Risk Maturity Models: How to Assess Risk Management Effectiveness

This book offers a practical solution for every organization that needs to monitor the effectiveness of their risk management. Written by a practising chief risk officer, Risk Maturity Models enables you to build confidence in your organization's risk management process through a tailored risk maturity model that lends itself to benchmarking. This is a management tool that is easy to design, practical and powerful, which can baseline and self-improve the maturity capabilities needed to deliver ERM benefits over time. This book guides the reader through comparing and tailoring a wealth of existing models, methods and reference standards and codes (such as ISO 31000 and COSO ERM). Covering 60 risk-related maturity models in clear comparison format, it helps risk professionals to select the approach best suited to their circumstances, and even design their own model.

Risk Maturity Models provides focused messages for the risk management function, the internal audit function, and the Board. Combining proven practice and insight with realistic practitioner scenarios, this is essential reading for every risk, project, audit and board professional who wants to move their organization up the risk maturity curve.

Domenic Antonucci is a practising chief risk officer and a senior risk governance and compliance specialist. An Australian expatriate based in Dubai UAE, Domenic specialises in bringing organisations 'up the risk maturity curve' and building risk practitioner tools for implementing ERM, ISO 31000 and COSO ERM. Formerly with Marsh Risk Consulting, Shell and Red Cross, he enjoys over 30 years' experience in risk, corporate strategic planning and business management across many sectors in Europe, Africa, Middle East, Asia and Australia-Pacific.

A regular international conference presenter and author, Domenic Antonucci is the content author for various risk maturity model software releases. These include Benchmarker™ risk maturity model, the first tool to self-assess risk management effectiveness through a set of capabilities expected to be delivered by a risk chief, and cross-walked to both ISO 31000 and COSO ERM. His book Risk Maturity Models (published by Kogan Page) is the first to focus on this important topic.