The Upside of Risk
The Upside of Risk: Turning Complex Burdens into Strategic Advantages for Financial Institutions
Building off research, historical examples, and the most current enterprise risk management framework, Michael Berman discusses why good risk management is not about risk avoidance but rather risk awareness, which empowers financial institutions, mortgage companies and fintechs to be prepared, protected, and positioned for opportunities.
The goal of risk management is not to eliminate risk – it is to understand it. In The Upside of Risk, Berman shows readers why risk management and strategic planning are inseparable.
“Outdated risk management is a serious challenge that many financial organisations face – and the worst part is they might not even realise it,” Berman says. “The most successful financial organisations approach risk management with curiosity and an open mind, leveraging their discoveries to make smarter decisions that support long-term strategic goals.
Berman is founder and CEO of Ncontracts, a risk management company in the financial services industry.