The future of bank risk management - McKinsey Working Papers on Risk
http://www.mckinsey.com/~/media/mckinsey/business%20functions/risk/our%20insights/the%20future%20of%20bank%20risk%20management/the%20future%20of%20bank%20risk%20management%20full%20report.ashx

Banks have made dramatic changes to risk management in the past decade—and the pace of change shows no signs of slowing. Here are five initiatives to help them stay ahead.

1. Digitize core risk processes, trending to less and less manual interventions, by providing suggestions to business lines.
2. Experiment with advanced analytics and machine learning to better risk decisions.
3. Enhance risk reporting by replacing paper-based reports with an interactive tablet solution.
4. Collaborate for balance-sheet optimization via generation of scenarios.
5. Put the enablers in place that will convert data insights into business actions.

Download the full report on which this article is based, The future of bank risk management (PDF–7.55MB).