Lee Werrell

Business Risk Analysis & Management System: a Risk Management System for Small & Medium Sized Enterprises Using Typical Office Software to Evidence Ri Lee Werrell

Publisher Marketing: Risk Management is not new and most companies have probably been exercising very thorough diligence in this discipline for some time. Unfortunately, many companies fail to report and record this accurately for third part inspection, whether by stakeholders, creditors or regulators. This main issue with a lot of small and medium sized enterprises is due to the fact that most of them were set up initially as entrepreneurial ventures. As such much of the risk management and decision making generally was conducted "on the hoof" and there was little recording of the issues, action plans or remedial actions applied. As time goes by, normal practice or process is often adopted, carried out but seldom adequately recorded. There is also generally a lack of a clear audit or paper trail and in some cases no clear evidence of any Management Information (MI). BRAMS will provide this for you as well as a defined and comprehensive list of your processes and controls within them, so that anyone could identify what, where, who, how, when and why decisions were made and what impact those decisions had, being measured, managed and recorded on an ongoing basis, without the need for expensive software or hardware, analysts or consultants to interpret the results. Once established properly, the system will show you how to monitor your risks, identify risk hotspots, observe the impact of crystalising risks and follow through the process with mitigation controls and an assessment of their effectiveness. Sample templates are provided for you to customise and edit as required, depending upon your business, industry and local laws or requirements. BRAMS is a Risk Management System for Small & Medium Sized Enterprises Using Typical Office Software to Evidence Risk Assessment & Actions Taken for First and Third Party Interrogation. There is no easier system to use than the BRAMStm system with risk assessment templates and a reporting tool that is easily editable. If you want to demonstrate your risk management system for reputation, insurance and even regulatory needs, quickly manage all your operational risks, or even if you just want suite of risk assessment templates designed to help you provide a complete package of demonstrable results of risk assessments, then this is the most important book you'll buy all year! Here's why... Implementing the BRAMStm system will provide supporting strategic and business planning; reassurance for all stakeholders; helping focus compliance programme; increase operational stability and potentially reduce your insurance premium and maintain your organisation's reputation and image! Contributor Bio:  Werrell, Lee Lee Werrell is a compliance professional with over 26 years' experience in the financial services industry, including roles at board and senior executive level for a bank, distribution channels including a major IFA. Lee has also advised numerous businesses on Financial Services Authority regulatory issues and developments including how to modify and adapt their strategy and procedures accordingly. Specifically working in remedial actions and new banking applications, as well as audit and risk management, the variety and challenge of the changing regulatory landscape keeps him busy. Author of many technical and personal development books, a simple search on Amazon or Smashwords will provide access to his material. Although the "Compliance Manager's Guidebook & Reference" EBook has been selling well, this has recently been published as a paperback and has proven to be a popular reference source for Compliance Officer's and Manager's alike. With a range of expertise provided to FTSE 100 institutions and a variety of banks and retail operations, working with governance, risk and compliance functions and has been appointed as a skilled person by the FSA in 2012, the UK's previous regulator (now superseded by the FCA). Lee is Chartered Fellow of the Chartered Institute for Securities & Investment (holder of the Diploma in Investment Compliance) and one of the first members of the CISI to achieve chartered status. Additionally he is a Fellow of the Institute for Sales & Marketing Management. He is also a public speaker and talks on compliance and regulatory related issues as well as Social Media within Financial Services.