The Awards

The following are this year's awards categories. These categories are adjusted every year to fit the risk management community’s needs and interests.

The Risk Management Awards: this category is for achievements of risk management teams in financial institutions in internal projects or initiatives in the year under review. Submissions may be made for specific or multiple awards except for The Risk Management Award, which is an overall award chosen from submissions under all categories. The evaluation team reserves the right to re-assess the awards to be more suitable for categories other than that applied for, if deemed fit.

  • Achievement in Enterprise Risk Management
  • Achievement in Liquidity Risk Management
  • Achievement in Credit Risk Management
  • Achievement in Market Risk Management
  • Achievement in Operational Risk Management

The Risk Technology Implementation Awards: Submissions for the Risk Related Technology Awards must be made in conjunction with a technology vendor or consulting firm assisting in the project. Submissions may be made for specific or multiple awards (except The Risk Management Technology Award, which is an overall award chosen from submissions under all categories). The evaluation team reserves the right to reassess the awards to be more suitable for categories other than that applied for, if they so deem fit. The judges may decide to make an award under either the Risk Management Awards category or the Technology Awards category depending on the degree of involvement of a technology or consulting partner.

  • The Compliance Risk Technology Implementation of the Year
  • The Cyber Security Technology Implementation of the Year
  • The Risk Data and Analytics Technology Implementation of the Year
  • The Anti-Money Laundering Technology Implementation of the Year
  • The Enterprise Risk Technology Implementation of the Year
  • The Liquidity Risk Technology Implementation of the Year
  • The Operational Risk Technology Implementation of the Year
  • The Credit Risk Technology Implementation of the Year
  • The Market Risk Technology Implementation of the Year
  • The Regulatory Technology Implementation of the Year
  • The Risk Technology Implementation of the Year*

Personal Award: this is a personal award and takes into consideration the candidate’s entire career and accumulated achievements that have contributed to the prestige of the risk management profession overall. No application is necessary as the assessment is made by the researchers based on

  • The Risk Manager of the Year Award

Notes:

1. Each award above is explained in detail on the criteria page.

2. Not all awards need to be given out in any one year.

3. Submissions may be made suggesting assessment for multiple awards. In any case, the researchers and advisors will assess each submission on its own merit and decide on the categories that the submission would or should qualify for most of all. Awards may be made for multiple categories, if deemed fit.

4. Please note that we do assess the baseline risk management capability of a financial institution as a pre-qualification for this award programme. All participating institutions must satisfy the researchers that they already have robust risk management people, capabilities and cultures in place and that the submissions are for recognition of specific initiatives in the year under review. This is to weed out weak institutions that may not benefit from any one specific project or initiative. Financial institutions that do not satisfy this requirement will not have their projects assessed in this annual review.

5. The evaluation process is rigorous and transparent, and constantly improved to incorporate the latest challenges and changes in regulation. Emerging best practices are documented and published as Research Notes in the Risk and Regulation Working Group, our repository of best practices for practitioners.

6. There is no fee for participation in this programme. However, winning banks must register at least five delegates or equivalent to attend the Risk and Regulation Conference at Future of Finance, Asia Pacific or the appropriate forums we organize in the Middle East or Africa. This helps us underwrite the cost of running this programme while at the same time continue providing value to the community by the sharing of emerging trends at these forums. Attendance at the prescribed forums is a pre-requisite for recognition. Banks that participate in our forums may also request for a copy of the assessment report on their individual submission.

Related Events
 
Important Links
The Risk and Regulation Working Group
Award Winners 2017
   
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