RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod.

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Presentation transcript:

RISK MANAGEMENT AS BUSINESS PLANNING Kenny MacLeod

WHY MANAGE RISK ?

 Compliance? WHY MANAGE RISK ?

 Compliance?  No! WHY MANAGE RISK ?

 Compliance?  No!  Compliance is an input to and an output from but not the purpose of risk management WHY MANAGE RISK ?

 Economic Management  No such thing as a free lunch!  WHY MANAGE RISK ?

 Economic Management  No such thing as a free lunch!  What is the best use of scarce resources?  What is the opportunity cost?  How do we get the desired outcomes? WHY MANAGE RISK ?

RISK IS WHAT POTENTIALLY STOPS YOU FROM ACHIEVING YOUR DESIRED OUTCOMES …..OR CHANGES THOSE DESIRES WHY MANAGE RISK ?

CASE STUDY Scotwest Credit Union

 RISK CATEGORIES  RISK APPETITE  RISK SCORING RISK MANAGEMENT FRAMEWORK

DEFINE RISK CATEGORIES RISK MANAGEMENT FRAMEWORK #1

DEFINE RISK APPETITE RISK MANAGEMENT FRAMEWORK #2

DEFINE RISK APPETITE RISK MANAGEMENT FRAMEWORK #3

DEFINE RISK ASSESSMENT SCORING RISK MANAGEMENT FRAMEWORK #4

DEFINE SCORING CRITERIA RISK MANAGEMENT FRAMEWORK #5

DEFINE SCORING CRITERIA RISK MANAGEMENT FRAMEWORK #6

STRATEGIC PLANNING REPLICATE RISK CATEGORIES

STRATEGIC PLANNING LEAD WITH CATE- GORY HEAT MAP

STRATEGIC REPORTING REPORT ON SAME BASIS

PRODUCT PLANNING #1 PLAN ON SAME BASIS

PRODUCT PLANNING #2

OUTCOMES  CONSISTENT MEASUREMENT CRITERIA THROUGHOUT BUSINESS  “AT A GLANCE” GOVERNANCE BASED ON RISK  …and of course COMPLIANCE

WHERE TO NOW ? - “RUMSFELD CONUNDRUM” - OPPORTUNITY RISK

DECISION TREES ?

 RISK MANAGEMENT IS BUSINESS PLANNING  Risk management should drive all of your activities if you want to deliver the best service and return to your Members CONCLUSION