The proliferation of chief “something” officer (CxO) titles over the past decades recognizes that there’s value in having a single individual focused on a specific critical problem. A CxO position can be strategic or it can be the ultimate middle management role, with far more responsibilities than authority. Many of those handed such a title find that it’s the latter. This may be because the organization that created the title is unwilling to invest the necessary powers and portfolio of...
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Topics:
GRC,
Office of Finance,
Operational Performance Management (OPM),
Chief Risk Officer,
CRO,
ERM,
OpenPages,
Business Analytics,
Business Collaboration,
Cloud Computing,
Data Governance,
IBM,
Business Performance Management (BPM),
compliance,
Data,
Financial Performance Management (FPM),
Risk,
Financial Services,
FPM
Integrated risk management (IRM) was a major theme at IBM’s recent Smarter Risk Management analyst summit in London. In the market context, IBM sees this topic as a means to differentiate its product and messaging from those of its competitors. IRM includes cloud-based offerings in operational risk analytics, IT risk analytics and financial crimes management designed for financial institutions and draws on component elements of software that IBM acquired over the past five years, notably from ...
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Topics:
GRC,
Office of Finance,
Operational Performance Management (OPM),
Chief Risk Officer,
CRO,
ERM,
OpenPages,
Business Analytics,
Business Collaboration,
Cloud Computing,
Data Governance,
Governance, Risk & Compliance (GRC),
IBM,
Business Performance Management (BPM),
compliance,
Customer Performance Management (CPM),
Data,
Information Applications (IA),
Information Management (IM),
IT Performance Management (ITPM),
Risk,
Supply Chain Performance Management (SCPM),
Financial Services,
FPM
My colleague Mark Smith and I have frequently commented on the artificiality of the emerging software category governance, risk and compliance (GRC). To be sure, once stand-alone categories of software (IT governance, audit documentation and industry-specific compliance management, to name three examples) have started what I expect to be a long convergence process. Moreover, since just about all controls and risk management efforts require a secure IT environment to be effective, there is a...
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Topics:
Customer Experience,
Governance,
GRC,
Office of Finance,
Operational Performance Management (OPM),
enterprise risk management,
ERM,
Business Performance Management (BPM),
compliance,
Financial Performance Management (FPM),
Risk,
controls,
IT governance
