Topics | Pronovea Non Financial Risk Management 2023

Topic Highlights

Possibilities and potential difficulties in Machine Learning (ML) and Artificial Intelligence (AI).
Traditional cybersecurity frameworks and playbooks rendered obsolete by the data landscape changes in the last decade.
ESG integration into existing risk management and governance frameworks.
Third party risk management (TPRM) and the board relationship: establishing a strategic partnership.
How can banks effectively calibrate parameters on a continuous basis to detect more complex fraudulent activity?
What does good practice with respect to a culture change & conduct management look like?

What’s needed to identify and mitigate risks that could significantly impact a company's reputation, operations, and stakeholders, is a holistic approach to non-financial risk management, considering the interconnected, multi-tiered nature of risks and the way their relationships change at speed. These risks range from operational failures and cybersecurity breaches to compliance violations and environmental harm. Through a robust NFR management framework, companies can proactively address potential risks and protect their brand value, while achieving sustainable growth. With NFR management, organizations can enhance their resilience and navigate the challenges of today's rapidly changing business environment with professionalism and expertise.