Risk Management Strategic Road Map
Future State
• Enterprise risk
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•
•
•
•
•
management program.
Integrated credit, market
and operational risk.
Business-centric and
outcome-driven.
A risk-aware culture.
Automated and
continuous execution.
Effective risk stakeholder
engagement.
Formal risk assessment.
Current State
• Ad hoc implementation.
• Credit, market and
•
•
•
•
•
operational risk have no
combined enterprise
view.
Bottom-up, siloed view.
No risk-aware culture.
"Risk-averse" means
"risk-ignorant."
Poor accountability for
risk treatment plans.
Operational risk data
has no influence over
business decision
making.
Informal risk
assessment.
Gap:
• Poor risk stakeholder
engagement.
• Siloed rather than
integrated approach.
• Poor risk data quality.
• No formal risk program
or assessment.
• Risk management skills.
Migration Plan:
• Assess current state.
• Implement common
framework and process.
• Link risks to corporate
performance impacts.
• Engage risk
stakeholders.
• Improve communication
between risk domains.