Risk Officers

Why is risk so difficult to talk about?

“Risk mitigation is painful, not a natural act for humans to perform”

- Gentry Lee, Chief Engineer at Jet Propulsion Laboratory (JPL), NASA

Few enjoy talking about risk, in fact, many organizational cultures inhibit team behavior to discuss risk and failure honestly- making the profession of risk officer that much more difficult.  Nowigence helps take control of these conversations by scouring through 60k sources to identify hidden risks, emerging patterns, potential solutions and presents them in an easy-to-read, unbiased manner.   

 

When aligning an organization’s growth strategies and risk management principles, having a dynamic, unbiased, visually pleasing display of various risk controls can be a crucial factor.  Making risk management a daily updating practices allows for trends to be identified over time, revealing the story of your market's direction. 

 

With our dynamic risk management tool, we help risk officers:

  • Assess risk throughout the organization on a daily updating basis
  • Quantify external risk elements to make them as measurable as financial risks
  • Perform due diligence when directing capital to various projects
  • Create dynamic risk assessment reports
  • Construct risk profiles across the enterprise ecosystem
  • Monitor critical risk trends and patterns through all phases of the business

Features:

  • We identify risks and label them into 12 distinct categories
  • Dynamic risk profiles across the enterprise
  • Dynamic automated reports at the click of a button
  • Company-wide platform to share items across team members
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Benefits:

  • Trends over time say more than data points
  • Support audits with traceable external risks
  • Daily updating application assisting in day-to-day tasks
  • Easier methods of communicating risk to different teams
  • Further align with Strategy/Growth teams
  • Efficiently track and trend existing and emerging risks in real time
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