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But as time goes on, companies are going to continue to invest in technology, as well as in AI governance, security, and riskmanagement. While they won’t eliminate all security incidents, they will be able to get their riskmanagement controls to a place where they protect themselves to the fullest extent possible.”
The dual nature of AI in riskmanagement AI is heralded as one of the most significant innovations of our time, offering both immense potential benefits and considerable risks. Therefore, CFOs must ensure that their organisations are equipped with AI-driven cybersecurity solutions to mitigate risks effectively."
ET Unlocking Business Value Through CBAM Compliance Presented by studioID and SAP 26 JUN Webinar | 2 p.m. ET Risky Business: Navigating Policy and Compliance Turbulence Presented by ESG Dive and CFO Dive 17 JUL Webinar | 2 p.m. You can unsubscribe at anytime. Registered in England and Wales. TechTarget, Inc.s Newton, MA 02466.
The Key to Effective RiskManagement in Business with Chris Weeks, CFO Center UK In the latest CFO Club podcast, we had the pleasure of hosting Chris Weeks from CFO Center UK. Chris shared invaluable insights into effective riskmanagement strategies and how businesses can better prepare for uncertainty.
Huruda de Castro Malungane : ESG, Ethical Leadership, and Breaking the Isolation in Africa In a captivating episode of CFO Club Conversations , Leana van der Merwe speaks with Dr. Huruda D’Castro Malungane, an extraordinary leader at the intersection of finance, governance, risk, and human capital.
Deep Dive Opinion Library Events Press Releases Topics Subscribe Search Subscribe Search Strategy & Operations Financial Reporting Compliance Technology Treasury RiskManagementLeadership An article from Dive Brief Netflix taps Airbnb CFO Mertz for board The Airbnb executive previously served in various finance roles at Netflix.
Ethical Leadership Because Orange Jumpsuits Are Not a Good Look In todays business world, ethics play a crucial role in corporate leadership. Ethical leadership is more than just following rules; it is about making decisions that are fair, transparent, and responsible. What is Ethical Leadership?
Recognizing the need to enhance my managerial capabilities, I pursued a Postgraduate Diploma in Management, which equipped me with essential leadership skills. First and foremost is financial acumen—understanding financial reporting, budgeting, forecasting, and compliance is foundational.
Source: Data collected during the FutureCFO Conference series in 2024, Cxociety Research Coming into 2025, as finance leaders face mounting pressure to do more with less while driving growth and maintaining compliance, they are turning to digital solutions and holistic approaches to reshape and modernise financial processes.
You have a riskmanagement problem. Trying to combine this role with the CFO function often fails because bookkeeping is structured and rule-bound , while financial leadership requires a more strategic, creative, and big-picture thinker. You have a decision-making problem. Its rare for one person to excel at both.
Members’ Profile: Rofhiwa Irene Singo In this edition of our CFO Spotlight series, we are featuring Rofhiwa Irene Singo, an accomplished finance leader whose journey is a testament to resilience, adaptability, and impactful leadership. Share your favorite leadership lesson.
On the other hand, she opines that ESG can be looked at as a framework used to evaluate enterprise performance and potential risks based on its environmental, social, and governance practices. “It Key stakeholders from an ESG perspective would be the chief financial officer and the chief compliance officer,” she adds.
The CFO must lead the effort to close it, both through financial rigour and ethical leadership. Enhancing Internal Controls and RiskManagement A scandal often reveals weaknesses in internal controls. It requires consistent leadership, appropriate systems, and aligned incentives. A scandal creates a credibility gap.
He opines that ESG topics have become one of the first agendas in Board/leadership meetings within organisations due to the evolving regulatory landscape. This can be part of an organisation’s enterprise riskmanagement practice incorporating every variable to decide how to move forward with any venture or project.
What Every CFO Should Know to Protect the Business (and Their Career) You dont need to be an actuary or compliance expert to understand risk. Riskmanagement isnt a luxury, its a core leadership function. Response Tactics: Dont Just PlanDecide Once youve mapped your major risks, its time to make decisions.
These services include general and operational accounting, financial planning and audit, governance, risk and compliance, transactional transformation, IT and business intelligence solutions, and outsourced accounting and interim management solutions. His leadership team includes CFO Thomas (T.J.)
To truly understand and manage credit risk today, modern companies must look beyond the basics and leverage new technologies, alternative data, and broader information sources. They must navigate a web of challenges ranging from cyber threats and regulatory compliance to the intricacies of global supply chains.
Currently serving as Head of Finance, HR and Acting RiskManagement at Liberty Health , Dr Huruda plays a critical role in finance operations, corporate governance, board advisory, and integrated risk frameworks. In 2024, I implemented a governance framework that enhanced compliance by 25% and increased board engagement by 40%.
They should also invest in developing their soft skills , such as communication, leadership, and decision-making. Cultivate soft skills : Focus on developing communication, leadership, and decision-making skills. Embracing the future The future of finance is bright, but it requires a willingness to adapt and embrace change.
Key Financial Readiness Considerations To prepare for the scrutiny of public markets, leadership teams must assess their ability to: Generate SEC-compliant financial statements within required timelines. Maintain compliance with ongoing disclosure and transparency requirements. Produce comprehensive board-ready financial reports.
