risk-management

Files (5)

• SKILL.md
• business-continuity.md · references/
• erm-framework.md · references/
• fortune50-risk-management.md · references/
• insurance-risk-transfer.md · references/

SKILL.md (first lines)

# Risk Management Expert

Comprehensive risk frameworks for enterprise risk assessment, business continuity, and risk mitigation.

**Detailed References:**

- [ERM Framework & Risk Appetite](references/erm-framework.md) - COSO framework, risk appetite, quantitative analysis
- [Business Continuity Management](references/business-continuity.md) - BCM lifecycle, recovery objectives, crisis management
- [Insurance & Risk Transfer](references/insurance-risk-transfer.md) - Insurance programs, risk financing strategies

## Risk Categories

| Category          | Description                      | Examples                            |
| ----------------- | -------------------------------- | ----------------------------------- |
| **Strategic**     | Risks to business model/strategy | Competitive disruption, M&A failure |
| **Operational**   | Risks in day-to-day operations   | Process failures, supply chain      |
| **Financial**     | Financial loss risks             | Credit, market, liquidity           |
| **Compliance**    | Regulatory/legal risks           | Regulatory changes, lawsuits        |
| **Reputational**  | Brand and stakeholder risks      | Negative publicity, social media    |
| **Technology**    | IT and cyber risks               | Cyber attacks, system failures      |
| **Human Capital** | People-related risks             | Key person, talent shortage         |
| **External**      | Environmental/external risks     | Natural disasters, geopolitical     |

## Risk Assessment Process

```
RISK ASSESSMENT STEPS:

1. RISK IDENTIFICATION
   - Environmental scanning
   - Stakeholder interviews
   - Workshop facilitation
   - Historical analysis
   - Scenario analysis

2. RISK ANALYSIS
   - Probability assessment
   - Impact assessment
   - Velocity consideration
   - Control effectiveness

3. RISK EVALUATION
   - Risk prioritization
   - Comparison to appetite
   - Aggregation analysis
   - Interdependency mapping

4. RISK RESPONSE
   - Accept (within appetite)
   - Mitigate (reduce likelihood/impact)
   - Transfer (insurance, contracts)
   - Avoid (eliminate activity)

5. MONITORING & REPORTING
   - Key Risk Indicators (KRIs)
   - Risk dashboards
   - Escalation triggers
   - Periodic reassessment
```

## Risk Heat Map

```
RISK MATRIX:

         IMPACT
         Low    Medium    High    Critical
LIKELIHOOD
Very High   3      6        9        12
High        2      4        6         9
Medium      1      2        4         6
Low         1      1        2         3

SCORING:
1-2: Accept/Monitor
3-4: Active Management
6: Senior Management Attention
9-12: Executive/Board Attention
```

## Third-Party Risk Management

### Vendor Risk Framework

```
TPRM LIFECYCLE:

1. PLANNING
   - Vendor inventory
   - Risk categorization
   - Assessment requirements

2. DUE DILIGENCE
   - Questionnaires
   - Documentation review
   - On-site assessments
   - Reference checks

3. CONTRACTING
   - Security requirements
   - SLAs
   - Audit rights
   - Termination provisions

4. ONGOING MONITORING
   - Performance tracking
   - Risk reassessment
   - Issue management

5. TERMINATION
   - Data return/destruction
   - Access revocation
   - Transition planning
```

### Vendor Risk Tiers

| Tier         | Criteria                        | Assessment              |
| ------------ | ------------------------------- | ----------------------- |

From travisjneuman/.claude, MIT.

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