Strategic risk

More Risks, On More Fronts: Credit Risk, ESG and Cybersecurity Top Risk Concerns for Financial Institutions Over Next Two Years--Deloitte Survey

Retrieved on: 
Monday, February 1, 2021

Twenty percent of the chief risk officers at financial institutions surveyed identified it as the No.

Key Points: 
  • Twenty percent of the chief risk officers at financial institutions surveyed identified it as the No.
  • Credit risk managementis the practice of mitigating losses by understanding which potential clients may come at too high ariskand above an institution's pre-identifiedrisktolerance at any given time.
  • "Financial institutions are seeing more risk from more sources than ever before," said J.H.
  • Caldwell, a partner with Deloitte Risk & Financial Advisory, Deloitte & Touche LLP, and the principal author of the survey.

Thomas Cappello, CFA Joins LPL Financial as Executive Vice President and Chief Risk Officer

Retrieved on: 
Monday, October 12, 2020

CHARLOTTE, N.C., Oct. 12, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Thomas Cappello, CFA has joined the firm as executive vice president and chief risk officer, effective Oct. 12.

Key Points: 
  • CHARLOTTE, N.C., Oct. 12, 2020 (GLOBE NEWSWIRE) -- LPL Financial LLC (Nasdaq:LPLA), a leading retail investment advisory firm, independent broker-dealer and registered investment advisor (RIA) custodian, today announced that Thomas Cappello, CFA has joined the firm as executive vice president and chief risk officer, effective Oct. 12.
  • In his new role, Cappello is responsible for LPLs risk functions, including Enterprise Risk Management, Business Risk Management and Product Risk Management.
  • He reports to Michelle Oroschakoff, LPL managing director and chief legal officer and is based at the firms Carolinas location.
  • Cappello joins LPL from Bank of America, where he served as managing director, enterprise strategic risk executive and chief risk officer for the Investment Solutions Group.

Principle Business Enterprises Names Tricia Bell General Counsel and Vice President, Strategic Risk Management

Retrieved on: 
Tuesday, September 22, 2020

DUNBRIDGE, Ohio, Sept. 22, 2020 /PRNewswire/ -- Principle Business Enterprises, Inc. (PBE) today announced the promotion of Tricia Bell to General Counsel and Vice President, Strategic Risk Management.

Key Points: 
  • DUNBRIDGE, Ohio, Sept. 22, 2020 /PRNewswire/ -- Principle Business Enterprises, Inc. (PBE) today announced the promotion of Tricia Bell to General Counsel and Vice President, Strategic Risk Management.
  • As a member of the Company's Senior Leadership Team, she will lead PBE's legal and risk management efforts with a focus on risk mitigation and strategic direction relative to business and operational compliance.
  • "Tricia has significantly expanded our capabilities as in-house counsel, all the while embodying our core values of putting our people and customers first.
  • Principle Business Enterprises (PBE), Inc. manufactures high-performance absorbent products and footwear safety solutions with applications in healthcare, industrial processing, and at-home use.

NAVEX Global and Crowe Establish Strategic Alliance to Deliver Integrated Risk & Compliance Software and Services

Retrieved on: 
Tuesday, August 25, 2020

NAVEX Global and Crowe LLP today announced a strategic alliance to offer customers a complete Integrated Risk Management (IRM) solution powered by NAVEX Globals leading IRM software, Lockpath, and supported by Crowes IRM program development, advisory and technology services.

Key Points: 
  • NAVEX Global and Crowe LLP today announced a strategic alliance to offer customers a complete Integrated Risk Management (IRM) solution powered by NAVEX Globals leading IRM software, Lockpath, and supported by Crowes IRM program development, advisory and technology services.
  • As part of this strategic alliance, Crowe has also become the first professional services firm to complete NAVEX Globals rigorous certification program for the Lockpath platform.
  • Crowes certified professionals can help customers more quickly achieve their strategic risk and compliance objectives with an overall lower cost of deployment.
  • NAVEX Global is the worldwide leader in integrated risk and compliance management software and services that help organizations manage risk, address complex regulatory compliance requirements and foster an ethical, highly productive workplace culture.

RMA Announces New Technology Risk Framework

Retrieved on: 
Friday, July 10, 2020

PHILADELPHIA, July 10, 2020 /PRNewswire/ -- The Risk Management Association has developed a new Technology Risk Framework that addresses the historical gaps in the understanding and applicability of technology-driven risks.

Key Points: 
  • PHILADELPHIA, July 10, 2020 /PRNewswire/ -- The Risk Management Association has developed a new Technology Risk Framework that addresses the historical gaps in the understanding and applicability of technology-driven risks.
  • The framework, developed by RMA's Technology Risk Committee, is scalable based on the size and complexity of an institution and its needs.
  • "The Technology Risk Framework is an important addition to the broader set of frameworks and tools developed by RMA's Operational Risk Council and ERM Council over the past year, which include cyber risk metrics; Principles of Ethical Conduct; and Operational Risk, Emerging Risk, Strategic Risk, and Reputational Risk frameworks," said Edward J. DeMarco Jr., RMA's Chief Administrative Officer and General Counsel.
  • RMA promotes an enterprise approach to risk management that focuses on credit risk, market risk, and operational risk.

