Enhancing Risk and Control Self-Assessments for Actionable Risk Insights

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Enhancing Risk and Control Self-Assessments to Unlock Actionable Insights

Explore how to enhance Risk and Control Self-Assessments with a dynamic approach that ensures relevance, ownership, and actionable insight. Learn why testing controls by performance matters and how executive buy-in and prioritization help embed effective risk management in organizations.

Jun 03, 2025

Armel Massimina, Operational Risk Lead, National Bank of Kuwait (International)

Tags: Resilience

Enhancing Risk and Control Self-Assessments to Unlock Actionable Insights

The episode of Risk Leaders Connect opens with a compelling analogy of a carbon monoxide detector mishap to illustrate the pitfalls in risk management—how a control that looks perfect on paper can fail in practice if not properly tested or positioned. This personal story by Armel Massimina sets the stage for a deeper discussion on the common challenges organizations face with RCSAs, including ownership confusion, complex methodologies, lack of resourcing, and manual systems that hamper timely insight. Massimina emphasizes that RCSAs must be dynamic and frequent enough to reflect the actual control environment i

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