Empower your risk management journey with a step-by-step plan to drive strategic alignment and foster a culture of risk awareness.
About this checklist.
Protecht’s operational risk checklist is a comprehensive guide designed for new Chief Risk Officers to navigate and manage operational risk effectively. It provides a structured approach to evaluating your organization's enterprise risk management program through your first 90 days in the role.
Whether you're a new or established risk leader, this strategic workbook aids in the assessment and enhancement of critical aspects of your organization's risk management practices. It covers understanding and aligning with corporate strategy, evaluating risk management frameworks and software systems, managing and developing risk management personnel, maintaining regulatory compliance, and promoting continuous improvement.
Reasons to download
- Gain a clear action plan for aligning risk management with organizational strategy
- Assess and improve risk management processes and systems for efficiency
- Manage team dynamics and enhance risk awareness and accountability
- Navigate regulatory compliance and foster positive relationships with regulators and auditors
- Master business-as-usual reporting to regulators and the board
- Identify and implement continuous improvement in risk management
Target audience
- Newly appointed Chief Risk Officers
- Risk management professionals in leadership roles
- Executives looking to streamline risk management processes
- Individuals responsible for compliance and regulatory relationships
What you will learn
- How to align risk management with overall business strategy
- Techniques to evaluate and improve risk management frameworks and systems
- Best practices for team management within the risk management function
- Methods to manage compliance and audit relationships effectively
- Strategies for regular reporting and fostering a culture of continuous improvement in risk management
Next steps
- Read our CRO's guide to risk management success, written by a former financial services CRO, which covers how to establish strong foundations, drive risk management initiatives, and build a risk-aware organizational culture
- Get tips on how to build a business case for a new enterprise risk management (ERM) solution and download our business case template to help you define the need for an upgrade, calculate ROI, address potential risks, and outline steps for implementation
Bringing it together with Protecht ERM
Protecht ERM is an integrated operational risk management solution that provides a practical framework for implementing your strategic recommendations as a new CRO. Its features allow you to align risk management with business goals, enhance risk processes, and improve team management. It simplifies regulatory compliance and improves reporting practices, which are critical checklist items. Its analytical tools and dashboards support the continuous improvement of your organization, making it a comprehensive solution for operational risk management in your initial months and beyond.
