Pre-Summit Workshops
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| Morning Workshop “A” |
| Creating a GRC Initiative with a 3-Pronged Approach: R&D; Governance & Policy Management; E-GRC Management & Reporting A successful GRC initiative provides a framework that ensures that policies and controls, written by many individuals in many departments and/or jurisdictions, work together rather than in conflict and without duplication of work of function. Such a program improves workflow, allowing an organization to take specific actions and programs that mitigate risk and improve compliance. An effective GRC program demands that businesses understand and stay up-to-date on: 1) evolving requirements 2) establishing a common definition of policies, processes, risks, controls, and related issues 3) assigning accountability; and share information in real time. This can all be achieved through a 3-pronged approach that identifies and focuses on R&D, Governance & Policy Manager and E-GRC management & Reporting. This structured workshop will demonstrate how to create just such an initiative within your organization. |
| Morning Workshop “B” |
| Financial Regulatory Reform: Strategies for Meeting Stringent Compliance Requirements & Mitigating Risk As we are all aware, a new global financial regulatory framework is upon us and new aspects of that framework are on the horizon. Implementing a strategy that ensures that your GRC program will meet new stringent compliance requirements while mitigating risk is essential. This workshop will address: |
| Afternoon Workshop “C” |
| Modern ERM The global financial crisis has revealed the need for a paradigm shift in risk management practices. There is now a greater perceived need for a risk management framework that focuses on the risks that matter rather than the minutiae that consume so much time, energy and resources. A viable ERM framework must be associated with tangible business objectives. However, common practices in ERM currently represent a mix of disparate, silo-based tasks designed primarily to comply with regulatory, rating agency and/or audit requirements. These tasks generally include traditional RCSA, the tracking of open audit issues and key risk indicators, process mapping, collecting loss data and measuring risk capital. In recent years, a new approach to managing enterprise risk has been introduced. This new approach is called Modern ERM. Modern ERM is a top-down approach, which focuses first on the major risks within a comprehensive and mutually exclusive risk architecture and drills down only in those risk areas where more granularity is required. This holistic and systematic approach allows practitioners to triage the risk management process. Because it is significantly less resource-intensive, it avoids focusing management attention and resources on immaterial risks. A key feature of Modern ERM is that it creates a structured and transparent process for factoring risk into the business decision-making process at both a tactical and strategic level. Specifically, it provides managers, senior managers and C level executives the tools and information they need to optimize risk-reward, risk-control and risk-transfer in the context of cost-benefit analysis. Implementing Modern ERM is fast becoming a strategic imperative for every major corporation and its stakeholders. This workshop will cover the key issues in ERM, the pros and cons of Traditional vs. Modern ERM and how to implement a Modern ERM program. Ali Samad-Khan, President, Stamford Risk Analytics |
| Afternoon Workshop “D” |
| Bullet Proof BCM Business Continuity Management (BCM) encompasses the sum total of management plans and actions designed to keep a business going even in the event of extraordinary changes taking place in the business environment. For example, what do you do if your credit card checking system crashes? What do you do in the event of fire or natural disaster? The companies that can best predict what can go wrong and set up plans and polices that adequately address them are best positioned to maximize profit and continue growing their business. They will also safely ward off the impact of certain events which normally could cause their business from going under. This workshop will guide you through the crucial elements of a BCM plan such as: Insurance issues, reacting to interruptions and responding to a full spectrum of events that are outside of your organization such as natural disasters and economic downturns You will learn how to: Armed with this information your organization can prepare a cost effective |
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