1. Process driven Risk and Compliance Management Anushree M Bag

2. Benefits of Enterprise Risk Management (ERM)

3. Risk Monitoring- the COSO framework

4. ERM Best Practices Adapted from content by: McKinsey and Co.

5. Denial Head in the sand approach Fear of bad news Over confidence Detachment Slow response/Reactive approach Indifference Ambiguity Poor definition Lack of clearly documented processes Lack of insight Lack of communication Avoidance Seeking loopholes for subversion of Risk Flaws in Risk Culture Adapted from content by: McKinsey and Co.

6. An integrated framework helps RISK: Risk Identification, Risk assessment, Risk monitoring, Risk mitigation , Risk profile development, Board driven Risk Appetite, Risk dashboards and Heat Maps PROCESS: Process analysis, process improvement techniques using Six Sigma methodologies to drive operational efficiencies such as cycle time reduction and headcount redirection/reduction COMPLIANCE: Controls documentation and Lifecycle Management to meet Regulatory requirements, with the objective of minimizing the probability of audit findings and financial penalties

7. Risk Tree and Heat Map R2 R1 R3 The highest Risks on a Risk Tree are represented on the Heat Map

9. Ensure alignment between Risk Evaluation and Prioritization, and the Strategic Plan

10. Risk Culture :

11. Process driven Risk through Performance Improvements

12. Embed in Business Planning and Budgeting process

13. Leverage ERM to address Compliance Risks & Control Enhancements

14. Emerging Risks

16. Anushree M Bag anushreembag@gmail.com Thank You