Why the blog is of interest:

Risk management is a multidimensional and increasingly global discipline, and Microsoft’s Sai Sireesh is particularly well suited to shine a light on its manifold aspects.

Fortunately for his readers, that’s exactly what Sai is accomplishing in a blog first launched in April of this year on the PRMIA (Professional Risk Managers' International Association) Web site.

“Sleepless in Seattle, I start this blog to share, discuss and most importantly learn about the New Frontiers in Risk & Compliance,” wrote Sai, who serves as the global lead for Microsoft’s Risk Management & Compliance Solutions.

In keeping with his title, the Microsoft executive addresses these frontiers with a decidedly international flair, whether he’s talking about regulatory climates in the US and Australia or forays into online virtual worlds by banks and insurance providers in northern Europe.

“As more and more financial institutions get creative about reaching out to the youth market by establishing presence in 3D virtual worlds, it is going to be interesting as to how the traditional risk management practices will evolve to keep up with this new online presence and associated risks,” he observed in one blog entry, penned in June.

Sai then proceeded to outline the virtual world activities of organizations ranging from banks in Germany and the Netherlands to the Belgian financial services group Fortis and a UK-based financial concern known as the Yorkshire Building Society.

Subsequently, in a pair of entries in July, Sai turned to the topic of Basel II, juxtaposing the progress of initiatives in the US against those in Australia.

Blogging from Barcelona during October, just before a Risk Management and Excel Bootcamp in that Spanish city, he jotted down his thoughts about European risk management practices related to transparency and risk control.

“These are expected to have wide ranging implications for the markets guidelines and the rest of the world, too,” predicted the Microsoft risk management specialist.

Sai explains that, on the whole, he’s focusing on ten different areas in his “New Frontiers in Risk Management & Compliance” blog: Risk Visualization; Next Generation Risk & Compliance Architectures; Risk Pricing Clusters; Risk & Compliance Taxonomy; Pan Regional Risk Data Grids; Digital Assets Management; Cross Industry Risk Management Practices; Incubating Centers of Risk Management Excellence and Practices; Risk Management Career Options; and Embedding Risk Management and Compliance in Organizational DNA.

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