Risk Management

Episode 15 - Getting Started with Machine Learning in Risk Management

Episode 15 - Getting Started with Machine Learning in Risk Management

Office Hours is a work of passion to share strategies, technology ideas, and real-world stories that inspire governance, risk management, compliance, and audit professionals to live their biggest impact! Our channel is dedicated to delivering the best stories and strategies in developing GRC programs we've seen across 7,000 organizations in 140 countries around the world. In every episode we'll drill down on a topic that can help you level up - risk management, compliance automation, data analytics, next-generation auditing, robotic process automation, artificial intelligence, etc.

Episode 12 - Considering the Risk of "Too Good to be True"

Episode 12 - Considering the Risk of "Too Good to be True"

Office Hours is a work of passion to share strategies, technology ideas, and real-world stories that inspire governance, risk management, compliance, and audit professionals to live their biggest impact! Our channel is dedicated to delivering the best stories and strategies in developing GRC programs we've seen across 7,000 organizations in 140 countries around the world. In every episode we'll drill down on a topic that can help you level up - risk management, compliance automation, data analytics, next-generation auditing, robotic process automation, artificial intelligence, etc.

Episode 7 - The Risk of Brand Perception and Power of AI/NLP Driven Topic Modeling

Episode 7 - The Risk of Brand Perception and Power of AI/NLP Driven Topic Modeling

This week on Office Hours we'll be talking about brand, and the risk of brand misperception. What assurance do management and the Board really have that corporate marketing is speaking to the market in a way and cadence that aligns to corporate strategy and drowns out the competition? This is a good chance to think about risk management's role in marketing, and also a great chance to look at how AI-driven natural language processing can be used in a real-world, practical way... in this case to competitively benchmark natural language marketing communications to our strategy and competitors.

Episode 3 - Using Scenario Modeling for Risk Management (and is the lottery truly random?)

Episode 3 - Using Scenario Modeling for Risk Management (and is the lottery truly random?)

This week on a LONG and in-depth Office Hours, hosts Dan Zitting and Kevin Legere try to teach the basics of using scenario modeling (or simulation analysis) to enhance risk management and risk assurance. Scenario modeling enables GRC professionals to make far more informed risk decisions by considering the universe of potential outcomes of a given risky scenario... by understanding the probability of outcomes that are inside or outside the organization's risk tolerance, we can make quantified and informed decisions that make the organization better and impress the crap out of management! We'll run through a real case study from the Arizona State Lottery to make the points, with a little side lesson what does "random" truly mean. Find out if the pick 3 lottery really is indeed truly random!

Episode 2 - How to Manage Risk Events (Hotlines, Conflicts, Security Incidents, etc.)

Episode 2 - How to Manage Risk Events (Hotlines, Conflicts, Security Incidents, etc.)

This week on Office Hours, our hosts, Dan Zitting and Kevin Legere, talk about managing risk events. What are risk events? They could be anything from an ethics hotline reports, conflict disclosures, security incidents, sexual harassment incidents, unexpected financial instrument value fluctuations, physical security breaches, vendor failures, etc., etc. No matter which function you're in or the risk you're responsible, it is surely possible to centralize the capture, review, and remediate these events in a way that maximizes assurance of appropriate follow-up while creating insightful reporting and automating much of the process. In this episodes we share examples of how to do so in ACL software, bu the principles apply regardless.