Aevitium LTD

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What value do you get out of the (potential) maze of multiple, disjointed frameworks to manage risk and compliance? The proliferation of multiple frameworks for incident and regulatory breach management has led to duplicative efforts and confusion. The benefits of streamlining this complex ecosystem are significant. By integrating these frameworks, financial institutions can enhance their risk management capabilities, improve transparency on actual risks, and ensure the effectiveness of the control environment. This consolidation also leads to cost-efficient risk and compliance management, alleviating the workload for business users and risk and assurance functions. Additionally, a centralised source of "official" incident data strengthens regulatory position and provides clients with a structured and transparent error management process. To illustrate the benefits, -       x4 number of reported incidents, through improved transparency. -       80-90% of incidents reported within 24h of identification, enabling fasting mitigation of key issues. -       10FTEs+ savings incl. on training, optimising your cost base. The key to achieving these benefits lies in adopting an Opportunity Assessment Framework (OAF) and is part of the wider Integrated Risk Framework. The OAF helps identify and assess the capabilities or processes that would deliver the most value if enhanced, transformed, or simplified. By applying the OAF to incident and regulatory breach management processes, financial institutions can prioritise functional improvements and facilitate cost/benefit analyses. Implementation of a streamlined incident and breach management process can be achieved within 12-18 months, potentially faster if leveraging existing risk solutions. While challenges may arise, such as dealing with historical data or perceived regulatory obstacles, a common vision aligned with business, regulatory, and client outcomes can guide the transformation journey. Unlocking the benefits of stronger risk management, increased transparency, and cost reduction requires the bold step of simplifying the risk and compliance environment. If you're interested in exploring this opportunity for your firm, feel free to reach out! So, I invite you to consider the possibility of partnering with Aevitium LTD to achieve your strategic objectives. Should you wish to get in touch, please feel free to reach out to me directly at julienhaye@aevitium.com or call me at +44 7700 160052. Read more - https://lnkd.in/eNhyxTvM #risk #operationalresilience #riskmanagement #risks #riskintelligence #oversight #chiefriskofficer #operationalrisk #riskleadership

Are you risk averse? Personally, I am not risk-averse, but I certainly do my best to be risk-aware. This topic came up quite a lot in the past few weeks, especially during my interviews with senior female executives for the RiskMasters Podcast. And this got me thinking about what risk perception and what this means in my daily life. Growing up, I had to learn to read the room from an early age. This was a matter self-preservation. Afterall, being gay was outlawed in my birth country when I was born. And it still is in many countries. Risk perception seems to be a complex psychological phenomenon that varies significantly among individuals and, from what I have experienced, is influenced by various factors such as personal experiences, cultural background, and societal influences. And this impacts our life in many ways. Looking back at my trading days, it always fascinated me to see how, while having access to the same information, we with my colleagues could come up with dramatically different assessments of the same situation, especially when it came to potential risks involved. Research suggests that voluntarily taken, natural, and controllable risks are generally more accepted than imposed, uncontrollable, or human-made risks. The level of familiarity also influences risk acceptance. In my experience when it comes to relationship, differences in risk perception can become a sticky point, often leading to challenges in decision-making and lifestyle choices. When one partner is risk-averse, but not necessarily risk-aware, they may prefer security and stability, avoiding situations with uncertain outcomes, situations they cannot control. This can manifest in financial decisions, career choices, and even in day-to-day activities. Women are risk averse! I heard this statement so many times, including from women. In my experience, many women are risk aware and tend to make risk informed decisions. But that does not make them risk averse. Conversely, some individuals exhibit risk-unaware behaviour, engaging in activities with insufficient consideration for potential consequences. This could be attributed to factors such as impulsivity, overconfidence, a lack of experience or a lack of mental space to “deal with more”. The latter is particularly acute in business and in personal life during stress situation. I had first-hand experience of how destructive this could be while growing up. Recognising and addressing these tendencies is crucial for personal development, societal well-being and business sustainability. Read the full article here - https://lnkd.in/e_DNkCYH #riskmanagement #risk #riskassessment #riskawareness #riskculture #riskperception #riskaversion #riskintelligence #chiefriskofficer #aevitium

