Are 3 lines of defense useful?

(extract from the Guide to effective risk management 3.0, read the full book for free: https://www.risk-academy.ru/en/download/risk-management-book) The risk governance model depends on the management and shareholders’ expectations as well as on the risk manager’s competencies and on the resources available for risk management implementation. The risk governance model can be built based on the classical…… Continue reading Are 3 lines of defense useful?

5 reasons why internal audit may be the best place for the risk manager to sit

A while back I recorded a short video on the topic of risk management organizational structure in a non-financial company. In the video I discussed various options for risk manager’s place in the overall organizational structure. Since there is really no single right answer, the few common options include: reporting directly to the CEO, reporting…… Continue reading 5 reasons why internal audit may be the best place for the risk manager to sit