SRA Launches Pandemic Risk Advisory Services

Retrieved on: 
Thursday, May 7, 2020

RICHMOND, Va., May 7, 2020 /PRNewswire/ -- Strategic Risk Associates , a national leader in enterprise risk and performance management, announced that in response to the recent crisis brought on by the COVID-19 Pandemic, it has launched 5 critical Pandemic Risk Advisory Services designed to help financial clients successfully analyze risk implicationsand outline strategic plans for the most important aspects of their business.

Key Points: 
  • RICHMOND, Va., May 7, 2020 /PRNewswire/ -- Strategic Risk Associates , a national leader in enterprise risk and performance management, announced that in response to the recent crisis brought on by the COVID-19 Pandemic, it has launched 5 critical Pandemic Risk Advisory Services designed to help financial clients successfully analyze risk implicationsand outline strategic plans for the most important aspects of their business.
  • The services being launched are:
    "For the foreseeable future, most bank risks will be seen through the lens of the recent pandemic.
  • To compliment these important advisory services, SRA is also offering afree trial of its Pandemic Risk Management Service to aid customers in documenting and managing the impact of this crisis on their financial institution.
  • Strategic Risk Associates -Built for bankers by bankers, SRA's Watchtower solution advances risk management and performance for executives and bank boards.

Strategic Risk Associates appoints new Chief Revenue Officer and expands Go to Market Team

Retrieved on: 
Friday, February 28, 2020

"Adam is a seasoned sales leader with a proven track record for growing revenue as well as building and coaching world-class teams.

Key Points: 
  • "Adam is a seasoned sales leader with a proven track record for growing revenue as well as building and coaching world-class teams.
  • We are very pleased he has joined our team," said Michael Glotz, Chief Executive Officer and Co-Founder.
  • Additional SRA has made a strategic investment to expand its go to market plan by adding 6 Regional Sales Directors.
  • Strategic Risk Associates is a national risk software and consulting firm.

Strategic Risk Associates expands SRA Watchtower for GRC functionality

Retrieved on: 
Tuesday, January 28, 2020

RICHMOND, Va., Jan. 28,2020 /PRNewswire/ -- Strategic Risk Associates, LLC ("SRA"), a consulting and SaaS risk software firm specializing in the financial services industry, announces thatit has expanded SRA Watchtower, its risk and performance management technology platform to include a comprehensive GRC solution.

Key Points: 
  • RICHMOND, Va., Jan. 28,2020 /PRNewswire/ -- Strategic Risk Associates, LLC ("SRA"), a consulting and SaaS risk software firm specializing in the financial services industry, announces thatit has expanded SRA Watchtower, its risk and performance management technology platform to include a comprehensive GRC solution.
  • SRA Watchtower provides a single, integrated solution to manage risk, improving decision making and performance.
  • SRA Watchtower's ERM dashboard aggregates and delivers executive and board-level reporting including critical KRI/KPIs, risk appetite management, strategic objectives tracking, peer performance, policy limits and regulatory examination management.
  • Strategic Risk Associates is a national risk software and consulting firm specializing in the financial services industry including: SRA Watchtower risk software, Credit Risk and Data Management, Loan Reviews, Stress Tests, Credit Training, Credit Process Improvements, Enterprise Risk Management; Merger and Acquisition Support; Regulatory Support for Bank Exams, MOUs, and Enforcement Actions; Management and Board Assessments; Strategic Plans; Capital Plans; and Board of Director Training, and Succession Plans.

Infiniti’s Risk Assessment Solution Helped a Metal Manufacturing Firm Realize Savings in Operational Cost by 13% | Request a FREE Proposal for Similar Engagements for Your Business

Retrieved on: 
Friday, November 29, 2019

A well-known market intelligence company, Infiniti Research, has announced the completion of its latest success story on risk assessment solution .

Key Points: 
  • A well-known market intelligence company, Infiniti Research, has announced the completion of its latest success story on risk assessment solution .
  • The client, a metal manufacturing firm based out of the United States, wanted to identify operational risks impeding their business growth.
  • They approached the experts at Infiniti Research to leverage their expertise in offering risk assessment solution.
  • Business impact of the risk assessment solution for the metal manufacturer:
    You may also like to read some of our recent risk assessment success stories:

Strategic Risk Associates Grows SaaS Software Business with New Investment

Retrieved on: 
Tuesday, November 5, 2019

RICHMOND, VA, Nov. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Strategic Risk Associates announces a major new private investment to support the firms growth and the continuing development of its risk intelligence platform for banks and financial services companies.

Key Points: 
  • RICHMOND, VA, Nov. 05, 2019 (GLOBE NEWSWIRE) -- via NEWMEDIAWIRE -- Strategic Risk Associates announces a major new private investment to support the firms growth and the continuing development of its risk intelligence platform for banks and financial services companies.
  • The firm already counts more than three dozen banks and financial services companies among its SaaS software clients.
  • Strategic Risk Associates is a national risk software and advisory firm specializing in the banking and financial services industry.
  • SRA helps banks and financial services companies with Enterprise Risk Management; Credit Risk Management and Stress Testing; Acquisition Due Diligence; Governance; Strategy; Regulatory and Risk Services.