Subscribe Now

* You will receive the latest news and updates on your favorite celebrities!

Trending News


Curated current state of knowledge from across the world – knowledge, tools and technologiesbest practices, thought leadership and affordable trainingand certifications for professional management practitioners,teachers, students, advisors, consultants, bankers and all thosethat value the need to knowledgeable in the ever-changing landscape.

Operational Risk Management

Risk Management in 2022 and Beyond by Clive Thompson

Risk management is a dynamic and developing discipline. The basic principles remain constant. Its application, though, has to recognize the context in which it is operating. That context in 2022 will reflect a business environment that is increasing in complexity due to the twin impacts of climate change and digitization.

Risk Management in 2022 and Beyond (

Top Ten Vendor Risk Management Trends for 2022 by  Sabrina Pagnotta

As we move into 2022, the pandemic persists and security needs increase. You’re probably already assessing the security controls of your top third party vendors through a TPRM program, but the third party risk surface keeps expanding at lightning speed. Are you ready to kickstart next year’s strategy to face new supply chain challenges and regulations?

In order to seize opportunities amid the uncertainty and forge a path to success, it’s critical for your organization to understand the forces that will shape our digital business world. Be ready by building these trends into your roadmap for the year ahead.

Vendor Risk Management Trends To Keep An Eye Out For In The New Year:

Top Ten Vendor Risk Management Trends for 2022 (

UK PRA Guidelines: New Strategies for Operational Resiliency and Supplier Risk Management

It goes without saying that operational resiliency and supplier risk management go hand in hand. Organizations need to adapt, respond to, and recover from disruptions that occur both internally and externally in order to be successful. In recent years, financial regulators globally have been putting a stronger emphasis on operational resiliency and business continuity, leading to an influx of new guidelines for managing third-party risk.

In the UK, rapid technological advancements, changing consumer behaviors, and increasing cybersecurity concerns have led regulators to consider new strategies to address economic stability through outsourcing and third parties. Operational resilience has become a leading focus for the UK Prudential Regulation Authority (PRA). The PRA has published a supervisory statement on third-party risk management that aims to improve operational resiliency. Outsourcing arrangements entered on or after 31 March 2022 will need to comply with these expectations in the coming months.

UK PRA Guidelines: New Strategies for Operational Resiliency and Supplier Risk Management | ProcessUnity

Naval Postgraduate School

Risk is inherent in all tasks, training, missions, operations, and in personal activities no matter how routine. The most common cause of task degradation or mission failure is human error, specifically the inability to consistently manage risk. ORM reduces or offsets risks by systematically identifying hazards and assessing and controlling the associated risks allowing decisions to be made that weigh risks against mission or task benefits. As professionals, Navy personnel are responsible for managing risk in all tasks while leaders at all levels are responsible for ensuring proper procedures are in place and that appropriate resources are available for their personnel to perform assigned tasks. The Navy vision is to develop an environment in which every officer, enlisted, or civilian person is trained and motivated to personally manage risk in everything they do. This includes on- and off-duty evolutions in peacetime and during conflict, thereby enabling successful completion of any task and mission. Navy commands and activities accomplish this by executing a four pillar strategy.

Operational Risk Management (ORM) – Safety – Naval Postgraduate School (

Fiscal Year 2022 Bank Supervision Operating Plan Office of the Comptroller of the Currency Committee on Bank Supervision

The FY 2022 strategy planning guidance and the FY 2022 Bank Supervision Operating Plan establish priority objectives across the CBS operating units. CBS operating units and managers should use this guidance to develop and execute individual operating unit plans and risk-focused bank supervisory strategies. While the objectives are similar for the Large Bank Supervision and Midsize and Community Bank Supervision, CBS managers will differentiate bank size, complexity, and risk profile when developing individual bank supervisory strategies. CBS operating plans include resources and support for risk-focused examinations of technology and significant service providers that provide critical processing and services to banks. The OCC will adjust supervisory strategies, as appropriate, during the fiscal year in response to emerging risks and supervisory priorities. For FY 2022, supervision will focus on the impacts of the pandemic and resulting economic, financial, operational, and compliance implications. In addition to the baseline supervision to assign ratings, examiners will focus on the safety and soundness of strategic and operational planning, including:

