A practical maturity assessment method for model risk management in banks

2017 ◽  
Author(s):  
Liesl van Biljon ◽  
Leendert Haasbroek
Keyword(s):  
Risk Management ◽  
Assessment Method ◽  
Model Risk ◽  
Maturity Assessment

scholarly journals Risk Management Maturity Model for Logistic Processes

2021 ◽  
Vol 13 (2) ◽  
pp. 659
Author(s):  
Agnieszka A. Tubis ◽  
Sylwia Werbińska-Wojciechowska
Keyword(s):  
At Risk ◽  
Risk Management ◽  
Development Strategy ◽  
Assessment Method ◽  
Assessment Process ◽  
Strategy Development ◽  
Maturity Model ◽  
Maturity Level ◽  
Two Stage ◽  
Risk Maturity

Recently, the maturity models for risk management are attracting growing attention. The obtained maturity level defines an assessment of an organization’s management competence. Therefore, as a set of various tools and practices, the maturity model is critical for a company’s overall risk maintenance strategy development and implementation. Thus, the purpose of this article is to present a model for risk management maturity for logistic processes. We investigated the main defined assessment areas for risk maturity model implementation in logistic systems. Based on research findings, we introduced a new risk maturity assessment area based on participation in the supply chain—cooperation at risk. The proposed model constitutes the base for a two-stage assessment method implementation, where the global maturity index is introduced. Finally, we implement the proposed two-stage assessment method to verify the proposed model’s diagnostic function and determine its labor intensity. The study confirmed that the five defined maturity areas (knowledge, risk assessment, process risk management, cooperation at risk, and risk monitoring) provide a complex diagnostic tool for risk maturity level identification and, based on the obtained results, allows to define an appropriate development strategy for a given decision-making environment.

Model Risk Management le prassi e il modello a tendere

2021 ◽  
Author(s):  
Rosa Cocozza ◽  
◽  
Marco Boccarussi ◽  
Federrica Guarnieri ◽  
Damiano Pecchini ◽  
...  
Keyword(s):  
Decision Making ◽  
Risk Management ◽  
Model Risk

I modelli hanno assunto un ruolo pervasivo nell’operatività bancaria configurandosi come driver essenziali nel decision making sia in ambito regolamentare che gestionale, e questa considerazione, seppur con caratterizzazioni diverse, risulta valida sia per banche “significant” che “less significant”.

scholarly journals The Implementation of the POPMAR (Policy, Organising, Planning and Implementing, Measuring Performance, Audit and Reviewing) Model in Occupational Health and Safety Risk Management in an Indonesian Batik Company

2021 ◽  
Vol 10 (3) ◽  
pp. 420
Author(s):  
Fandita Tonyka Maharani ◽  
Zena Lynch
Keyword(s):  
Risk Assessment ◽  
Risk Management ◽  
Occupational Health ◽  
Health And Safety ◽  
Occupational Health And Safety ◽  
Hazard Identification ◽  
Population Exposure ◽  
Safety Hazards ◽  
Model Risk ◽  
The Uk

Introduction: In 2009, UNESCO declared Batik Indonesia as an Intangible Cultural Heritage of Humanity. This study examines the occupational health and safety hazards and risks that arise in a Batik company based on a case example of a Batik company in Surakarta, Indonesia. In Indonesia, Batik is categorized as traditional attire. Two kinds of Batik are produced - Batik tulis (traditionally handcrafted) and Batik printing, which uses specific printing tools. The UK Health Safety Executive (HSE) risk assessment framework is referred to in this study, which consists of: hazard identification, population exposure, risk evaluation, precaution development, recording findings, and regular appraisal of systems. Methods: Both observation and interviews (of workers) at the Batik company were utilized for this study as well as an independent risk assessment. Results: The findings highlighted physical, ergonomic, chemical, mechanical, and biological hazards, originating from the materials, tools, and working methods utilized in the batik production. Conclusion: Many of the issues highlighted by this study can be addressed via in-depth risk assessment, using the POPMAR model to frame the activities. This approach can create a positive pathway, leading to a continuous cycle of improvement which puts the workers’ health at the forefront of the business activities.Keywords: Batik, workers, hazard identification, HSE Model, risk management

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