Risk quantification can be both an enticing and intimidating exercise for a business to pursue. Reporting risk is often an ad hoc and highly interpretive process – Where can we incorporate standardisation in our methodology to ensure that we’re reporting on the whole picture?
Join us for an interactive panel discussion to learn from first-hand accounts, and industry best practices that outline a 5-step approach to quantifying meaningful risk metrics to your leadership.
In this session, we'll diagnose some of the common pitfall’s companies fall into and identify perspectives to help account for variables that do not have defined parameters when understanding risk.
Key takeaways:
- Understand how you can use risk metrics as a planning tool beyond mitigation tactics
- Identify five simple steps to apply and guide your quantification strategy
- Hear first-hand accounts of challenges and success in reporting risk to the board
- Take a mixed approach to quantification to help retain qualitative risk insights
Speakers
Victoria is President of the UKRIAT Committee and qualified as a chartered secretary over 20 years ago. She has significant experience in listed companies and Victoria has been on the UKRIAT Committee since it was formed in 2014, having originally been elected to the Institute’s Council in 2013.
Scott Bridgen serves as Head of GRC for OneTrust GRC– a purpose-built software designed to operationalise integrated risk management. In his role, Scott is responsible for driving the development and delivery of OneTrust's integrated risk management product as well as driving the refinement of the toolset and offerings. He advises companies throughout their risk management implementations to establish processes to support operations and align with their enterprise objectives, including adopting industry best practices and adhering to requirements relating to relevant standards, frameworks, and laws (e.g. ISO, NIST, SIG and more). Scott works with clients to realise the extent of their risk exposure, helping clients to map their digital infrastructure, assess risks, combat threats, monitor ongoing performance, and document evidence throughout the risk lifecycle.
Stuart joined Coats in 2014 and is responsible for legal, compliance, governance, risk management, ethics and integrity, internal audit, ESG/sustainability, internal and external communications and company secretarial matters. He is a permanent attendee at and advisor to the Group plc Board and a member of the Management Board, the Group Risk Management Committee, the M&A Committee and the Digital, Technology and Data Protection Steering Committee.
He was previously General Counsel for Retail & Wealth with Lloyds Banking Group where he led international teams and provided legal and regulatory advice, risk management guidance and strategic support. Prior to working at Lloyds Banking Group, Stuart was Executive Director, Law & Compliance at Morgan Stanley. Stuart began his legal career as a solicitor and mediator with Freshfields Bruckhaus Deringer in London and New York, before which he was a director of a public relations and marketing consultancy.
Stuart is married with three children and in his copious spare time he competes in endurance cycling, swimming, triathlon and quadrathlon events; trains Paralympic wheelchair athletes; plays the bagpipes; and makes undrinkable wine on a small farm in Ibiza.
Sponsors
Sponsored by:
OneTrust GRC enables risk, compliance and audit professionals to identify, measure, and remediate risk across their business to comply with internal rules and external regulations. With OneTrust GRC, companies can seamlessly integrate risk management into their day to day activities. OneTrust GRC is a part of OneTrust, the #1 most widely used privacy, security, and governance platform trusted by more than 9,000 customers and powered by 150 awarded patents.
To learn more, visit OneTrustGRC.com or connect on LinkedIn
How to access this recording
This recording is available to view by everyone, all you need to do is log into your MyCG account and click here. If you do not have a MyCG account, all you need to do is register as a Free Subscriber and then click here.
Sponsored by: