society. They exist in a liminal realm between public and private organizations, and because of this, new jurisdictions are created for NPOs. The existence of NPOs is contingent upon their adequacy, and management is a key determining factor as to whether an organization survives. The Handbook of Research on Managerial Solutions in Non-Profit Organizations provides relevant theoretical frameworks and the latest empirical research findings related to the successful management of nonprofits. Providing insights into the best practices and valuable comparisons between strategies in different contexts, this book gives invaluable support for nonprofit managers, policy makers, students, and researchers. |
FIRM Definition & Meaning - Merriam-Webster
The meaning of FIRM is securely or solidly fixed in place. How to use firm in a sentence.
FIRM | English meaning - Cambridge Dictionary
FIRM definition: 1. not soft but not completely hard: 2. well fixed in place or position: 3. fixed at the same…. Learn more.
FIRM Definition & Meaning - Dictionary.com
Firm, hard, solid, stiff are applied to substances that tend to retain their form unaltered in spite of pressure or force. Firm often implies that something has been brought from a yielding state to …
firm adjective - Definition, pictures, pronunciation and usage notes ...
Definition of firm adjective in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Firm Definition & Meaning | Britannica Dictionary
FIRM meaning: 1 : fairly hard or solid not soft; 2 : set, placed, or attached in a way that is not easily moved often used figuratively
FIRM definition and meaning | Collins English Dictionary
A firm is an organization which sells or produces something or which provides a service which people pay for. The firm's employees were expecting large bonuses. A group of criminals or …
firm adjective - Definition, pictures, pronunciation and usage notes ...
fairly hard; not easy to press into a different shape. These peaches are still firm. It was good to feel the firm ground underfoot after hours of trudging through flooded fields. Bake the cakes …
Firm - definition of firm by The Free Dictionary
firm - the members of a business organization that owns or operates one or more establishments; "he worked for a brokerage house"
Firm - Definition, Meaning & Synonyms - Vocabulary.com
The adjective firm describes something that's strong and unwavering. If your great Aunt Martha had a firm belief that children should be seen and not heard, you and your siblings might have …
FIRM | definition in the Cambridge Learner’s Dictionary
FIRM meaning: 1. not soft, but not completely hard: 2. certain or fixed and not likely to change: 3. strong and…. Learn more.
FIRM Definition & Meaning - Merriam-Webster
The meaning of FIRM is securely or solidly fixed in place. How to use firm in a sentence.
FIRM | English meaning - Cambridge Dictionary
FIRM definition: 1. not soft but not completely hard: 2. well fixed in place or position: 3. fixed at the same…. Learn more.
FIRM Definition & Meaning - Dictionary.com
Firm, hard, solid, stiff are applied to substances that tend to retain their form unaltered in spite of pressure or force. Firm often implies that something has been brought from a yielding state to …
firm adjective - Definition, pictures, pronunciation and usage …
Definition of firm adjective in Oxford Advanced American Dictionary. Meaning, pronunciation, picture, example sentences, grammar, usage notes, synonyms and more.
Firm Definition & Meaning | Britannica Dictionary
FIRM meaning: 1 : fairly hard or solid not soft; 2 : set, placed, or attached in a way that is not easily moved often used figuratively
FIRM definition and meaning | Collins English Dictionary
A firm is an organization which sells or produces something or which provides a service which people pay for. The firm's employees were expecting large bonuses. A group of criminals or …
firm adjective - Definition, pictures, pronunciation and usage …
fairly hard; not easy to press into a different shape. These peaches are still firm. It was good to feel the firm ground underfoot after hours of trudging through flooded fields. Bake the cakes …
Firm - definition of firm by The Free Dictionary
firm - the members of a business organization that owns or operates one or more establishments; "he worked for a brokerage house"
Firm - Definition, Meaning & Synonyms - Vocabulary.com
The adjective firm describes something that's strong and unwavering. If your great Aunt Martha had a firm belief that children should be seen and not heard, you and your siblings might have …
FIRM | definition in the Cambridge Learner’s Dictionary
FIRM meaning: 1. not soft, but not completely hard: 2. certain or fixed and not likely to change: 3. strong and…. Learn more.
