RISK
Risk Management is not a light switch, it cannot simply be switched on at will
Rather, it is a maturity journey of clearly demonstrable steps which need to be engaged by competent, persistent professionals in a sense, probe and adjust manner…
In this regard, modern Risk Management has three primary disciplines
Qualitative Risk Management
Developing and maintaining risk identification, evaluation, monitoring and reporting frameworks
Quantitative Risk Management
Building and managing probabilistic risk models, quantitative risk assessments, monte carlo simulations and the like
Assurance
Independent testing of existing risk frameworks, data, controls & performance for the purpose of securing stakeholder confidence