Wednesday, September 03, 2008

Things occupying my mind

What makes risk management interesting

The challenges in financial risk management is keeping up with changes within the organization and assessing that impact to risk management; in other words moving on with times. The demands by multiple stakeholders in terms requires you to shift thinking caps and the learning curve for me and for my team is very steep in order for us to stay at par with organizational change, if not ahead, and simulatenously meet the demands of the stakeholders i.e. senior management, OPUs and HCUs.

Things occupying my mind categorized but not necessarily in the order of importance.

Integrated Financial Risk Management
  • Pilot company compliance checklist report
  • Supporting guidelines that needs to be re-written, both in terms of documentation and content
  • The review with CFO of the pilot company
  • The remaining 1st phase OPUs for CFP roll-out
  • The risk council meeting this 23rd September
  • Sharing session with Group Risk Management on CFP implementation
  • Revised timeline for all of the above

Measurement and Reporting

  • Getting to a total view of FX Risk exposure
  • Revised Dashboard to incorporate having a total view of FX
  • Framing the context of foreign exchange exposure for the group of companies
  • Risk systems transition and implementation
  • Progress in implementing stress testing framework for financial risk exposures
  • A framework for FX Risk Management for the upstream OPU

To be continued.......

Asset Liability Management

Compliance and Control

Initiatives deadline

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