EST (GMT-05:00) (GM -05:00)
Thursday February 16, 2012 2:00pm
Thursday February 16, 2012 3:00pm
After asking a few simple questions repeatedly in 2011, it turns out too many enterprises are cranking out mechanical risk mangement tasks without clear line-of-sight to actually managing risk to return. Risk management stuff was not only disconnected from summary financial measures of return, but also too often disconnected from key business performance measures. So, it was not surprise that surveys at public programs revealed 1/4 to 1/3 of risk management spend is typically wasted (more in planing stages). As we reflect on 2011, it's clear that lives and livelihoods depend on overcoming these problems.
In discussions with a range of board members and executives, several causes begin to emerge. In this webinar, Brian Barnier draws on the analyses collected in The Operational Risk Handbook (Harriman House, London, 2011) from across industries, disciplines and countries to share practical insights on what works and what just wastes time and money.
Learning objectives include:
- Understading mistakes in applying frameworks
- Understanding errors in selecting and implementing tools and techniques
- Identifying pitfalls in organization change
- Identifying drivers of risk in the world
- Identifying drivers of complications and waste in risk management tasks
- Understanding critical criteria for improving risk management
- Learning how to refocus risk management on the business
Brian Barnier, principal analyst and advisor, ValueBridge Advisors, and one of the distinguished OCEG fellows, analyzes "what works" and advises boards and management on performance, risk and oversight needs. From his experience as a global operations leader, he heas seen risk management from multiple perspectives. He has penned over 100 articles, contributed to Risk Management in Finance (Wiley, San Francisco, 2009) and authored The Operational Risk Handbook for Financial Companies (Harriman House, London, 2011). He has served on multiple professional guidance committees, including OCEG's "Red Book." He has served on several non-profit and private company boards.
This recorded webinar is provided as an educational resource to OCEG Premium Individual and Enterprise level members. We are not able to offer continuing education credit or certificates of completion for recorded events. If you would like to gain NASBA or GRC Certified approved CPE credit, please attend any of our free live webinars.
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