Welcome to another insightful episode of RiskMasters, where we delve into the world of risk management with leading experts in the field. In this CPD episode, I have the pleasure of hosting Michele Wucker, a renowned strategic advisor, global economic policy expert, and author of the critically acclaimed book THE GRAY RHINO. Michele brings her wealth of knowledge and experience to discuss the fascinating world of risk management, decision-making, and the concept of the Gray Rhino. Listen to full episode here: https://lnkd.in/eyvxi7Tx Don't miss out on future episodes! Hit that subscribe button on your favourite podcasting platform, and stay tuned for fascinating discussions on risk management #riskmanagement #risk #riskassessment #grayrhinos #michelewucker #risks #oversight #leadership #fintech #payment #womeninbusiness #womeninfinance #genderequality #genderequality #PodcastsOnAmazonMusic #newpodcastalert #riskmasters #podcastforrisk #podcastseries #podcastcommunity #podcastlaunch #podcastinterviews

Is your Risk Management Plan truly comprehensive? Your business might have a basic risk management strategy in place, but is it robust enough to protect against today’s evolving threats? From market volatility to cyber attacks, the risks facing businesses today are more complex than ever. Consider these critical challenges: 📍Inadequate Risk Identification: Are you confident that you’ve identified all potential risks, or could there be hidden threats lurking in your operations? 📍Unprioritised Risks: Are you struggling to decide which risks require immediate attention and which can be monitored? 📍Ineffective Mitigation Strategies: Do you have clear strategies in place to minimise or transfer risks, or are you leaving your business exposed? 📍Lack of Accountability: Are your risk owners clearly defined, or is there confusion over who’s responsible for managing specific risks? 📍Outdated Risk Management Plans: Is your risk management plan regularly updated, or is it based on assumptions that no longer hold true in today’s dynamic environment? 📍Poor Communication and Documentation: Are all stakeholders aligned on the risks and mitigation strategies, or are there gaps in your documentation and communication? If any of these challenges resonate with you, it may be time to revisit and strengthen your risk management plan. Take control of your business risks today. Learn how to build a comprehensive risk management plan tailored to your unique challenges: https://lnkd.in/eN3sb422 #RiskManagement #BusinessRisk #RiskAssessment #RiskMitigation #OperationalRisk #Cybersecurity #Compliance #BusinessContinuity #Finance #FinTech #RiskAdvisory #CorporateGovernance #BusinessStrategy #EnterpriseRiskManagement #ThoughtLeadership #BusinessGrowth #StrategicPlanning #Leadership #CorporateStrategy #BusinessSuccess #AEvitiumLTD #RiskExperts #RiskConsulting

Hi everybody, Happy Monday, everyone! I hope you had a wonderful start to your week. 📍 This week, I am exploring the impact non-financial misconduct on your organisation and how to address it. 🎙 The RiskMasters episode featuring the wonderful Aurore Lecanon is live! The episode is now CPD accredited. Aurore shares her unique career journey from her beginnings in the insurance sector to becoming a leader in risk management. She delves into the challenges and opportunities of integrating sustainability into corporate strategy, offering insights into the evolving nature of risk leadership and the critical role of culture, governance, and strategic alignment in achieving sustainable outcomes. Please note that four more episodes of RiskMasters are now CPD accredited. Check them out! Enjoy the read! #NonFinancialMisconduct #RegulatoryCompliance #FCA #CP2320 #Governance #EthicalLeadership #WorkplaceCulture #WhistleblowerProtection #RiskManagement #SMCR #CorporateGovernance #DiversityAndInclusion #ESG #BusinessEthics #Compliance

