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Saturday, August 18, 2012

Risk Charting and Bubble Charts

Perhaps ten years ago; reporting risk profiles or organisational threats was a challenging thing to do for many risk analysts on the job and while the majority of risk reports were fundamentally ordinary, it became apparent quite quickly that a simple list of hazards was never going to cut it.

In this blog we look at an emerging era of risk reporting.

Monday, August 13, 2012

ROC Control Optimization

In the world of risk, analysts and managers alike try to reduce the likelihood of an event occurring by inserting controls between the event's driving factors and its outcome. Additionally, these analysts often regularly monitor specific indicators they believe will give them insight into something unwanted happening.

While the logic around this is sound, not all controls are equal and more often than not, some key risk indicators emit erroneous measures which mislead entire risk teams.

In this short post, we look at a method for weeding out erroneous control signals.

Monday, August 6, 2012

ISO 31010 and Loss Modeling

One of the most concerning trends that continually persists in operational risk management, is the lack of interest analysts have for attempting to quantify this risk exposure coherently.

In this blog we look at operational risk from the perspective of the normal and the extreme.