Posts Tagged ‘ERM’

SEC Looking for Chief Risk Officer

risk officer

Audit and risk professionals with a yearning for public service at a good salary, you have a new option: the Securities and Exchange Commission is looking for its first-ever chief risk officer. The agency posted the job this week. Salary is $185,000 to $245,000, which is on par with what CROs earn in the private…

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COSO Debuts Final ERM Framework

COSO unveiled its new framework for enterprise risk management this morning, a trimmed down version of the original draft that still places a heavy emphasis on embedding risk management across the whole enterprise and tying it deeply to corporate strategy. The framework is available at www.COSO.org. It’s the result of nearly three years’ work and…

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SEC DERA, We Love You!

SEC DERA

Let’s all be honest: the Securities and Exchange Commission is not known for a sense of humor. This is too bad, because at least some individual SEC employees I’ve met over the years have been quite funny. Their inner comedian yearns to break free in a litigation release or SEC comment letter, only to be…

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More Details on COSO ERM Framework

erm framework

More news on the COSO framework for enterprise risk management: the final framework will consist of 20 principles rather than the originally proposed 23; the “ERM rainbow” graphic will be replaced with a more DNA-like image; and yes, COSO intends to have the complete framework ready for public consumption by sometime in July. That’s the…

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Update to COSO’s ERM Framework Update

erm framework

COSO plans to simplify its forthcoming framework for enterprise risk management, paring back some of the 23 proposed principles and renaming some of the framework’s five components, according to a project summary PwC has been circulating lately. A friend of the cause passed along that presentation to me earlier this week, and the framework’s development…

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Amazon.com Launching New ERM Effort

Amazon

Spotted on the Internet this weekend: Amazon.com is looking for a program manager to join a newly formed enterprise risk management team—which means, of course, that Amazon has a newly formed ERM team. That’s news to me. The job description says Amazon wants to create a new, centralized ERM function that acts as an adviser…

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ERM Framework: Govt. Sector Calls for Unity

erm framework

One of the sleeper issues this year, that could become a larger issue for risk and compliance officers next year, is the COSO draft framework for enterprise risk management. Compliance officers in the private sector might want to watch what your brethren in the government sector are saying about ERM, since the points they are raising…

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TEC 2016, Day 2: A Focus on Focus (and ERM)

performance

The show-stopper for Day 2 of Workiva’s TEC 2016 user conference was a talk by Carey Lohrenz, the first female fighter pilot for the U.S. Navy. She gave an excellent keynote presentation Thursday morning about achieving high performance. Much to my surprise, however, Lohrenz’ comments also struck lots of chords with another TEC 2016 session that preceded…

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Is This GRC in Our Future?

One of my other favorite blogs about compliance and risk management is the one maintained by ACL, a software vendor that caters to the internal audit industry. Those of you who like to ponder the future of our profession might want to read the most recent post there, “The Maturing World of GRC” by John…

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Govt Agencies Embark on ERM Adventure

An experiment is about to begin in the government sector: federal agencies are going to try embedding enterprise risk management into their operations. risk and internal control professionals in the private sector might want to watch this effort and see how it goes. Final word on the ERM initiative came down last week, when the…

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