Models are all around us — integral and important to operational efficiency — but the risks that they sometimes pose can materially impact the financial well-being of even the most well-structured organizations. In order to understand the risks, we must first define what a model is and what the inherent risks are when operating a model.
Our brains are hardwired to sense threats. And not just physical ones: when we perceive something as a threat to our ego, stability or sense of belonging, the part of the brain that regulates our emotion catches fire. When that happens, and we’re full of emotion, we struggle to think clearly and rationally.
Assessing the Finance journey to become an Analytics Business Partner.
Risk appetite, risk measurement, culture and governance, data management, risk controls, scenario planning and stress testing are among the critical components of a successful enterprise risk management program. How can firms blend these ingredients on the path to implementation?
We recognize our Four Pillars of CFO Success have some key dependencies. That is why we created the Other section under Courses at CFO.University. These areas are important in their own right. Each one supports all Four Pillars of CFO Success. These areas are included in our Other Courses section and include; Human Resources, Technology/Digital Transformation and Career Management.