As the role of the finance leader evolves beyond compliance and control, strategic decision-making increasingly relies on the intelligent use of data. Timely, granular data allows finance leaders to spot emerging risks earlyfrom liquidity pressures and supply chain disruption to reputational issues or compliance red flags.
When it comes to managing your organization’s workforce, you have two primary options: traditional payroll services or a Professional Employer Organization (PEO). No matter which direction you end up going, its crucial to understand the importance of payroll compliance.
This AI-first approach enables us to optimize operations significantly, enhance predictive capabilities to stay ahead of market shifts, accelerate growth trajectories, and strengthen riskmanagement frameworks, including compliance, ensuring our clients remain resilient in an evolving financial landscape.
Benjamin Soh, founder and managing director at Singapore-based ESG data and technology company ESGpedia , believes finance leaders are well-positioned to drive both sustainable growth and cost efficiency, given their oversight of financial strategy, riskmanagement, and capital allocation.
This must be done by working with riskmanagement and compliance with legal teams in a bank. Effective data governance protects data integrity, privacy, and security and ensures compliance with laws and regulations. AI governance requires human oversight to ensure fairness, accuracy, and compliance with standards.
She further suggests the importance of setting up objectives that encompass cost efficiency, standardisation, enhanced compliance, talent optimisation, and readiness for automation and AI integration. A proactive approach to riskmanagement, coupled with established compliance protocols, will safeguard organisational integrity.
The role of the Chief Financial Officer (CFO) has undoubtedly moved outside the traditional accounting function and into a strategic leadership position. This includes implementing AI-enabled riskmanagement, providing real-time anomaly detection, fraud prevention, and enhanced decision-making insights within process workflows," he continues.
But NBKs strong balance sheet, diversified revenue streams, and prudent riskmanagement help us navigate volatility while maintaining resilience. For example, the Bankee Program integrates financial literacy into educational curricula, empowering students with the tools to understand the fundamentals of money management.
Operational Accounting vs Compliance Accounting One useful way to sort out the accounting landscape is to consider the differences between "operational" and "compliance" accounting responsibilities. Compliance Accounting is more focused on areas such as revenue recognition, closing processes, disclosure reporting, ESG compliance, etc.
I was in my early thirties, and with that comes many challenges,” Claudene Pillay CFO of The Institute of RiskManagement (IRM), told the CFO Club Podcast. “As As a young person going into a leadership role, you suddenly have a huge amount of boardroom exposure. You sit there, and you’re the youngest person at the table.”
To succeed, treasury leaders must enhance riskmanagement, optimise capital structures, and develop talent with new skills to sustain resilience and seize growth prospects. Kamra highlights fintech innovations that enable real-time payments, automated reconciliation, and predictive analytics for dynamic riskmanagement.
Some 41% of finance teams have issues Identifying and correcting errors, 31% have problems finding and gathering necessary data, 24% have challenging questions on sources of data, 23% face challenges tracking multiple Excel versions, 20% have a bugbear of broken formulas, 19% are far from confident presenting this data to non-finance leadership.
He categorises these investments into "Run the bank," which focuses on maintaining day-to-day operations and regulatory compliance, and "Change the bank," which involves transformational initiatives. Compliance with these regulations is becoming increasingly complex, necessitating more rigorous governance and riskmanagement practices.
However, in today’s business environment, stakeholders are increasingly looking to boards and senior management to better manage strategic, regulatory, and other risks – while they make decisions that impact performance. Gallagher, and Renee Yozzi, Director, Strategic and Enterprise RiskManagement at Benjamin Moore & Co.
One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. Treasury and RiskManagement (TRM). Asset Accounting (FI-AA). Controlling (CO). Inventory Accounting (MM and ML).
The regulatory dimension adds layers of compliance requirements, making AI implementation more cautious and deliberate. Murtaza Rangwala “Given the high-value nature of our decisions, particularly around riskmanagement and capital allocation, the precision and reliability of outputs from FP&A systems are absolutely critical."
Among the many great topics on the agenda at the Argyle CFO Leadership Forum in Dallas was a session titled “Managing and Minimizing Enterprise Risk.” Another panelist highlighted their investment in inventory, as well as managing growth in the business. How does incentive compensation play into riskmanagement?
AI driven automation is expected to extend to more complex tasks such as, audits, riskmanagement, and financial planning and analysis. Training, like CFO.University’s Introduction to RiskManagement , and awareness programs will also become crucial to help employees understand how to use these AI tools responsibly and effectively.
Digital transformation: Digital tools can help support expansion, including systems that provide real-time and other payments across geographies, streamline cross-border compliance and protect businesses from fraud and cybercriminals across global jurisdictions. The company serves approximately 56 million U.S.
She is driven to deepen her expertise in digitalization, AI, and machine learning , applying them to improve financial wellness and business efficiency and aims for international leadership roles that contribute to the economic development of Africa and values cross-disciplinary collaborations for impactful projects.
Many have since advanced to intelligent process automation (IPA) — RPA amplified with artificial intelligence (AI) — to streamline and improve more complex work, from tax and compliance reporting to financial statement reconciliation. The post Preparing Your Finance Organization for the New Era of AI first appeared on CFO Leadership.
For the commercial banking sector, continuous innovation, strong product development and customer service, and effective riskmanagement are just some of the critical elements necessary to sustain and grow a franchise.
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