Featured Pathways

More pathways

Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

Ready to get started?

Featured Pathways

More pathways

Banking Essentials - Part I

This pathway will walk us through the basics of banks, starting with some of the different types and their main functions, then starting to look at the regulation faced by the banks, both before and after the Global Financial Crisis.

Greenwashing

Greenwashing is the act of distributing false information about something being more environmentally friendly than it actually is.

More pathways

Book a demo

Pricing

Ready to get started?

Plans & Membership

Our Platform

Expert led content

+1,000 expert presented, on-demand video modules

Learning analytics

Keep track of learning progress with our comprehensive data

Interactive learning

Engage with our video hotspots and knowledge check-ins

Testing & certification

Gain CPD / CPE credits and professional certification

Managed learning

Build, scale and manage your organisation’s learning

Integrations

Connect Finance Unlocked to your current platform

Featured Content

More featured content

Tackling the Cost of Living Crisis

In this video, Max discusses the cost-of-living crisis currently enveloping the UK. He examines its impact on households as well as the overall economy.

CSR and Sustainability in Financial Services

In the first video of this two-part video series, Elisa introduces us to sustainability. She begins by looking at the difference between sustainability and corporate social responsibility, two terms that can be easily confused.

More featured content

Book a demo

Pricing

Ready to get started?

Book a demo

Pricing

Ready to get started?

Board Risk Committees II

Board Risk Committees II

Natalia Nicolaidis

30 years: General Counsel

In this video, Natalia explores risk committee best practices, differing board perspectives, and what happens when it goes wrong, using a case study on Siemens.

In this video, Natalia explores risk committee best practices, differing board perspectives, and what happens when it goes wrong, using a case study on Siemens.

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Board Risk Committees II

7 mins 55 secs

Key learning objectives:

  • Outline the best practices for the Risk Committee

  • Understand differing board perspectives on risk management

Overview:

To maximise value and demonstrate risk governance, companies must integrate key risks and opportunities into their corporate strategy. The Board oversees principal risks, while senior managers from various departments identify, quantify, and assess them. Risks are evaluated using factors such as probability, impact, and preparedness. Boards must address emerging risks, climate change impacts, and geopolitical uncertainty. Risk Committees conduct deep dives into areas like macroeconomics, operational challenges, climate risk, and decarbonization to ensure effective risk oversight.

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Summary

What are best practices for Risk Committees?

To maximise value in the current business environment and demonstrate a commitment to risk governance, companies should incorporate key risks and opportunities into their corporate strategy. Senior managers from various departments, including strategic planning, finance, ESG and internal audit, risk and compliance departments, identify and assess risks based on probability, impact, and preparedness, with residual risks presented to the Board for evaluation. 

Why are there differing approaches to risk management?

Companies approach risk management differently, with some factors driving a more thorough review. These factors include new operations/geographies, emerging risks in disrupted business models, and increased analysis on climate change impact, energy volatility, and geopolitical uncertainty. Effective boards must review and update assessments accordingly.

Risk Committees oversee deep dives into material risk drivers, including the macroeconomic environment, operational challenges, climate risk, and decarbonisation. Mitigants are tested against assumptions via scenario planning. Risk oversight compares company strategy against market conditions and focuses on geographic exposure to natural disasters, evaluating available mitigants.

Subscribe to watch

Access this and all of the content on our platform by signing up for a 7-day free trial.

Natalia Nicolaidis

Natalia Nicolaidis

Natalia Nicolaidis has spent 30 years in the financial services industry, including General Counsel to Investment Banking & Capital Markets and Head of Global Risks & Controls. She has founded Dynamic Counsel Ltd, a corporate governance and risk consultancy, and has a portfolio of non-executive board roles in four listed companies. She is a founding member of the Climate Governance Initiative - Greece, an organisation that addresses climate change from the boardroom prespective.

There are no available videos from "Natalia Nicolaidis"