The Riskability Roadmap -
Understand the connection between processes like risk assessment to risk evaluation, as well as which other issues need to be addressed to build a concrete EGRCM platform. Learn how to assess the implementation challenges.
Building the EGRCM Plan & Implementation Challenges
Date – Tuesday, September 7, 2010
Time – 8 AM Pacific to 9:30 AM Pacific
Duration – 90 Minutes
The 2 most important processes for understanding EGRCM plan and the associated implementation challenges are risk assessment and risk evaluation.
In this webinar we will review a risk quantification exercise that starts from the board level and that filters through the management and officers. Qualitative techniques are relevant when insufficient data is available for the quantification exercise. Quantitative techniques depend primarily on the type of industry and organization. A few benchmarking techniques will be discussed based on the assumption that if a risk cannot be materially quantified, the risk does still exist.
General and International Governance issues and activities will also be rated and prioritized with a special focus on The Walker Review and its impact to the financial services industry.
After the Risk assessment exercise, the Risk evaluation phase will be examined. Significant Risks based on materiality in financial reporting are addressed in several compliance activities. Therefore additional effort will be placed on evaluating the assessed risks and by prioritizing the assessed risks. Later each risk will be subject to a risk tolerance review based on the risk appetite.
It is vital that an important part of the risk evaluation procedure focuses on defining risk tolerance based on risk appetite.
Areas covered in the webinar
- Risk management benchmarking – a starting point
- EGRCM design principles (objectives, scope & outcomes, accountability, transparency, approvals, documentation etc).
- Aligning EGRCM to the operating environment. What are the implementation issues, challenges related to awareness, education, capabilities, competencies, design, development, etc.
- New & emerging risk management challenges
- Embedding EGRCM throughout the organization & culture
- Measuring, managing & reporting your own performance
Who should attend?
- Governance, Risk, Compliance (GRC) staff
- CFO, Treasurers,
- Chief Risk Officers
- Chief Legal Counsel,
- Chief Compliance Officer
- VPs of Risk Management, VP of Finance, Controllers
- Director, Internal audit
- Director, Operational Risk
- Manager, Enterprise Risk Management
- Risk analysts
- IT governance directors/managers
- IT risk directors/managers
- IT compliance directors/managers
- IT Audit directors/managers
- Information security directors/managers
GRC and IT directors/Consultants involved in following areas- Audit, Compliance, Governance, Risk management, Sarbanes Oxley (SOX), Ethics, Regulatory, Legal, Governmental affairs, IT, Accounting, Finance, Reliability, Quality assurance