Fiscal Year 2022 Bank Supervision Operating Plan, Office of the Comptroller of the Currency, Committee on Bank Supervision (

Risk and Opportunity Management Strategy 2020 – 2022

Risk is unavoidable. It is an important part of life that allows us all to move forward and develop. Successful risk management is about ensuring that we have the correct level of control in place to provide, as far as reasonably practicable, sufficient protection from harm without stifling our development. The Council’s overriding attitude to risk is to operate in a culture of creativity and innovation, in which all key risks are identified in all areas of the business and are understood and proactively managed, rather than avoided. In respect of health and safety risks, this requires the weighing up of the risk verses the time, cost and effort to control the risk, irrespective of the risk score. We need to have the structures and processes in place to ensure the risks and opportunities of daily Council activities are identified, assessed and addressed in a standard way. We do not shy away from risk; we seek to proactively manage it. This will allow us not only to meet the needs of the community today, but also be prepared to meet future challenges.

The Council will record the significant risks identified as potential threats to the delivery of its objectives within Risk and Opportunity Registers and incorporate mitigation controls within action plans to include details of any opportunities that may arise from the successful management of each risk. Strategic Risks will be monitored every three months and Operational Risks every six months. Findings will be reported via the Council’s formal reporting process.

The benefits gained with a Risk and Opportunity Management Framework are improved strategic, operational and financial management, better decision making, improved compliance and, most importantly, improved customer service delivery and better outcomes for the citizens of Plymouth.


Top Compliance Issues for 2022

2020 and 2021 brought unforeseen challenges for organizations of all kinds, prompting many to take stock of their governance, risk, and compliance (GRC) management practices. Moving forward, leadership teams must take a proactive approach to addressing compliance risks and developing policies that support effective governance.

Top Compliance Issues for 2022 – Quantivate

The 12 Best Risk Management Software and Programs for 2022 by Tess Hanna

Solutions Review’s listing of the best risk management software is an annual mashup of products that best represent current market conditions, according to the crowd. Our editors selected the best risk management software based on each solution’s Authority Score; a meta-analysis of real user sentiment through the web’s most trusted business software review sites and our own proprietary five-point inclusion criteria.

The editors at Solutions Review have developed this resource to assist buyers in search of the best risk management software and tools to fit the needs of their organization. Choosing the right vendor and solution can be a complicated process — one that requires in-depth research and often comes down to more than just the solution and its technical capabilities. To make your search a little easier, we’ve profiled the best risk management software providers all in one place. We’ve also included platform and product line names and introductory software tutorials straight from the source so you can see each solution in action.

Note: The best risk management software is listed in alphabetical order.

The 12 Best Risk Management Software and Programs for 2022 (

Top Bank Risks for 2022By Julie Knudson

As 2020 came to a close, banks, consumers and the world at large were eager to see it go. And then 2021 happened, and we learned just how sticky the pandemic’s many challenges could be.

Customers discovered they like the convenience of newly launched digital channels, but their patience with the teething stage of online banking evaporated. Banks suddenly risked losing accounts if their digital game wasn’t top notch. The shifts in regulatory priorities that often follow a change in administration created new risk profiles for banks already grappling with emerging social and financial issues on an unprecedented scale.

Amid so much ongoing upheaval, what risks will 2022 bring? We gathered insight from industry experts on how they anticipate issues such as cybersecurity, third-party partnerships and compliance will shape banks’ risk management strategies in the year to come.

Top Bank Risks for 2022 | ABA Banking Journal

Brace for the cutting edge of climate change by Diego AndreuAmit Narayan 

Climate change and its associated impacts are the number one operational risk to business in 2022. While COVID-19 continues to pressure business operations globally, extreme weather events and natural disasters will take centre stage by disproportionally influencing politics, economic policy, urbanisation, infrastructure and capital investments – to say nothing of the compounding impacts on business continuity, global supply chains and duty of care considerations.

A September 2021 report by the UN’s World Meteorological Organisation stated that extreme weather events are not just happening more, they’re also happening increasingly simultaneously. The report further stated that climate change has helped drive a fivefold increase in the number of weather-related disasters in the last 50 years. This squarely brings back into focus the urgent need for businesses around the world to be prepared for multiple “crisis within a crisis” scenarios.

