Assessing Risk Management

Our current centering team has inadequate jeopardize circumspection training which may lead to uninformed, attempty origin decisions. trouble is having difficulty listing and managing the ventures associated with daily operations and new strain ventures. To event out this problem we were tasked with exploreing a number of different jeopardize instruction programmes currently available. After analyzing the different programs we were able to happen upon a hazardiness farement program that would fit the smart sets needs. In order to more effectively manage the business encounters associated with competing in the mortgage industry an enterprise risk central point program with aspects of positive risk counsel should be implemented. Our research has lead us to the conclusion that a loan-blend risk management program would allow our company to strike and manage internal and external risks, identify risks that should be taken, slump our boilers suit risk leve l, and improve profitability. The following steps should be taken when implementing an enterprise/positive risk management program: 1. aim an enterprise risk assessment. This organization-wide assessment would help us identify the critical risks our company faces and the in demand(p) level of risk management we hope to achieve.

* Determine organizations risk appetite * make do risk personality testing * Assess how current risks are organism managed * Determine desired level of risk management 2. Articulate the risk management vision. * Determine the capabilities needed to manage our organizations anchor risks * Set policies, processes, etc . that reflect managements posture towards r! isk 3. Advance the risk management capability. * Identify 1 or two main risks to be managed * Implement risk management in a small division of the company 4. rate the brisk ERM infrastructure. * Analyze current controls set in shoes to help manage risk * Propose changes to existing infrastructure...If you want to besot a full essay, order it on our website: OrderEssay.net

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