Five Steps of the Risk Management Process

Posted on January 21, 2020Categories General   Leave a comment on Five Steps of the Risk Management Process



What is risk management?

Risk management is the identification, evaluation, and prioritization of risks followed by coordinated and economical application of resources to minimize, monitor, and control the probability or impact of unfortunate events or to maximize the realization of opportunity.


Why is risk management important?

Risk management is important because it tells businesses about the threats in their environment and allows them to be prepared for them. In the absence of risk management, businesses would be blindsided by risks and face heavy losses.


Risk can come from both internal and external sources. The external risks are those that are not in direct control of the management. These include political issues, exchange rates, interest rates, and so on. Internal risks include non-compliance or information breaches, among several others.


Here is an example of how a manufacturing company adopted a risk management company to manage their risks and saved their 5 Million euros. Different factory units need regular maintenance. During the maintenance work the production has to be shut down, which causes a reduction fall in the company’s income and profit. Szigma Services Ltd. was handed over the risk management process. Szigma services analyzed the risks that the manufacturing company was facing and provided them with solutions accordingly. After implementing the solutions the manufacturing company saw the difference in their production units and also the reduction in losses.


What is the risk management process?

The risk management process is a portfolio of the actions that need to be taken. There are five basic steps that are taken to manage the risk. It begins with identifying risks, goes on to analyze risks, then it is prioritized, a solution is implemented and finally the risk is monitored.


Step 1: Identify the Risk


The primary first step is to identify the risk in the business environment. There are a number of risks – legal risks, environmental risks, political risk and many more. It is very important for an organization to identify as many risk as possible. Being able to identify what types of risks you have is vital for every business organization.


An organization can identify their risks through experience and internal history, consulting with industry professionals and external research. Many companies have now hired risk management professionals to identify the risks for them.



Step 2: Analyze the risk


Once the risk has been identified it needs to be analyzed. It is important to understand the link between different factors of the business and the risk itself. To determine the threat of the risk it is important to figure out how many business functions are affected by the risk. Sometimes a risk is so vital that it can bring a whole organization down, whereas some risks may not even affect the organization.


When a risk management solution is implemented the first basic step is to place the risk according to different documents and business processes. This means that the system will already have a method which will identify the risks and their impact.


Step 3: Evaluate or rank the risk


After the analysis it is important to rank and prioritize the risks. Every risk management solution has different categories of risk depending upon the damage to be caused by the risk. A risk that may cause little inconvenience is ranked as a low-level risk whereas risks that can cause tremendous loss are rated high-level. It is important to rank risks as it will help get a better view as which risk is to be handled closely. Certain low-level risks can be managed by minor changes whereas the high-level risks need good thinking and proper implementation of solutions.


Step 4: Treat the risk


The most important step after analyzing the risk is to eliminate or contain the risk. This is done by connecting with the experts of the fields in which the risk exists. In a risk management solution all the major stake holders are sent notification about the risks. The discussion regarding the risk and its possible solution must be discussed with the stakeholder and acted upon accordingly. The upper management must follow up with the stakeholder after suggesting the solution.


Step 5: Monitor and review the risk


The final step is to review the risk. All the risks cannot be eliminated, some risks are always there in the organization. Environmental and legal risks are just two examples of risks that always need to be evaluated. The risk management system evaluates every risk of the organization and any change in the risk is notified to everyone.


BSE Institute’s Executive Program in Risk Management is a course designed to give you thorough knowledge about risk management. Risk management is vital for every organization as one risk left unidentified can bring down the whole organization like a house of cards. Managers who are finding ways to jump up the ladder can stop looking as this course is just the right step for them to boost their career. Join now!




Japoneses Dating Site For Foreigners

Posted on January 15, 2020Categories Uncategorized   Leave a comment on Japoneses Dating Site For Foreigners

If you are looking to get a Japanese dating internet site for and also the and are hoping to meet an individual, then you certainly have come to the right place. You don’t have to worry about becoming scammed by simply someone that includes little or no knowledge in getting together with foreigners. All you have you need to do is see the different services that you can get and find the one which fits your preferences. By knowing the different things that you could expect coming from a Western dating web page for foreigners, you will be able to ensure you are getting the things you need.

One of the first things that you should know is that there are a lot of options when it comes to dating in Japan. You will be able to satisfy many different types of people in the city including business males and females, young students, celebrities and more. These are just some of the reasons that it is important that you consider signing up for a Japanese going out with site. You may sign up for a totally free account and check out all of the varied websites that are available.

After you have observed one that works with your needs, you will need to decide which type of Japanese internet dating site just for foreign people you want to use. There are sites that allow you to search through Japan dating companies. You will be able to send messages or perhaps meet with these types of Japanese people in person to make sure that you are getting the best results practical.

Another option that is very well liked is online dating sites. This is where you can get a Japanese person and set up a meeting inside a matter of minutes. You will be able to look for someone that lives within the country or that you are compatible with, so this is an excellent way to satisfy new people in a safe approach.