In a rapidly evolving financial landscape, the reliance on centralised Cloud-based infrastructure is a strategic necessity for fintech firms. This case study explores our work with a fintech to strengthen their IT infrastructure resilience through proactive business continuity and contingency planning. 🔎 Background: This firm heavily relied on a centralised Cloud-based infrastructure for its critical IT operations and client service delivery. Recognising the potential risks associated with a single point of failure, the institution sought to enhance the resilience of their IT infrastructure against unforeseen events. 📍 Challenges to Overcome: • Downtime During Cloud Service Outage • Data Security • Communication Protocols 💡 Solutions: • Business Impact Assessment (BIA) • Business Continuity Plan Development • Training and Testing 🏆 Outstanding Outcomes: • Operational Continuity • Data Integrity • Regulatory Compliance • Increased client trust By enhancing IT infrastructure resilience through tailored business continuity and contingency planning, this fintech not only is better ready to deal with an unforeseen event successfully but also it strengthened its position as a reliable and resilient financial institution. Read the full case study here: https://lnkd.in/eV-KMVnV 🔗 Embark on Your Journey with Aevitium LTD Dive Deeper: Explore more case studies and learn how firms like yours are mastering their risk transformation journeys on our website. #RiskManagement #FinancialServices #Innovation #BusinessResilience #AevitiumLTD 

Is your organisation equipped with a strong whistleblowing policy? In today’s complex business environment, ensuring transparency, openness, and accountability is more important than ever to ensure the ethical management of your business or non-profit. Yet, many organisations struggle with ineffective whistleblowing systems, leaving them vulnerable to misconduct, legal, and compliance risks. Consider these common challenges: (1) Lack of Clear Reporting Channels: Do your employees know how to safely report unethical or illegal activities? (2) Fear of Retaliation: Are your employees hesitant to report issues due to fear of retribution or career impacts? (3) Unclear Definitions of Misconduct: Are you certain that your whistleblowing policy covers all necessary areas, from financial misconduct to workplace safety? (4) Inadequate Follow-Up: Are reported issues thoroughly investigated and resolved, or do they fall through the cracks? If any of these issues resonate, it’s time to review and strengthen your whistleblowing framework. A strong policy not only protects your employees but also safeguards your business from legal and reputational risks. Read our latest article to learn how to implement a comprehensive, effective whistleblowing policy that promotes openness, probity, and accountability. https://lnkd.in/e2j6keUg #Whistleblowing #EthicalReporting #CorporateGovernance #Transparency #WorkplaceAccountability #RiskManagement #EmployeeProtection #IntegrityInBusiness #Compliance #WorkplaceEthics #CharityProtect #NonProfitGovernance #CorporateEthics #RegulatoryCompliance #LegalCompliance #FraudPrevention #BusinessIntegrity #WhistleblowerProtection #aevitiumltd

Hello everyone, Happy Wednesday! I hope you had a wonderful start to your week. Welcome to the third edition of Aevitium LTD's monthly charity and non-profit newsletter. This week, I’m sharing a detailed case study on charity's governance and risk management. Then, I am providing you with our latest insights on the maturity of risk and governance practices in charities and non-profits. Finally, don't forget to check out our upcoming webinar on how to build resilient charities and non-profits. Warm regards, Julien Haye #CharityGovernance #RiskManagement #NonProfitLeadership #GovernanceAssessment #CharityRiskManagement #BoardOfTrustees #NonProfitRisk #GovernanceBestPractices #CharityCompliance #RiskMitigation #NonProfitSuccess #GovernanceStrategy #RiskRegister #CybersecurityForCharities #RegulatoryCompliance #CharityMaturityAssessment #AevitiumLTD #NonProfitSustainability #CharityGovernanceScorecard #GovernanceImprovement

"The most important thing about this world that we move into is to be open-minded, think outside the box, and be flexible and agile." Anna Rosenberg In this episode of RiskMasters, host Julien Haye engages in a thought-provoking conversation with Anna Rosenberg, the Head of Geopolitics at Amundi Asset Management. Anna shares her extensive journey, from her early days studying history to becoming a prominent figure in geopolitical risk analysis. She provides valuable insights into the intersection of personal resilience, gender dynamics, and strategic risk management in today's complex world. Listen to full episode: https://lnkd.in/e6GCbgvd #riskmanagement #risk #riskassessment #CRO #chiefriskofficer  #annarosenberg #risks #oversight #leadership  #payment #womeninbusiness #womeninfinance #genderequality  #PodcastsOnAmazonMusic #newpodcastalert #riskmasters #podcastforrisk #podcastseries #podcastcommunity #podcastlaunch #podcastinterviews #geopolitics #geopoliticalrisk