Brace for the cutting edge of climate change | RiskMap 2022 (

Strategic Planning Process Steps For Operational Risk Management

This is really a critical step in ensuring that risk professionals understand the business rationale behind each objective so that it helps to make the risk analysis more focused.

Once the tactical goals have already been broken down into more tactical, workable pieces, risk professionals should use the engineering document, monetary model, strategic business plan, and cost management model to figure out management’s key assumptions.

The end result of risk analysis helps you to determine the risk-adjusted probability of achieving tactical goals, as well as the main risk

Based on the risk analysis results, actual management may be necessary to analyze and update the whole technique and some aspects of it. This is certainly one of the reasons why it is highly advisable to perform a risk assessment before finalizing the technique.

At a later stage, the hazard supervisor should examine through the internal audit whether the risk identified during the hazard analysis

Strategic Planning Process Steps For Operational Risk Management – Mr Dashboard

The Biggest Trends Shaping Nearshore in 2022 by  Peter Appleby

Next year, the Nearshore is going to be different.

The past year was one of huge change in the region, as Covid-19 forced a reshaping of the global outsourcing hierarchy and the push for digital transformation drove demand for outsourcing services while many other industries were mothballed.

Questions that posed doubts over the remote work situation were faced and overcome, and remote working looks set to be an essential – and even differentiating factor – in a company’s ability to recruit.

On recruitment, scarcity of talent continues and will only get worse. How companies will find, attract and retain that talent into the next year remains to be seen. Are massive wage hikes sustainable?

The pandemic is not going anywhere for now, at least. The explosive power of the Omicron variant will be key to the industry’s operations over the coming months.

Considering this, what are the trends we’re likely to see hitting the Nearshore in 2022?

The Biggest Trends Shaping Nearshore in 2022 – Nearshore Americas

GRC Trends in 2022: Resilience & Agility

What is Resiliency?

Resilience is being elastic and having the ability to spring back, to recover. When you encounter a negative event, your resiliency allows you to quickly get your organization back up and running and recover processes and post-event services.

When companies experience operational issues or encounter adverse events, risk issues show their ugly heads. Resilience requires integration that makes business continuity a part of the enterprise and operational risk management strategy. Operational resiliency is getting a lot of focus these days, and rightfully so. The pandemic has provided a perfect litmus test for companies to see just how well they either struggle or excel with resilience.

GRC Trends in 2022: Resilience & Agility | LogicGate Risk Cloud

 Got in Store? 4 Risk and Compliance Hot Spots

As we head into 2022 organisations and compliance leaders may still be reeling from all the drama and uncertainty of the previous years! Nevertheless, whilst the global pandemic continues to disrupt the corporate world, as professionals we must set our eyes to the future and identify emerging risks.

Anticipating the future is not easily done, but by studying and understanding key risk trends we can prepare. In this article we will be providing insights on 4 risk hot spots, helping you to lead discussions with your teams in the new year, so you can identify actions needed to establish strategic plans for 2022.

What’s 2022 Got in Store? 4 Risk and Compliance Hot Spots | 1RS Risk Solutions


Technology Risk Management

Technology risk is any potential for technology failures to disrupt your business such as information security incidents or service outages.

Let me start with a shocking example of how a runaway IT risk incident can have a catastrophic impact, just like what happened to the airline Comair, a subsidiary of Delta Air Lines. One busy December, Comair’s crew-scheduling system failed because it was only capable of handling a certain number of changes a month. The system abruptly stopped functioning, leaving nearly 200,000 passengers stranded throughout the US in the run-up to Christmas. Revenue losses as a direct result of this incident are estimated at US$20 million.

An up-to-date EA inventory gives you information on all your applications including the technologies they are based on. This helps you to assess which applications might be at risk because underlying IT components are no longer supported and lets you keep track of your technology standards. Incidents that happen because of unsupported technology components on average will cost companies around €600.000.

In this definitive guide, you will learn how to avoid this situation.

Technology Risk Management – The Definitive Guide | LeanIX

WordPress Theme built by Shufflehound. © Copyright 2022 | The Global Knowledge Worker |  Website Developed by Digital Vega