The last kind of site may be the free site. These sites usually are not as popular since the paid out ones and can have limited information, but this is also a safe way to meet someone and definitely will give you the possibility to choose whom you want to talk with.

When you find a good type of Japoneses dating site for foreign people, then you might manage to meet new people and start the relationship. Additionally, you will be able to keep close track of your click to investigate profile and get a truly feel for how i think online before you make any major decisions.

Investments – Spend some today, earn more tomorrow!

Posted on January 7, 2020Categories General   Leave a comment on Investments – Spend some today, earn more tomorrow!

Being a good investor is all about education. The more you learn the better you get. There are a large number of investment options but not all of them are good for any one person. It varies from individual to individual according to their goals and risk taking ability.


Investing is putting money to work. You can invest in an underlying security which puts those funds to work, with the goal to generate profits over time.


Here’s an example of an individual who started investing at the age of 77 and how he built a fortune in just 12 years. The money he invested has reached a number where his invested income was more than the income he earned in his entire life. The gentleman worked for the Central Government of India and retired with a two bedroom flat. His portfolio of investments included some investments in the stock market. He invested in markets when they were 2,600. They compounded his money at a rate of 13% per annum. The markets have now grown to 11,000 points over a 12 year mark. If he had invested Rs. 10,00,000 then after 12 years the amount he received was Rs.43,34,523.


Most investors implement strategies to minimize risks and losses. However, they may formulate the strategy in such a way that it can result in no risk at all. Putting all your money only in low-risk instruments can have guaranteed returns, but those returns may not be enough to meet your financial goals on time. If you’re wondering which instruments could best complement your low-risk investments, here are a few options you might find helpful :


  1. Equity mutual funds SIP

Investopedia defines mutual funds as a financial vehicle made up of a pool of money collected from many investors to invest in securities like stocks, bonds, money market instruments and other assets. Equity mutual funds are one of the easiest ways to earn a better return on investment (ROI). They are managed by qualified asset managers who focus on securing huge returns while minimizing the risk. The easiest way to invest in an equity fund is with a Systematic Investment Plan (SIP) – which lets you put in easy monthly installments.


  1. Direct equity investments

Investing directly in stocks is risky but can give you outstanding returns if you select the right stock and have proper knowledge about the stock market. For direct equity investments, you need skills like fundamental analysis, technical analysis and you also need to stay updated with the latest market trends and news. Invest directly into equities only if you have a high risk appetite and the necessary skills.


  1. Unit linked plans (ULIPs)

Wikipedia defines ULIPs as a product offered by insurance companies that, unlike a pure insurance policy gives investors both insurance and investment under a single integrated plan.Unit Linked Plans (ULIPs) are managed by professionally skilled managers from insurance companies. ULIPs allow you to switch between equity and debt assets. Apart from ROI, they provide insurance cover as per the applicable policy terms. ULIPs come with a lock-in period of five years.


  1. Real Estate

Real estate is a versatile investment tool for long-term investments. It offers rental income as well as capital gains benefits apart from providing you a roof over your head. Home loan repayments also offer several tax benefits under laws. To invest in real estate, you need a long-term investment approach and the stomach to stand by market fluctuations.


  1. National pension scheme (NPS)

If your investment view is for a very long-term (more than 5 years) and you are also looking for annuity income after retirement, NPS can be an excellent option. It allows you to switch investments between debt and equity assets. The scheme encourages people to invest in a pension account at regular intervals during the time of their employment. After retirement, the subscribers can take out a certain percentage of the fund. As an NPS account holder, you will receive the remaining amount as a monthly pension post your retirement.


While increasing your exposure to high risk investments, it’s important to diversify your investments across various instruments to reduce the overall risk. You need to keep a beady eye on your investments and its growth. If an investment is about to make losses then you might want to cut if off rather than bear the loss. However, investing your money properly can help you achieve your financial goals.


BSEInstitute’s GFMP Financial Markets Program is designed to help young students grasp the intricacies of finance faster. The course is specially designed with a 4 month structure to allow students to understand the nitty gritties of finance and get placed right after college. It will help the student gain an in-depth knowledge about investments and other financial activities. This will also help students invest their money better and get better returns. Be an investment expert in just 4 months. Join now!





Senior finance jobs to be wiped out by AI

Posted on January 7, 2020Categories General   Leave a comment on Senior finance jobs to be wiped out by AI

Rapid change and growth in technology has resulted in the increasing use of robots in all sectors. Robots have replaced a lot of jobs on Wall street and now they are coming for higher ups in the finance sector. The increase in the use of technology and the manner in which we depend on it has made this happen. The speed and the precision with which a robot can function is far better than that of a human. Additionally – it can work for 24 hours a day, 7 days a week without any lunch and salary.


Financial Technology (Fintech) is basically any new technology which is used to manage and improve the financial tasks of an organization. Fintech helps business owners and consumers manage their task efficiently, work faster and save time by using specialized software.


The best example is Robo Advisory and Stock Trading Apps. Robo Advisors have disrupted the asset management sector by providing algorithm based recommendations and portfolio management services that have increased efficiency and lowered costs. Before stock trading apps, a trader had to go directly to a stock exchange like BSE & NASDAQ to buy and sell stocks. However, now they can buy and sell stocks with the tap of a finger.


