Tech Startup Growth Hacking 101 - Basics on Growth Marketing
Enterprise Risk Management.pdf
1.
2.
3. • What is ERM
• Uncertainty Principle
• ERM Framework
• Risk Response Strategy
• Benefits of ERM
• 8 Components of ERM
4. • Process affected by Board of Directors, Management, etc.
• To identify risk
• To Manage risk
• Reasonable assurance about achievement of Objectives
5. • All organizations [Profitable + NGO] faces uncertainty
• It is a challenge to management
• Uncertainty brings Risk and Opportunity
• ERM provides a FRAMEWORK to deal with Risk and Opportunity
6. Risk Management
Risk Assessment
Risk Mitigation/Control
Risk Identification
Risk Analysis
Risk Prioritization
Risk Reduction
Risk Planning
Risk Monitoring
Mitigate
Avoid / Transfer
Accept
MATA – Mitigate, Avoid, Transfer and Accept
13. Strategic Operational
Hazard Financial
• Demand Shortfall
• Customer retention
• Integration problems
• Pricing pressure
• Regulation
• Research and Development
• Industry or sector downturn
• JV or partner losses
• Operational Controls
• Poor Capacity management
• Supply Chain Issues
• Employee Issues including fraud
• Bribery and Corruption
• Regulation
• Commodity prices
• Macroeconomic
• Political Issues
• Legal Issues
• Terrorism
• National disasters
• Debt and interest rates
• Poor Financial management
• Asset losses
• Goodwill and amortisation
• Accounting problems
14. Cost
• Budget Exceeded
• Unanticipated Expense
Resources
• Team is under resourced
• Material shortage
• Machinery unavailable
• Industrial Action
• Skill gap
Environmental
• Bad weather results in re-work
• Weather delays progress
• Adverse environmental affects occur
• Environmental approval not completed in time
Scope
• Scope creeps
• Scope partly defined
• Project changes poorly managed
Communication
• Poor communication
(Stakeholder dissatisfaction)
• Positive and timely communication
(positive publicity)
Time
• Schedule over runs
• Tasks omitted for schedule
• Opportunity to compress
schedule
15. Product Design System / Software Manufacturing All Other Project Management Quality
Product
Performance
Design
Data Accuracy
Security
Assembly
Tools
Consumer service
Environment
Teamwork
Product cost
Quality system
Signal Levels
16. Low Medium High
Low Medium Medium
Low Low Low
Probability
Impact
Low Medium High
Low
Medium
High
Low High
Minimal Moderate
Inherent
Control
rely Not rely
Low
High
19. Wealth management, payment, capital market, crowdfunding, lending and
insurance enterprises
Cryptocurrency, cloud computing, big data analytics and media developers
Enterprises and individuals
Conventional banks, insurance enterprises, stock brokerage firms and
venture capitalist enterprises
Financial regulators and legislatures
Fintech start-ups
Technology developers
Financial customers
Traditional financial
institutions
Government
20. • Fraud Risk
• Merchant Risk
• Regulatory risk
• Anti-money laundering and countering terrorist financing
• Consumer Risks
• Cybersecurity and Data Privacy
• Credit risk and operational risk
• Outsourcing Risk
21. Fintech Company
Fintech Enterprise
Risk Area
Fintech Innovative
Solution Risk Area
New Business Models
Applications
Processes
Products
Services
Investment Management
Customer Management
Regulation
Technology Integration
Security and Privacy
Risk Management Practices
22. This process recognises and documents the risk factors that may affect the fintech initiative.
This process determines the probability of occurrence of the fintech risk and the impact on
the fintech initiative.
This process involves a mathematical calculation of the expected monetary value (EMV) of a
risk.
This component includes six fintech challenges: investment management, customer
management, regulation, technology integration, security and privacy, and risk
management practices.
This component examines the risk associated with implementing “technologically enabled
financial innovations that could result in new business models, applications, processes,
products or services”.
Identify fintech risk
Perform qualitative risk
analysis
Perform quantitative risk
analysis
Address fintech enterprise
risk area
Implement fintech innovative
solutions risk area
23. Fintech Risk
Management Phases
and Processed
Fintech Innovative
Solutions Risk Area
Fintech Enterprise Risk
Area
Fintech Risk
Organizing
and Planning
Fintech Risk
Assessment
Fintech Risk
Reaction
Fintech Risk
Monitor
and Control
Investment
Management
Customer
Management
Regulation
Technology
Integration
Security and
Privacy
Risk
Management
Practices
New
Business
Models
Applications Processes Products Services
Organize and
Plan Fintech
Risk Effort
Identify
Fintech
Risk
Perform
Qualitative
Risk Analysis
Perform
Quantitative
Risk Analysis
Response
to
Risk
Monitor
And
Control Risk