Artificial Intelligence (AI) is a collection of advanced technologies that allows the machines to sense, comprehend, act and learn. It is set to transform businesses by changing the way they run, compete and thrive. These technologies will eventually help reduce costs, improve productivity and create growth opportunities.


According to the testimony of Marcos Lopez DE Prado, a Cornell University professor and the former head of machine learning at AQR capital Management LLC, the execution traders’ jobs have been automated. The people who model prices and risk or build investment portfolios have been displaced due to algorithms which can do the same in a short period of time.


Lopez DE Prado stated that due to the increase in financial learning a large number of people are going to lose jobs. This is not because they are being replaced by machines but because they have never been trained to work alongside an algorithm.


The main issue here is that people have been using their own ways to manage their finances rather than using a specific algorithm. The adaption may take time but a robot is pre-designed to work according to the algorithms.


Kirsten Wegner, chief executive officer, Modern Market Initiative states that with the change in AI it is vital for the financial regulators to have the funding, technological capacity and access to AI to be strong and effective.


With algorithms being adopted, the main problem a company faces is the number of changes it has to make in order to automate work. The two main problems it faces are the financial investment and the technological adaptations needed.


Martin Rejsjo, head of NASDAQ Surveillance North America Equities claims that NASDAQ runs more than 40 different algorithms, using about 35000 parameters to look for market abuse and manipulation in real time. The rapid growth in market data is a significant challenge for surveillance professionals as market abuse attempts have been increasing and it is difficult for surveillance teams to find them.


NASDAQ has developed algorithms to identify cases. Similarly there are algorithms for every financial service being offered by different companies. They are designed in a way to work faster and provide better results than a human being.


Rebecca Fender, Senior Director, CFA institute states that in future around 43% of the CFA members expect their roles to change. It is most likely to happen because of better algorithms, which indicate trades that are more likely to make profits.


Thus, there are many new developments in technology which give better corporate results. In future, these algorithms are going to be more efficient than human beings themselves and might replace them eventually.


BSE Institute’s GFMP Edge Fintech Professional Program provides an in-depth knowledge about the latest new trends in Fintech. Our 4 month course will help students be conversant with this brand new technology. Fintech is the future for every industry imaginable. Be a part of this rapidly evolving future and give a boost to your career by joining now!


Going out with Hot Russian Women — Dispelling the Myths

Posted on January 1, 2020Categories Uncategorized   Leave a comment on Going out with Hot Russian Women — Dispelling the Myths

Dating Russian women can be quite a lot of entertaining, although there are some disadvantages. Many people are not familiar with the way of life and track record of Russian women, as well as for that reason they have an image within their minds as being cold and distant. During your stay on island is certainly some truth to these stereotypes, the truth is that you have thousands of Russian women living in north america. Most of them act on menial jobs, in support of have one or maybe more hours per week free from residence. If you are serious about finding the right female, you need to take into consideration these elements:

For anyone who is interested in learning more regarding the lives of Russian women, will probably be helpful to learn about their traditions. This will help you determine whether you would prefer a Russian bride or a Russian partner. One way to identify is by looking towards the country’s ethnic background. You will find that most Russian females are extremely feminine. Their apparel and make-up are very interesting, and they usually wear earrings that has a classic, elegant seem. Many women also choose to don fur apparel during the chillier months. Unsurprisingly, these women of all ages have the same basic needs as any other girl, and they attire accordingly.

One of the most common myths that surrounds Russian women is that they are too arranged. If this is the impression of Russian women of why russian girls are so hot all ages, it may be because you have been encountered with the detrimental stereotypes. the one we learnt. Some of the time, when folks think of Russian women they automatically think about a mother or sibling. The simple truth is that women from this country are open and friendly to everyone, including guys.

The Russian woman is fabulous. In fact , a lot of Russian women find their very own looks hence attractive that they choose to get surgery. While the typical Russian girl may not appearance much like a Hollywood supermodel, there are many Russian models and actresses that contain made their particular names through this industry. Because that they don’t have excellent figures wouldn’t mean they are really not exquisite. Many of these types and actresses will be beautiful, just not as in a natural way beautiful seeing that Hollywood’s versions. Just because a model or celebrity doesn’t seem like an celebrity or unit does not mean that she aren’t make you fall in love with her.

The Russian ladies that time American men are more likely to time in the relationship for a long time of time. Even though many American males do not consider this for being good, a large number of Russian women find that their very own Russian husband is cheerful and dedicated. They know that if they might be loyal and faithful, the husbands usually tend to remain loyal to these people for a prolonged time. If your relationship ends up heading bad, you must understand that it is normal and that your gentleman probably did not want a romantic relationship with somebody who could leave him at the drop of any hat.

So , while the “good news” may appear discouraging, the truth is that there is lots of opportunity for going out with Russian ladies. If you have the proper motivation and skills, you can find the lady of your dreams.